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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.

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.

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The Prewitt Group Awarded 2020 Agency of the Year

Frankenmuth Insurance bestows award to recognize top performance, profitability, growth and policy retention

Birmingham, Alabama, March 23, 2021 – Frankenmuth Insurance has named The Prewitt Group, a risk management and insurance firm headquartered in Birmingham, the 2020 Agency of the Year. The award is presented annually to one agency with overall top performance in profitability, growth and policy retention. The Prewitt Group has been a part of Frankenmuth Insurance since 2010. “Each year, we look forward to recognizing our top performing agencies for their dedication and commitment to serving our mutual customers,” said Fred Edmond, president & COO of Frankenmuth Insurance. “The Prewitt Group’s outstanding performance earned our highest distinction. It is an honor to present this award to the team.” The Prewitt Group is a family owned and operated full-service risk management firm, serving the Birmingham area since 1974. “Our agency is grateful to be recognized as Frankenmuth’s Agency of the Year for 2020. We are proud to have honored our commitment to our clients and partners in what was a challenging year for so many. Our team, like a family, stands together to bring the expertise and service needed to mitigate the risks of life and business for our clients and we appreciate the recognition from Frankenmuth Insurance for these efforts,” said John R. Prewitt, III, President of The Prewitt Group. To learn more about The Prewitt Group, find them on Facebook, Twitter or LinkedIn or visit prewitt.group.com

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About Frankenmuth Insurance Insurance exists to provide peace of mind, and Frankenmuth Insurance has been protecting individuals, families and businesses for more than 150 years. We truly care about the people we serve and strive to be your insurer of choice. We partner exclusively with nearly 700 independent agents to customize business, home, auto, and life insurance policies and surety bonds. Headquartered in Frankenmuth, Michigan, and doing business in 15 states, Frankenmuth Insurance is financially sound, with $1.8 billion in assets. The company has an A.M. Best rating of “A” (Excellent). For more information visit fmins.com. 1 Mutual Avenue, Frankenmuth, MI 48787-0001 Tel: 989.652.6121 www.fmins.com Fax: 989.652.6231

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.com

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Brian Fleury assists in answering this week’s FAQ. Brian joined The Prewitt Group in 2019 as a Personal Lines and Small Commercial Distribution Leader.

Long-term care insurance helps pay for a wide range of services for those who need it and is mainly designed to assist with costs of custodial and personal care. While most of these services do not include the cost of medical care, coverage can include staying in an assisted living facility, nursing home, or adult day care. These policies pay for the cost of care due to chronic illness, an injury, or a disability. Often, just the effects of aging requires people to need help, and long-term care coverage can help.

As you go through your financial planning process, it’s important to understand long-term care costs as you approach retirement age. We have risk advisors that can walk you through this process and make sure that you are covered properly.

Copy of Copy of Copy of Copy of Copy of Short Term Life Insurance

Recent changes in the forest products industry involving the exit of insurance carriers from the property insurance marketplace along with tightening underwriting guidelines, and stricter loss control requirements, present a unique opportunity for us to help you navigate the road ahead.

Our forty-five years of experience and expansive network of Specialty Insurance Carriers for the Forest Products Industry allow us to serve you better and provide cost-savings solutions.

Our expertise includes risk management solutions for property, equipment and auto, claims management, risk control services and more.

Learn more about Forest Products Risk Control and contact us today as you look to navigate solutions for your specialty insurance needs.

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As temperatures begin to drop, check for drafts near doors and windows and insulate each area. Weatherstrips and caulking can help with closing those drafty places.

Fans can help circulate warmer air in a room. By changing the directional switch and lowering the speed on the fan, this will help push the warmer air throughout with adding cooler air to the space.

Dusting both vents and radiators and clearing any furniture near vents will provide adequate space for air to flow throughout the home.

Note the temperature indoors when you feel the slight chill that makes you reach for the thermostat and keep it one to two degrees warmer. This will help you be more comfortable.

Have a basket of warm blankets in the common rooms you and your family spend the most time in so when the first cool front comes through, the first instinct might be to grab a throw or blanket instead of turning on the furnace.

A few additional tips can save money and help to further winterize your home –

  • Check your fireplace before the first fire.
  • Close doors to unused spaces in your home.
  • Protect any plants that might live outdoors or bring them inside before freezing temps arrive.
  • Replace air filters.
  • Protect your pipes from bursting with insulation.
  • Cook at home, the warmth from the kitchen will help warm other parts of the home, too.

The Prewitt Group encourages everyone to prepare for the changing temperatures and seasons, it can save you money by lowering power bills and preparation is priceless.

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As the leaves change color and the temperatures cool down, the likelihood of certain insurance claims increases. According to Property Casualty 360, car collision and accident, auto and home theft, house fire and water damage claims increase during the fall and winter seasons. Before you get caught up in the busyness of fall, check out these safety and property maintenance tips.

  1. When driving, be aware of changing road conditions and hazards that come with the changing season.
  • Drive slowly and decrease speeds on wet, icy or leaf-covered roads.
  • Avoid sun glare, which intensifies near sunrise/sunset and aligns with east/west roadways near the autumnal equinox.
  • Keep a safe distance between the car in front of you when driving in the rain.
  • As temperatures drop, look out for icy patches on bridges, overpasses and shaded areas.
  • Most wildlife-related accidents tend to occur between October and December, so watch out for animals on the roadways.
  • Parking lot-related claims also increase between October and December, so avoid tight spots, dark parking lots and cart return areas.
  1. Theft increases each year around the holidays. Take some preventative actions to reduce the chances of being a victim of auto or home theft.
    • Don’t leave packages, briefcases or electronics visible in your car.
    • Take photos of high value items when you purchase them and keep your receipts to prove ownership.
    • Make sure doors are locked and windows are closed when you leave the vehicle.
    • Keep lights on a timer and use motion detectors for the outdoor lights around your home.
    • Use an app, like Ring, to remotely monitor your home.
    • Store your valuables in a fireproof safe or a safety deposit box.
  1. Enjoy fall-scented candles, fireplaces, wood stoves and heaters with caution. Fireproof your home by:
    • Annually inspecting and cleaning your chimney.
    • Annually inspecting and cleaning your heating system.
    • Replacing furnace filters in accordance with the manufacturer’s instructions.
    • Keeping candles away from flammable items and unruly pets. Don’t leave them lit in unoccupied spaces.
    • Checking electrical outlets for loose-fitting plugs. Be sure not to overload electrical outlets.
    • Keeping a fire extinguisher handy.
    • Testing your smoke alarms regularly.
  1. Colder temperatures increase the likelihood of frozen or burst pipes and roof damage. Prevent water damage by:
    • Checking the condition of your pipes and cleaning out backup water valves.
    • Insulating water pipes in areas exposed to freezing temperatures.
    • Turning off the main water supply before going out of town for an extended period of time.
    • Keeping your drains and gutters clean.
    • Inspecting your roof at least twice a year.

All in all, be aware of the threats that arise with the fall and winter seasons and make home maintenance a part of your fall routine to identify potential problems before they arise. Plus, with the right insurance coverage in place, you’re on your way to a safe and happy fall!

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.

Brian

We are excited to welcome Brian Fleury to the team as a Personal Lines and Small Commercial Distribution Leader! In this role, Brian will lead the personal lines and core business unit teams in strategies for new business development, retention practices and book of business analysis to maximize profitability. To learn more about Brian, check out this Q&A:

Q: How did you get into the insurance industry?

A: I started as an Allstate agent in 2009 and later transitioned to Chubb as a marketing/sales representative in 2012.

Q: Are you seeing any new trends in the industry?

A: An increasing number of insurance agencies are selling to large multi-national brokers and private equity backed firms. These organizations are often focused on large commercial accounts, and typically, don’t show much interest in providing insurance solutions for small businesses and individuals. This creates a fantastic opportunity for a local, independent agency like The Prewitt Group to step in and tailor insurance coverage to this growing segment of the population.

Q: What’s your favorite part of working for The Prewitt Group?

A: It’s absolutely the people that make up the agency. Everyone takes a lot of pride and accountability in their work – it shows great dedication to our clients daily.

Q: Who’s your biggest role model?

A: My dad has always set a tremendous example as a family leader and hard worker. Plus, he is always available as a friend and mentor.

Q: What’s the best advice you’ve ever received?

A: Always work hard and put forth your best effort, but also remember to work smart. Harder is not always better. Sometimes harder is just harder.

Q: What are three words that describe you?

A: Perseverant. Committed. Analytical.

Q: What’s something most people would be surprised to learn about you?

A: I’m originally from Connecticut and moved to Birmingham in January 2005 to work in minor league baseball for the Barons. It was supposed to be a temporary assignment, but instead I met my now wife a few months into living here and never left.

Q: Favorite quote?

A: “God doesn’t call the equipped. He equips the called.” – Wade Griffith

Q: Favorite travel spot/vacation?

A: New York City

Q: Favorite spot to hangout in Birmingham?

A: Pretty much any golf course in town.

Q: Hobbies?

A: Enjoying time away with my family at Lake Martin, playing golf and other sports activities.

Q: Tell us about your family.

A: My wife Courtney and I have been married for 9 years and have two kids, a 3-year-old daughter, Kate, and a 10-month-old son, Jamey.