When your vacation, business, or personal travel requires use of a rental car, you may wonder about insurance protection. Is it necessary to purchase the optional coverage offered by rental car companies? What about the automatic coverage now provided by some credit cards? What protection will your personal auto policy provide? Watch this video from our friends at Central Insurance for answers to these and more questions about Rental Car Coverage.
Founded in 1910, SeibertKeck Insurance enjoys a history of hard work and continued success in the insurance industry. Due to continued growth, SeibertKeck has a full-time Entry Level Operations position available at our Akron headquarters.
Are you the type of person who loves to pitch in with everything and anything to help an office run smoothly? You're collaborative efforts won't be left unnoticed in our productive environment. We value high performers and fast learners, providing professional training and great opportunities. If you are confident and enthusiastic, join us and gain in daily growth.
We are currently seeking a dependable and responsible individual to perform various tasks essential to our day-to-day business operations in a fast paced, professional environment. The successful candidate must have excellent organizational skills and a professional demeanor.
-Attention to detail and ability to multi-task in a fast-paced, deadline-oriented environment
-Ability to take initiative and use good judgment, working effectively with others
-Must have strong verbal communication skills and ability to convey information clearly
-Must be willing and able to effectively work in and adapt to a changing environment
-Ability to understand internal and external client needs and provide excellent service
-Familiar with Microsoft Office (Outlook, Word, Excel, etc.)
-Technically inclined with a willingness to learn
-Comfortable in an office environment
Equal Opportunity Employer M/F/Disability/Vet
SeibertKeck Insurance has been endorsed by the Prism Health System and selected as their preferred broker for non-profit organizations.
SeibertKeck Insurance and Prism Health System share similar values, both committed to our communities, and dedicated to the betterment of non-profit organizations in our backyard and beyond. SeibertKeck is proud to partner with Prism Health System and to provide services to their loyal members.
Official announcement via Prism Health System:
Prism Creates Unique Insurance Program for Non-Profits in 2016
Prism Health System proudly introduces a unique Property & Casualty Insurance and Risk Management Program for Non-Profit Organizations. As with all Prism programs, Prism completed a rigorous selection process by vetting multiple brokers and companies. Key consideration were market access, experience and expertise in key specialty areas such as Medical Malpractice, Social Services Professional, Abuse, Directors & Officers and Privacy & Cyber liability including protected medical information.
Prism is pleased to announce that SeibertKeck Insurance has been selected as our preferred broker with The Cincinnati Insurance Companies as Prism's preferred insurance company. In partnership, Cincinnati Insurance & SeibertKeck...
Through Prism's unique risk Purchasing Group (RPG) design, will be offering non-profit organizations specialized and proprietary insurance coverages and rates to serve the specific needs of the non-profit community. Program highlights include:
> Scalable Solutions for each Individual Organization
> Unique Coverage Design Exclusively for Prism Members
> Non-profit Specific Risk Management Tools and Sample Policies
> Short and Long Term Planning for Continued Savings
> Up to 3 Year Rate Guarantees available on most lines. Sponsored by Prism Health System in partnership with SeibertKeck. Most coverages underwritten by The Cincinnati Insurance Companies.
Red Nose Day operates through the power of entertainment, raising awareness and money to help kids who need the most at home and around the world. Red Nose Day is on a mission to lift kids out of poverty and has raised over $1 billion globally in the last 25 years.
SeibertKeck Insurance joined the cause and donned our red noses for the May 26th national event.
Your EBIDTA looks great. The venture capital money is flowing freely. It’s finally time to sell your company. But you can’t forget to wrap up your insurance coverage.
"People tend to put the insurance on the back burner during a sale, because they think they can cancel their policy and walk away,” says Parker Berry II, CIC, executive vice president of SeibertKeck Insurance Agency. “That’s not always the case.”
When two companies tried to merge, he watched the deal get held up for 30 days because of an insurance issue. One company was ready to go, but the other couldn’t get the insurance wrapped up in the time frame that was available.
Business owners may have been protecting their company from a variety of exposures for years; now that it’s time to sell, they need to take steps to wrap everything up with their insurance. One of the last things someone wants to see after they have sold their business is an uncovered lawsuit against their former company and themselves.
To help with the closing of the business, the owner needs to seek the counsel of their agent or broker in a timely manner before the closing. This does not mean the week of the sale. The more time the business owner can provide the agent, the better.
In addition, potential buyers should take a multi-pronged due diligence approach, and one of those prongs should be insurance. They need to review current policies, make sure the coverage is appropriate, the limits for the buildings and the limits of liability are adequate, etc., at the same time they’re reviewing the financials.
What do owners need to understand about their insurance before a deal is made?
There are two general types of liability insurance policy forms, and when it comes to selling a business or being acquired, owners should not just cancel their policies and walk away if the organization has claims-made policies. The types of policies that are written on a claims-made policy are professional liability, errors and omissions, executive liability and sometimes employee benefits and tough product liability exposures.
The process to wrap up the claims-made policies is relatively simple, but can be costly depending on the exposures. The first step is notifying your broker that you’re selling. Your broker will contact your various insurance companies to request extended report period (ERP) options or tail coverage. Depending on the type of policies the ERP may be for 12, 36, 60 or unlimited months. This time frame is how long you have to report a claim to your insurance company after you have sold. If you choose not to purchase the ERP, insurance companies typically provide a free tail that is anywhere from 30 to 60 days, depending on the carrier. After the specified time period, the insurance company will deny any claim pertaining to the claims-made policy that you did not purchase the ERP option.
An occurrence policy will respond to a covered cause of loss that occurred during the time period of coverage — it doesn’t matter when the claim is turned in. With this type of policy, a business owner can cancel at the time of sale and can walk away not having to pay additional premium.
How do you recommend business owners best handle matters like these?
Even if you paid your premium at the beginning of the year, you may still have bills when you wrap up the insurance coverage. It’s good to know upfront, before you negotiate your sale price, what your out-of-pocket expense could be.
Again, if you’re going to sell your business, the more time you can give your agent the better. Start that conversation as soon as you can, asking, ‘What do I need to do to close everything up, and make sure I can walk way on X date, knowing what costs I will have, if any?’
Ideally, both the buyer and seller should put time and effort into addressing the insurance for the acquisition or the sale of the company. You want to make sure all loose ends are tied up, in order to give a fresh start to the new owner and take care of the previous owner.
Thank you to our own Sarah White for her fantastic help in documenting this year's event. Clients, prospective clients, community partners, and friends alike all had a wonderful time at Canal Park's The Game Grill & Bar for SeibertKeck's annual March Madness event! We look forward to seeing you again next year!
New Ohio Law Strengthens Certificate of Insurance Regulation
On December 22, 2015, Governor John Kasich signed House Bill 259 into legislation. This bill states that a certificate of insurance cannot alter the coverage of an insurance policy. This is important in the event there is a discrepancy between the issued certificate of insurance and the actual insurance policy. This bill states that the insurance policy will be used to determine the coverage.
What is a Certificate of Insurance?
A certificate of insurance is a document used to provide information on specific insurance coverage. The certificate provides verification of the insurance and usually contains information on types and limits of coverage, insurance company, policy number, named insured, and the policies' effective periods.
Additional information can be found on the Insurance Journal.
Presenting: The CPI-HR Speaker Series: Trends in HR for 2016
We have partnered with CPI-HR to bring area CFO's and HR leadership teams information the upcoming HR trends. Learn about changes to the FLSA and discuss benefits compliance issues and how your business may be impacted in 2016 while networking and enjoying a complimentary lunch.
Friday, February 5, 2016
11:30a.m. - 2:00p.m.
2950 West Market Street
Akron, Ohio 44333
FLSA Regulation Changes You Need to Know
Presenter: Leigh Anne Benedic
Porter Wright Morris Arthur
This presentation will review the Department of Labor's proposed changes to the Fair Labor Standards Act regulations regarding exempt employees, the timeline for final rules, and proactive strategies employers should be doing now to address the rule changes. A brief update of other noteworthy DOL actions in the past year will also be covered, including its memorandum on independent contractor misclassification and agenda items to address technology in the workplace.
Leigh Anne also has considerable experience counseling employers on compliance matters, especially in the area of wage and hour compliance, leave management and accommodations, and best practices for employers in those areas. She has worked as in-house counsel for two companies with nationwide and global operations as a labor and employment attorney. She managed the full scope of workforce-related legal issues for US-based employees and managed several complex litigated matters and charges. Leigh Anne has defended claims on a wide range of employment laws and issues, including discrimination, retaliation, the Family and Medical Leave Act, the Fair Labor Standards Act and other wage and hour laws, as well as labor arbitrations and unfair labor practice charges. She has experience with representation before various state and federal agencies such as the Department of Labor, EEOC, National Labor Relations Board and numerous state agencies. Leigh Anne has also represented clients in wage and hour class and collective actions involving the Fair Labor Standards Act and state wage and hour laws.
Benefit Plan Compliance: Would Your Plans Survive an Agency Audit?
Presenter: Meredith Korner
Director of Benefits Operations, CPI-HR
Every year, thousands of employee benefit plans are selected for audit by the Internal Revenue Service (IRS) and the United States Department of Labor (DOL). This year, the DOL has significantly increased audit enforcement and the IRS has announced it is stepping up enforcement activities by dramatically increasing the number of audits in the current and next fiscal year. In essence, the federal government wants additional revenue and is ready to get it by imposing steep penalties on plan sponsors who are out of compliance. Are your benefit plans ready? During this presentation you will learn some essential steps to take in order to survive a DOL audit.
Meredith joined CPI-HR in 2004 and has directed her focus to health and welfare compliance. She has served actively on the national Compliance Committee for Benefit Advisors Network and is continuously working with clients on potential changes that may impact them and updating her team on ways to help minimize any negative impact and enhance the positive aspects of those changes.As Director of Benefits Operations for CPI-HR, Meredith is responsible for strategic account management as well as the direct management of all Benefits Consultants and Benefits Analysts. In this role, Meredith focuses her attention on assuring the quality and consistency of consulting deliverables and client services while promoting the professional development of each individual on her team.
Meredith has a Bachelor of Science in Business Administration, Marketing from Miami University and holds her Ohio Resident Agent's License in Accident and Health, Life Insurance and Variable Annuities. She has also earned accreditation as a Certified Patient Protection and Affordable Care Act Professional by the National Association of Health Underwriters.