Author Archive for: ‘admin’

TDC Risk Management Announces Partnership with Highline Insurance

FOR IMMEDIATE RELEASE  Contact: Jim Schwarzkopf, Principal 419-794-4724    TDC Risk Management Announces Partnership with Highline Insurance  TDC Risk Management, a Maumee, Ohio-based risk management firm is pleased to announce its partnership with Highline Insurance, a California-based insurance company.  Highline Insurance is an independent property and casualty insurance agency based in Carlsbad, California, led by Ryan Barker, who has …

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Claim of the Month: Breakdown of Critical Home Equipment

A home automation system broke down when the controller overheated and shorted out.  The original components and wiring were not compatible with the new equipment; a wireless replacement system had to be installed. Cost to install the new system: $63,239     Amount covered by a homeowner's policy without Equipment Breakdown coverage: $0   Critical home equipment repairs and replacements can be very costly. Typically there is no need to …

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CIS of the Month: Reducing Contents Limit Reduces Costs

Our client had both a primary and seasonal home each with replacment costs of $5mil.  The contents limit carried was 70% of each dwelling limit.  With the help of the client, we determined that 50% was adequate at the primary home and 10% at the secondary.  This change eliminated more than $4,000,000 of over-insurance, while reducing the overall cost of …

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Theme of the Month: Staying Safe During the Holidays

During the Holiday seasons, there are numerous risks home owners will encounter, including the purchase and care for a Christmas tree. Purchasing and caring for a live tree in the house is a great tradition many families pass down through the generations, but caring for that tree properly is something that's sometimes overlooked.  If a Christmas tree catches fire it …

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Theme of the Month: Back to School

With the cost of college growing, so are the risks associated with it. Making sure you have the proper insurance coverage in place can make all the difference. There are a number of small things a parent can do that can take away major headaches down the road. This includes the auto policy the student is listed under as well …

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CIS of the Month: College Students: To Purchase Renter’s Insurance or Not?

Recently a client came to us about purchasing a renters policy for their son getting ready to move into an off-campus house away at college. After looking at our client's renters policy, we advised them that they did not need to purchase a renters policy because their son and his possessions would already be covered because their policy automatically extends …

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Claim of the Month: Uninsured Liability Protection

A recently promoted, young CEO was looking forward to many prosperous years with his family.  While en route to his daughter's soccer game, he was rear-ended by another driver.  The vehicle rolled over when he lost control of it.  Tragically, he sustained fatal injuries. The driver who caused the accident had policy limits of only $25,000 – not nearly enough …

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CIS of the Month: Saving Thousands on Your Guest Home

Our client recently built a large guest home adjacent to his primary home. Accordingly, he called us to report a certificate of occupancy was received and that he needed another homeowner's policy. After his probing service professional found that both homes shared the same address, we were able to cover the entire guest home by slightly raising the Other Structures …

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Theme of the Month: 4 Less Obvious Provisions that Impact Professional Liability for CPAs

No accounting firm is immune to the increased exposure to litigation due to changing tax codes, auditing standards, and the economic environment. A firm’s best protection is an E & O policy with terms negotiated in its favor.  Some terms are fairly obvious like limits and deductibles, but the devil is in the details.  Here are some thoughts on four …

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Claim of the Month: Christmas Diamonds

It was when our client lost her brand-new diamond bracelet that she realized it was never scheduled on the insurance policy. She thought the only option was reporting it under the homeowner's policy, but the $5,000 deductible exceeded the bracelet's value. When she called to schedule the replacement bracelet she told us the story. Aware that our carriers provide full coverage …

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