Blog

Did You Know – You Can Add Coverage to Your Auto Policy to Cover Uninsured or Underinsured Drivers

Did You Know… You can add coverage to your auto insurance policy to cover you if you’re in an accident with an uninsured or underinsured driver. Getting into a car accident is an incredibly stressful event. And getting into a car accident with an uninsured or underinsured motorist can send your stress levels straight through … Continue reading Did You Know – You Can Add Coverage to Your Auto Policy to Cover Uninsured or Underinsured Drivers

A Closer Look at OCIP and CCIP Insurance

Patti Maluchnik, CIC, CBIA Georgetown Insurance Service, Inc. Frederick, MD   In the construction industry, Owner-Controlled Insurance Programs (OCIPs) and Contractor-Controlled Insurance Programs (CCIPs) – also commonly referred to as “Wrap-Up” or “Wrapped” insurance plans –  have caused increasing confusion in recent years. The concept of these programs involves the project owner (OCIP) or prime … Continue reading A Closer Look at OCIP and CCIP Insurance

Insurance Tip: Why It’s Critical for Your Contractors and Vendors to Be Licensed & Insured

Are you thinking of renovating an old kitchen, installing a hot tub or building an in-law suite? While it might seem enticing and budget-friendly to DIY or hire an (unlicensed) friend to help with these projects, when it comes to home maintenance, the cheapest routes are usually not the safest. Many people don’t understand the … Continue reading Insurance Tip: Why It’s Critical for Your Contractors and Vendors to Be Licensed & Insured

Insurance Tip: Have an Older Vehicle? You Could Save Money by Dropping Collision

Everyone’s always looking to save money on their car insurance. Although having collision coverage isn’t required by law, if you have a car loan or are leasing a vehicle, your lending institution will likely require both collision and comprehensive coverage. But what if you have older vehicle(s) that are fully paid off? Collision insurance coverage … Continue reading Insurance Tip: Have an Older Vehicle? You Could Save Money by Dropping Collision

Benefits of Fleet Management Systems

By Joseph Lalla, Account Executive Georgetown Insurance Service, Inc. Silver Spring, MD   Your fleet of vehicles is a critical component of your business. And for some companies, their fleet is the heart of their business. Fleet management systems can help you keep track of and manage commercial vehicles such as cars, trucks, vans, heavy … Continue reading Benefits of Fleet Management Systems

Did You Know – Life Insurance

Did you know… Among those individuals with life insurance, about 1 in 5 say that they don’t have enough. While approximately 60 percent of all people in the United States were covered by some type of life insurance in 2018, many consumers are still confused about the types of life insurance – and how much … Continue reading Did You Know – Life Insurance

Insurance Coverage: Water Damage v. Flood Damage

By Remmie Butchko, CIC Georgetown Insurance Service, Inc. Silver Spring, MD   There is often confusion over Property Insurance losses that involve water damage. For many property owners, flood damage and water damage get lumped into the same bucket. Basically, “my stuff got drenched and now it is a mess (or even destroyed).”  But in … Continue reading Insurance Coverage: Water Damage v. Flood Damage

Business Interruption Insurance – Common Considerations & Oversights

Remmie Butchko, CIC Georgetown Insurance Service, Inc. Silver Spring, MD   When it comes to building an effective business insurance program, a very important consideration is the determination of Business Interruption (BI) Insurance, also commonly known as Business Income and Extra Expense Coverage. Determining an adequate limit of insurance for BI is exceptionally challenging because … Continue reading Business Interruption Insurance – Common Considerations & Oversights