Orlando Florida Renters Insurance: Infographic

Posted on May 21, 2013 by Newman Crane

 Orlando Florida Renters Insurance: Infographic

Orlando Florida Renters Insurance

 

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Courtesy of Newman Crane & Associates Insurance, Inc. If you live in a condo, apartment, duplex, or house that you don’t own in Orlando Florida Renters insurance will protect you and your possessions from loss or damage. Similar to a standard Orlando homeowners insurance policy,  Orlando renters insurance is designed to cover your belongings inside your home.

Commonly, if you rent, your landlord has a Orlando insurance policy covering the building that you are occupying, but not your property.  Orlando Florida renters insurance is just the right tool to cover all of your possessions.  According to the Insurance Information Institute. (iii), the average premium renters insurance by state (2010) suggests that Orlando Florida residents can afford renters insurance for almost 20% less than some of the highest premium states. In addition, Orlando renters insurance can also cover you if someone is injured during an accident in your home and you are sued.

Orlando, Florida Rental Insurance Protection: How to Get It.

Your first step is to sit down with one of our qualified insurance agents at Newman Crane. We can an advise you on the type of Orlando, Florida Renters insurance you need and go over the options available, including coverage amounts, deductibles, and more. Call us at 877-874-4673 or fill out the form on this page.

Source: Insurance Information Institute: Facts on Renters Insurance

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Orlando Health Insurance: Affordable Care Act for Small Business

Posted on May 14, 2013 by Newman Crane

Orlando Health Insurance Affordable Care Act for Small BusinessOrlando Health Insurance: Affordable Care Act for Small Business

As healthcare reforms from the Affordable Care Act beginning to roll out, hundreds of Florida small business owners will now be required to provide health insurance for their employees. As with any large scale reform, implementation won’t be easy.

The federal government will employ hundreds of “navigators” to help uninsured Floridians enroll in health insurance plans in order to comply with the health care overhaul, the Affordable Care Act.

Beginning January 1st 2013 as many as 3.5 million uninsured people in the state will be required to have health insurance. To help assist this healthcare overhaul, Florida will receive $5.85 million in federal grants for navigators. These “navigators” will be a large mix of full- and part-time people determined by those who get the grants. The grantees may also train volunteers – teachers, guidance counselors, school nurses, business staff – to help spread the word and advise consumers.

Training for some prospective navigators has begun, but they don’t have much time. Grant applications are due June 7. Federal officials plan to announce awards by Aug. 15. And enrollment begins Oct. 1, when a federally run online shopping “exchange” will be launched listing insurance policies in Florida.

Last week, Health and Human Services Secretary Kathleen Sebelius announced that Florida’s 48 community health centers will get $8.1 million to help the uninsured enroll.

As this is still developing, many Orlando small business owners are anxious on how it may affect their business. What we do know is the consequences for not providing health insurance for your employees will result in a fine of $2000 per employee.

Based on a study from Enroll America & Census studies, there are:

  • 268,292 uninsured in Orange County, Florida
  • 55,174 72,734 uninsured in Seminole County, Florida
  • 72,734 uninsured in Lake County, Florida
  • 13,720 uninsured in Putnam County, Florida

At Newman Crane, we make it our priority to find your business the best and most affordable Orlando Health insurance plan. The right protection means a safer and brighter future, and greatly lowers the possibility of financial insecurity due to overwhelming medical bills.

Most healthcare policies cover your standard costs for doctor and hospital care, emergency rooms, prescriptions, lab tests, preventive care, and more. The coverage plan we recommend to you will be customized to best suit your needs, your family, or business situation and your budget. We will work with you closely to determine the best policy and will thoroughly explain your options. Give us a call today for more information on our Orlando health insurance policies - (407) 859-3691

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Orlando Business Insurance: The Problem of Big Data

Posted on May 6, 2013 by Newman Crane

Orlando Business Insurance The Problem of Big DataOrlando Business Insurance: The Problem of Big Data

Big Data uses computer to collect and crunch data for a variety of purposes, including recommending books, targeting advertisements and predicting stock prices. Lately, its use has been expanded to include finding new employees.

Gild is an emerging start-up that is hoping to capitalize on Big Data recruiting. Their algorithm crunches thousands of pieces of information and assesses 300 variables about an individual. Typical assessments for finding programmers include- where a person hangs out, types of language they use to describe technology, self-reported skills on LinkedIn and past projects. The algorithm examines both the traditional resume characteristics (past experience) and larger, data driven variables such as where they went to school and how that school was ranked by U.S. News & World Report.

Increasingly, academics and entrepreneurs have been applying Big Data to human resources, using data to search for talent and predict how well they will perform in a job. It is part convenience and part a way to get unbiased candidate assessments. Computers aren’t swayed by personal biases or judgments. Data looks at skill alone, not any other factors such as appearance, race, or gender that may nudge a recruiter’s judgment.

Big Data is extremely useful to businesses in many ways. It can help design and launch products, boost customer service, guide financial decisions and determine profits at the end of the year. But using it for recruiting has raised concerns. Numbers aren’t foolproof, and Big Data can’t fully comprehend an individual’s unique personality and traits. What if a candidate slips under the radar? Is data analysis a fair way to assess human candidates, or could it hurt the employer?

At Newman Crane, we have Orlando business insurance policies to protect Orlando healthcare providers from a number of potential losses, including liability and property damage. Contact us today for more information about our Orlando Business Insurance programs. (407) 859-3691

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Orlando Manufacturing Insurance: Manufacturing Industry Gets a Boost

Posted on April 19, 2013 by Newman Crane

Orlando Manufacturing Insurance Manufacturing Industry Gets a BoostOrlando Manufacturing Insurance: Manufacturing Industry Gets a Boost

Type “manufacturing trends” into Google and you will find a general sense of doom and gloom. Jobs are shrinking rapidly. Thousands of jobs have been outsourced over the last decade, and many companies have shut down their American manufacturing operations. However, several new developments point that this tide may be turning.

According to the Washington Post, the federal government is trying a new pilot program to encourage the manufacturing industry in areas that have eliminated or reduced factory jobs. The program grants 20-25 communities grants to develop “strategic plans” for their advanced manufacturing futures. The plans will identify the community’s strengths, potential products for manufacturing and the role the federal government could play in making that happen. Five or six of the communities will receive grants of $20 million each to implement their manufacturing plan.

The efforts, while small, come at a time where the manufacturing industry is shifting. China is no longer the slam dunk geographical choice it once was for U.S. manufacturers. Higher labor wages, the rising value of China’s currency and the cost of shipping goods from China have increased manufacturing costs- they are only 25-30 percent less than the cost of manufacturing in the United States. One estimate by AllixPartners predicted the cost of outsourcing manufacturing to China would be equal to the cost of manufacturing in the U.S. by 2015.

Some manufacturers may choose to stick it out in China, look for alternatives, or bring operations back home. But the high productivity of American workers, need for job creation, and growing emphasis on the manufacturing industry could help give it a much needed boost.

Operating a manufacturing industry is a complex and dynamic undertaking. We understand this at Newman Crane, which is why we offer far more than your typical business insurance policy to our manufacturer clients. We will help you determine what you need to protect your assets against a broad range of threats. Contact us today for more information about our Orlando Manufacturing Insurance programs. (407) 859-3691

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Orlando Business Insurance: Lowest Price Isn’t Always Best

Posted on April 15, 2013 by Newman Crane

Orlando Business Insurance Lowest Price Isn't Always BestOrlando Business Insurance: Lowest Price Isn’t Always Best

J.C. Penney ousted it’s chief executive Ron Johnson last week. The move comes amidst the retailers woes as they struggle to counter sinking profits and a shrinking customer base. The New York Times had a counter-intuitive hypothesis as to why this might be happening: J.C. Penney’s low prices.

It was the way they approached the problem. Previously, Penney’s had frequent sales and discounts available to shoppers. In a series of company overhauls, the retail giant stopped promoting sales and placed heavy advertising dollars talking about their “everyday” low prices. The strategy didn’t work and Penney’s dropped it.

It isn’t the low prices that is the problem, but the customer’s perception of them. Part of the lure of “getting a good deal” isn’t just the price, but the knowledge of how much they are saving. That is the reasoning behind why many retailers raise the prices only to lower them soon after, so customers can see the difference and visualize the deal they are getting. The retailers who do operate on “everyday low prices” such as Wal-Mart, rely on large volumes of repeat customers. They also provide data on competitor prices so shoppers can see the savings they are getting.

It’s a delicate balance between a retailer and consumer. It makes economic sense for a retailer to set and maintain one price. It costs time, money and manual labor to promote sales and change prices. It also keeps a more stable inventory. But customers’ idea of a great deal is based on a reference point. Known as anchoring, without a higher, initial price to compare it too, a customer can’t see the “deal” they are getting.

At Newman Crane, we have Orlando business insurance policies to protect your orlando retail operation from a number of potential losses, including liability and property damage. Contact us today for more information about our Orlando Retail Insurance programs. (407) 859-3691

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Orlando Retail Insurance: The Value of Mobile in the Shopping Experience

Posted on April 10, 2013 by Newman Crane

Orlando Retail Insurance The Value of Mobile in the Shopping ExperienceOrlando Retail Insurance: The Value of Mobile in the Shopping Experience

Mobile use is growing rapidly, and retailers are taking notice. More customers than ever now rely on their smartphones to make shopping purchases- so how can retailers capitalize on that in developing their mobile strategy?

A McKinsey article by Aaron Shapiro, CEO of digital agency Huge, describes a formula customers use to make their purchase decisions. It is know as TCPF: trust, convenience, price, & fun. Here’s how the formula fits into mobile use and why it is so essential to have a concrete, consistent mobile strategy.

Trust. A basic component of retail strategy, trust is essential for building a long term relationship between a consumer and the brand. (One need only to look at Lululemon’s current woes to see the damage of what can happen when trust is broken.) A retail company’s mobile presence should be consistent with the rest of their brand. If you pride yourself on customer service, that should be a forefront feature of your mobile site too.

Convenience. Arguably the driving factor of mobile shopping, convenience is a huge influencing factor in a customer’s use of mobile technology. Thus, a retailer’s mobile site should be optimized for easy use, from in-store apps to ordering items online. Especially in the small screens of smartphones, a clean, well-designed user interface is crucial.

Pricing. Mobile has forced retailers to be completely transparent in their pricing. With a few clicks, shoppers can pull up a competitor’s site and compare prices to get the best deal. If you’ve built up a strong brand presences and seamless mobile site, customers will pay more for trust in your brand, convenience, and a better overall experience.

Fun. Price, convenience, and trust aside, consumers often purchase things for one simple, guttural reason- it’s fun. Fun can trump convenience, price, and any sort of rational behavior. We buy things simply because we want them. Mobile represents a unique opportunity to make the shopping experience interactive for consumers, even when a salesperson isn’t present. From in-store shopping apps, to interactive games to creative shopping experiences, it represents a new avenue for retailers to engage with their customers.

At Newman Crane, we have Orlando business insurance plans to protect your orlando retail operation from a number of potential losses, including liability and property damage. Contact us today for more information about our Orlando Retail Insurance programs. (407) 859-3691

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Orlando Business Insurance: Why You Should Watch Out for Cyber Crime

Posted on April 4, 2013 by Newman Crane

Orlando Business Insurance Why You Should Watch Out for Cyber CrimeOrlando Business Insurance: Why You Should Watch Out for Cyber Crime

Cyber crime is defined by Property & Casualty as “criminal activity conducted via the internet and includes such things as malicious codes, hacks in which private client or company information is made public or stolen and disrupting normal operation.” Hackers can be profession ‘hacktivists,’ rogue employees, or a third party seeking financial game. And it isn’t just huge corporations. Any company that stores personal or health information is vulnerable to cyber attacks.

The most frequent forms of cyber attacks typically result from malicious code, denial service, stolen or hijacked devices, and deleterious insiders. The costs of a cyber-attack vary widely, depending widely on industry, company size, and the level of protection companies had in place against cyber-crimes.

In Ponenmon’s U.S. Cost of a Data Breach study, cyber breaches cost U.S. companies an average of $204 per compromised record. The costs include forensics to determine the scope of the breach, legislative costs from any subsequent lawsuits, notifying the victim of the breach, credit monitoring, public relations to repair the company’s reputation, lost revenue, and any fines or penalties. If caught quickly, it takes about 18 days to resolve an attack, but insider breaches took an average of 45 days to contain.

Cyber-liability has become even more of a threat with the expansion of Wi-Fi and mobile devices. While the technology has become crucial to business today, it also is an expanding liability. As workers increasingly work remotely, the private client and company information they use is no longer protected by a secure and monitored internet connection.

Orlando Businesses should take measures to educate employees and develop a comprehensive risk management plan to mitigate the risks of a cyber-attack. At Newman Crane, we have Orlando, Florida business insurance plans to protect your business operation from a number of potential losses, including liability and property damage. Contact us today for more information about our Orlando Business Insurance programs. 

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Why Your Orlando Business a Needs Mobile Site

Posted on March 29, 2013 by Newman Crane

Why Your Orlando Business a Needs Mobile SiteWhy Your Orlando Business a Needs Mobile Site

Mobile is everywhere. You just need to glance around. Smartphones are tiny bright dots of light swaying at a concert, they hold a permanent position next to the fork at a restaurant table, and have caused numerous collisions on the sidewalk between pedestrians unable to tear their nose from the screen.

Forbes recently compiled a list of mobile internet trends to get a sense of the future of mobile traffic. Here are a few of the top ones:

  • Nearly half of all American kids want an iPad for Christmas.
  • Global mobile traffic now represents roughly 13 percent of Internet traffic- it has increased 4 percent in the last two years as more people are buying items through their phone, using them to validate coupons, or checking social media sites and using the GPS apps.
  • Numbers from Pew Research Center show that nearly a third of all American adults own a table or e-reader. Only three years ago, that number was 2 percent.

What’s more, this phenomenon is only beginning. While a lot of hype is thrown about regarding the “mobile revolution,” in reality there are 5 billion mobile phone users in the world, but only 1 billion have smartphones. Globally, the mobile revolution is only beginning, and smartphone use is growing by 42 percent a year.

The bottom line is this: mobile is growing. Fast. And one of the most crucial steps to becoming a mobile savvy business is optimizing your website. No longer limited to the desktop, your website could be viewed on a smartphone, laptop, or tablet. If your website isn’t optimized for mobile use, it can be a huge traffic deterrent and you could lose customers. You want a responsive, well-designed site that adapts to fit every screen.

At Newman Crane, we have Orlando business insurance plans to protect your operation from a number of potential losses, including liability and property damage. Contact us today for more information about our Orlando Business Insurance programs. (407) 859-3691

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Orlando Retail Insurance: ROI of Trade Shows

Posted on March 28, 2013 by Newman Crane

Orlando Retail Insurance ROI of Trade ShowsOrlando Retail Insurance ROI of Trade Shows

Trade shows are a great opportunity for retailers. It is a great time to discover new vendors, network with clients, and get tips to boost your retail operation’s business. But they are also time consuming and costly endeavors. And not all retail trade shows may be right for your business. So how do you determine what is a good fit?

Evaluate the show. After you go to a tradeshow, take a moment to see if it is the right venue for your business. Try to identify any separate variables from the trade show itself. For example, if you sent employees who had not been trained to capitalize on the contacts they made at the booth, it may be your team that hurt your chances rather than the trade show itself.

Always go to the same show twice. There are a multitude of factors that affect your success at a trade show. When evaluating trade shows, always go to the same show twice. It also gives you a better chance at establishing a brand presence. For example, when customers typically attend a show with certain brands in mind that they will actively seek out. By keeping with a two-show policy, your first show gives you the chance to get noticed. The second trade show, you increase the opportunity of getting shopped. It will give you a more clearer picture of the success of a particular trade show and you can make a definitive call about whether it is beneficial for your business.

Track all show sales. Keep a careful account of all trade show sales that you made. If you made a contact that generated great business later, make sure to chalk it up to the success of the trade show. Follow-up can be a great tool in capitalizing on trade show success.

At Newman Crane, we have Orlando business insurance plans to protect your retail operation from a number of potential losses, including liability and property damage. Contact us today for more information about our Orlando Retail Insurance programs. (407) 859-3691

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Employee Benefits: Financial Wellness Contributes to Health

Posted on March 26, 2013 by Newman Crane

Employee Benefits Financial Wellness Contributes to HealthEmployee Benefits: Financial Wellness Contributes to Health

Wellness initiatives are the latest trend in employee benefit plans. Programs and services designed to help employees lose weight, control high blood pressure, cholesterol, and exercise are all great initiatives to improve their well-being. But what about their financial health?

Financial wellness is a challenge to many workers. It is also a key aspect to well-being. Physical health and financial health are not incongruous. Poor financial health contributes to stress, which can affect personal health and in turn further deplete financial resources. It’s a vicious cycle that is more interrelated than it seems.

On the employer side, investing in not only employees’ physical well-being but their financial health can contribute to better well-being overall and in turn improve productivity and retention. Investing in financial wellness helps employees to feel confident in managing their finances and feel more in control of their personal financial situations.

The mantra in financial wellness (and health in general) is that prevention is better than the cure. Encouraging small daily habits and behaviors coupled with a long term financial strategy can help improve financial wellness over all.

Looking after the financial health of employees has benefits for the company as well. Employees routinely cite benefits as a top reason for staying with a company. They feel more secure and taken care of. Good financial health also boosts retention rates and the improvement in overall well-being boosts productivity at work.

At Newman Crane, we understand the advantages of an Orlando Employee Benefits Plan. We offer options including planning for retirement, profit sharing plans, and traditional 401k plans and structures. We will work closely with you to create an attractive and affordable program. Contact us today for more information about our Orlando Employee Benefits program.

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