Improved Workplace Awareness Helps Traffic Fatalities Trend Downward

Employers and employees need to address the issues associated with automobile accidents as part of their daily management routine. A heightened awareness of automobile safety in the workplace has resulted in greatly improved fatality results. In 2010, 32,788 people lost their lives in vehicle accidents – down nearly 10,000 in the last decade. Fourteen percent of workplace fatalities result from automobile accidents. That is also down from 22 percent just 10 years ago. While this trend is moving in the right direction, the automobile exposure to a business offers one of the most serious liability exposures that can be faced.

Performance Management consultants recommend compliance with the 4-A’s of driving:

Anticipate what could possibly go wrong and focus on driving to avoid mishaps
Adjust to changing circumstances such as traffic congestion or changing weather
Assume nothing – don’t automatically assume that traffic will stay moving or a car won’t change lanes into your path
Allow no distractions – drivers must avoid anything that takes their focus off of driving

Not only can the strict adherence to an automobile safety program help relieve a business from a serious claim, maintaining drivers with good records reflect positively on the business’ auto insurance premiums.

Performance Management predicts that if employers would institute just two actions, implement standards of practice for driving and educate employees about good driving principles and management’s expectations, accidents would be reduced by more than 50 percent.

ACV vs Stated Amount vs Agreed Values for Vehicles

Every time you get into your car and start the engine it is very likely that pennies fall off. Well, not actual pennies but the value of the car drops a very small amount each mile it is driven. This is because most cars are a depreciating asset. With this in mind let’s talk about three common ways you can insure the value of your vehicle. The three ways are Actual Cash
Value (ACV), Stated Amount and Agreed Value.

Actual Cash Value is the most common form of valuing a car by insurance companies. What this means is that after an accident they take the original value of the car when it was brand new and they then depreciate the car over time until the date of the claim. They taking into account the miles driven, prior damage to the vehicle, wear and tear and maintenance upkeep of the vehicle. The farther away you are from the date the car was made the lower the value of the car.

Stated Amount is a little bit different. In this case you would tell the insurance company what you feel your vehicle is worth, say $30,000. This $30,000 is now the most the insurance company will pay out for the car, however when you have a claim they will research to see what other vehicles similar to yours are being valued for. If that value is less than the $30,000 they will give you the lesser amount. You often see this in collectors cars or cars that have a lot of specialize equipment attached to the body of the vehicle.

Agreed Value is where both the insurance company and you come to a prearranged value for your vehicle. When you agree upon this value, say it is $30,000 again, when a claim arises you are going to automatically be paid the agreed upon value of $30,000. Unlike Stated Amount, they do not go out and decide if the market still feels your car is worth a certain amount, they just agree to pay the agreed upon value that was settled before the claim even happened. This is most used for classic/collector cars. In fact it is best to make sure your classic/collector car is an Agreed Value instead of a State Amount. Often this requires an appraisal which may cost a little money to have done. One other thing to take into account when vehicles are insured for an Agreed Value, they can often have a limit on how many miles the vehicle can be driven each year.

For more information on valuations of vehicles please feel free to get in touch with Fey Insurance Services. We have been serving the Oxford, OH and Cincinnati, OH areas since 1958.

Worker’s Compensation issues for Ohio Business Doing Business in States Other Than Ohio

If you own or operate a business in Ohio, you are most likely carrying Ohio Worker’s Compensation Insurance through the State of Ohio’s Bureau of Worker’s Compensation. If you pay an employee more than $160/quarter, you are required by law to do this. If your business takes you or your employees to other states, you need to be aware of the specific state’s Worker’s Compensation requirements. Depending on the circumstances, your Ohio Worker’s Compensation may protect you and your workers in other states under the terms of Ohio’s Worker’s Compensation laws. There may be a problem, however, in Kentucky, for example where their Worker’s Compensation governing bodies and laws do not recognize Ohio’s Worker’s Compensation Policies. In that case you may need to buy Worker’s Compensation in the state where you or your employees are temporarily working. Many of these new issues are evolving as states scramble for revenue because of the current recession, so before going into other states on business, please check with that state’s Worker’s Compensation authorities to see if you need state-specific Worker’s Compensation in addition to your coverage in Ohio or any other state.

Identity Theft: A Fast Growing Crime

Identity theft is becoming a major concern as it has become one of the fastest growing crimes in America. Victims face the task of notifying and communicating with creditors, debt collectors, law enforcement agencies, financial institutions, national credit bureaus and others in an attempt to restore their good credit standing. The cost of all of this can mount up.
You can add Identity Theft coverage to your Homeowner Policy to provide protection for these costs in the event you are forced to reclaim your identity and financial status. The additional premium is minimal.
One of our fine insurance companies is even providing Advocacy Services which gives you access to a qualified personal advocate to provide you with useful information and guidance to address the theft of your identity quickly.
What is identity theft? Identity theft is the unlawful use of another person’s identifying information, such as name, address, phone number or Social Security number to obtain credit fraudently from banks or retailers, steal money from existing accounts or open new accounts
for financial gain, apply for loans or other similar fraudulent activities.
Reclaiming your identity and restoring a damaged credit record following identity theft can take a considerable amount of time and expense.
The advocate that one of our leading insurance companies uses, provides easy access to a qualified person to assist you with the paperwork, telephone calls and other tasks required to address your situation quickly.
In addition, identity theft insurance will pay up to an amount ($25,000 with some companies subject to a $250 deductible) for expenses such as notarized fraud affidavits, certified mail and long distance telephone calls to law enforcement and credit rating agencies, loan application fees when required to reapply for a loan denied due to identity theft, reasonable attorney fees to defend against lawsuits, to remove wrongly entered criminal or civil judgments or to challenge the accuracy or completeness of information in your consumer credit report. It will also cover lost wages at $250 per day up to $10,000 when you take off work to meet with law enforcement agencies, legal counsel or similar related activities (included within the $25,000 limit of insurance).
Please contact us about this additional protection to your Homeowner Policy now.

British Columbia

Car insurance in this province is provided by a government-run insurance company, Insurance Corporation of British Columbia (ICBC). Since 1973, BC consumers have had very little choice in how and where they buy their car insurance. If they are dissatisfied with the service provided by ICBC or the premiums they are being charged, drivers in BC do not have the same option as do drivers in other provinces – the option to switch insurance companies.
BC consumers do have some of the same choices available to other Canadians when it comes to optional car insurance. Drivers can purchase collision, fire and theft insurance from the private car insurance companies competing for business in BC. These companies are committed to ensuring consumers have the benefit of competition and choice, where government inaction has made it difficult to do so.
A competitive business environment is a powerful incentive for insurers to deliver the best service and to understand and meet consumers’ needs. Auto insurance is no exception to this rule. As consumers’ needs change, private sector insurance companies respond by offering innovative new products and services. Product innovations such as first accident forgiveness, replacement cost coverage, roadside assistance, and payment plans were all adopted in competitive jurisdictions long before they were available in provinces with government-run auto insurance systems.
After the BC government’s 2001 election-campaign commitment to increase competition in auto insurance, a lengthy examination of the role and mandate of ICBC was conducted. The recommendations for insurance reforms that came out of that review fell short of creating a fully competitive market and giving consumers full choice and competition in automobile insurance. Drivers in BC must still buy their mandatory insurance from government-run ICBC.
Private-sector auto insurers continue to work to ensure that consumers in BC have competition and choice in where, how and from whom they buy auto insurance.

Minimum Required Auto Insurance Coverage in British Columbia

As of May 1, 2013
Compulsory minimum third-party liability: $200,000 is available for any one accident; however, if a claim involving both bodily injury and property damage reaches this figure, payment for property damage will be capped at $20,000
Medical payments: $150,000/person, including rehabilitation, excluding health insurance and other medical plans
Funeral expense benefits: $2,500
Disability income benefits: 75% gross weekly wages to a maximum $300/week; 104 weeks temporary disability, lifetime if totally disabled; nothing is payable for the first 7 days of disability; homemaker up to $145/week, maximum 104 weeks
Death benefits: Death of head of household $5,000 and $145/week for 104 weeks to first survivor, plus $1,000 and $35/week for 104 weeks to each child; death of spouse/partner $2,500; death of dependent child according to age, maximum $1,500/child
Impairment benefits: N/A
Right to sue for pain and suffering? Yes
Right to sue for economic loss in excess of no-fault benefits? Yes
Administration: Government (government and private insurers compete for optional and excess coverage)

Steps Required to Become a Fully Licensed Driver in British Columbia

Introduced Oct. 6, 2003

How do I become a Learner?

To enter the Learner Phase (Class 7L), you must:

  • Be at least 16
  • Take a vision test
  • Take a driving knowledge test
  • Have a parent or guardian’s consent (if you are under 19)

How long will I be in the Learner Phase?

You must be in the Learner Phase for at least 12 months. The Learner’s license is valid for two years, but can be extended if you re-qualify on the knowledge test. You can stay in this phase for as long as you like.
You must be 16 years of age (and have passed all license requirements) to enter the Learner Phase.

What are the restrictions while I am in the Learner Phase?

You must drive with a supervisory driver who is 25 or older and has a valid Class 1-5 driver’s licence. You can have, along with the supervisory driver, only one other passenger in the car with you.  You cannot drive between midnight and 5 a.m. You cannot drink when you are driving – your blood alcohol must be zero. Your car must have the Learner sign on it.
The minimum penalty for violating any Learner Phase restriction is a $109 fine. If you break the no-drinking-and-driving rule, you will get an immediate 12-hour driving suspension, and you will not be able to drive again for one month, on a first offense.  If you break the no-drinking-and-driving rule again, you will not be able to drive for a year.

What else should I know?

If you break any traffic rules while you are a Learner, you can lose your right to drive very quickly. You will be allowed only two to six demerit points (instead of the 15 to 19 points allowed to a Class 1-5 driver).  If you get too many demerit points, you will lose the right to drive for a period of time.
If you get four demerit points (this would usually happen with two tickets) you can lose the right to drive for one month.  If you get more than four points you can lose the right to drive for a longer time.
You are also subject to all the penalties and fines that apply to other drivers.  For a chart of these, see

How do I become a Novice?

To enter the Novice Phase (Class 7N) from the Learner Phase, you must pass the Class 7 road test.

How long will I be in the Novice Phase?

You must be in the Novice Phase for at least 24 months, unless you take and pass an ICBC-approved driver education course (which reduces this by 6 months). The approved course must be taken and passed in the Learner Phase. In addition, to qualify for the six month reduction, you must be prohibition free; ticket and violation free; and not have any at-fault collisions.

What are the restrictions while I am in the Novice Phase?

You can have only one passenger in the car with you, unless you have a supervisory driver who is 25 or older and has a valid Class 1-5 driver’s licence (one or more immediate family members are allowed even without a supervisor). You cannot drink when you are driving – your blood alcohol must be zero. Your car must have the Novice sign on it.

What else should I know?

If you break any traffic rules, you will go back to the beginning of the Novice Phase; you will lose all of the time you have spent in this phase.
As in the Learner Phase, you will be allowed only two to six demerit points (instead of the 15 to 19 points allowed to a Class 1-5 driver). If you get too many demerit points, you will lose the right to drive for a period of time.
To graduate from the Novice Phase, you must pass the Class 5 road test.

Directors and Officers of Non-Profit Organizations

Many people today have a servant’s heart and wish to volunteer on different non-profit boards to help better their community.  As board members they steer the path of the non profit organization by helping with fiscal policy and with major decision making.  We at Fey Insurance strong encourage people to take part in boards to help better their community; however, we caution them to make sure these boards have Directors and Officers Liability. 
Many people think that if they buy a personal umbrella policy they will be covered for anything that could happen to them while serving on a board.  Unfortunately this is not always true.  Many umbrella policies only cover you for Directorships or Trusteeships if they are non-profit and only for Bodily Injury, Property Damage and Personal Injury.  Most lawsuits that could arise out of your service on a non for profit board will not be for Bodily Injury, Property Damage or Personal Injury.  They will be because other members of the organization that are not on the board disagree and disapprove of a financial decision or just an overall steering decision that the board made.  Lawsuits such as these are considered wrongful acts and do not fall under the Bodily Injury, Property Damage or Personal Injury and would therefore in many cases not be covered by your homeowner or personal umbrella.
This possibly large gap in coverage is why we strongly encourage our customers that sit on boards (for-profit or not-for-profit) to make sure the boards have Directors and Officers Liability (D&O liability).  D&O Liability is special coverage designed to protect for wrongful acts or supposed wrongful acts of the board.  We recommend this coverage to all boards not only to protect our individual insured’s but to also protect the organization itself.  Even if a claim of wrongful acts is frivolous it can still cost the organization thousands or tens of thousands of dollars just to defend itself.
So next board meeting you attend be sure to ask if they have Directors and Officers Liability.  If they say no and tell you that you should be fine if you have a personal umbrella be sure to reference this article to help them understand the possible large limitation that a personal umbrella has in covering you as a board member.  

Best Bad Credit Cash Advance for Diverse Individuals

How could you support yourself from financial deprivation? The link is here to connect you with the best financial provider available. Indeed, as you once have failed to meet your obligation at certain financial institution, it might be complicated to propose financial support. There are twisting ways people have to take in meeting the criteria. For the most part, individuals should have collateral to secure the loan. But, cash advance loan shall be reliable option as you don’t have any valuable resources. By this point, you shall be able to meet your needs, especially under the urgency.

People with lower credit score have significant problem with the lender. Officially, you have to file in various documents at the banks. Considering your limitations, online lender is becoming the first choice to leave financial problem behind. The choice on cash advance is feasible because you are able to receive the money quickly on your request. Hence, you would be under the proper hand with the concept.

Bad Credit Cash Advance Loans

Financial support is searched by many individuals, especially for those who are under financial deprivation. The interesting point of proposing loan online is quicker process of administration. It means you only need to complete the form offered by the provider. Within few minutes, your data will be processed by the lender. Positive notification will be read as you open your email. Indeed, the surprise of fast approval process shall release your emotional burden. In fact, you could stay relaxed though you are in financial lack.

There are good points of proposing bad credit cash advance loan, among others:

  • Quicker approval process is received by different individuals, either on bad credit history or not. As you shall observe, online lender does not undervalue individuals with lower credit score through quicker decision making.
  • The collateral is not required to support the loan. The implication is that the loan is intended for diverse individuals from wider populations. So, to secure the loan, you only need to possess regular salary.
  • To propose the loan, you only need to get the best provider. You can borrow few hundreds to thousands of dollars depending on your needs. Just contact the provider to receive the best quotes.

Best Bad Credit Cash Advances

It might be interesting to know how much you have to spend monthly on your regular needs. By the same token, it might be necessary to provide cash you shall need to anticipate the urgent conditions. For the most part, working class individuals are not ready to face the facts of financial crisis. Hence, knowing the right financial resource shall give the best clue in meeting the needs.

When you are really serious in getting the support, bad credit cash advances shall provide reliable financial solution. You can get the support just by clicking the mouse on the right spot. For sure, online lender frees you from financial burden. Within few hours, the money will be ready on your wallet. And, this keeps you smile along the way.

Cost Savings Ideas

There is constant talk today about cutting costs. Here are two options that might help you save a few dollars on your insurance in this rough economy.

1)Raise your deductibles:
A typical homeowner policy has a deductible of $500 and a typical auto insurance policy has $100 for comprehensive and $250 for collision deductibles. One way to help save a few dollars on your annual insurance bill is to increase your homeowner deductible to $1000 and your comprehensive and collision deductibles on your auto to $500 each. Note that when you do this you bring a little bit of the financial risk back on yourself. A good rule of thumb to help figure out if the deductible change is worth the risk is to take the savings you will get for increasing your deductible and multiply it by three. If that number is larger than the difference between your old deductible and your new deductible in my opinion you are taking on an appropriate amount of risk for the savings.

2) Drop physical damage on your old vehicles.
If a car is 10 years or older it is probably worth researching whether you should have comprehensive and collision coverage on your car (many people know this as “full coverage”). Two ways to help you decide if dropping comprehensive and or collision from your car is worth it are:

1. The Insurance Information Institute says that if your car is worth less than 10 times the amount you pay annually for comprehensive and collision coverage it isn’t worth keeping the coverage.

2. Another way to analyze if it is worth keeping the coverage is to take the premium you pay for collision and add it to your deductible amount. That is the total amount that it costs you to insure your car. (i.e. Your annual collision premium is $250 and your collision deductible is $500. If you total your car you will have paid $750 ($250 in premium and $500 in deductible) before you received any money from your insurance company) If in your mind it isn’t worth spending that kind of money to save your vehicle if it was totaled than you might want to consider dropping that coverage.

North Dakota Car Insurance

North Dakota Car Insurance: Simple Overview to Insurance Rules

As with most U.S. states, car insurance is a mandatory requirements for all drivers in North Dakota. Auto insurance can be very beneficial for you if you have an accident. If you are a first-time car buyer, you need to know about the ways of getting cheap car insurance in North Dakota. Some of which includes:

1. Shop for Auto Insurance Online:

Using out free quotes form, you can get up to 8 quotes from top insurance companies in North Dakota. Instead of visiting multiple web sites of various insurance companies, you can simply complete the form below and get them all in one page. Even easier, you get to see each quotes and discounts on offers before you pick the most suitable one for your needs. When dealing directly with the insurance provider, it is essential for you to be upfront and honest while inquiring. Also, you need to ask the insurance companies whether they offer any kind of discounts for a good driving record, good credit history or for cars with safety features. You can then choose the most appropriate insurance policy to suit you. Shopping online for car insurance allows for ease and convenience that were once a task can only be made easier if you hire someone else to do it for you/

2. Compare Before you Buy:

You can consider opting for a yearly car insurance policy instead of buying coverage for a shorter period. With this, you will have to pay a lower rate that will remain unchanged for an entire year. Also, choose insurance with high deductibles. High deductibles are inversely proportional to premiums and so you will have to pay less in premiums.

3. Keep a good driving record:

It is very important for you to maintain a good driving record to get cheap car insurance in North Dakota as this is the foremost factor considered by insurance companies while offering car insurance. You also need to properly follow all the traffic rules and regulations set by the state.
To avoid other factors that will increase the cost of your car insurance, it is advised that you make yourself aware of all the motor vehicle laws when driving in North Dakota. You need to know that children aged 7 and younger should sit in car seat or a booster. People who are 17 or younger should wear seatbelts. Failure to insure that these laws are properly followed can add up points on your driving record and you may have to pay higher premiums when it comes time to renew or purchase a new insurance policy.
For complete information regarding auto insurance in North Dakota can be obtained from the North Dakota Insurance Department located in Bismarck by visiting their web site, or calling their office, 800-247-0560. For now, here are the basic requirements you should be aware of.

North Dakota Car Insurance Requirements are:

  • $25,000 per person, $50,000 per accident for uninsured motorist coverage
  • $25,000 per person, $50,000 per accident for underinsured motorist coverage
  • $25,000 worth of bodily injury or death coverage for one person per accident
  • $50,000 worth of bodily injury or death for up to two people per accident
  • $30,000 worth of personal injury protection (PIP), or no-fault insurance
  • $25,000 for destruction of property of others per accident
This basic coverage is also referred to as 25/50/25 insurance coverage with 25/50 UM limits.
North Dakota follows a No-Fault system. As per this system, your car insurance company will have to pay for your injury claims, irrespective of whether you are responsible for the accident or not. Rules of a no-fault system vary from state to state.

Radio Frequency Indetification Thefts

Credit cards are gradually moving away from the swipe and process cards to the wireless transfer of financial data. This make shopping lines move quicker but it does create a new kind of theft. The technology is called Radio Frequency Identification (RFID). All you do is hold a card near a RFID scanner and the data is transferred. The problem with this is that computer savvy criminals can create scanners that steal your financial data right off your credit card, even if it is still in your wallet. Credit card companies are becoming aware of this issue and have worked to solve the problem with on off switches on the card that are triggered when a finger presses the chip that is imbedded in the card. One other way to prevent scanning theft is to purchase a RFID protected wallet. For example the HuMn Wallet has material that doesn’t allow RFID scanners to scan cards in the wallet.
So be sure to take precaution if your new credit card has the RFID chip imbedded inside. Ask if you can have a card that has the on/off switch and if not look into purchasing a RFID protected wallet.