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The Prewitt Group Welcomes New Hires 1

The Prewitt Group, a trusted name in risk management since 1974, has grown into one of the largest insurance firms in the Southeast. Our service and dedication to our clients remain steadfast. We uphold our brand promise in everything we do – to shield our clients from danger, risks or unpleasant experiences by using the strength and expertise of our firm. As we continue to dedicate our vision and values to our clients, we are happy to announce that we are growing again.  We are thrilled to announce  the following members that have joined our team: 

Diana Kelly — Marketing Rep: 

Diana works closely with producers, account managers, clients and carriers to get insurance coverage for new and renewal business.

Melissa Williams — Personal Lines Account Manager: 

With 22 years of experience as a Personal Lines Account Manager, Melissa is responsible for quoting new and existing business, helping with policy changes,  assisting clients with billing and with any issues they may have with their policy to ensure that the client is properly covering their assets. 

Amy Price — Commercial Lines Account Manager: 

Amy offers clients professional services to help them with their day-to-day insurance needs as well as handles the Professional Liability Book of Business. 

Mallory Phillips— Junior Account Manager: 

Mallory is responsible for providing in-house customer service assistance to account managers. She assists with answering emails, uploading policies, attaching and sharing policy endorsements, documenting dialog through emails and phone calls, completing any request of the senior account manager and keeping all documents organized for easy access to account managers.

Ella Perry — Client Concierge/ Accounting Assistant:

Ella assists with meeting the needs of clients and daily tasks around the office as well as assisting the accounting department. In addition, she manages content and assists with The Prewitt Group’s social media accounts on various platforms.

We’re excited about our growth and look forward to offering the best client service, now and in the future.

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Auburn University’s Harbert College of Business has recently chosen The Prewitt Group, a Birmingham, Alabama-based risk management firm, as one of its “Top Tiger” honorees for entrepreneurial spirit and exceptional growth. The Prewitt Group is honored to be among the 54 businesses and companies selected to receive this prestigious award in the Medium Companies category, which comprises companies with revenues of over $5M to $30M.

“Top Tigers” represents one of Auburn University’s important recognition events that showcases its successful alumni entrepreneurs. Honorees are selected annually based on their total sales levels and adherence to the Auburn Creed in running their businesses. We are excited to recognize 54 Top Tigers this year, who operate businesses across diverse industries and are alumni from several different Colleges and Schools across campus, ” said Franz Lohrke, Lowder Endowed Chair in Entrepreneurship and Professor of Entrepreneurship at Auburn University.

The Harbert College of Business and Warren Averett CPAs and Advisors co-sponsored this program and selected the winners based on compounded annual growth rates over the last three years. They also ranked The Prewitt Group based on revenue growth and the commitment to operate the company consistently by the Auburn Creed.

“We are thrilled to be honored and included by Auburn University and the Harbert College of Business,” said Johnny Prewitt, president of The Prewitt Group. “Auburn’s Creed is something that is instilled in every graduate, and we strive to live by it every day, in both our business and personal lives. We indeed are honored to be chosen as a ‘Top Tiger’.”

John Prewitt, Jr. (Jack) founded The Prewitt Group, formerly J.R. Prewitt and Associates, in 1974, and over the past 48 years, the agency has grown to become one of the most trusted local and national names in risk management. The Prewitt Group’s legacy has proven to be one that offers exceptional service through partnerships with a network of top-rated insurance carriers that are aligned with our mission, vision and values.

The firm is now led by Jack’s two sons: Johnny Prewitt (President) and Andy Prewitt (Vice President). This is the eighth year the College of Business has recognized businesses that have been founded, owned or led by Auburn graduates.

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As our firm continues to experience ongoing growth and in keeping with our focus on client relationship management, The Prewitt Group is pleased to announce that Scott Campbell has joined our team of risk management advisors as Personal Lines Department Manager and Risk Consultant.

Scott joins The Prewitt Group having several years of insurance experience in the Southeast market and has proven success and tenure in the risk management industry. He graduated from the University of Alabama with a degree in Finance and a concentration in Insurance.

Scott specializes in building relationships with successful individuals and families while helping craft insurance programs to best protect their most valuable assets. He places great importance on developing strong partnerships with wealth advisors, mortgage companies, and other centers of influence to help ensure his clients’ needs are properly met.

As we look to the future and an ever-expanding client base, Scott’s role as Personal Lines Department Manager supports our long-term vision of providing our clients, whether personal or professional, the most excellent experience along with an unmatched portfolio of customized insurance products. When not in the office, Scott can be found outside on the golf course or fishing.

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.

The Prewitt Group offers personal coverages for the people and assets closest to you and understands there might be questions about policies you might need answered. Below are a few FAQs that were answered by Risk Consultant, Ray Greer, from our team.

How do I know how much coverage I need?

  • The amount of insurance needed for everyone is different.  The best practice is to periodically sit down with your agent and discuss.

What is an umbrella policy?

  • An umbrella policy is designed to protect against catastrophic losses that are liability related.

Who can I call about my policy or a claim after hours or on the weekend?

  • You can call your agent any time day/night whenever you have a claim. The Prewitt Group is available to respond to any questions, concerns or claims whenever you need us most.

Where is the best place to store documents like policies?

  • A safety deposit box or fire safe can be used to store important documents such as your insurance policy.

Do credit scores impact premiums?

  • An individual’s credit score is one component of several items used in an analysis that determines a person’s premium.  So, a good or great credit score helps!

Is a home-based business covered under my homeowner’s policy?

  • Most homeowners’ policies provide limited protection for many home-based businesses due to several property and liability exclusions/limitations.  It typically is better for the business owner to have a separate business owner’s policy to adequately cover their business.

Since 1974, The Prewitt Group’s mission has been to expertly handle all your insurance needs whether personal or professional with the utmost attention to detail and comprehensive protection from anticipated risk. We strive to protect our clients from danger, risk and unpleasant experiences. That’s “The Power to Mitigate Risk.”

We offer various commercial, personal and life and health coverages to fit your unique needs. Contact a consultant at The Prewitt Group today if we can answer questions that might help us begin the process to cover the assets and people you value most.

Cybercriminals target municipalities blog

Ransomware attacks are on the rise and a concern for anyone on the internet, but especially municipalities, according to the FBI. Is your city covered?

Ransomware attacks lock up the victim’s files until a ransom is paid. CBS recently reported that “26 percent of cities and counties say they fend off an attack on their networks every hour.” In the article, the FBI’s Mike Christman emphasized that cybercriminals know governments are likely to pay because they can’t afford not to.

In fact, the city of Leeds, Alabama was hit with a ransomware attack in 2018 and forced to pay the hackers $12K to regain control of its computers. Mayor David Miller never suspected that his town of 12,000 people would be a target. Learn more about Mayor Miller’s experience by reading or watching this segment on 60 Minutes: How Cybercriminals Hold Data Hostage…And Why the Best Solution is Often Paying a Ransom

The Prewitt Group offers a comprehensive cyber liability program that is currently used by municipalities of all sizes across the state of Alabama. Because cyber attacks are becoming increasingly prevalent and threatening, it is important to be aware of and obtain cyber coverages before your city falls victim to these crimes.

If you’re interested in learning more or obtaining cyber coverage, contact a consultant at The Prewitt Group today!

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National Preparedness Month (NPM) is recognized each September to promote disaster and emergency planning. It reminds us to be prepared for disasters and emergencies in our homes, businesses and communities. This year’s theme is “Be Prepared, Not Scared.”

We’ve all heard the saying, “Preparation is the key to success,” and it certainly applies to disaster and emergency planning. While we still hope for the best, preparing for the worst can mitigate your expenses and protect your assets.

Be Prepared in 3 Steps:

  1. Create an emergency fund. First and foremost, recovering from a disaster can be financially burdensome. It’s vital to prepare for emergency expenses. Create an emergency fund for your family, home and business so that the money is there when you need it.
  2. Make emergency plans. Inform your family and/or employees of the location of fire extinguishers and first aid kits. Create a fire evacuation and severe weather plan, and then communicate it clearly to your household and workplace. Planned procedures and processes will keep your family and employees safe.
  3. Purchase proper insurance policies. Having the right insurance policies in place is an integral step in disaster preparation. Meet with an insurance consultant to make sure you have the proper coverage for the disasters and risks your family, home and business face. There are many different types of coverages, which are all subject to limitations and exclusions, so make sure you understand your deductibles, the limits of your insurance and the nature of your coverage.

Since 1974, The Prewitt Group’s mission has been to expertly handle all of your insurance needs whether personal or professional, with the utmost attention to detail and comprehensive protection from anticipated risk. We strive to protect our clients from danger, risk and unpleasant experiences. That’s “The Power to Mitigate Risk.”

We offer various commercial, personal and life and health coverages to fit your unique needs. Contact a risk consultant to review your current coverage or purchase additional policies as a step in your disaster planning process.

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It’s that time of year again: back-to-school! Are you sending a child off to college? If so, don’t forget to review your insurance coverage before they go back to campus. Remember, your insurance needs change as you and your family members reach certain life milestones. Plus, college is expensive enough without incurring unexpected expenses of an accident uncovered by your current policies.

Health Insurance

Is your child staying on your health insurance policy? If so, he/she is covered until they turn 26. If your child is going to school out of state, check with your insurance company to see how their out-of-state coverage works and ensure that there are in-network providers near the college. If not covered by their parent’s policy, college students have other health care options, such as enrolling in the student health plan offered or purchasing an individual policy.

Car Insurance

Is your child taking a car to campus? Be sure they are covered on your policy or have an individual policy that provides enough coverage. If they are going to college out of state, make sure they at least have the minimum coverage required by that state. Even if your child isn’t taking a car to school, it’s smart for them to remain insured so they are protected when driving a borrowed car.

Homeowners or Renters Insurance

Unfortunately, theft and burglary are very common on college campuses. Whether your child is living in a dorm, apartment or house, you will want to protect their valuables. Students who live on-campus are usually covered by their parent’s homeowners insurance policy as long as they are listed as a dependent on their policy. However, the extent of coverage depends on policy specifics and limitations, so it’s a good idea to check your policy before relying on it.

Students who live off-campus should obtain a renters insurance policy to protect their valuables and their bank accounts in the case of unfortunate situations, such as fire, theft or on-premise injuries. While renters insurance does NOT cover the building itself, it does cover the stuff in your rented house/apartment, like furniture, valuables and cash. A renters insurance policy can also cover liabilities and additional living expenses, if needed. Renters insurance is fairly affordable, but it’s important to understand the coverage and limitations of your policy.

All in all, it’s best to inform your insurance agent that you have a child going to college and discuss the additional coverage he/she needs depending on your current policies.

Insurance for Every Milestone

“When should I buy life insurance?” “Do I need renters insurance?” “What is disability insurance?” “I’m starting a business. What insurance do I need?”

These are just a few questions that are frequently asked by individuals who are planning for their future and/or entering a new season of life. As your life changes, so should your insurance coverage. While insurance isn’t the most exciting purchase, it is essential for protecting yourself, your loved ones and your wealth.

From buying a car to starting a business, certain life milestones call for reevaluation of your insurance coverage. Some policies are required, while others are strongly recommended. As you reach these common milestones, here are the policies you should consider purchasing:

When you buy a car: Before hitting the road in your new ride, you need personal auto insurance. Many factors impact how much you pay for your premium, including what you drive, your driving history, how often and how far you drive and your credit history, as well as your age, sex and marital status. That being said, your premium may increase or decrease as these factors change throughout your life.

When you start “adulting:” As you enter the workforce and move out from your parents’ home, consider purchasing these policies to protect your livelihood:

  • Health insurance: Children can stay on their parents’ policy until age 26, but once your 26th birthday comes around, you’re required to obtain your own policy.
  • Disability insurance: If you’re relying on your income to live, purchasing disability insurance could be a lifesaver if you become disabled and unable to work for a period.
  • Renters insurance: While it’s not a requirement, renters insurance is something any renter will be glad to have in the case of a fire, leak, or storm.

When you buy a home: If you own a home, homeowner’s insurance is a necessity. Most policies cover the house itself, your belongings and the liability of someone being injured on your property. Depending on the location of your home, you may need to purchase additional coverage, such as flood insurance.

When you get married and start a family: While you can purchase life insurance at any time, the importance of life insurance increases when you get married and/or start a family. In the event of your death, life insurance offers protection for your family and home by replacing your income. Acquiring life insurance at a younger age is smart because you’re not only healthy, but you also pay the same rate over a period of time.

When you start your own business: As soon as you start your business, no matter the size, you should consider getting commercial insurance. The type of coverage you need will vary based on the type of business you open.

At The Prewitt Group, we are committed to understanding your needs for every stage of life and delivering customized services to fit those needs. We would be happy to meet with you to discuss the coverage you need with each life change.

How to Prepare Your Business for Disaster

Did you know that 40 percent of businesses fail to reopen following a disaster? According to a report from the Federal Emergency Management Agency (FEMA), another 25 percent of businesses fail within a year following a disaster. From natural disasters to cyberattacks, your business is at risk of facing downtime following an unfortunate event. In fact, more than 50 percent of companies experienced a downtime event in the past five years that last longer than a full workday.

Recovering from any disaster can be expensive and burdensome to your business, so it’s important to be prepared for emergency expenses and protect your assets with insurance. The saying, “Time is money” certainly applies in business, so minimizing downtime in case of an emergency is imperative.

Prepare for emergency expenses by:

  • Identifying your monthly financial obligations.
  • Creating an emergency fund to purchase supplies or equipment.
  • Having a credit card or line of credit available.
  • Establishing a payroll policy for during and after a disaster.
  • Establish clear strategies for controlling costs in a disaster situation.

Protect your assets with insurance: Meet with an insurance consultant to make sure you have the proper coverage for the disasters and risks your business faces. If you already have policies in place, review them with your insurance consultant to make sure you understand your deductibles, the limits of your insurance and the nature of your coverage. After all, there are many different types of coverage, all of which are subject to limitations and exclusions. For instance, some policies do not cover flood or earthquake damage, so you may need additional protection. In today’s world, you may want to consider obtaining cyber insurance to protect your business from data breaches and cyber-attacks. The Prewitt Group offers various commercial coverages including commercial property, commercial umbrella, boiler and machinery, business automobile and more.

All in all, when it comes to emergency preparedness, focus on prevention and protection. Effective preparedness can benefit the recovery process. It’s important to assess your risks and take steps to minimize damage and downtime.