ZOLOFRA INSURANCE AGENCY

Ready to protect you today for what matters tomorrow.

Blog

view:  full / summary

June 2011 Recently Bound Home Inspectors Accounts

Posted on June 10, 2011 at 2:46 PM

Recently Bound June Accounts

TERMS PROVIDED BY A NATIONALLY RECOGNIZED "A RATED" CARRIER

REFERRAL COVERAGE AUTOMATICALLY INCLUDED IN ALL POLICIES.

Simi Valley, California Inspector

$1,000,000 General Liability - $250 deductible

$1,000,000 E&O Insurance - $1,500 deductible

$1,000,000 Limit for Pool & Spa Inspections

$10,000 Limit for Tools & Equipment

Retroactive coverage back to 2010

Total annual cost of $2,111.85 (inclusive of taxes and fees)

 

Boynton Beach, Florida Inspector

$1,000,000 General Liability - $250 deductible

$1,000,000 E&O Insurance - $2,500 deductible

Retroactive coverage back to 2008

Total annual cost of $2,034.50 (inclusive of taxes and fees)

 

Swansboro, North Carolina Inspector

$300,000 General Liability - $250 deductible

$300,000 E&O Insurance - $1,500 deductible

Retroactive coverage back to 1996

Total annual cost of $1,750.00 (inclusive of taxes and fees)

 

Hahnville, Louisiana Inspector

$300,000 General Liability - $250 deductible

$300,000 E&O Insurance - $1,500 deductible

$5,000 Crime/Fidelity Bond Coverage

Retroactive coverage back to 2000

Total annual cost of $1,826.63 (inclusive of taxes and fees)

 

Bowie, Maryland Inspector

$500,000 General Liability - $250 deductible

$500,000 E&O Insurance - $1,500 deductible

$500,000 Limit for Mold Inspections

Retroactive coverage back to 2007

Total annual cost of $2,045.35 (inclusive of taxes and fees)

 

Arlington, Texas Inspector

$1,000,000 General Liability - $250 deductible

$1,000,000 E&O Insurance - $1,500 deductible

$1,000,000 Limit for Pool & Spa Inspections

Retroactive coverage back to 2003

Total annual cost of $2,219.80 (inclusive of taxes and fees)

 

Mesa, Arizona Inspector

$500,000 General Liability - $250 deductible

$500,000 E&O Insurance - $1,500 deductible

$500,000 Limit for Pool & Spa Inspections

$500,000 Limit for Mold Inspections

Retroactive coverage back to 2005

Total annual cost of $2,109.40 (inclusive of taxes and fees)

 

Bloomingburg, New York Inspector

$500,000 General Liability - $250 deductible

$500,000 E&O Insurance - $1,500 deductible

$500,000 Limit for Termite Inspections

$500,000 Limit for Radon Inspections

Total annual cost of $2,071.57 (inclusive of taxes and fees)

 

Robbinsville, New Jersey Inspector

$1,000,000 General Liability - $250 deductible

$1,000,000 E&O Insurance - $1,500 deductible

$1,000,000 Limit for Mold Inspections

$1,000,000 Limit for Termite Inspections

$1,000,000 Limit for Radon Inspections

Retroactive coverage back to 2007

Total annual cost of $2,355.00 (inclusive of taxes and fees)

 

River Edge, New Jersey Multi-Inspector Firm (2 Inspectors)

$1,000,000 General Liability - $250 deductible

$1,000,000 E&O Insurance - $1,500 deductible

$1,000,000 Limit for Termite Inspections

$1,000,000 Limit for Radon Inspections

Retroactive coverage back to 2007

Total annual cost of $3,163.50 (inclusive of taxes and fees)

 

Did you know we can also cover...

 

Code Compliance Inspections, Wind Mitigation Inspections, Septic/Water Testing Inspections, Lead Inspections, Carbon Monoxide Inspections, Independent Contractors that work solely for you and much more!

 

Pre-Claims Assistance

Worrying about a complaint from a previous inspection is natural; we all want to make sure you have a someone to talk to should you get a claim. One option to keep in mind is using our free pre-claims assistance once you become a client – it’s an extra step we take to make help you focus on growing your business while taking the worry out of it.

 

 

QUICK QUOTE

To receive a quick indication for your home inspection company, please click here:

http://www.zolofrainsurance.com/homeinspectorsliability.htm

 

May 2011 Home Inspectors Insurance Newsletter (segment)

Posted on May 10, 2011 at 9:06 AM

Recently Bound April Accounts

TERMS PROVIDED BY A NATIONALLY RECOGNIZED "A RATED" INSURANCE CARRIER RECENTLY ENDORSED BY ENVIRONMENTAL SOLUTIONS ASSOCIATION (ESA)

NOTE: This carrier offers full General Liability coverage and not just Premises Liability coverage. Also, full limits are given for ancillary services (termite, radon, etc) whereas most carrier sub-limit these coverages (they lower the limit) and also raise deductibles. Referral coverage automatically included.

 

 

Plano, Texas Inspector

$1,000,000 General Liability - $250 deductible

$1,000,000 Professional Liability (E&O) - $1,500 deductible

Total annual cost of $2,127.53 (inclusive of taxes and fees)

 

 

 Iota, Louisiana Inspector

$300,000 General Liability - $250 deductible

$300,000 Professional Liability (E&O) - $2,500 deductible

Retroactive coverage back to 2008

Total Annual Cost of $1,598.25 (inclusive of taxes and fees)

 

 

 Belmont, North Carolina Multi-Inspector Firm (4 inspectors)

$1,000,000 General Liability - $250 deductible

$1,000,000 Professional Liability (E&O) - $1,500 deductible

$1,000,000 Mold Testing Endorsement - $1,500 deductible

$1,000,000 Termite Inspection Endorsement - $1,500 deductible

$1,000,000 Septic Testing Endorsement - $1,500 deductible

$1,000,000 Pool & Spa Inspection Endorsement - $1,500 deductible

$1,000,000 Radon Inspection Endorsement - $1,500 deductible

$1,000,000 Lead Paint Inspection Endorsement - $1,500 deductible

$10,000 Tools & Equipment Coverage (property)

$25,000 Crime/Fidelity Bond Coverage

Retroactive coverage back to 2006

Total Annual Cost of $4,981.60 (inclusive of taxes and fees)

 

  

Ledgewood, New Jersey Inspector

$1,000,000 General Liability - $250 deductible

$1,000,000 Professional Liability (E&O) - $2,500 deductible

$1,000,000 Termite Inspection Endorsement - $2,500 deductible

Retroactive coverage back to 1997

Total Annual Cost of $1,959.95 (inclusive of taxes and fees)

 

  

Buffalo, New York Inspector

$1,000,000 General Liability - $250 deductible

$1,000,000 Professional Liability (E&O) - $1,500 deductible

$1,000,000 Termite Inspection Endorsement - $1,500 deductible

$1,000,000 Radon Inspection Endorsement - $1,500 deductible

$5,000 Crime/Fidelity Bond

Retroactive coverage back to 2009

Total Annual Cost of $2,204.78 (inclusive of taxes and fees)

 

 

 West Chester, Pennsylvania Inspector

$500,000 General Liability - $250 deductible

$500,000 Professional Liability (E&O) - $1,500 deductible

Retroactive coverage back to 2006

Total Annual Cost of $1,931.40 (inclusive of taxes and fees)

 

 

 Chevy Chase, Maryland Inspector

$500,000 General Liability - $250 deductible

$500,000 Professional Liability (E&O) - $1,500 deductible

Retroactive coverage back to 2008

Total Annual Cost of $1,931.40 (inclusive of taxes and fees)

 

  

Columbus, New Jersey Multi-Inspector Firm (7 inspectors)

$1,000,000 General Liability - $250 deductible

$1,000,000 Professional Liability (E&O) - $1,500 deductible

$1,000,000 Termite Inspection Endorsement - $1,500 deductible

$1,000,000 Radon Inspection Endorsement - $1,500 deductible

$1,000,000 Septic Inspection Endorsement - $1,500 deductible

$1,000,000 Carbon Monoxide Testing Endorsement - $1,500 ded.

Retroactive coverage back to 2009

Total Annual Cost of $9,280.00 (inclusive of taxes and fees)

 

 Tempe, Arizona Multi-Inspector Firm (6 inspectors)

$1,000,000 General Liability - $250 deductible

$1,000,000 Professional Liability (E&O) - $1,500 deductible

$1,000,000 Termite Inspection Endorsement - $1,500 deductible

$1,000,000 Radon Inspection Endorsement - $1,500 deductible

$1,000,000 Mold Testing Endorsement - $1,500 deductible

$1,000,000 Septic Inspection Endorsement - $1,500 deductible

$1,000,000 Pool & Spa Inspection Endorsement - $1,500 deductible

$1,000,000 Carbon Monoxide Testing Endorsement - $1,500 ded.

$25,000 Crime/Fidelity Bond

Retroactive coverage back to 1997

Total Annual Cost of $9,459.20 (inclusive of taxes and fees)

 

QUICK QUOTE

To receive a quick indication for your home inspection company, please click here, complete you information and then click submit:

http://www.zolofrainsurance.com/homeinspectorsliability.htm

May 2011 Lawyers Insurance Newsletter (segment)

Posted on May 9, 2011 at 8:50 AM

Recently Bound April Accounts

TERMS PROVIDED BY A NATIONALLY RECOGNIZED "A RATED" ADMITTED INSURANCE CARRIER

(NO POLICY FEES)

St. James, New York Attorney, solo practitioner, 24 years experience, AOP: Estates/Wills, Banking, Criminal, Divorce, RE

$1,000,000 Professional Liability (E&O) - $2,500 deductible, Claim Expenses Outside the Limit of Liability

Damages Only Deductible, Full Prior Acts coverage, Total annual premium of $2,732

 

 Forest Hills, New York Attorney, solo practitioner, 7 years experience, AOP: Domestic Relations, Real Estate

$500,000 Professional Liability (E&O) - $1,000 deductible, Claim Expenses Outside the Limit of Liability

Damages Only Deductible, Retroactive coverage back to 2002, Total annual premium of $2,185

 

Philadelphia, PA Attorney, solo practitioner, 5 years experience, AOP: Plaintiff BI/PI, Real Estate, Divorce, Wills

$300,000 Professional Liability (E&O) - $1,000 deductible, Claim Expenses Inside the Limit of Liability

Deductible applies to Loss & Expense, Total annual premium of $988

 

New York City Attorney, solo practitioner, 12 years experience, AOP: Plaintiff BI/PI, Real Estate, Divorce, Estates

$300,000 Professional Liability (E&O) - $1,000 deductible, Claim Expenses Outside the Limit of Liability

Damages Only Deductible, Total annual premium of $613

 

Rockaway, NJ Attorney, solo practitioner, 25 years experience, AOP: Plaintiff BI/PI, Criminal Law

$1,000,000 Professional Liability (E&O) - $5,000 deductible, Claim Expenses Outside the Limit of Liability

Damages Only Deductible, Full Prior Acts Coverage, Total annual premium of $2,910

 

Baltimore, MD Attorney, solo practitioner, 10 years experience, AOP: Civil, Plaintiff BI/PI, RE, Criminal, Employment

$500,000 Professional Liability (E&O) - $2,500 deductible, Claim Expenses Inside the Limit of Liability

Deductible applies to Loss & Expense, Total annual premium of $934

 

QUICK QUOTE

To receive a quick indication for your firm, please click here, complete your info and then click submit:

http/www.zolofrainsurance.com/lawyersliability.htm

NEW MARKET FOR LAWYERS!

Posted on August 9, 2010 at 1:41 PM

We have gained access to a Lawyers Professional Liability (Errors & Omissions) carrier that has been beating the competition with their pricing and terms.

 

This carrier is A rated by AM Best and also is an admitted carrier.  Among the policy highlights, the carrier offers:

 

1. Several deductible options  including First Dollar Defense coverage, Zero Dollar and Aggregate Deductibles.

2. Prior Acts Coverage.

3. Limits up to $5,000,000.

4. Claim expenses outside the limit.

5. Coverage broadened for independent contractors and "of counsel".

6. Predecessor firm coverage.

7. Broad definition for legal services, includes notary public, ,title insurance agent, etc.

8. Automatic 60 day extended reporting period from termination of policy.

9. Liberal equity interest exclusion.

 

and much, much more.

 

If you have been with the same carrier or managing general agent (MGA) for several years, now is the time to shop your malpractice insurance and give yourself a raise this year. 

 

We will also handle the necessary Certificates of Insurance that must be filed with the Attorney General.

 

Please feel free to contact us with any questions!  If you are ready for a quote, please click on Lawyers Liability on the left side and submit your information electonically for an indication.

 

Your comments can be sent to ben@zolofrainsurance.com.

 

Have a great day!

 

 

 

CLIENT FEEDBACK FROM WESTERN NEW YORK

Posted on May 1, 2009 at 9:56 AM

My experience with you this winter at renewal was great and I saved premium dollars. Most importantly the personal touch you provide is reassuring compared to so many others who do not even answer their phones. Rick and I are good friends and trusted competitors glad to share an edge to increase profit. With today's economy we both have benefited by the new home for our E&O at Zolofra Insurance Agency.  

How much insurance is enough insurance?

Posted on October 29, 2008 at 9:54 AM

Here is a question that is asked often and the answer is relatively easy enough to answer.

There are several factors to consider when making this decision and it often is answered by taking a look at what you want to secure:

1.  When purchasing auto insurance, consider taking a look at the assets you own is the most important factor.  The biggest mistake you can make is looking only at how much you pay for auto insurance and not the limits you have.  Sure, you can purchase insurance online from many different direct writers such as GEICO, but a licensed independent insurance agent can tell you how much insurance you need.  I've had clients come to me who own a house, two cars, and have children that did buy their insurance online and did not have nearly enough coverage to pay for one accident without exposing their personal assets.

2. When purchasing homeowners insurance, consider how you use your home and what you have on your premises.  If you're the type that likes to entertain, or have a pool, or like having the guys over for the game, or have the neighborhood kids over, the  $300,000 personal liability limit is not sufficient.  We strongly recommend extending your limits to at least $500,000, or even $1,000,000.

3.  If you are a professional and your services are responsible for the outcome of many high-valued projects or high valued cases, a limit greater than $1,000,000 is recommended.  In some instances, you may be required to carry certain limits to win the bid in order to work.

Higher limits can be extended through  primary carriers or umbrella carriers.  We all want to be dollar-wise when making our purchasing decisions, but when it comes to insurance, being penny-wise can be extremely costly and make it very difficult to recoup the assets you have worked hard to build up.

Your comments can be sent to ben@zolofrainsurance.com.

Ben

Recent Successes - Personal Umbrella

Posted on August 8, 2008 at 2:52 PM

Imagine having two youthful drivers, one in high school and one off away in college. You also have a beautful home with a big pool in the back and you occasionally entertain guests when the weather is right.  The kids have their friends over too and occasionally throw their own parties when you're out of town or maybe even when you're home.

This is a classic situation where a personal umbrella comes in handy.  A personal umbrella policy provides added protection to supplement your homeowners and auto insurance.  Typically, the limits of personal umbrellas range from $1,000,000 to $5,000,000+.  If you have a $300,000 personal injury limit on your homeowners and $300,000 bodily injury limit on your auto policy, the umbrella picks up where these two policies drop off. 

For instance, if someone is seriously injured while using your pool and the bills pile up to $700,000, your homeowners policy will pick up the first $300,000 and the personal umbrella policy would pick up the remaining $400,000.  Let's hope that doesn't happen, but it's good to know you would be covered.

Another example, your child who is away at school is driving with 2 of his/her friends and they get into a serious car accident, in which the other motorist is at fault and does not have any auto insurance.  The medical bills pile up to $650,000.  Depending on how your auto carrier views the accident, they would pay for the first $300,000 in bills and since the other driver does not have insurance, your personal umbrella policy would pick up the remaining $350,000. Again, let's hope that doesn't happen, but it's good to know you would be covered for the additional expenses.

These personal umbrella policies are rather affordable considering the additional coverage you would receive.  For a $1,000,000 personal umbrella policy, premiums generally run between $350-$750 per year, depending on a few underwriting factors.

In this real-life example, this couple with the two youthful drivers ended up purchasing the $1,000,000 personal umbrella coverage for their home and autos for less than $600!!

If you are interested, the application process takes all of five minutes, call today!

Your comments can be sent to ben@zolofrainsurance.com.

Ben

 

 

 

Recent Successes - Homeowners and Personal Auto

Posted on July 6, 2008 at 4:23 PM

Ron and Lori Choocherelli moved from their townhouse into their dream home they had built for themselves last year. They came to us this year and asked us to take a look at their personal insurance coverages since they wanted to know if they were sufficiently covered.  We found a couple of key issues in their coverages that we were able to address by then end of our consultation.

We advised them that their home was property insured as to the value, and their personal liability coverage was adequate with a $500,000 limit.  The policy also called for a $1,000 deductible, which is normal, but reading further, they had a 5% deductible for hurricane losses.  This means that if winds in excess of 74 miles per hour were to damage their home, they were responsible for the first $22,000 of losses because the $1,000 deductible becomes null and void when a hurricane occurs.  Ron, an investment advisor, and Lori, a school teacher, wanted to make sure that a flat deductible applied even if a hurricane were to occur.  For an additional $300 per year, we were able to find an A+ rated insurer who would provide a flat $1,000 deductible.

Their two cars, a late model Nissan SUV and an Infiniti Sedan, were covered by Lori's Teachers Insurance Plan of NJ.  The Teachers Plan of NJ is marketed to school teachers and is often recommended by other school teachers and school officials as the preferred auto carrier throughout the State of NJ.  We generally do not have an issue with association-endorsed insurance carriers, but association-sponsored vendors usually benefit the association and not the end-user. 

Even with one violation each, we were able to increase coverage across the board with another A+ rated auto carrier and also saved them $500!  The Teachers Plan provided $100,000/$300,000 Bodily Injury limits and $50,000 in Property Damage limits.  We felt that with the assets they currently hold, the limits should be increased.  The new policy provides $250,000/$500,000 Bodily Injury limits and $100,000 in Property Damage limits.

When we completed the insurance placement, Ron and Lori were satisfied that their risk was properly analyzed and were properly advised by an independent professional.   They said that they would not recommend buying insurance over the internet again because "you get what you pay for" and you want the insurance to work for you when you need it the most.

Your comments can be sent to ben@zolofrainsurance.com.

Ben

 

Recent Successes - Commercial Dry Cleaners

Posted on June 10, 2008 at 6:35 PM

(excerpt as it appeared in a national insurance industry newsletter)

So when he (Ben Zolofra) attended a meeting of a local chapter of the Independent Insurance Agents & Brokers of New Jersey (IIABNJ) his attention was piqued when the conversation turned to Big ?I? Markets. Ben says, ?I decided to join the state association primarily so I could gain access to Big ?I? Markets as well as my agency E&O insurance.?

The move paid off when Ben accessed to Commercial Package Product to quote a local dry cleaners. Ben belonged to the same club as the owner and his personal relationship gained him the opportunity to quote the business. And the result? He wrote the Cleaners for $39,000 in premium AND we wrote Workers Compensation as well for another $9,000 in premium. Not bad for a rookie! With that sale Ben should make it into the top five agencies in contention for Agency of the Year when the May report gets compiled (this article was written before May statistics were available).

And as a former underwriter what did he think of the underwriters he dealt with? ?They were great. Plus the quote I received from Zurich was almost $11,000 less than the current policy and I was offering better coverage. So more coverage for less price, how could I lose,? said Ben.

Your comments can be sent to ben@zolofrainsurance.com.

Ben


 

Recent Successes - Home Inspectors

Posted on May 15, 2008 at 3:44 PM

Here are the two most recent examples of inspectors who decided to make the switch to our agency to handle their insurance needs:


A solo home inspector who has decided to start his own company approached us for coverage.  We were able to provide him the NJ State-mandated $500,000 Errors and Omission coverage for an annual premium of $2,350.  The coverage was rated on the $24,000 of gross revenue projected for the next 12 months. The inspector was also pleased to find out that we do not charge any fees for filing the certificate of insurance with NJ State Board of Professional Engineers and Land Surveyors.  We always provide this service free of charge.   The inspector took advantage of an installment plan when he deposited 25% of the total cost and will have 10 payments of less than $200 for 10 months.  The total cost on the installment plan for the whole year will be less than $84.00....
 

A home inspector was referred to us recently with a special situation.  Originally, the home inspector asked us to quote his insurance and during the application process, it turned out he was a 50/50 partner with another licensed home inspector in a firm his partner started in 2006.  In the previous two years, both inspectors individually purchased the NJ State-mandated $500,000 E&O insurance with each paying $3,195 for a combined cost $6,390.  We were able to combine both inspectors onto one (1) policy that includes $1,000,000 in E&O and $1,000,000 in General Liability limits for a total annual premium of $3,300!  We were also able to provide retroactive coverage for each inspector. I confirmed with the State of NJ earlier this year that if there are multiple licensed inspectors working together for one company, they can purchase one policy as long as the policy limits are adequate based on the number of licensed inspectors.  The firm projects $210,000 in gross revenue for the next 12 months. The policy was paid in full upon binding.
 

Both of the policies mentioned above have several important coverages built into the policy, whereas other companies charge separately for.  The above-mentioned premiums include coverage for Wood Destroying Insects, Radon, Lead Paint and EIFS/Stucco.


We already have been able to help new inspectors, inspectors who have been in the business for just a few years and the most seasoned inspectors.

Your comments can be sent to ben@zolofrainsurance.com.

Ben


 


Rss_feed