National Insurance Awareness Day

It’s National Insurance Awareness Day and there’s no better time than now to review your policies and make sure your business has the right coverage.  You need protection to reduce your risks against property damage caused by theft, natural disasters, loss of income, liability claims, and more. Insurance policies are the most common way to transfer risk and protect everything from employees to assets to operations. To recognize this day, we’ve included three steps business owners can follow to ensure you have the right coverage in place.

1. Set up a meeting with your risk advisor:

Sitting down with your insurance advisor and reviewing your policies is a great way to make sure you have the appropriate coverage. In-depth reviews can shed light on where possible gaps in your coverage may lie or at least prove you have adequate coverage limits. It also gives you a chance to go over things that may require a modification to your policies like new hires, products, or services.

2. Ensure employees are familiar with safe workplace practices:

Workplace injuries can amount to thousands or even millions of dollars as well as slowing down your workforce and business’s production. Worker’s compensation insurance is designed to protect your business and employees, but the ideal situation is to avoid injuries altogether. A helpful way to do this is scheduling time with your associates to review best practices for safety in your workplace.

3. Make sure the proper cyber security policies are in place.

A fast-growing problem in this modern business landscape is the risks posed by cyber security. It’s important to realize anyone can be targeted by cybercriminals and no account or business is too small to protect from a cyber-attack. The best course of action is to know what actions to take if a breach occurs; secure the business, have a plan in place, and ensure all workers know the proper corresponding protocols for preventing and responding to a breach.

These few simple steps can give you peace of mind and can help you ensure that your business has the right coverage where it counts. For any questions you may have about your business insurance coverage and to learn more about our full line of risk management solutions, please contact our team of advisors at The Prewitt Group.

Chubb has bestowed its Cornerstone designation on The Prewitt Group. Of the approximately 2,300 personal lines insurance agencies and brokerages that work with Chubb North America Personal Risk Services, fewer than 12 percent have earned the Cornerstone designation.

Chubb is a premier provider of personal insurance and is known for its Masterpiece® products and services designed for the owners of custom and historic homes, luxury automobiles, yachts, fine arts, antiques, other valuable possessions, and excess personal liability.

“It is truly an honor to have earned the Cornerstone designation with Chubb. The Prewitt Group is committed to, and excels in, providing the best available options to our successful clients, and we look forward to continuing our strong partnership with Chubb in the years to come,” said Brian Fleury, The Prewitt Group COO.

As a Cornerstone agency, The Prewitt Group will receive several benefits, enabling it to address clients’ insurance needs faster and more efficiently. The agency’s staff will be able to work with Chubb’s most experienced underwriters and risk consultants. Chubb will assign a claim specialist to the agency. In addition, agency employees will have preferential access to educational Chubb seminars to enhance their client service and agency management skills.

About The Prewitt Group

J.R. Prewitt & Associates was founded in 1974 by John R. Prewitt, Jr. on the basis of offering clients a wide array of risk management services including commercial, personal, life, and health, professional liability, workers compensation and bonds. In 2018, J.R. Prewitt & Associates transitioned to The Prewitt Group, one of the few family-owned agencies in the southeast serving over 4,000 clients and representing over two dozen insurance carriers. The Prewitt Group is committed to understanding the customer’s needs and delivering custom insurance solutions in order to obtain the highest level of client satisfaction. For more information on The Prewitt Group, visit www.prewitt.group.

About Chubb

Chubb is the world’s largest publicly traded property and casualty insurance company. With operations in 54 countries and territories, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients. As an underwriting company, we assess, assume and manage risk with insight and discipline. We service and pay our claims fairly and promptly. The company is also defined by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength and local operations globally. Parent company Chubb Limited is listed on the New York Stock Exchange (NYSE: CB) and is a component of the S&P 500 index. Chubb maintains executive offices in Zurich, New York, London, Paris and other locations, and employs approximately 31,000 people worldwide. Additional information can be found at: www.chubb.com.

Kim Hayward EOY Image

In 1999, Walter Barnett joined The Prewitt Group after a 39-year stint with the IRS. During his 22 years as an agency controller, he not only continued to acquire but also apply an immense knowledge of accounting and legal expertise. While Barnett was incredibly skilled at his job, he also exemplified what it meant to be a team player and was always happy to lend a helping hand at work, earning himself the nickname “Mr. Fix-it” around The Prewitt Group office. It is this mix of expertise, friendliness, leadership, and professionalism that lead us to rename our employee of the year award to The Walter Barnett Employee of the Year Award, upon his retirement from The Prewitt Group, and in honor of his many contributions to our agency and his friendship to us all.

The Walter Barnett Employee of the Year Award honors the achievements and celebrates associates who exemplify the wonderful qualities that Walter possesses. Kim Hayward has been a sterling example of these qualities, which is why we have chosen her to be the inaugural recipient of this award.

Since 2007, Kim has been working with The Prewitt Group carrier’s online rating platforms, rating client accounts with major carriers and working with the Core Business Unit as well as handling the Certificate of Insurance requests. She helps team leaders and account managers make sure their requests are processed as efficiently as possible while also leading the implementation of a new processing program. Kim is not only a skilled employee, but she is also someone who knows the value of being a team player. She works hard daily for both our team and clients alike. Kim does whatever it takes to get the job done and does it with such a cheerful outlook.

We are very pleased to recognize Kim Hayward as the first Walter Barnett Employee of the Year recipient. She is more than deserving of this honor. Congratulations, Kim.

Prewitt welcome post 2 1080x1080 1

Please join us in welcoming Ashleigh Calvert, Scott Campbell, and Tracy Rathje to the Prewitt Group Family!

Ashleigh Calvert is coming aboard as The Prewitt Group’s newest marketing representative. For the past 7 years, she’s spent her career honing her skills in both the retail and wholesale side of commercial account management. Calvert is motivated by others and excited to work with her fellow Prewitt Group associates. Outside of work, Calvert enjoys hanging out with friends and family or enjoying the nearby lakes and beaches.

Scott Campbell is our newest personal lines manager/risk consultant. His experience is grounded in operations, which he gained while leading both personal lines and small business departments. He’s excited to not only get to know the Prewitt Team but also all the clients. In his spare time, you’ll find Campbell either enjoying time with his family or playing golf.

We welcome Tracy Rathje as our newest commercial lines assistant. For the past 21 years, she’s been sharpening her skills in the commercial insurance industry, spending equal time between both the retail and wholesale side of operations. Having worked with The Prewitt Group in the past, she is excited and ready to get back to helping others in her work family. In her free time, she enjoys spending time at the beach, reading, cooking, and being around friends and family.

We are excited to welcome these three risk management professionals and are looking forward to what their future at the Prewitt Group holds.

Prewitt welcome post 2 1080x1080 1

Headshot with Overlay

Cody Walker recently joined The Prewitt Group as a Risk Management Consultant specializing in construction insurance and risk management solutions. He brings a wealth of experience as a former Risk Management Counsel from one of the largest general contractors in the United States where he handled insurance coverage, claims, and contract negotiations. He brings a unique perspective by understanding insurance solutions tailored to protect construction clients from risks.

Walker has extensive knowledge and experience with providing insurance products that suit a client’s needs. He also has an understanding of the risks clients may encounter as well as experience in negotiating and managing insurance programs and claims. His knowledge helps protect construction companies from a variety of potential risks and losses. In addition, he evaluates a client’s current coverage to identify possible exposures by assessing specific contract requirements, as well as, reviewing contractual terms that are beneficial to his clients.

“Clients can rest assured that I am here to identify their current needs and provide guidance for protecting their business from loss,” said Cody Walker, Risk Consultant, The Prewitt Group. “I also offer solutions such as driver policies, improved subcontracts, and COI verification to help better manage numerous hazards. I am looking forward to connecting and getting to know clients as well as protecting them from exposure to risk.”

Walker is a graduate of Auburn University. He received his Juris Doctor from Samford University’s Cumberland School of Law.

David and Brian Blog Post

As The Prewitt Group continues to grow, we are proud to announce the promotion of two team members who have played key roles in moving our business forward.

David Junkin has been named a shareholder of the firm, after an extensive tenure with the agency as a Commercial Risk Advisor. In his more than 17 years with the agency, David has provided unparalleled guidance to clients in identifying risk exposures and insurance solutions. His proven leadership has resulted in the growth of The Prewitt Group as a company, the expansion of partnership opportunities as well as excellence in client service, all of which are pillars of the company’s long-term strategic plan.

David with Logo
David Junkin 

Brian Fleury has been named Chief Operating Officer of the firm and will oversee the company’s ongoing operations and procedures. As a key leader of our senior management team, Brian’s focus will be on the functionality of our business to drive continued growth, the highest standard of client service practices, and unparalleled risk management solutions for our clients.

Brian with Logo
Brian Fleury
iStock 869149492

It’s time to include Multi-Factor Authentication into your protection plan.

Many insurance carriers are starting to require strict safeguards that a company must have in place to even receive a quote on cyber insurance. One minimum requirement is Multi-Factor Authentication (MFA). Many carriers will consider it too risky to provide coverage if it’s not included in your network protection plan.

Here’s why you should consider MFA to protect your network.

  • It’s a mechanism that adds an additional layer of protection to your network.
  • It requires any user to provide multiple credentials to confirm his or her identity.
  • Most carriers now want to see MFA being implemented to authenticate remote networks, administrative access, and remote access to email.
  • Incorporating these controls will reduce the possibility of a network security breach by a compromised password, limit broader access to a hacked network, and lessens the potential for unauthorized access to company email accounts.

If you’re a small and/or medium-sized company MFA is a great way to reduce risk. Talk to your IT partners about how to implement MFA in your business to help ensure that your network stays safe and to qualify for cyber insurance coverage.

For any questions you have about cyber insurance coverage, please reach out to a Prewitt Group representative for additional information.

TPG Hurricane Safety Blog Post

Hurricane season is in full swing and while it may be easy to overlook the importance of evacuation/preparedness details due to the current pandemic, it’s even more imperative not to be caught unprepared. Before, during, and after a hurricane can be an incredibly stressful and frantic time. According to the CDC, it’s important to know how the Covid-19 pandemic can affect disaster preparedness and recovery, and what you can do to keep yourself and others safe.

Below are some tips on how you can prepare, evacuate, and shelter during severe storms while remaining safe from the coronavirus.

Prepare

  • Given the current state of the coronavirus, it may take more time than it would have prior to prepare your emergency food, water, and medical supplies. While some do not have the option to have their supplies delivered, it is the safest route. If delivery is not an option, follow steps to protect yourself and other’s health when running essential errands.
  • Updated plans regarding shelters (including shelters for your pets) and evacuation are important to monitor.
  • COVID-19 vaccines help to protect you from getting sick or severely ill with COVID-19.

Evacuate

  • Preparing a “go kit” with personal items that are necessary in case of evacuation is a good idea. Items should include alcohol hand sanitizer, bar or liquid soap, disinfectant wipes (if available), and multiple, clean masks for those older than 2 years of age.
  • Make sure you have several ways to get weather alerts. The National Weather Service cell phone alerts external icon, or (@NWS) Twitter alerts are great resources.
  • It’s important to check if your area’s local public shelter is open if you need to evacuate your house. It’s also important to keep in mind that your designated shelter may have changed this year due to COVID-19.

Shelter

For those residing outside of their household with family or friends to avoid the storm:

  • Check-in with those you plan to stay with to ensure the proper precautions are taken to protect against COVID-19.
  • If your households include someone with a higher risk of developing severe illness from COVID-19, make sure everyone knows how to keep them protected.
  • It’s important to continue practicing everyday preventive actions, like covering coughs and sneezes, washing your hands often, and avoiding touching your eyes, nose, and mouth with unwashed hands. It may even be necessary to take extra precautions for people living in close quarters.

As always, your Prewitt Group team is in place to provide guidance, manage claims that may occur, and most importantly, protect you and your family as if you are our own.

Source: https://www.cdc.gov/disasters/hurricanes/covid-19/prepare-for-hurricane.html

TPG Hurricane Safety Blog Post

V2 TPG New Associates Graphic

Please join us in welcoming Heather Lee, James Borland, Derek Meyer, and Nikita Austin to The Prewitt Group family!

Heather Lee is bringing her 15 years of public accounting and 7 years of private sector experience to her new position at The Prewitt Group as a controller. She’s a mother of two, who loves travel and outdoor activities like hiking. Prior to joining the Prewitt team, she provided her talents to  KPMG, LLP, and Kassouf & Co.

James Borland is The Prewitt Group’s newest producer. Prior to joining our staff, Borland worked in sales for 7 years, moving between the construction, commercial insurance, and software industries. During his free time, he enjoys spending time with his family/ friends, going to the lake, and playing music. On the side, he plays music for events like engagements and birthday parties.

Derek Meyer is our newest risk consultant. He served 13 years in the U.S. Army, starting as a Logistics Officer, and spent the majority of his time as a Special Forces Commander in the Green Berets. Meyer spent the first 13 years of his career defending this country and now he is striving to defend the companies that make it. In his free time, he loves fishing in the Gulf of Mexico and has also built his own chopper from the ground up. 

Nikita Austin is joining the Prewitt Group as the newest commercial lines account executive, who will be responsible for renewing and servicing accounts. She has spent the last 4 years with Cobbs Allen as the small business account manager. She has obtained her CISR (Certified Insurance Service Representative) and CPIA (Certified Professional Insurance Agent) designations. In her free time, she enjoys spending time with her daughters and serving as a junior board member with Girls Inc. of Central Alabama. 

We are excited about what their futures at The Prewitt Group will hold.

iStock 1208405529

Cyber security attacks continue to occur at an alarming rate. Do you have defensive steps in place to protect you and your business?

Recently, the White House warned American businesses to take urgent security measures to protect against ransomware attacks, as hackers shift their tactics from stealing data to disrupting critical infrastructure https://nyti.ms/3cGS2YE

This heightened warning follows a string of escalating ransomware attacks – from stealing data to disrupting operations. For example, we all witnessed the Colonial Pipeline event last month when they were hit with a ransomware attack. Their business records were frozen by a criminal group, forcing the company to suspend operations.

Without securing a dedicated cyber policy, most businesses likely do not have adequate insurance coverage following a data breach. Cyber insurance helps your company recover after a data breach, with costs that can include business disruption, revenue loss, equipment damages, legal fees, public relations expenses, forensic analysis, and costs associated with legally mandated notifications.

Our team of risk management specialists are in place to advise you on a cyber risk assessment. Please email Jack Prewitt, a risk management advisor specializing in cyber coverage, at jackprewitt@prewitt.group to discuss how we can put our power to mitigate risk to work for you.