THE ADVISOR: Keeping you Informed August 2017 Issue

‘DREAMKEEPER EDUCATION SERIES’ UPCOMING EVENTS
Cook County Business Property Taxes:  Learn the System
Wednesday August 16, 2017
8:00 a.m. – 9:00 a.m.
Location:  J.Krug & Associates, Inc.
Presenter: John Sullivan – Law Offices of John P. Sullivan
CLICK HERE FOR ADDITIONAL INFORMATION AND TO REGISTER ONLINE


J.KRUG & ASSOCIATES, INC. RETAINS IT’S IIABA’S BEST PRACTICES STUDY
MOUNT PROSPECT, IL 8/8/2017 – J. Krug & Associates, Inc. retains its Best Practices status, once again becoming a part of an elite group of independent insurance agencies around the United States. This status comes by participating in the Independent Insurance Agents & Brokers of America (IIABA or the Big “I”) Best Practices Study group. The annual survey and Study of leading independent insurance agencies documents the business practices of the “best” agencies and urges others to adopt similar practices.
READ FULL ANNOUNCEMENT…..

 

 


Westfield Foundation’s Legacy of Caring Fund Benefits Little City Foundation
Palatine, IL May 31, 2017- Little City Foundation (Little City) received a grant from Westfield Insurance Foundation thanks to the help of J.Krug and Associates. The grant is part of the Westfield

Legacy of Caring program, which invites Westfield independent insurance agents to nominate a local nonprofit in the areas of disaster recovery, insurance pathways, family stability or safety.
Read Full News Release

 


Identity Theft
The Fastest Growing Crime in America – FBI
Number 1 Consumer Complaint in the last 13 years- SEC
Odds in becoming a victim – 1 in 10

To correct a personal identity theft, can take hundreds of hours of your time and several thousands of dollars.  It also has to be done during regular business hours.  Who has time for that?

We are urging our clients (especially business owners) to consider purchasing a comprehensive Identity Theft Product that monitors as well as restores your identity.  No matter how careful you are with your personal information you’re at the mercy of all the entities that are storing information about you on their computer systems and hackers are now moving down stream to smaller companies where it’s easier to gain access.
CLICK HERE FOR ADDITIONAL INFORMATION AND PRICING


Workers Compensation Class Codes
Workers Compensation insurance premiums are based on several factors, specifically:

  1. The Experience Modifier – Represents claims history as compared to other business in the same industry
  2. Employee payrolls – Payrolls are multiplied by the corresponding job classification rate and experience modifier

Classification Code – A code that represents a specific profession or industry and provides a Workers Compensation rate per $100 in payroll representing that classification
READ FULL ARTICLE…..


Supply Chain and Business Interruption Coverage
In today’s world, businesses are able to source and distribute products almost anywhere. With all this opportunity comes the risk of disruption along the supply chain. This can be caused by catastrophe (think the tsunami in Japan or Hurricane Sandy along the east coast) or the failure of a supplier to meet a company’s demands. Automobile giant BMW recently slowed production to a crawl on certain models because of a shortage in parts from supplier Bosch, who in turn was having difficulties acquiring parts from an unnamed supplier in Italy.

Does this risk affect your business and how do you know you have the proper coverage to secure continuity of your operations?
READ FULL ARTICLE…..


IN CASE YOU MISSED OUR RECENT SEMINAR ON
“CYBER:  WHAT EVERY BUSINESS LEADER NEEDS TO KNOW”
Become a “Cyber Risk Aware Organization”

The Seven Myths and Misconceptions About Cyber Risk
CLICK HERE TO OBTAIN SEMINAR POWERPOINTS AND MATERIAL