Tag Archives: insurance

Cubs

World Series Champions Cubs!

108 years since their last championship. Congratulations to the World Series Champions  ,

2016 Chicago Cubs!

Click here to recap this once and a lifetime historic moment!

From Tom Neis, CEO of Parr Insurance Brokerage & Neis Insurance

 

To get the best insurance coverage, please contact us :

Parr Insurance Brokerage
2157 N Damen Ave. Apt #2b
Chicago, IL 60647
773 – 489 – 3001
cedric@parrinsurancebrokerage.com

 

 

Banner Award

Tom Neis Award Receival in Germany

 

Tom Neis was accepted an award on behalf of the city of Crystal Lake for the recognition of 20 years of town interchanging schools, music, cultural and civic events for the betterment of cultural understandings during his presidency of the Chamber of Commerce in Crystal Lake.

Congratulations to Crystal Lake Chamber of Commerce as well as Tom Neis!

Award Receival

 

 

Exclusions Homeowners Insurance

Insurance Exclusions You Should Know

Homeowner’s insurance covers many damages, including theft, wind or fire perils and more. It adds liability insurance to the standard hazard policy to cover any injuries to people on your property. Your homeowner’s insurance kicks in, for example, if your dog might bite a child.

But many potential disasters aren’t covered, such as flood and earthquake damage. Look at the exclusions category of your homeowner’s insurance to see what your existing policy doesn’t pay for. If you’re at risk for these scenarios, additional insurance policies are available (and may even be required from lenders if you’re taking out a mortgage).

Here are common exclusions not covered by Home-owners insurance

  • War
  • Neglect
  • Water damage (can be covered in certain geographical regions)
  • Earth movement (can be covered in certain geographical regions)
  • Power failure
  • Ordinance or law
  • Intentional loss
  • Nuclear hazard

In the case of the destruction of your home, many policies cover your loss up to an initial estimate, but some policies provide guaranteed replacement, which covers the complete repair or rebuilding costs.

Also, check your deductibles, the amount you must pay out of pocket before your benefits kick in. If you have the cash flow to handle the initial costs should anything happen, you may want to opt for a higher deductible to lower your premium. Claiming small losses on your homeowner’s insurance can increase your rate, and the insurer can cancel your policy in some circumstances.

Renter’s insurance protects against the loss or destruction of your possessions. If you are a renter, you want to make sure you have it, because your landlord’s insurance doesn’t cover you.

Renter’s insurance is often very affordable, and many landlords require it before accepting a lease. Similar to homeowner’s, renter’s insurance also provides your personal liability coverage. If someone visiting you is injured in your home, the insurance company pays. But there are also exclusions present in Renter’s insurance. Here are some common ones:

*Jewelry
*Electronic
*Computer Equipment
*Art
*Collections or Collectibles

To get the best possible coverage on your Homeowner’s insurance make sure to contact us at Parr Insurance
773-489-3001
2157 N. Damen Ave
Chicago, IL

10 Predictions: Sharing Economy 2016

2015 definitely marked the ever-increasing rise of the sharing economy company, with Uber continuing its massive fundraisings and quest for world domination, a complete lack of public offerings, and other big headlines. For all business in the sharing economy, insurance is still one of the most primary concerns. Insurers will be closely watching what happens  as they craft new coverage to respond to the evolving market.

Here’s a prediction for the sharing economy 2016 via Ronny Kerr @ Vator.tv

1. The bubble will continue to deflate

M any analysts a year ago expected that 2015 would be the year that the technology bubble burst. I classified it as a missed prediction because a burst suggests a more cataclysmic end along the lines of what we saw at the end of the dot-com era.Entrepreneurs will have to work harder to demonstrate the value of their startups if they want to raise capital. And those that do stand out and secure investor interest will not be raising as much money as their counterparts did in early 2015 or 2014.In other words, the market will come back to reality, which is a good thing.

2. Uber won’t file for an IPO
In a sense, Uber is like a puppy that grew huge really quickly, but still acts like a puppy. Though the company has expanded internationally in its quest for world domination, the company resembles a young startup in its ability to test new, innovative schemes (like UberEATS) relatively quickly.

3. Airbnb will file for IPO
Airbnb, on the other hand, is ready for primetime.
Today the company doesn’t have much serious competition, except from HomeAway, which was acquired by Expedia for $3.9 billion in November, and the traditional hotel industry. So not only will this IPO happen, but it will be a hot one.

4. Didi Kuaidi will acquire Lyft
Consolidation in the ride-hailing space is inevitable. In fact, it’s already underway.

5. Uber will succeed where Sidecar failed
Sidecar, one of the earliest ridesharing companies, announced earlier this week that it was shutting down. After serious competition with Uber and Lyft, the company had pivoted in early 2015 to food delivery. Unfortunately, competition in that sector is just as fierce, and ultimately Sidecar couldn’t cut it.

6. Several food delivery startups will go out of business

7. More unions will be approved for Lyft and Uber drivers
At the end of 2015, the relationship between Uber/Lyft and their drivers was looking really interesting.

8. Uber will invest heavily in fully autonomous car
It’s a bit optimistic to think we’ll be seeing fully autonomous cars on city streets by the end of 2016, but it could realistically come to fruition by 2020.

 9. Uber for friends (and maybe more than friends)
In 2016, we’ll see the rise of a line of apps and services promising the ability to “hail” or “rent” a friend on the fly.

10. Taxis will thrive
People still buy taxi medallions in the city, and I predict the number will even go up next year. Of course, for this to actually become reality will require more than just technology like Flywheel. We’ll need tighter regulations on the upstarts (Lyft and Uber) and more equal rules for the taxi industry.

Read more at http://vator.tv/news/2016-01-01-top-10-predictions-for-the-sharing-economy-in-2016#YgWCy68OJDbDQsLs.99
Sharing Symposium Toronto

Insuring the Sharing Economy

The first ever Canadian Sharing Economy Symposium was held on  December, 2nd in Toronto. The Canadian Sharing Economy Symposium drills down into how the new Sharing Economy platform business model is disrupting traditional businesses. Melissa Neis, Vice President of Parr Insurance was one of the panelist present at the Symposium. Important questions were directed towards Melissa which tackle the a lot of issues of the emerging Sharing Economy. Questions such as:

What does it take to build an insurance program for the sharing economy and what are some of the difficulties you face?
What are some things that businesses in the sharing economy could do to either improve their current insurance program or to ensure that they get a program that best suits their business model?

The keynote speakers were Marina Lao, Director of the Office of Policy Planning at the Federal Trade Commission and Tim Hudak, Member of Provincial Parliament, Niagara West-Glanbrook. This conference brings together the key change makers from multiple sectors and perspectives to discuss how the rapidly evolving sharing economy model has global and local implications that are changing markets, cities, and lives.

While this is opening up a number of opportunities, it is also raising complex legal and policy issues such as how best to address market failures; and manage concerns over consumer safety and tax compliance. This panel discussed as well the critical issue of labour in the sharing economy: are participants “employees” or “independent contractors”;  the problems and opportunities posed by these new labour relationships; and what legal and policy changes may be needed in response.

For more information on insuring businesses in the sharing economy, contact us today!

Parr Insurance Brokerage
2157 N Damen #2B
Chicago, IL 60647
P.773.489.3001
Melissa@parrinsurancebrokerage.com

 

Chicagoland Cooperator’s Expo

 Chicagoland Cooperator’s Condo, HOA & Co-op Expo

The Chicagoland Cooperator’s Condo, HOA & Co-op seasonal Expo took place at the Navy Pier Convention Center, on Wednesday, November  18th  from 10am-4:30pm. The Expo is for board members, property managers, condo, HOA and co-op decision makers. Dwight Zivo of Parr Insurance Brokerage was an insurance expert in one of the Advice Booths, a free advice panel available to attendees of the event.. The event was free.

The Chicagoland Expo is the largest expo in the state entirely dedicated to  connecting condo, HOA, and co-op managers, board members, and residents with  the professionals and service providers their communities need on a regular  basis. Between nearly 300 exhibitors, countless product demos, free advice  booths, and full roster of educational seminars, it’s literally a one-stop, custom-built marketplace for vendors, products and  ideas.

“The express purpose of the Chicago Expo is to help attendees make useful,  productive connections, gain valuable information, and network with their  peers,” says company president Yale Robbins. So if you’re a decision-maker for a condo, homeowners association, or co-op community—or even if you just call one home—and you have a pressing legal issue or an important project waiting in the  wings, you owe it to yourself and your community to drop by the Expo and  experience what it has to offer. It would take months to meet with the same  number of vendors and professionals a typical Expo attendee will interact with  in one afternoon on the show floor.

 A Learning Experience

One of the biggest reasons for board members, managers, and owners to visit the  show is the Chicago Expo’s full slate of free educational seminars. Custom-built to help anyone involved—or even just interested—in the administration of a residential building or homeowners association, the  2015 seminar panels will provide in-depth discussion of the legal,  administrative, management, and financial concerns pertinent to the region’s  HOA managers, board members, and residents.

If you are interested in attending the expo as an audience member to enjoy one the free seminars,  network with fellow individuals in your particular field of expertise or promoting yourself and  business as an exhibitor next time around please visit  http://fall.ilexpo.com/ to register!

 

The Soiree at SOHO Reminder

 

 

 

As a reminder, please join us at SoHo House tomorrow evening for a celebration in support of Collaboraction’s mission to Incite Social Change sponsored by Parr Insurance Brokerage.

Collaboraction is an arts organization that pushes the boundaries to explore critical social issues. The evening will feature live music and theatrical performances as well as passed appetizers and an open bar. All proceeds will go towards Collaboraction’s Human Capital Campaign to grow their leadership and guide them through their next twenty years.

It’s going to be a pretty dynamic event and we expect tickets will sell out quickly. Check out the invitation below for more details.

 

soho