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Healthy New Year’s Resolutions: For Your Insurance

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As we close out another year, we hope you take the time to reflect on all of the positive experiences the last 12-months have brought to you and your family. And as you look ahead to the New Year, are you considering New Year’s resolutions, goals for the New Year, and a fresh start? We know that we are. As your local insurance agency, we would be doing you a disservice if we did not encourage you to add something very important to your list: your insurance policies.

Did you know that every year, as your needs change, you should review your insurance policies?

  • You should review the inventory in your home to be sure that you have enough liability coverage on your Massachusetts homeowners insurance
  • Are you getting married in 2014? Perhaps you might want to consider wedding insurance. This type of liability policy can protect you from weather, damage to the dress and even issues with the catering – providing you with peace of mind.
  • Has your family’s situation changed since last year? Review your Massachusetts life insurance policy. Perhaps you have a term life policy but you may want to consider whole life, or vice versa.
  • Did you invest in something big this year? Consider adding increased liability coverage to your homeowners insurance policy if so.
  • Remember that your homeowners insurance policy will not cover flood insurance. Have you ever thought about purchasing a flood insurance policy?
  • Did you make any Black Friday purchases as the year closed out? Perhaps you want to consider an additional insurance policy on your new toys. You can opt for a specific insurance policy for your snowmobile or RV.

When it comes to insurance in Massachusetts, understanding your unique needs is the job of a personal insurance agent. At Paul Murphy Insurance, our goal is to do that.


Keeping New Years Resolutions: Why We Don’t Do It

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Now that the holidays are behind us we have one more thing on our minds before we close out 2013: New Years Eve and making those New Year’s resolutions. Have you made yours yet? Every year, 45% of Americans make New Year’s resolutions.

Of those who make them, when it comes to keeping New Year’s resolutions…

  • 25% of people don’t even make it past the first week when it comes to keeping them
  • 47% set resolutions that have to do with self-improvement or education
  • 38% set resolutions related to weight
  • 34% set resolutions related to finances and money
  • 31% set resolutions related to relationships

However, when it comes to actually keeping those resolutions they make, most people struggle. Only 8% of the 45% of Americans who make resolutions actually keep them. Why?

  • Many overestimate their ability to make good decisions when they are under pressure, thus, they make irrational resolutions
  • It’s much easier to look into the future and say you will do something than to actually do it. We can plan a healthy snack, but it’s much harder to select an unhealthy one to eat a week later.
  • Human willpower is naturally inconsistent!

How can you be part of that 8%? We have some tips for you!

  1. Be more specific about your resolution. You are more likely to achieve your goals if you have a specific goal and a specific plan for achieving that goal. For example, do you plan to save more money for retirement? Start by determining how much more you want to save and then determine how much weekly or monthly you’d need to save. From there, decide where that money will come from and how you will save it – will you invest more in a Massachusetts life insurance policy? The more specific you get the easier things will be for you.
  2. Share your goals. You will be more accountable for achieving your New Years resolution if others know that you are trying to achieve it.
  3. Seek help from others. While you are sharing it, ask your friends and family to encourage you along the way. There is nothing wrong with asking for a push back on track if you get off the path to success.

Do you have any other ideas for how to keep New Year’s resolutions? We hope 2014 is happy and healthy for you – and your most successful yet when it comes to your goals!


New Year’s Resolution: Improving Your Business in 2014

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Perhaps, as your company makes its plan for the New Year, you’ve put business growth and efficiency at the top of your list for 2014. Having a New Year’s resolution or two for your business can truly challenge the company to grow and improve. However, improving your business isn’t always as easy as it may sound at first. There are, however, some practically steps you can take in the New Year!

If you’re looking to get more productivity and efficiency out of your employees, a great way to start is to encourage creativity and outside-the-box thinking. One of the best ways to do this is to promote diversity in your workplace. Young, old, culturally diverse, and employees of different backgrounds, lifestyles, and traditions can work together to create some of the best results possibly for your company. Improving your business can be as easy as encouraging more interaction between different departments and unique employees to let the creativity flow.

If you’re looking for business growth in 2014, your company will want to invest in a business insurance policy. Businesses that cover themselves with commercial insurance products will often be taken much more seriously, encouraging many others to do business with them. Not to mention, if some sort of accident hinders the potential for your company to grow, an insurance policy will cover your costs and help you continue to improve, rather than be bogged down by some sort of loss to the business.

Massachusetts small business owners, it’s time to get a plan for the New Year. Kick 2014 off the right way with the New Year’s resolution to improve and grow your company with business insurance and a focus on promoting diversity. The year is full of possibilities, and improving your business is just around the corner! And, as always, we are here to help.

Why Your Local Snow Removal Service Needs Insurance

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Do you run a local snow removal service? Don’t assume that you couldn’t benefit from snow plow insurance! Learn more about your options today, and get covered before the first big storm hits! If any damages or other incident occurs, you’ll want all the protection you can get.

Facts about snow plow insurance, and how your local snow removal service can benefit from it:

  • Snow plow insurance is a special form of commercial auto insurance in Massachusetts.
  • Snow plow insurance typically covers a variety of policy options, including:
    • General liability, which will help protect you in the event of a law suit against you
    • Commercial auto
    • Workers compensation
  • It isn’t something that is typically covered in other policies, such as commercial auto, insurance for landscapers, typical business insurance policies, etc. That’s why it’s necessary to purchase a specific policy to cover your snow plowing or snow removal business.
  • This type of insurance may or may not be required depending on the area in which your business is located. Make sure to check the local ordinances to be sure of your requirements. Either way, it’s best to have at least some form of insurance, just in case!
  • Since this is not as common of an insurance policy as typical auto insurance, it may be helpful to consult an independent insurance agent in your area, who can help you better understand your specific liabilities, risks, and insurance needs.
  • If you plan on using your personal vehicle for your local snow removal service, it still won’t be covered under your personal auto insurance policy! Commercial policies allow for larger liability coverage, which will be necessary for a snow removal business, even if you are using your personal vehicle.

Learn more about snow plow insurance and commercial auto coverage before the next big storm hits Massachusetts, so your local snow removal service can have the protection it needs!

10 Questions To Ask Before Signing A Lease

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If you are renting for the first time, you may not be sure what types of questions you need to ask before signing a lease. It’s crucial to get a good understating of the building, the policies, and exactly what you are agreeing to by signing, before you make your final decision to sign the lease and move in!

To help make this process as easy as possible for you, check out this list of 10 questions to ask before signing a lease!

  1. Ask about the quality and functionality of all of the appliances. Are they all in perfect working condition? If not, will they be repaired before you moved in? Who is responsible for repairs in the future?
  2. How responsive will the landlord be in terms of responding to questions, issues, etc?
  3. It’s also crucial to check the pipes, tub, shower, and sinks for any damage or leaks. Water damage is extremely costly, especially if you don’t have renters insurance.
  4. Ask about the ventilation, heating, and cooling systems in the building. Do all the windows open properly? Is there air conditioning already installed? How well insulated is the building?
  5. Find out more information about the fire safety precautions and equipment of the building. Where are the emergency exits? Who’s responsible for checking and maintaining the smoke alarms?
  6. Is there any storage space outside of the apartment that you can utilize? Is the cost of the storage space included in your rent? Is the storage area safe and secure?
  7. What kinds of people live in the building? Are there a lot of students? Families?
  8. Learn more about the laundry facilities. Are there laundry rooms in every building? Are the machines well maintained and serviced regularly? What does it cost to do laundry?
  9. Have there been any major repairs made within the last year, and are there any repairs expected in the near future?
  10. Find out as much as possible about the rent, and how the payment should be made in order to avoid any conflicts. Do they only accept checks? Can you pay online? What is the deadline to pay before you are fined?

The more you find out about your building and the procedures followed by the landlord, the better! Asking these questions before signing a lease will insure that there are no surprises after moving in, and will decrease the chance of any conflicts occurring.