Archive for the ‘Liability Insurance’ Category

Have you started a small business that you run from your living room?  Maybe you are a photographer, or pet groomer. What about cosmetic sales? Do you know what coverages are needed even for the small picture framing business? Most homeowners companies will not cover a loss for the business materials that you have on site for your small business. Some insurance companies might even drop your policy all together if they knew about the taxidermy company that you are running. There are some options for your company that can be affordable, depending on the business you have decided to start.

 What do I need??

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This morning on azcentral.com there was an article about a teen who took the parents car without consent. The boy was told by his parents that he was not allowed to take the car unless going to specific places. He decided that he could get around the disciplinary action, and went out with his friends.

There was an accident with serious injuries.

Who is liable the parents or the kid?

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Arizona is well known for consistently being above the national average for drowning deaths. On average 90 people will die from drowning in Arizona each year. Most of these tragic deaths will happen between April & August. 20% of these accidents are related to swimming pools.

Do you know what the law says about pool safety??

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Earthquakes not covered by basic homeowner’s insurance

When Arizonans felt the effects of the magnitude 7.2 earthquake that hit Baja California, Mexico on Easter Sunday, there were reports of swaying buildings, rattled walls, and sloshing pool waters. but no major damage.

“Historically, the Valley of the Sun has not had any measurable earthquakes since 1875,” explains Frank Capparelle, Sr., Founder, President, and CEO of AnCap Insurance.  “Flagstaff is built along some fault lines but there has not been any significant activity in the area that caused damage since 1912.”

Basic homeowners’ insurance policies do NOT cover damage from earthquakes.  Thirty-nine states have experienced earthquakes since 1900, and about 90% of Americans live in areas considered seismically active. Yet only a small percentage of people purchase earthquake insurance, which is an addendum to a homeowner’s insurance policy.

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I’m looking forward to this Easter weekend as it’s a time for our family and friends to gather in celebration, reflection and love.

Family Traditions

We Capparelle’s have long carried our family traditions throughout the generations and this Easter will be no different.  We’ll eat no meat today nor have we partaken of any during the Fridays in Lent.

My wife Ann is busy planning for the buffet feast she will prepare for Sunday after services.  There will be the traditional egg dish.  Egg symbolizes Easter as a new beginning and when Grandma used to bake the fresh bread, she would always have an egg nesting in the center of the loaf.

All seven members of our immediate family will be at our home along with cousins, grandchildren’s boyfriends, and longtime friends.

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Even before St. Patrick’s Day has arrived, we’re hearing sad news about people who drank too much, turning festive celebrations into tragedies.

Sunday’s horrific accident during Montreal’s St. Patrick’s Day parade reminds us that fatalities can occur whether or not the intoxicated person is behind the wheel of a car.

In this case, a 20-year-old man jumped on a float during the parade and when he jumped off, he was pinned underneath.

Police confirmed that alcohol was a factor is his death.

Did you know you could be liable?

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While watching the Oscars Sunday night, I couldn’t help but think “What if?” 

Hey, there’s a great movie to be made considering all of the potential risks and catastrophes that could happen.

Grab the gems!

First is the obvious – what if there is a BIG jewelry heist?  There’s over $400 million worth of jewelry worn by the stars, men included, at the annual Academy Awards ceremonies so what would happen if a major robbery occurred?

Actress and 2010 presenter Kate Winslet wore a pendant style necklace of emerald-cut white and yellow diamonds with matching earrings. They were on loan from Tiffany’s and estimated to be valued at more than $2.5 million.  WOW!  You can bet there was special jewelry insurance coverage on those gorgeous gems!

Tom Ford, a leading fashion designer whose tuxedos were worn by countless actors, sported as many diamonds as the ladies.  His shirt studs were each several carats worth of princess-cut diamonds.

Sound the alarms!

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