Author: sch43yt9824huilb

Audits

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Audits

PART I

Congratulations! You’ve just landed a major supply contract that will drive your sales up by 40% over last year! More congratulations from your insurance company! You’ve just caused your General Liability premiums to go up by 25%, because it’s rated on your gross annual sales!

Is this ‘fair’? We don’t think so. Chances are, the loss exposures haven’t increased all that dramatically. Why should success be penalized?

The Solution – premiums for the General Liability Policy available through the Marble, Stone and Tile Insurance Connection are rated on a fixed amount of property – – so even if your sales go up, your costs remain constant.

PART II

Many Ocean Marine policies require that you keep records of each shipment, and submit them to the insurance company each month so they can ‘track’ your activity and premium usage.

Do you have the time to keep and file such records? Even insurance companies don’t have the personnel to track and bill reports under this antiquated process.

The Solution – premiums for the available Ocean Marine Policy are rated against your gross sales – – an up-front deposit is based on estimated sales, and premiums are adjusted at the end of the year using your actual sales figure. The above examples are based on certain assumptions and are for reference only. However, don’t make assumptions when it comes to your business. Let mystic take the mystery out of your insurance program.

Some “Hard” Facts About Insurance

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Some “Hard” Facts About Insurance

Question: What is one of the hardest substances known?
Answer: Diamonds – created by great pressure; changed from coal into clarity.

Question: What is one of the hardest things to do?
Answer: Change – whether under great pressure or not, sometimes it’s hard to perceive benefits with clarity.

How can you get a ‘gem’ of an insurance policy, and pocket much more than spare ‘change’?

By making sure that your insurance premiums are working as hard as possible. The Marble, Stone and Tile Insurance Program was built for companies like yours. It can help protect all your assets through broader coverage with lower up-front costs, provide a better return on claims payments, and pay your sales prices, insuring your profits as well.

Don’t settle for a diamond in the rough. Have your policies appraised by the experts. For crystal-clear insight, call Marc Rosenkrantz of

Schechner Lifson Corp.
4 Chatham Road
Summit, NJ 07901
800-475-0826 in NJ or 800-279-9360 (everywhere else)

Turning Shavings Into Savings

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Turning Shavings Into Savings

“Sharpen your pencil”. Sometimes, that’s what buyers tell their insurance agents after receiving a better proposal from us. It’s tough being a benchmark, and we wonder why our prospects would want to work with someone who has to be told to do a better job.

When you get a quote under the Marble, Stone and Tile Insurance Connection, you can be assured that we’ve ‘taken the lead out’ of our pencils. We only refine our numbers if your exposures have changed.

The difference between ‘carved in stone’ and a ‘penciled-in job’

Make sure your insurance agent works as hard as you do. The Marble, Stone and Tile Insurance Program was built for companies like yours. It can help protect all your assets through broader coverage with lower up-front costs, provide a better return on claims payments, and pay your sales prices, insuring your profits as well.

Get more service from a service industry, without having to provide a hard target to your agent. Need assistance? Call Marc Rosenkrantz of

Schechner Lifson Corp.
4 Chatham Road
Summit, NJ 07901
800-475-0826 in NJ or 800-279-9360 (everywhere else)

An Argument Against Gambling

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“We haven’t lost a container in ten years”.

That’s what we hear sometimes when prospects or clients decline insurance for their imported goods while in transit on the ocean. With a 20-footer averaging $25,000 to $50,000 (and often higher), some importers feel it’s cheaper to absorb that rare loss than to purchase a policy covering all shipments. Are you overdue for a loss?

“We get our coverage through our freight forwarder/ broker/shipper (circle one)”

Most importers who rely upon someone else’s policy to cover their goods end up paying way too much for this convenience. They end up insuring their costs only, and get no protection for their profit on the goods.

Don’t gamble – understand the risks and rewards

The more you ship, the greater the odds are of losing a box or two. The more you use someone else’s policy, the more you will pay to reduce your loss. If you sell $2,500,000 of imported goods, your own policy would start at as little as $3,750 for a year’s coverage. Ten years of insurance costs less than the average container. Sound rewarding?

Make sure your insurance works as hard as you do. The Marble, Stone and Tile Insurance Program was built for companies like yours. It can help protect all your assets through broader coverage with lower up-front costs, provide a better return on claims payments, and insure your profits, paying your sales price.

We also have competitive ideas for insuring Inventory, General Liability, Workers Comp, Vehicles, and all owned or leased property. Health, Life and 401(k) plans available, too.

Smart risk managers bet with the house, instead of using theirs as collateral. Need assistance? Call Marc Rosenkrantz of Schechner Lifson Corp.

4 Chatham Road
Summit, NJ 07901
800-475-0826 in NJ or 800-279-9360 (everywhere else)