May 2017

When the situation entails your homeowners insurance policy, ensure that you make no assumptions to avoid misunderstandings. 

Home insurance has very specific and unique vocabulary that can make understanding it fairly difficult. Policies can vary to fit the needs and budget of every policy holder, so coverage can vary widely between policies. If you have never read your policy from cover to cover, it’s recommended you set aside some time and do so. Here are a few tips on what to look for when you review your home insurance at renewal.

1. Structure – Some people only cover their homes to satisfy the mortgage debt. But what should happen if your entire home is destroyed to a crisp? You should have enough coverage to completely rebuild your home from scratch. You have to remember the cost of clean-up, raw materials, and construction.
2. Liability – If someone is injured on your property, the medical bills alone can surpass your liability coverage. Your home comes with a certain risk, but it can go up if you have “attractive nuisances.” Things like pools, trampolines, dogs, and other fun things, you may need extra liability to cover your increased risk.
3. Contents – Your things need to be protected, and a homeowners insurance policy does just that. Contents coverage usually goes for about 50 to 70 percent of the amount of coverage you have. So, for example, if you have $200,000 in coverage you will receive $100,000 to $140,000 for your things.
   You have to review your contents coverage if you made any recent upgrades, home improvements, or recent costly purchases like new kitchen, HVAC systems, et cetera.

When it comes to your homeowners insurance, make sure that you’re protected for everything you need. Make sure that your home is protected with the right home insurance policy. Contact Abatelli Group, Inc. for a proper policy on your insurance needs.

If you are a small business, take these tips into consideration if you want to keep your best and brightest employees and have high employee retention. 

Great employees are the lifeblood of any business, but employers are the heart that pumps this blood which makes their business succeed. Losing employees is a concern for any small business because it costs them not only money, but time and productivity. For small companies, keeping the productive and hard-working employees is crucial. Here are a few tips on how employers can have high employee retention for their business.

1. Stay Competetive. Stay Creative.
   Beating the salary of a bigger company may be difficult, but you can keep your employees by staying competitive and creative. Offer bonuses for a job well done. Additionally, you can offer flexible schedules, work from home days, extra vacation days, et cetera.
2. Acknowledge Achievement
   No one likes to feel ignored. Be sure to acknowledge your employees so they feel appreciated and part of the team. Even something simple like sending your employees “You are doing an awesome job!” can make all the difference. This goes double if you have Millennials working for you, who feed off acknowledgment.
3. Listen to Your Employees
   You can’t know what your employees need if you don’t listen. Regularly ask your employees what they need and want from their jobs as well as the company. Don’t wait until it’s too late because by then, your best employees will have surely left.

Take these employee retention tips into consideration in order to keep your best employees. Make sure that your small business is protected with the right commercial insurance policy. Contact Abatelli Group, Inc. for a proper policy on your insurance needs.