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3 COMMON MISTAKES EMPLOYERS MAKE REGARDING WORKERS’ COMPENSATION

[ 0 ] February 22, 2012
Copple InsuranceHere are four common mistakes made by employers that frequently deter their Workers Compensation savings:

1. Assuming that lower rates equate to lower costs. Don’t make the faulty assumption that your cost will go down automatically just because your rates have been reduced. Workers Compensation insurers use an experience modification factor to examine the actual losses incurred by the insured company and establish cost. The actual losses are compared with other companies in similar industries. If the insured company’s past losses are below average, then the insurer gives the company a credit rating lowering their premium, but an added surcharge is applied to the premium if the insured company’s past losses are above average.

2. Believing that employers have little control when it comes to the expense of Workers Compensation. Employers know they’ve got to have Workers Compensation insurance. However, this acknowledgment shouldn’t lead to an employer thinking they’ve got to pay excessively for it; employers don’t and shouldn’t. Cost reduction starts at the hiring process

3. Neglecting or de-emphasizing cost containment and injury management during low rate periods. Safety should be an unyielding focus at all times. This will not only help a company reduce their claim numbers, but also keep their rates low over the long term. Employers need to keep an eye on the issues that frequently impact the costs of claims, such as medical care costs and lost wages. Also, remember that open claims mean escalating costs and negative impacts to the company’s modification factor. Of course, this causes an increased cost for coverage.

Please Contact Us now or follow us on Facebook.

Copple Insurance Agency, Inc.
Phone: 402-475-3213
Fax:   402-475-6842
1640 L Street, Suite A
Lincoln, Nebraska 68508
eMail:arnie@coppleinsurance.com

 

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DECIDING ON SEPARATE RENTAL CAR COVERAGE

[ 0 ] February 21, 2012
Copple InsuranceInsuring a rental car is a process that confuses nearly everyone. Most people don’t consider this type of insurance until the issue is brought up by a sales representative at the checkout counter. Although rental insurance might sound like a good idea, it’s important to know what is covered and what kind of coverage might already exist before purchasing it. It’s best to call an agent and a credit card company before purchasing rental car coverage.

When calling the insurance company, ask how much coverage exists for a current vehicle. If the rental car is used for recreation, the same deductibles and coverage held on a personal vehicle usually apply to a rental car. If the car is used for business purposes, the same coverage doesn’t exist. Vehicle owners who drop their collision or comprehensive coverage to save money are not covered if the rental vehicle is damaged in an accident or stolen. It’s important to ask if an insurance company covers administrative fees, towing charges and loss of use for a vehicle. There are several insurance companies that offer riders for such coverage, which makes it less expensive to purchase coverage from the rental car company. However, it’s important to remember that diminished value isn’t covered by insurers in many states.

Please Contact Us now or follow us on Facebook.

Copple Insurance Agency, Inc.
Phone: 402-475-3213
Fax:   402-475-6842
1640 L Street, Suite A
Lincoln, Nebraska 68508
eMail:arnie@coppleinsurance.com

 

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Electrical Fires: How You Can Stay On Top

[ 0 ] February 17, 2012

Copple InsuranceDefective electrical wiring systems cause approximately 40,000 residential fires annually, according to a United States Consumer Product Safety Commission (CPSC) study. In addition, electric cords and plugs are involved in about 7,000 fires annually. The National Electrical Safety Foundation offers numerous tips to safeguard the home against electrical fire and related losses, including the following. Verify that outlets and extension cords are not overloaded. Examine electrical cords to ensure they are not frayed, damaged, or placed under rugs or carpets.

Verify that the proper wattage bulbs are being used in light fixtures and lamps.

Consider installing ground fault circuit interrupters (GFCI) in bathrooms, utility rooms, and kitchens. This device protects people against electrocution by shutting down the electrical system if it detects any imbalance in the electricity.

Take steps to safeguard electrical appliances from power surges. A power surge is a sudden rise of current or voltage in an electrical circuit that can last up to several seconds and can ruin electrical appliances and equipment, such as computers. Note that computer chips are now in many of the appliances you plug in. You can purchase surge protection devices to safeguard against this problem.

Please Contact Us now or follow us on Facebook.

Copple Insurance Agency, Inc.
Phone: 402-475-3213
Fax:   402-475-6842
1640 L Street, Suite A
Lincoln, Nebraska 68508
eMail:arnie@coppleinsurance.com

 

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Is Your Key Man Protected?

[ 0 ] February 15, 2012
Copple InsuranceA key person is not only yourself, but also an employee or contractor whose skills and expertise are essential to the functioning and profitability of your business. You and your key people face the risk of major illness, disablement and even death, which can have a serious impact on your business.

By protecting yourself with insurance and insuring your key people – whereby the company is the owner of the policy – if you or they should die or become disabled, this protection helps your business survive.

Copple Insurance has been showing companies, like yours, how to safeguard against the possibility that a key person becomes ill, commits a crime or disappears. It happens, and you can be prepared.

Please Contact Us now or follow us on Facebook.

Copple Insurance Agency, Inc.
Phone: 402-475-3213
Fax:   402-475-6842
1640 L Street, Suite A
Lincoln, Nebraska 68508
eMail:arnie@coppleinsurance.com

 

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5 Items You Need to Make an Auto Insurance Claim

[ 0 ] February 13, 2012
Copple Insurance1. Who did I have an accident with? Be sure to get complete information from the other party(ies) involved. This means copying down their address, driver’s license number, date of birth and phone number.  In addition, obtain their insurance information including, the company, policy number, agent if there is one, the policy begin and expiration date and their phone number.

2. Were there any witnesses? Was there anyone who saw the accident happen? You want to make sure that you get information from anyone who saw the accident. This will assist the insurance companies to determine who is liable for the accident.

3. Were the police called? If the police were called or showed up, make sure to get the name and badge number of the officer and a report number.

4. What kind of vehicle or vehicles was involved in this accident? You want to make sure that you get the vehicle year, make and model, the license plate number, and VIN number for each vehicle involved. Copple Insurance Agency knows that when an accident happens it’s hard to think straight. Just stay calm and try and remember everything you need to make a complete claim.

5. Where did this happen? Get the intersection or street that the accident happened on. Also, you want to make sure that you know how many lanes are on each side of the street, if the street or streets are 1 way or 2 way, the type of striping on the pavement within 100 feet each direction of the loss, i.e. is it a solid, double yellow line, a white line, etc. Also, you want to know where each vehicle impacted, what lane you and the other car were driving in just before the accident, the direction of travel for each vehicle, and if there were any signs posted that control traffic flow.

Please Contact Us now or follow us on Facebook.

Copple Insurance Agency, Inc.
Phone: 402-475-3213
Fax:   402-475-6842
1640 L Street, Suite A
Lincoln, Nebraska 68508
eMail:arnie@coppleinsurance.com

 


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Your Vehicle Affects Your Premium

[ 0 ] February 3, 2012
Copple InsuranceYou might want a sports car or a fancy SUV, but your insurance company may charge you more to protect you while driving it.

Insurance premiums are based partly on the price of the vehicle, which affects the replacement cost if it is stolen or “totaled” in an accident. How expensive the vehicle is to repair — including parts and labor — can also affect the cost. In addition, surcharges may apply to vehicles that are frequently stolen or involved in accidents.

If you have your heart set on a sporty vehicle, you’ll probably pay dearly. Insuring a high-performance car can easily cost two or three times the insurance amount for an ordinary model. Sport-utility vehicles often have higher insurance rates than mid- and full-size cars, but some SUV models are relatively cheap to insure. They are among the most frequently stolen vehicles, and they are more expensive than most cars.

However, insurance companies set rates based on their own experience. If Company A has more collision and theft claims for a particular vehicle than Company B, then A will charge more for the same coverage. It all boils down to a company’s actual experience with a particular vehicle or category of drivers.

Please Contact Us now or follow us on Facebook.

Copple Insurance Agency, Inc.
Phone: 402-475-3213
Fax:   402-475-6842
1640 L Street, Suite A
Lincoln, Nebraska 68508
eMail:arnie@coppleinsurance.com

 

 

 

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Do I really need it?

[ 0 ] February 1, 2012
Copple InsuranceAs a business owner, you need the same kinds of insurance coverages for the car you use in your business as you do for a car used for personal travel — liability, collision and comprehensive, medical payments (known as personal injury protection in some states) and coverage for uninsured motorists. In fact, many business people use the same vehicle for both business and pleasure. If the vehicle is owned by the business, make sure the name of the business appears on the policy as the “principal insured” rather than your name. This will avoid possible confusion in the event that you need to file a claim or a claim is filed against you. Whether you need to buy a Business Auto insurance policy will depend on the kind of driving you do.

While the major coverages are the same, a business auto policy differs from a personal auto policy in many technical respects. Ask your insurance agent to explain all the differences and options. If you have a personal umbrella liability policy, there’s generally an exclusion for business-related liability. Make sure you have sufficient auto liability coverage.

This is insurance for Commercial Auto risks against legal liability, damage to vehicles, medical expenses, loss from uninsured motorists, and personal injury protection or other equivalent no-fault coverage.

Please Contact Us now or follow us on Facebook.

Copple Insurance Agency, Inc.
Phone: 402-475-3213
Fax:   402-475-6842
1640 L Street, Suite A
Lincoln, Nebraska 68508
eMail:arnie@coppleinsurance.com

 

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[ 0 ] January 30, 2012

Copple InsuranceDisability insurance is priced according to the elimination period, benefit period, age, occupational class, and benefit amount.  It can aid employees by providing a valuable benefit of disability protection.  It is available through an employer or from private insurers.  It is poorly understood, but as vital a coverage as life insurance.  Disability insurance is a decisive type of insurance. Come to Copple Insurance for all your question and concerns.

Please Contact Us now or follow us on Facebook.

Copple Insurance Agency, Inc.
Phone: 402-475-3213
Fax:   402-475-6842
1640 L Street, Suite A
Lincoln, Nebraska 68508
eMail:arnie@coppleinsurance.com

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Copple Insurance – Happy Customer Program

[ 0 ] January 25, 2012

Happy Customer program sees to the bond between the Copple Insurance and Customer. Customers’ satisfaction boosts our service and helps us to learn your needs and desires so that Copple Insurance can tailor your product and service to better meet your demands.

We invite you to participate in our Happy Customer Survey.

Copple Insurance Agency, Inc.

Phone: 402-475-3213

Fax: 402-475-6842

1640 L Street, Suite A

Lincoln, Nebraska 68508

eMail:arnie@coppleinsurance.com

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Arnie Johansen

[ 0 ] January 23, 2012

arnieArnie graduated from the University of Nebraska at Kearney (UNK) in 1970 with a Bachelor of Science degree in Business Administration.   He served three years as an infantry officer in United States Marine Corps then returned to Kearney, Nebraska where he began his career as an independent insurance agent.   He joined Copple Insurance in 1986.   Arnie is a Chartered Property Casualty Underwriter, Associate in Risk Management, an Accredited Adviser in Insurance and he taught insurance at the University of Nebraska at Kearney for several years.  He is a past president of the Independent Insurance Agents & Brokers of Nebraska and the Independent Insurance Agents of Lincoln.   He has also served on Chamber of Commerce committees and is a member of the First United Methodist Church of Lincoln.

Copple Insurance Agency, Inc.
402/475-3213 Phone
402/475-6842 Fax
1640 L Street, Suite A
Lincoln, NE 68508

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