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Amity Insurance Newsletter – February 17, 2010

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Featured Articles

Take Precautions in Severe Weather Driving
Severe weather can strike at any time of the year. It is not always possible to avoid driving during dangerous weather conditions.  However, being a cautious driver can mean the difference between getting home safely and standing along the side of the road waiting for a tow truck…more »

How to Be Credit-Worthy: Be a Wise Credit Card Holder, Not a Big Spender
Millions of Americans today are neck-deep in debt due to unpaid credit card bills. For this reason, a lot of people believe credit cards have become a necessary evil in our present society. The truth is that credit cards are not the enemy. It’s just that most people do not know how to use them wisely, which is why they end up being hopelessly buried in debt…more »

Are You Covered If Your Subcontractor’s Work Isn’t Done Right?
Acme Construction, a home building company, constructed 20 homes in 2003. It hired subcontractors to perform the concrete work, plumbing, wiring, and roofing. One year later, it received complaints from two of the homeowners about cracks in their foundations. Acme notified its liability insurance company…more »

Crime Insurance: A Vital Need in Today’s Business Environment
According to a 2008 study conducted by the Association of Certified Fraud, U.S. businesses lose about 7% of their annual revenues to fraud. This equates to a staggering $994 billion loss each year nationwide to employee fraud.  Even worse, occupational fraud schemes are extremely costly to a company’s bottom line, with the median loss in the 2008 study coming in at $175,000!…more »

DID YOU KNOW? At the end of 2007, there was $972,494,000,000 in outstanding revolving debt in the United States. This number includes credit card debts held by commercial banks, credit unions, finance companies and securitized debt balances. (Source: Federal Reserve)