Tag: insurance


Personal Liability Insurance: Do You Really Need It?

Personal liability insurance may protect you from financial disaster, but what are the odds you will ever have to use it? Do you really need personal liability insurance? 

Personal liability insurance protects all of your assets by paying claims and damages made against you in case you injure other people or other property.

The good news is that if you have auto, renters, or homeowners insurance, you already have some coverage.

If you hit someone with your car your auto liability insurance kicks in to pay for the damages to the car and the other person’s bodily injuries. If someone falls down your stairs and breaks their leg, or injures themselves in some other manner, your homeowners liability insurance will cover the medical bills. These are all, of course, up to a limit.

But what about everything else that is not covered by your home or auto insurance? Or the amount for which you are liable surpasses your covered amounts? This is where umbrella insurance can step in to cover the gaps that are not covered by your home and auto insurance.

If your limit on your homeowners insurance policy is only up to $500,000 and the accident which you caused leads to being a $1 million dollar lawsuit, you are going to be in trouble. About half-a-million dollars in trouble. An umbrella policy can cover that amount, but only after your home/auto insurance policy is tapped out.

This is one reason that umbrella insurance policies are inexpensive. And their price is one of the reasons you want to take advantage of an umbrella insurance policy and be covered for any possible accident.

Make sure that you are protected with the right umbrella insurance policy. Contact Abatelli Group, Inc. for a proper quote on your insurance needs.


End-of-the-Year Checklist for Small Businesses in Whitestone

As the end of the year winds down, small businesses in Whitestone need their owners now more than ever–make sure your business is ready for the new year. 

Before you go out and purchase your 2017 party hat and shades, make sure that you have your business taken care of. As a small business owner, you know there is a lot for you to do at the end of the year. Ensure you hit the ground running in 2017 by paying attention to your business accounting and IT. Here is what you need to do for your small business before we turn the final page of 2016 and start a new chapter in 2017.

  1. Analyze Your Cash Flow Statements
    You need to know how your money was spent throughout the year so you can restrict a little here and a little there. You want to take a look at the following three forms of your business’ cash flow:
    – Operating activities
    – Investing activities
    – Financial activities
  2. Run Standard Reports
    Use this time to review where your business stands financially and how that compares to your previous years and what that could mean for the future. You want to create a complete financial report–you can use an accounting software to do so.
  3. Back Up Your Data
    Make sure that all of your files (accounting, client files, creative briefs, emails, etc.) are backed up and secure. You should secure them on an external hard drive and on the cloud.
  4. Back Up Your Contacts
    Most of us simply store our contacts on a digital file and no longer use a phone book. But what if the disc on which your data is stored becomes corrupt? Your contacts are gone forever. Make a habit to write down your contacts or store them on the cloud.

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.

COVID-19 Update

We are no longer working remotely. You can reach us at (718) 352-6000 Letter to Policyholders