May 2010

Wind Turbines Sunset
Welcome to The Flood Group
 
Our team is proud to provide you our unique newsletter specifically for EASA members. This newsletter shares strategic risk management ideas for  your firm! 
 
Business Owners aka "Entrepreneur's" are the locomotives of our economy.  Locomotives are known to be the most powerful machines in the world. 
 
Without tracks however, they're rendered useless.
 
The Flood Group "designs and builds" the Risk Management Tracks for you and your company, the locomotives, to run on!
 
"Laying the Risk Management Tracks for EASA members since 1999"
Business Income Worksheet
 
One of most overlooked components in a commercial insurance plan is Business Interruption Coverage.  Business interruption coverage provides a company with funds to make up the difference between its normal income and its income during a forced shutdown.  Click the link below for a Business Income Worksheet you and your accountant can use to verify your own business is properly insured!
 
Worthless Pieces of Paper 
 
Is your insurance plan nothing more then Worthless Pieces of Paper?
 
This article, by Donald S. Malecki, explains how exclusions are rendering some policies useless.  It is likely the most important must read we have posted!
 
"Considering that the demand for a standard market to write contracting risks is greater than the supply places a great deal of pressure on producers. The reason is that producers not only must understand the functions of excess and surplus lines but also must be aware that it is largely a 'buyer beware' market."
 
Our 360 Solution Approach
 
The Flood Group Insurance Agency is committed to working with you to accomplish two main goals.  The first goal is to provide your company with a formal risk management plan resulting in long term risk reduction.  Not only does it reduce your total cost of risk, it positively impacts your profits.  The second goal is to make your company more attractive to the insurance marketplace, resulting in your placement with the best possible insurance company.
 
To find out more, Click Here to visit our website or call our office at (516)417~5800.
EASA Convention
Gaylord Palms 
Don't forget to attend the 2010 EASA Convention and Exhibition at the Gaylord Palms Resort and Convention Center in Orlando Florida.  You can Register Here.

Issue: 3 

In This Issue
Business Income Report
Worthless Pieces of Paper
360 Solution Services
EASA Convention
Monthly Insurance Tip
Monthly Insurance Tip
 
A strategic risk management program, based on questionnaires, surveys, reports and sound advice from professionals can assist you to actively protect your business. Insurance, as part of this program, will give you peace of mind that you may be able to resume trading in the event of a disaster or a liability claim against your business.
 
To see the rest of this months tips and more Click Here
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Terry Flood & Brian Flood
The Flood Group, LLC 
 99 Tulip Ave., Suite 201 
Floral Park, NY  11001
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The Flood Group | 99 Tulip Avenue | Suite 201 | Floral Park | NY | 11001