THE ADVISOR: Keeping You informed April 2017 Issue

2016 PARTNER OF THE YEAR AWARD
J. Krug and Associates, Inc. of Mount Prospect, IL awarded its “2016 Partner of the Year Award” to Jason Pfeil and Mike Nunney from Westfield Insurance.

WESTFIELD INSURANCE AWARDED J.KRUG & ASSOCIATES INC. AS HORIZON AGENCY PARTNER
Westfield Insurance Announces Top Performing Independent Agencies.-  Westfield Insurance, a super-regional, customer-focused insurance carrier represented by approximately 1,000 independent agencies, announced the newest group of agencies qualifying for its Trilogy and Horizon programs.
Read full announcement…

Smartphone Addicts Behind the Wheel Drive Car Insurance Rates Higher
Distracted by their smartphones, America’s drivers are becoming more dangerous by the day. That is pushing auto-insurance rates higher as insurers struggle to keep up.  Costs associated with crashes are outpacing premium increases for some companies, according to insurers, and they say the use of smartphones to talk, text and access the internet while on the road is a new and important factor behind the wrecks.  Read full article….


Credit-Card Fraud Keeps Rising, Despite New Security Chips
More consumers became victims of identity fraud last year than at any point in more than a decade despite new security protections implemented by the credit-card industry, a report released Wednesday said.  Some 15.4 million U.S. consumers were victims of identity fraud in 2016, resulting in $16 billion in total losses, according to the report by consulting firm Javelin Strategy & Research and identity-theft-protection firm LifeLock Inc. The number of victims rose 18% from 2015 and was the highest since Javelin, a unit of Greenwich Associates LLC, started tracking the phenomenon in 2003.  Read full article….


Workers Compensation:  What is an Experience Mod?
Every business owner with one or more employees is required to carry workers compensation insurance. Workers compensation is a form of insurance that provides compensation to employees injured as a result of their employment. For many business owners, workers compensation is the largest property or liability insurance policy that they purchase. Luckily, it is also the policy in which the policy holder has the most control over the total premium being paid.  Read More….


Is Pollution Covered Under My General Liability Policy?
No.  When a business owner asks this question after a pollution related claim, it is too late.  General liability insurance is not enough to shield your business from the exposure to pollution related claims. A “total pollution exclusion” is normal in today’s commercial general liability policy.  Read More….