Archive for Duncan Financial Group

Employee Spotlight: Kim Smith

Kim email sig

From the July Newsletter- Employee Spotlight: Kim Smith

Kim Smith has been in the insurance industry since 1984. Three years ago, she brought her extensive knowledge and expertise to Duncan Financial Group, where she’s been a valuable asset ever since. Kim is a Personal Insurance Account Manager with a CISR designation, which helps her make it all work together for her clients. Communicating and interacting with clients is all in a day’s work for Kim, and she wouldn’t have it any other way. Whether it is over the phone or face-to-face, her dedication and commitment to the well-being of her clients is what helps her thrive.

Kim says one of the most enjoyable things about being part of the Duncan Financial Group Team are the individuals she works with on a daily basis. She says that her co-workers’ hard work and willingness to support others in the department creates an exceptional work environment. If she has a question or needs a helping hand, she knows she can depend on her co-workers to have her back.

Despite her busy work schedule, Kim still finds time to relax with her family. On the weekends, this mother of two and a grandmother, plans family trips to new and exciting locations. One of her favorite places to visit is Myrtle Beach. This beloved vacation spot is close to Kim’s heart, as it was where she and her husband of 34 years spent their first vacation together. Family is the most important thing to Kim, so when she is not thinking of a beach getaway, she dreams about visiting her grandson in Germany. Kim finds a way to integrate her family into every aspect of her life, even her hobbies. She and her daughter both share a love for ceramics. She delights in making ceramic Christmas pieces and gifts for her friends and family. She and her daughter even make center pieces and candle holders for her daughter’s home.

Kim makes an impact in the lives of her family and her co-workers every day, and Duncan Financial Group is proud to have her as an outstanding member of the team.

Take Control of Your Workers’ Comp Expenses

duncan-workers-compensation-card-REV-1

Duncan Financial Group will be hosting a Workers’ Compensation seminar and complimentary luncheon at Oakmont Country Club on Wednesday, Feb. 19, 2014. CEO’s, CFO’s, HR Managers and Workers’ Comp administrators are encouraged to attend.

Join us to learn some of the invaluable truths of Workers’ Compensation, including a BONUS SESSION, “Understanding the Possible Financial Benefits of Insurance Captives.”

Seminar Details:
Oakmont Country Club
1233 Hulton Road
Oakmont, PA 15139

Schedule:
11 – 11:30 a.m. – Registration and Lunch

Featured Speaker: David R. Leng, CPCU, CIC, CBWA, CRM, and Instructor at the Institute of WorkComp Professionals

11:30 – 1p.m. – Workers’ Compensation

1 – 2p.m. – BONUS SESSION: “Understanding the Possible Financial Benefits of Insurance Captives”

  • How you can reduce your rates
  • Why you might be paying more than expected
  • How to reduce overcharges
  • Understanding your experience modifier
  • Are there better ways to insure your company?

To reserve your seat, please contact Brooke Fornalczyk by Wednesday, Feb. 12, via e-mail at bfornalczyk@duncangrp.com, or by phone at (724) 863-3420 x3315.

 

Securities offered through Registered Representatives of Cambridge Investment Research, Inc., a Broker/dealer, Member FINRA/SIPC Investment advisory services offered through Investment Advisor Representatives of Cambridge Investment Advisors, Inc., a Registered Investment Advisor. Cambridge and Duncan Financial Group, LLC and its subsidiaries are separate entities.”

100342

Tax Season is Here…Duncan Can Help!

Tax & Accounting Email Banner

ATTENTION NEW TAX CLIENTS!

Don’t let tax season be a burden. Duncan Financial Group’s team of qualified professionals are ready to prepare your 2013 Income Tax Return. New tax clients will receive 20% off preparation of income tax return (minimum fee of $250). Please bring the coupon in this post to your appointment. tax-coupon

Receive fast, accurate and professional income tax services by CPAs and Enrolled Agents.

To learn more, call Duncan Financial Group today at 724-863-3412.

Insurance Companies Pay Out Big for Dog Bites

Duncan Financial GroupInsurance companies shelled out $479 million to pay for dog bites last year, up from $413 million in 2010.

One company alone, State Farm, paid more than $109 million in Homeowner claims related to bites. California – which has more people and dogs than any other state – led the nation with 527 State Farm claims costing more than $20 million, followed by Illinois, Texas, and Ohio. The nationwide average claim was $28,800.

Dogs bite some 4.7 million Americans a year, nearly half of them children, Nearly 400,000 of these bites require medical treatment – and an average of 16 result in death.

Children age 5 to 9 are the group most likely to be bitten. The ASPCA predicts that one of every two children in the U.S. will suffer a dog bite before he or she turns 12, in most cases by their own dog or a pooch owned by a friend or neighbor. Seniors are the next most vulnerable group, followed by mail carriers. Dogs bit some 5,600 USPS carriers in each of each of the past two years, costing the Postal Service more than $1 million worth of medical bills in 2011.

Heredity, socialization, training, physical condition, and activities of humans can all affect the animal’s propensity to bite. Because children are by far the group most vulnerable to dog bites (a child is 900 times more likely to be attacked than a letter carrier) the ASPCA recommends that youngsters should never:

  • Maintain eye contact with a dog
  • Go near a chained canine
  • Approach or touch a dog who is eating, sleeping, or off-leash
  • Scream or run if an off-leash dog approaches
  • Pet a dog without asking its caregiver for permission (it’s wise to have the animal sniff your closed hand first – many dogs perceive an open hand as threatening)
  • Approach a dog from above its eye level
For more information on protecting yourself and others from possible liability, contact Duncan Financial Group and ask about reviewing your Homeowners Policy or getting Umbrella Coverage to cover the possibility of dog bites–even if they are accidental!

Teen Drinking = Insurance Issues

Duncan Financial GroupSummertime is no school time for teenagers and parents taking vacation, leaving their children unsupervised. Unfortunately, these events often become occasions for teens to drink alcohol. Teens at unsupervised parties risk harming themselves and others when they drink. Parents who host these parties might bear responsibility for what happens there and for injuries or damages occurring after the guests leave. Although their Liability insurance might cover any financial damages, the circumstances of the accident determine which policy will respond, and this will affect how much coverage the parents have.

Assume that a guest consumes several beers at the party, drives off in his car, and gets into an accident, injuring himself and a passenger. The parents of both injured teens sue the parents who hosted the party, who in turn notify their Homeowners insurance company. However, the policy’s personal liability coverage does not apply to an insured person’s legal liability for:

  • The occupancy, operation, or use of a motor vehicle by any person
  • The entrustment of a motor vehicle by the insured person to anyone else
  • The insured person’s failure to supervise or negligent supervision of any person using a motor vehicle
  • The actions of a minor involving a motor vehicle.

Because of this, the Homeowners policy will not cover the parents’ liability or defense costs. Their Personal Auto insurance policy might cover them, however. The policy’s liability insurance covers the individuals named on the policy and household residents who are their relatives for their liability for bodily injury from an accident arising out of the use of any auto. Therefore, even though the parents were not actually operating the vehicle involved in the accident, their policy will cover their liability. In addition, the auto policy that applies to the car involved in the accident (the guest’s insurance, or, more likely, his parents’) will also cover the hosts’ liability for the passenger’s injuries. The hosts’ policy will step in if the owners’ policy either does not apply or pays out its maximum limit of insurance.

Now assume that the guest consumes the beer, but a sober guest gives him a ride home. Rather than go straight to bed, the young man goes for a swim in his parents’ pool and drowns. His parents sue the hosts, alleging that his judgment was impaired because the hosts allowed him to drink. In this situation, the homeowner’s policy should pay for the hosts’ liability and legal defense. Because this accident did not involve a motor vehicle, and no other policy provisions that would remove coverage apply, the policy will cover this claim.

Although one policy or the other might apply to a liquor liability claim, there could be significant differences between the amounts of coverage the two policies provide. Most homeowner’s policies provide personal liability coverage of at least $100,000 for each occurrence; many provide limits of $300,000 or $500,000. Auto policies might provide much less coverage. Most states have laws setting the minimum amounts of liability coverage that an auto policy might provide, but those limits are relatively small. For example, New York law requires minimum limits of $25,000 for injuries to one person and $50,000 for injuries to two or more people (higher amounts apply for death claims.) Should a young person become seriously injured or killed, the damages claimed could well exceed these amounts. Parents should consider buying as much liability insurance as they can afford; they should also think about buying an umbrella policy, which pays for damages that surpass the amounts payable under homeowner’s and auto policies.

Of course, the best course of action is to properly supervise parties, so that everyone has a good time and lives to have another one someday.

For more information on y0ur Auto or Homeowners Policy, contact Duncan Financial Group today!

What is Homeowners Insurance?

Duncan Financial Group

Homeowners insurance is an insurance policy that protects you financially in the event that your home and property is damaged in a covered peril, or in the event of a covered lawsuit.

Perils that are typically covered by a standard home insurance policy include fire, wind, lightning, hail and theft. While no one plans on losing their home or possessions to any of these perils, it unfortunately happens every day. Ask yourself this: If your home was ever destroyed in a fire, for example, how would you pay to rebuild your home? That’s where your homeowners insurance comes in.

Homeowners insurance protects the investment you have made in your home by providing you with coverage for specific hazards.

But your home insurance doesn’t stop there. In the event that someone was filing a lawsuit against you for accidental damage you caused to their property, how would you pay for the costly legal fees? Standard homeowners insurance also contains liability coverage that protects you and your family against lawsuits where another party finds you liable for damage to their property or person.

For more information please contact us at (724) 863-3420

Cover Yourself With an Umbrella

3In today’s “litigation culture,” with million-dollar legal settlements all too common, anyone – including you and your family – could easily face ruin from a lawsuit, whether serious or frivolous. Even if you won, you’d be out thousands of dollars in defense costs.

A Personal Liability Umbrella can help ensure financial peace of mind by providing coverage up to an amount you’ve selected over and above the Liability limits under your Auto or Homeowners policy. Insurance companies often set minimum limits for Umbrella coverage. If you’re sued, the bulk of the settlement will come from your HO or Auto policy, with the Umbrella picking up the rest. Bear in mind that many insurers will only offer this coverage if they write both your HO and Auto insurance.

An Umbrella policy also extends coverage for you (and your family and pets) beyond basic bodily injury and property damage to personal injury, property damage, or bodily injury from a variety of exposures ranging from false arrest and defamation to invasion of privacy and wrongful entry. For example, Umbrella coverage would make sense if you own a dog that might snap or bite, or have one or more “attractive nuisances” (such as a hot tub, swimming pool, or swing set), and like to invite guests on a regular basis.

Depending on your situation, you might consider alternatives to an Umbrella policy, such as increasing Liability limits. Also remember that Umbrella coverages vary from state to state. For example, many policies won’t cover claims for punitive damages, intentional acts, or activities related to business.

To make the best choice and make sure that you understand Umbrella coverage and any loopholes and exclusions, be sure to check with our insurance professionals.

For more information on protecting your gaps with an Umbrella Policy, contact Duncan Financial Group today!

Meet David R. Leng

David LengDavid R. Leng, Vice President of Duncan Insurance Group, a division of Duncan Financial Group, LLC is a 20+ year Risk Management veteran.  His professional credentials include recognition as a Chartered Property Casualty Underwriter, Certified Insurance Counselor, Certified Risk Manager and Certified WorkComp Advisor.  David is also the Co-Founder of Keystone CompControl, and recently became an instructor for the Institute of WorkComp Professionals in 2010.  David graduated from the Pennsylvania State University earning a B.S. in Risk Management and Insurance.

To contact David Leng, please call 724-863-3420, ext. 3329 or email him at dleng@duncangrp.com.

Using an Umbrella to Cover Gaps in Coverage

In today’s “litigation culture,” with million-dollar legal settlements all too common, anyone – including you and your family – could easily face ruin from a lawsuit, whether serious or frivolous. Even if you won, you’d be out thousands of dollars in defense costs.

A Personal Liability Umbrella can help ensure financial peace of mind by providing coverage up to an amount you’ve selected over and above the Liability limits under your Auto or Homeowners policy. Insurance companies often set minimum limits for Umbrella coverage. If you’re sued, the bulk of the settlement will come from your Homeowners Policy or Auto policy, with the Umbrella picking up the rest. Bear in mind that many insurers will only offer this coverage if they write both your Homeowners and Auto insurance.

An Umbrella policy also extends coverage for you (and your family and pets) beyond basic bodily injury and property damage to personal injury, property damage, or bodily injury from a variety of exposures ranging from false arrest and defamation to invasion of privacy and wrongful entry. For example, Umbrella coverage would make sense if you own a dog that might snap or bite, or have one or more “attractive nuisances” (such as a hot tub, swimming pool, or swing set), and like to invite guests on a regular basis.

Depending on your situation, you might consider alternatives to an Umbrella policy, such as increasing Liability limits or raising your deductible under your HO or Auto policies. Also remember that Umbrella coverages vary from state to state. For example, many policies won’t cover claims for punitive damages, intentional acts, or activities related to business.

To make the best choice and make sure that you understand umbrella coverage and any loopholes and exclusions, be sure to check with one of our Duncan Financial Group representatives at (724) 863-3420

Don’t Get Caught in Life’s Little Maze

Here at Duncan Financial  we are your expert guides through these little mazes. When it comes to your Insurance Policies you want and insurance expert as a guide to ensure you are completely protected. For a free quote simply give us a call at (724) 863-3420.