"Our mission is to create peace of mind and build enduring relationships."
Bob Lancaster Insurance's mission statement is the core of our culture. Our customers always come first, and we strive to provide them with the products and service that best respond to their needs. Building trust and fostering loyal, long-lasting relationships are the essence of who we are and fundamental parts of our company values.
Putting our mission statement to work
Our employees work hard to connect with our customers on a very real and personal level. Find out what Bob Lancaster’s mission means to them and how they carry it out every day.
Bob Lancaster Insurance, serving Florida's insurance needs since 1964. Contact us today at 321-725-1620 - see what we can do for YOU and YOUR BUSINESS!
Friday, July 26, 2013
Thursday, July 25, 2013
What is a Credit-Based Insurance Score and Why Does it Matter?
Your credit-based insurance scores is not the same as your personal credit score, nor is it a measure of your credit worthiness. The credit-based insurance scores is a number that measures your likelihood of having an insurance claim. Studies have shown that consumers with higher credit-based insurance scores have fewer and less severe losses. For this reason the credit-based insurance scores is useful as a rating factor, but in those states where it is used, it is only one of many that are used.
Because your personal credit history affects your credit-based insurance scores, it is important to regularly review it and make sure it’s accurate. The Fair Credit Reporting Act (FCRA) allows you to order one report for free from each of the major credit reporting agencies each year. You may also purchase a 3-in-1 report to review your scores from all three major credit bureaus—Equifax, Experian and TransUnion.
Credit Report Errors
If your credit record is incomplete or has an error, ask the credit reporting bureau to make the corrections. If they do they will notify you in writing.
Tuesday, July 23, 2013
Thursday, July 18, 2013
Most commercial policies have additional business protections that might fall under the business interruption umbrella, such as "extra expense coverage" or other added coverages to cover specialized losses such as valued papers, electronic data, debris removal, etc. Generally, "extra expense" can cover relocation costs for a business or increased labor costs when a business uses best efforts to mitigate the business interruption and continues operation. "Extra expense" is often defined as the necessary expenses during the period of restoration that would not have been incurred without the loss. Typical commercial policies exclude or provide limited coverage for losses to valuable papers, electronic data, and records. In the age of electronic data, computers are necessary in almost every business and valuable records are kept on site on local computer terminals. Extra coverage for databases and other electronic media should be considered. It just may be such specialized coverage saves an insured extra headache and aids in a more complete and speedy loss recovery.
Contact us for all your Insurance needs! (321)725-1620
Monday, July 15, 2013
Friday, July 12, 2013
Your homeowners policy will cover losses to the property caused by perils such as fire, wind, lightning, and theft. And the liability portion will pay if someone is hurt on your premises. But if you run a home business, any loss associated with that business may be your problem. What if you had a small fire that damaged your home business office and computer and resulted in some lost income? Once your insurance company sends an adjuster and he or she discovers the business, your claim could be denied.
Conversely, if you purchased a home-based business endorsement to your homeowners policy or a businessowners policy (BOP), your entire loss would likely be covered, even the loss of income.
And do not forget about liability. If you have business visitors in your home and they get hurt, the standard homeowners policy may not cover those injuries. Again, you need to purchase the correct endorsement to the homeowners policy or a separate BOP. Also, any professional liability coverage will not be covered under either of these approaches. A separate professional liability policy will need to be arranged for this loss exposure.
Different insurance companies have different criteria for excluding businesses from their policies. And they offer an assortment of coverages for this exposure. Specific coverage available under one insurance company may not be available with another.
The key thing to remember is this: if you are running a business out of your home, inquire about available coverage options to properly protect your business and your assets.
Wednesday, July 10, 2013
Alice, who owned a coffee shop in FL, was informed by her payment card-processing bank of a potential data breach in her point-of-sale system. A forensics investigation found unintentionally stored credit card numbers. However, the payment card processor demanded indemnification for fines assessed by the credit card companies who alleged a data breach. The payment card processor withdrew $10,000 from the restaurant’s bank account and sued Alice's restaurant for the balance of $80,000.
Ponemon Institute’s 2010 annual study estimates an average post-breach cost of $214 per record. Although this includes $141 in lost business cost, the remaining $73 of actual remediation cost per record can add up quickly.
Hotel customer’s credit card stolen from hacked server.
Number of records: 700
Estimated costs at $73 per record = $51,100
A physical therapy company dumped sensitive customer information into garbage containers behind its facility. The records included Social Security numbers, credit and debit card account numbers, names, addresses and telephone numbers.
Number of records: 4,000
Estimated costs at $73 per record = $292,000
Laptop with employee information stolen out of a parked car.
Number of records: 4,300
Estimated costs at $73 per record = $313,900
Missing hospital computer tapes containing Social
Security numbers of patients.
Number of records: 52,000
Estimated costs at $73 per record = $3,796,000
*These are REAL data breach incidents found in online public records
Data breaches occur every day. While hacking incidents are the most recognizable and expensive cause of data loss, they are not the most common. It’s a startling fact - simple human error accounts for three out of four incidents.
- 40% of the data breach cases are from people making mistakes, such as losing laptops and flash drives.
- 36% are system glitches, such as software updates, which inadvertently expose sensitive private files.
- 24% are malicious and criminal attacks.
Monday, July 8, 2013
Whoot Whoot! If we can do this just imagine what we can do for your insurance! Contact us TODAY so we can land YOU Big Record Breaking Insurance Savings!
Friday, July 5, 2013
- The tax-free days will run from 12:01 a.m. on Friday, August 2nd through midnight on Sunday, August 4th.
- Items that will be tax-free are:
- Clothing and footwear selling for $75 or less
- School supplies selling for $15 or less
- For the first time ever, this year, personal computers and related accessories selling for $750 or less (including keyboards, computer mice, personal digital assistants, monitors, modems, routers and non-recreational software)
- A detailed list of items that are tax-free and which ones are taxable
- What to do when a product contains both exempt and taxable items
- How to deal with gift certificates
- How to handle exchanges of tax exempt purchases after the tax-free days are over
- How to do refunds during/after the tax-free days
- How to handle coupons, rebates, discounts, rain checks and layaways
Wednesday, July 3, 2013
Besides property damage, more than 10,000 emergency room visits each year are caused by grilling mishaps. Charcoal grills are responsible for the majority of home fires and injuries rather than gas grills, but each type can be dangerous. Significantly reduce your chances of grilling-gone-wrong by following these simple safety precautions.
- Grills should only be used outdoors and at a safe distance from exterior walls, siding, eaves, deck railings, low hanging tree branches, etc.
- Never ever leave a grill unattended when lit or in use.
- Know how to use your grill and regularly inspect gas grills for problems, such as a fuel leak or clogged line.
- Routinely remove grease buildup from grills, and be sure to keep them clean to help prevent flare-ups caused by debris.
- If using a charcoal grill, do not dispose of the coals until they are completely cool, and be sure to put them in a safe, nonflammable container outside your home – not in your garage.
- Be sure to keep kids and pets away from the grill area, and don't wear loose clothing if you are grilling.
- Always have a fire extinguisher close by and a phone to call 9-1-1 if needed.
Monday, July 1, 2013
Coverage B: Other structures that are not directly attached to your home, such as a separate garage, shed, or fence.
Coverage C: In a word, the "contents" of your home. If you flipped your house upside down, everything that fell would be contents. It is all the items that are not attached, or built-in, to your home.
Coverage D: If you have to live elsewhere temporarily due to covered damage to your home, you will need this coverage for your additional living expenses.
Check with your insurance agent to be sure that you have adequate coverage, and that your policy has been updated to include recent home improvements or high-value items. Your agent has access to Replacement Cost Estimate (RCE) software that can help in estimating whether or not your current Coverage A amount is adequate.
A complete home inventory will help you find out if your contents (Coverage C) amount is adequate, or if you need to purchase additional coverage for some items. Here are some examples: your new diamond anniversary ring; great-grandma's antique silver service and china set; the mini music recording studio in your garage; or the coin collection you recently inherited from your great-uncle. After you finish your home inventory, or if you have questions during the process, check with your insurance agent to be sure that your policy includes the coverage you need.
"Other structures," Coverage B, is often the most confusing. Most commonly, other structures are defined as those which are "set apart from the dwelling by a clear space." Example: A fence that is not attached to the dwelling is generally included under Coverage B (Other Structures), but if the fence is attached to your house, it is considered part of Coverage A (Dwelling). Is your garage separated from your house, or attached? Is your workshop a stand-alone building in your backyard, or part of the garage attached to your house?
If you spent all spring building a new gazebo in the middle of your back yard or redecorating your stand-alone pool cabana, check with your insurance agent to find out if you are covered. The cost of other structures, such as pool decks and screen enclosures, can add up quickly, so you want to be sure they are included under the Coverage B portion of your policy. You may also want to ask you agent about adding an Emerald Endorsement to your Tower Hill policy, or a Personal Articles Floater (PAF) for high-value items.