Super Bowl Sunday is one of the busiest days of the year for food consumption, and with that comes an increased risk of fire or injuries related to cooking at home.

Before throwing those chicken wings in a fryer, make sure you know about home cooking safety. The National Fire Protection Association (NFPA) reports nearly 48% of home fires are caused by cooking at home. While Thanksgiving Day tends to see the most home cooking fires, Super Bowl Sunday is not far behind.

Stay Alert!

• Stay in the kitchen while you are frying, broiling, grilling, or boiling food. The leading cause of fires in the kitchen is leaving food unattended while cooking. 
• Set a timer for anything being baked or simmered. It’s easy to get wrapped up in the play-by-play, and setting a timer will remind you to come back to check on your game-day delights.
• If you plan on consuming alcohol on Sunday, cook ahead as much as you can. Cooking prior to drinking is a safe bet, plus you can watch the game instead of the highlight reel!
• Clear anything that can easily catch fire away from your stovetop, like oven mitts, food packaging, paperwork, and kitchen towels. 
• Keep your lucky jersey and any articles of clothing close to your body at all times. Loose sleeves can catch fire quickly, which is not exactly the type of catch your guests were hoping to see. 

If You Have a Cooking Fire

• Keeping a lid nearby while you’re cooking can help to smother small grease fires. Slide the lid over the pan and turn the burner off. Leave the pan covered until it is completely cooled.
• If the stovetop fire is larger than a pan, evacuate! Call 9-1-1 immediately.
• For an oven fire, turn off the heat and keep the door closed. Call 9-1-1 if the fire cannot be contained by the oven door.

For more cooking safety tips for the big day and every day, visit: https://www.nfpa.org/.

When the Northeast winter hits, it can be a knockout! While those who live in the Northeast are a resilient bunch, a blizzard can prove dangerous to even the most seasoned dweller. 

Winter storms can be deceptive, Mother Nature unpredictable. Meteorologists have been trying to pin her down for decades. However, the best defense against her wrath is preparedness. 

Now/Prepare

• Stay informed. Sign-up for local alerts and monitor local weather forecasts. The forecast can change quickly throughout the day!
• Pack an emergency kit, just in case you lose power, containing these essentials:
  • 3-day supply of food and water for you, your family and pets
  • Flashlights with batteries to spare
  • Battery-operated radio
  • Extra batteries
  • Toiletry items
  • 3-day supply of medications
  • Extra blankets, clothes and outerwear
  • Cell phone chargers
• Winterize your home. Take preventative measures such as leaving cabinet doors open to ensure heat gets to the pipes in your kitchen or add weather stripping for extra protection around your doors and windows!
• Stock up on heating-fuel. Make sure you have enough alternative sources of heat, like oil, gas or wood.
• Identify a place nearby where you can safely warm up should you lose your heat.

During/Survive

• Stay indoors. If you must go outside, be sure to layer warm, loose-fitting clothing and stay dry.
• Ensure proper ventilation for alternative heating sources to prevent carbon monoxide poisoning.
• Stay off the roads to allow for emergency response units to get to where they are needed most.
• Close off unnecessary rooms to consolidate and retain heat.
• Keep your pets safe from outdoor conditions.
  

After/Be Safe

• For extended power outages, it may be in your best interest to go to a public shelter if the conditions allow.
• Restock your emergency kit if you used supplies.
• Consider raking snow off of your roof. The heavy weight of snow can damage your roof and cause unsafe conditions.

For more information regarding winter storm preparedness, visit http://www.ready.gov! 

Be sure to discuss your Homeowners or Renters insurance policy with your independent agent! While no one can predict a natural disaster, you can certainly Live Assured that Preferred Mutual has you covered. 

This information has been prepared and is intended for educational purposes only and is not legal advice and/or an authoritative guide. The information and content provided here is not intended to be relied upon for making personal, safety, insurance, medical, legal or other decisions.

#passthepicklejuice

Rock salt is one of the most effective deicing substances for roads and sidewalks during the winter season, but it poses some serious dangers to our ecosystem. The 2014 U.S. Geological Survey indicated 84% of northern U.S. streams have toxic levels of chloride (and rock salt is sodium chloride). So like most things, too much of it is a bad thing.

By the same process rock salt lowers the freezing point of snow and ice, alternative salty solutions can help ease the environmental impact while keeping roads safe. 

Many municipalities use a mixture of sand and rock salt to help with traction on the roads, but for smaller surface areas (like a sidewalk), having sand on hand can be enough. Sand absorbs sunlight which helps to melt snow and ice if applied on top of the fallen snow.

They say a good idea always starts with a cup of coffee, and repurposing your morning brew might be the best idea yet! Like sand, coffee grounds will absorb sunlight, retain heat and also provide a non-slip surface.  

Recent experimental deicing solutions has Bergen County in New Jersey stocking up on…pickle juice?

You read that right! One of the strangest alternatives, it can melt ice at temperatures as low as -6 degrees Fahrenheit or -21 degrees Celsius. 

Smelly? You bet, but a plentiful resource, indeed. Depositing less chloride into the environment than rock salt, pickle lovers around the world can collect spare brine over time and use it at home, eliminating waste and protecting wildlife, water, and humans from the harm of too much chloride!

Protect your customers and your business with these safety tips!

According to the Occupational Safety and Health Administration, “slips, trips and falls make up a majority of general industry accidents,” accounting for approximately 12,000 accidental deaths every year. Winter is underway, but it’s not too late for preventative measures!

Invest in non-slip floor mats and wet floor signs.

These small purchases can be the best investment a business owner can make for the winter season. Floor mats will absorb most of the snow and water tracked into your building by customers, and the wet floor signs will alert everyone to watch their step.

Make winter tools accessible.

Keep shovels and a small bucket of salt next to each entrance. This will enable any employee to address the conditions of your sidewalks as the weather changes throughout the day. Having a mop and bucket accessible on the inside can also ensure that your floors will stay clean and dry.

Don’t forget to look up.

Everyone knows about the liability risks associated with icy steps, but many overlook the dangers that could be forming on their roofs. Falling icicles can prove extremely dangerous to your property and customers, and ice dams can be devastating to your building’s infrastructure.  As part of your winter maintenance routine, be sure to remove snow off your roof after every storm.

Identify areas prone to winter hazards.

The best way to prevent liability situations is to take precautionary measures. As the person who knows your business best, anticipate those areas that become hazardous in the winter season. Identify and address places where ice quickly forms or where snow accumulation can make elevation changes (steps and ramps) hard to see.

Despite the dangers associated with colder weather, your customers trust in you to keep your buildings safe and operational if your doors are open for business. Live Assured with Preferred Mutual Insurance Company and call your independent agent today to discuss your policy!

Did you know that if you have a fire in your home, it is more likely to be fatal today than it was decades ago? The latest statistics from the National Fire Protection Association (NFPA) indicate just that. You might have only as little as two minutes to escape a fire, so it’s important to learn how to keep yourself and your loved ones safe.

Working smoke alarms are the most important thing you can do to help ensure everyone in the home is aware of a fire and able to evacuate. Fire officials state that most fatal fires happen between midnight and 8:00 am, and a working smoke alarm is often the only warning you’ll receive.

The following fire safety tips will help prepare you in the event of a fire:  

Tip 1 – Install smoke alarms on every level of your home, in each bedroom and near all sleeping areas.

Tip 2 – Test smoke alarms monthly to make sure they are working; replace batteries as needed.

Tip 3 – Replace smoke alarms more than 10 years old.

Tip 4 – Have a fire escape plan for your family. Practice it! Make sure everyone knows two ways to escape from every room.

Tip 5 – If a fire occurs, get out, stay out and call 9-1-1.

Additionally, paying attention to your surroundings and taking the smoke alarm seriously if it sounds can help save lives.

This information is intended for educational purposes only and is not legal advice and/or an authoritative guide.

 

As students go back to school this year, roads will become more congested with school buses and parents dropping off kids. It’s important to slow down and pay attention – especially before and after school. Here are some tips to follow as school gets back in full swing.

Tip #1 – Stop for school buses with flashing red lights! It’s illegal in all 50 states to pass a school bus that is stopped to load/unload children. The fines for doing so are steep. In NY, the first-time fine for illegally passing a school bus is $250-$400, plus 5 points on your license and the possibility of 30 days in jail.

Tip #2 – It is illegal to pass a school bus from behind when yellow lights are flashing. Flashing yellow lights means a bus is going to stop. Drivers behind the bus must slow down and prepare to stop. Oncoming cars must drop their speed to 20-25 mph (depending on state law) or less. Oncoming cars must stop when the stop arm is extended and red lights flash.

Tip #3 – Reduce Speed in School Zones! It’s the law! Be aware of where school zones are (they are often accompanied by flashing lights and a reduced speed limit sign), and slow down to the posted speed. Most states impose severe fines for breaking traffic laws within a school zone.

Tip #4 – Be alert! Kids can be unpredictable and dart out into the road when you least expect it. In addition to students that ride the bus, watch for students that walk or bike to school. Always yield to pedestrians in the road, make sure to stop for crossing guards holding up a stop sign, and don’t block a crosswalk when stopped at a red light or making a turn.

Tip #5 – Check your state laws for school bus stopping. State laws differ when it comes to stopping for a bus if you are on the opposite side of a divided highway, or how many feet away you should be stopping. In NJ, you must stop at least 25 feet away from a bus; in NY it’s 20 feet. In MA, it’s the law to stop no matter which side of the road you are travelling. The one exception is if a school bus has stopped on the other side of a divided highway with a barrier between travel directions. In NY, you must stop even if the bus is on the opposite side of a divided highway. In NJ, you can pass on the opposite side of a dual-lane highway with a safety island or raised meridian, but must slow to 10 mph. Make sure you are familiar with the bus laws in your state.

Please drive safe this school season, and help ensure the safety of our children.            

 

This information is intended for educational purposes only and is not legal advice and/or an authoritative guide.

 

 

It happened. You were in a fender bender in the grocery store parking lot. What next?

First, you aren’t alone. The car industry estimates that drivers are likely to be involved in at least 3-4 accidents in their lifetime. With the National Safety Council putting the number of yearly accidents (from small parking lot mishaps to multi-car pile-ups) at approximately 10 million, car accidents are not uncommon. 

Immediately after the accident, make sure everyone is ok and move to safety. Call an ambulance if there are injuries, call the police and file a report, and exchange insurance information with the other party.

Then, you’re ready to file and follow your auto insurance claim through the steps below. 

Step 1. File a Claim. The first step of the claim process is to file your claim. At Preferred Mutual, you can file your claim by calling your Independent Insurance Agent, calling Preferred Mutual directly at ​800.333.7642, or submitting your claim via email at claims@preferredmutual.com.

Tip: Know your coverage before you file. Check your policy for specifics, such as do you have collision or comprehensive coverage? (Collision coverage pays to repair or replace your car after an accident involving a collision, while comprehensive coverage pays for covered damages to your insured car, resulting from a peril other than collision, such as theft, windstorms, flood or deer.) Knowing your coverages specifics will help as your claim moves along the process.

Step 2. A Claim Number and Representative Are Assigned. Once your claim is submitted, it is assigned a claim number and representative. At Preferred Mutual, a Claims Representative will contact you within 24 hours of receipt to go over the details of your claim. They will verify information and ask questions about what happened, who was in the car, if there were any passengers, and if anyone was hurt. It is important to answer these questions accurately and to the best of your ability in order to help the claims process move forward. Remember: your Claims Representative is there to help you through the process!

Step 3. The Appraisal and Repair Estimate.  You filed your claim, it’s been given a claims number, you’ve heard from the Claims Rep and your collision and/or comprehensive insurance coverage has been verified. At this point, an appraiser is assigned and is sent to inspect the damage and provide an estimate for repair. Preferred Mutual appraisers will reach out to you within 48 hours of receiving their assignment to set up an appointment to inspect your vehicle.

Once the assessment is complete, the appraiser files an appraisal report. Your Claims Representative will go over the report with you, and send a check for the payment of covered damages. The check can be sent to you, you and your auto shop, or you and the lienholder (if you still owe money on your car).

Tip: If you know where you are having your car repaired, it’s a good idea to have your auto shop give an estimate of the damages. Then, your appraiser can review and determine an agreed upon estimate for the cost of the repairs.

Step 4. Watch for Hidden Damages. Sometimes, when the auto shop starts repairs they find additional hidden damages. If this happens, the auto shop should contact your appraiser who will either return to see the vehicle, or request that the auto shop submit invoices and photos if it’s a minor fix. A second check will be issued for the hidden damages.

Step 5. Completion. Your claim is considered complete, or closed, when repairs have been finished and your vehicle has been restored to its pre-loss condition.

 

This information is intended for educational purposes only and is not legal advice and/or an authoritative guide.

Each day the team at Preferred Mutual strives to give our customers the ability to live confidently, to Live Assured. This week we welcome Equipment Breakdown and Service Line Coverage to share their story with us!

How long have you been with Preferred Mutual?

I’m relatively new! I’ve heard that clients and agents alike are super excited I’ve arrived!

Ok, be candid. Why do I need you?

Whether you rent or are a homeowner, your living space is filled with devices, appliances and critical systems that keep you running. A broken sewer line can make your home uninhabitable! One power surge can destroy every electronic in your house! I offer a simple, comprehensive, and affordable solution that extends your homeowners policy to cover that broken sewer line, or a dishwasher, washing machine, dryer, sump pump – you get the idea – that had an electrical or mechanical breakdown.

What’s the #1 question people often ask you?

They want to know what I cover. I often tell them if an object uses electric power, then I most likely cover it! In the case of service lines, I provide protection against leaks, breaks, tears, ruptures, or collapses.

Can you give us an example of a typical event that you cover*?

Of course! This time of year is great for storms, especially those with high winds. High winds often lead to power outages, and we all hate losing power during storms! The storm hits, and you have a laptop charging and a TV plugged in when the power suddenly goes out. Power was quickly restored (yay!), but when power was restored, a voltage spike damaged your laptop and TV beyond repair. I would cover the cost of replacing the laptop and TV! As a side note, there are certain electronics that aren’t conducive to carrying high currents. That means laptops, cell phones and tablets are all a bit more susceptible to power surges.

It’s not all power surges though! I’ll cover electrical, mechanical, or pressure system breakdowns.

Quick! If you had to pick three words to describe yourself, what would they be?

Helpful, protector, and practical. I’m helpful to have in the event of an Equipment or Service Line Breakdown; I’m a protector – I’ll protect the equipment and systems that make your house a home; and practical – I’ll extend your homeowners policy to protect appliances and equipment, as well as critical systems like water, power, and sewer. I’m a practical solution to some potentially expensive events.

If you could give one piece of advice, what would it be?

Unplug your electronic devices when they are not in use, if possible. Unplugging can prevent equipment damage, and it’ll cut down on your electric bill!

Thanks for giving us the highlights! Where can I go to learn more or see if this is right for me?

I hope it was helpful! Visit our microsite to learn more about Equipment Breakdown and Service Line coverages, or contact your agent to add these coverages to your Preferred Mutual Homeowners policy.

Rest Assured with Homeowners Equipment Breakdown and Service Line Coverages

Things happen! We know all too well how unexpected events can occur, and how the associated expenses can affect even the best laid plans and budgets. Extend your homeowners policy with Equipment Breakdown and Service Line coverages to protect appliances and equipment, as well as critical systems like water, power, and sewer. In the event of a major breakdown, it can help save you thousands of dollars.

 

What is covered with the Equipment Breakdown and Service Line coverages?

Equipment Breakdown coverage protects you against unexpected repair or replacement costs due to an electrical, mechanical, or pressure systems breakdown. Simply put, if it uses electric power, it is most likely subject to equipment breakdown.

View our infographic on Equipment Breakdown Coverage

Service Line coverage provides protection against a leak, break, tear, rupture, collapse or arcing of a covered service, such as:

•     Artificially generated electrical current;

•     Freezing;

•     Mechanical breakdown, latent defect or inherent vice;

•     Root invasion;

•     Wear and tear, marring, deterioration, hidden decay rust or other corrosion; and

•     Weight of equipment, animals or people.

 

View our commonly asked FAQ’s regarding Service Line Coverage

Why do I need Equipment Breakdown and Service Line coverages?

One power surge can destroy every electronic in your home, and a broken sewer line can make your home uninhabitable. Either event can cost you thousands of dollars to fix. That’s where Homeowners Equipment Breakdown and Service Line coverages come in. They fill the gaps in your homeowners insurance as most homeowners’ insurance policies don’t cover the cost of repairing and replacing your home equipment when it breaks down. Equipment Breakdown and Service Line coverages protect the equipment and systems that make your house a home.

Visit our microsite to learn more about Equipment Breakdown and Service Line coverages, or contact your agent to add these coverages to your Preferred Mutual Homeowners policy.

 

This information is intended for educational purposes only and is not legal advice and/or an authoritative guide.

 

It’s a momentous occasion — your teen just got their driver’s license! While you’re proud of them for completing this milestone, it’s also a nerve-racking time as they hit the road on their own — and it should be. The statistics are concerning, as motor vehicle crashes continue to be the leading cause of death in the U.S. for 15- to 20-year olds. As a parent of a newly licensed driver, here are three tips to help your teen practice safe driving.

Three Tips for Parents of Teen Drivers

 

1. Set Driving Boundaries

Discuss driving guidelines and boundaries with your teen. Maybe you don’t want your teen to drive more than 30 minutes from home, or to drive around after dark for the few first months. Nighttime, drowsy driving is one of the leading causes of teen crashes. Whatever your rules may be; set boundaries with your teen driver.

2. Lead by Example

Practice sound driving when you’re behind the wheel. Follow the rules of the road — don’t race through yellow lights or pass cars in a lane separated by double lines. Avoid distracted driving, such as making a call or texting while driving. Your teen’s learning and driving knowledge starts with you.

3. Discuss Driving Risks

Talk to your teen about the risks of dangerous driving behaviors, such as drinking and driving, and distracted driving. Help them understand the hazards and consequences of these actions. Also, familiarize yourself with your state’s Graduated License Law, which places restrictions on drivers under 18-years of age who have a junior learner permit or junior driver license. Discuss the law’s restrictions with your teen, and make sure they are abiding by them.

This information is intended for educational purposes only and is not legal advice and/or an authoritative guide.

We’ve all done it at one time or another while driving — reach for that fallen french fry, look to the back seat to discipline the kids, or attempt to update the car’s GPS. Texting and talking on the phone count, too! They’re all ways of distracted driving, and all can increase your chance of an accident.

The statistics are staggering. The National Center for Statistics and Analysis estimates that in the US approximately 9 people are killed every day, and more than 1,000 injured, in crashes that are reported to involve distracted driving.

April is Distracted Driving Awareness Month. We hope you follow these tips this month — and always! — to promote safe driving.

5 Tips to Avoid Distracted Driving

1. Put your cell phone on silent, or better yet, turn it off

Don’t get distracted by a phone call or text, silence your cell phone, enable driving mode, or turn it off. And remember hands-free isn’t risk free!

2. Organize and get situated before leaving

Program your GPS, know your route, program your music, get out any toll money/prepare your E-Z Pass, and put your drink in the cup holder all before you hit the gas.

3. Have your passenger play DJ

We all like to mix up our music list. Have the front seat passenger play DJ to maintain your focus on the road. Passengers can also run the GPS, or send a text for you so you can keep your focus on the road.

4. Avoid eating while driving

Food spills are a main cause of distraction. Eat in a restaurant, find a rest stop, or locate a park to enjoy your food.   

5. Don’t multi-task

Make phone calls and send texts prior to driving. Driving demands your attention, but, as crazy as it sounds, it can also be your downtime, quiet time, or time to decompress before or after a long day.

This information is intended for educational purposes only and is not legal advice and/or an authoritative guide.

 

 

 

Are you one of the more than 81 million Americans that rent a home or apartment in the U.S.? Do you have a laptop? Flat screen TV? Gaming console? Designer clothing or shoe collection? Make sure you are protecting yourself and your belongings with renters insurance. Read on to determine the best coverage for you.

What Does Renters Insurance Cover?

Renters insurance covers theft, many common perils such as fire and liability. Renters insurance generally includes three types of protection:

1. Personal Possessions covers the items that you own while they are in your apartment, condo, or other rental home should they be stolen, destroyed or damaged.
2. Liability Protection provides protection against lawsuits for bodily injury or property damage done by you, your family member if they are residing with you or even your pets.
3. Additional Living Expenses covers hotel bills, temporary rentals, restaurant meals and other expenses due to a covered loss should you be unexpectedly forced from your rental.

Why Do I Need Renters Insurance?

Most landlords have insurance to protect the building, but their policy won’t cover your property or liability concerns. Without this coverage, you are taking on the responsibility of replacing your possessions out of pocket. It’s also important to note that renters insurance isn’t limited to the confines of your apartment. Most renters also carry a “content insurance policy” that covers valuables (TV, laptop, electronics) and items that are in your car.

How Much Renters Insurance Coverage Should I Buy?

The simple answer to how much coverage you need is enough to replace whatever was lost or damaged with new items. These days, insurance companies average that renters have anywhere from $20,000 - $30,000 worth of belongings, but you’ll want to take inventory of what you own. It doesn’t have to be as tedious as it sounds! You can take a room-by-room video of your belongings, download our Home Inventory Checklist, or watch our video on How to Create a Home Inventory.

When buying renters insurance pay attention to “fair market value” vs “replacement value.” Replacement value will cover the items as if purchased brand new today. Fair market value (also sometimes listed as Actual Cash Value), will cover the items for what they are worth now, taking depreciation and usage into account.

Ready To Buy?

When ready to purchase a policy, look for an agent or insurance company who sells renters insurance policies, and who takes the time to answer your questions. Independent agents offer a personalized experience and will be your main contact if you have a claim, accident or other emergency. Don’t forget to ask your agent about discount opportunities — you could save money if you have multiple policies, such as business or car insurance, or if your rental has a security system or smoke detectors.

Remember, renters insurance is versatile — it can move with you, be tailored to your needs, and can easily be updated to cover new possessions. Learn more about Preferred Mutual’s Renters Insurance by visiting our website or contacting your independent agent.

This information has been prepared and is intended for educational purposes only and is not legal advice and/or an authoritative guide.

The resurgence of the wood-burning stove as a supplementary source of heat has led to an alarming — and growing — number of fires, traceable to careless installation or misuse.

If a wood stove is installed properly and carefully operated, there is little safety risk. However, many people take shortcuts in an effort to save money or time. This often results in fires that destroy property and endanger lives. Always have a fire escape plan that you practice regularly with your family.

Here are some important safety do's and don'ts when it comes to fireplace safety:

• Do make sure there is enough clearance between the stove and combustible materials, including floors, walls and ceilings.
• Do place the stove on a noncombustible, fire resistant base that extends at least 36 inches around the perimeter of the stove.
• Do have a mason or other competent person inspect the chimney.
• Do burn only dry, well-seasoned wood. Burning green wood will cause combustible creosote to buildup in your stovepipe and chimney.Creosote is the cause of most chimney fires.
• Do consider opening a window a crack for ventilation.
• Do dispose of ashes in a closed metal container outside and away from the house.
• Do have working smoke detectors and carbon monoxide detectors throughout your home. Replace any detectors that are more than 10 years old.
• Do keep a filled fire extinguisher handy; make sure to replace it if it's beyond the expiration date printed on its label.
• Do have your chimney inspected at the start of every burning season.

• Don't extend the stove pipe through a wall or ceiling unless there is no possible alternative.
• Don't connect a wood stove to a fireplace chimney unless the fireplace has been sealed off.
• Don't connect a wood stove to a chimney serving another appliance or burning other fuels.
• Don't start a stove fire with flammable liquids, such as gasoline.
• Don't burn trash in a wood stove; doing so can start a chimney fire.
• Don't use your wood-burning stove for cooking.
• Don't store wood or other combustibles beside or behind the stove. Keep material at least 3 feet away from the stove.
• Don't burn pressure-treated, painted or stained wood because it contains toxic chemicals.
• Don't start the season without a chimney inspection.

 

1. Business Plan

   Writing a business plan is essential when starting your own business and crucial for success. A business plan generally maps out the goals and projects for the next several years. Key parts of a business plan include an executive summary, a company description, a market analysis, organization and management, service or product lines, marketing and sales, funding requests, financial projections and an optional appendix. When writing your business plan, focus on what will make your company unique and stand out from your competition.

2. Location

   Determining your business location may be one of the most important decisions that you make when starting your own business. Consider researching the area’s demographics, proximity to suppliers, competition, safety and crime rate, zoning regulations, as well as local and state taxes. Also, take into account if the area aligns with your brand image and if there is room for future growth.

3. Financing

   Research and find available government-backed loans, venture capital and research grants to assist with starting your new business.

4. DBA Name

   A “doing business as,” or “DBA” name, is a business name that is different than your personal name, the names of your partners, or the officially registered name of your LLC or corporation. According to the U.S. Small Business Administration, the legal name of the business defaults to the name of the person or entity that owns the business, unless you choose to rename it and register it as a DBA name. Register your DBA at your county clerk’s office or with your state government; however, note that not all states require the registration of DBA names.

5. Federal Taxes

   Learn what your federal tax obligations are that you will pay to the IRS, which are determined by the form of business unit that you establish, such as a sole proprietorship, limited liability company, cooperative, corporation, partnership or S corporation.

6. State and Local Taxes

   Along with your federal taxes, you must pay state and local taxes, which vary by state. 

7. Business Licenses and Permits

   Obtain required federal, state and local permits licenses for your business. This article from the U.S. Small Business Administration is a good resource for anyone trying to find out what licenses or permits they might need for their business.

8. Local Assistance

   Locate your local Chamber of Commerce and learn about membership benefits, which may help with marketing and advertising your new business. Another great resource is your local U.S. Small Business Administration office, which provides free training and business assistance.

9. Employer Legal Responsibilities

   Before you hire your first employee, get an employer identification number, set up records of withholding taxes, verify any potential employee’s eligibility to work in the U.S., register with your state’s new hire reporting program, obtain workers’ compensation insurance, post all required notices, file your taxes, and set up payroll recordkeeping.

10. Business Insurance 

Contact your independent agent and learn more about Preferred Mutual’s business insurance, which can provide protection for your business’ building, contents, equipment and income, as well as extra expenses needed to get you back in business.

                                                                 

(Reference/Source: U.S. Small Business Administration)

A new trend in home yard maintenance is popping up in the form of rain gardens. Rain gardens are a depressed area in the landscape that collects rain water from a roof, driveway or street and allows it to soak into the ground. Planted with grasses and flowering perennials, rain gardens act like a sponge and a natural sifter to help filter out pollutants in runoff, allowing for the cleaned water to slowly permeate into the surrounding soil.

You can install a rain garden on flat or sloped land, and it can be designed to take the shape of a ditch or pond. Installing strong native plants in the path of water runoff reduces the amount of water that reaches your house and helps prevent flooding or seepage into your basement, as well as nurtures plant life in your yard. Rain gardens will also provide food and a home for butterflies, birds and other wildlife.    

Below are some quick steps that you can follow to build your own rain garden:

 

1. Find a site that can absorb water (between 10 and 30 feet away from your home).
2. Determine the size and shape of your rain garden.
3. Remove the grass where your rain garden will be located.
4. Excavate the basin with a shovel or an excavator (9 to 15 inches deep should suffice in most cases).
5. Dig a trench and lay the inlet pipe that will carry water from one or more downspouts away from your house and to the rain garden.
6. Fill the basin with rain-garden soil except for the top 6 to 12 inches of the excavated area.
7. Add plants, grouping them in zones based upon each plant’s tolerance for thriving in a wet environment.
8. Add a three-inch layer mulch around the plants to prevent weeds from sprouting and to keep the soil moist.
9. Weed and prune the rain garden as it grows, as well as check the mulch depth each year and replenish as necessary.
10. Enjoy your new rain garden!

 

(Sources/References: U.S Environmental Protection Agency, HGTV and This Old House]

Summer is here and it’s the season for swimming, boating, paddle boarding and other water-related activities. When you participate in a water-related activity, make sure that you have a U.S. Coast Guard-approved life jacket for all participants. All U.S. states also have regulations regarding life jacket use by children. When selecting a life jacket, below are a few factors to consider:

Types of Life Jackets:

There are many types of life jackets to choose from depending upon the intended wearer’s age and what type of water-related activity they are planning to participate in. Styles include: auto inflatable, manual inflatable, belt pack inflatable, vest type, children’s hybrid inflatable, children’s life jacket, floatation aid, vest-type flotation aid, hunting mesh camo, waterfowl hunting float coat, inflatable fishing vest, touring whitewater paddling jacket, and offshore vest. These life jacket styles have varying levels of required maintenance, wearer’s recommended swimming skills, and type of activity that they are best suited for. For more specific information on choosing the right life jacket type, view the U.S. Coast Guard’s “How to Choose the Right Life Jacket” online guide.

Proper Life Jacket Fit:

A life jacket fits properly when it is snug and will keep your head above water. If it’s too large, it will ride up around your face; however, if it’s too small, it will not be able to keep you afloat in the water. When shopping for a new life jacket, consider the following:

• Read the label for the U.S. Coast Guard approval.
• Check that it is the appropriate size and type for the intended wearer. A life jacket should fit snugly.
• Adult life jackets do not work for children. To work correctly, a life jacket must fit snugly and not allow the child’s chin or ears to slip through.
• All zipper, buckles or straps should be secure.
• When trying on a life jacket, hold your arms above your head and have a friend grasp the top of the arm opening and gently pull up to test the fit.
• Make sure that there is no room above the openings and that the jacket doesn’t ride up over your chin or face.

 

Proper Care for Life Jackets:

Test your life jacket for wear and buoyancy regularly. If your lifejacket is ripped, waterlogged, faded, leaky, or has mildew, it should be discarded. In order to properly care for your life jacket, follow these steps: 

• Make sure that you use the life jacket properly.
• Dry it after each use.
• Hand wash the life jacket in mild detergent.
• Store it in a dry place when you are not using it.

 

Most importantly, when engaging in a water-related activity, wear your life jacket! 76% of all fatal boating accident victims drowned. Of these, 85% were not wearing a life jacket at all, according to the U.S. Coast Guard’s recent 2016 Recreational Boating Safety Statistics.

References: Safe Boating Council and the U.S. Coast Guard

The Fourth of July holiday is synonymous with gathering with friends and family for barbecues, parades and fireworks displays. Unfortunately for some families, along with the festivities come visits to the emergency room due to preventable fireworks-related injuries. According to the U.S. Consumer Product Safety Commission, 230 people on average go to the emergency room every day with fireworks-related injuries in the month around the Fourth of July holiday.

 

Follow these safety tips to prevent fireworks-related injuries during the Fourth of July holiday:

 

• Check that fireworks are legal in your area before buying and using them.
• Do not allow young children to play with or light fireworks. Sparklers can burn at temperatures of about 2,000 degrees Fahrenheit. 
• When lighting the fuse of a firework, never place any part of your body directly over a fireworks device. Then, back up a safe distance immediately after igniting the firework.
• If a firework has not ignited fully, do not try to re-light it or pick it up.
• Have a bucket of water or a garden hose close by in case of a fire mishap.
• Only light one firework at a time and then immediately keep a safe distance while the firework is going off.
• Once a firework has completed its sparks, douse it with water from a bucket or hose before discarding it to prevent a trash fire.

(Reference/Source: U.S. Consumer Product Safety Commission)

 

No matter how much we wanted those warm, summer days to stay, there’s no denying that fall is here and winter is not far behind.  So before those temperatures that make you want to stay indoors arrive, be sure that you’ve checked the following tasks off your fall home maintenance to-do list:

Fall Homeowner's Checklist

• Property inspected.  The landscape is clear of uneven areas that could pose a hazard once covered in snow, and all natural water flow is directed away from the house’s foundation.
• Trees trimmed.  Any trees or branches that could prove dangerous during a windy, or heavy winter storm have been removed.
• Summer equipment stored.  All water hoses have been drained, the external water supply has been shut-off, and all lawn equipment has been winterized. 
• Roof gutters cleaned.  Gutters have been cleared of all debris that could freeze, causing undo strain on the roof.
• House roof checked.  The roof has been inspected for any damaged shingles or soft spots and, if needed, repaired by a professional, decreasing the likeliness of any leaks or ice dams this winter.
• Air leaks sealed.  Any cracks or holes around doors and windows have been sealed using caulk or weatherstrip sealant. 
• Home heating source serviced.  A certified professional has inspected the fireplace/furnace/woodstove to ensure that it is in operational condition for the colder season and all fuel is safely stored.

While you can’t predict the severity of the winter season, you can protect your home from preventable insurance claims.  At Preferred Mutual, we believe that preparation is vital to living assured.

We've compiled this quick list for anyone who has ever wondered how they can save money on insurance costs, or wondered what type of discounts may be available.

• Consider increasing your insurance deductible.
• For auto insurance, consider dropping collision or comprehensive coverage as your car gets older.
• There are safe driver discounts, as well as other discounts for Driver Education Classes and/or Good Student Discounts.
• Look for other auto insurance discounts, such as insuring multiple vehicles under the same insurance policy or low annual mileage discounts.
• Discounts are available for vehicle safety features, such as airbags, anti-lock brakes (ABS), passive restraint (ex: self-locking seat belts, automatic door locks, passenger airbags), and anti-theft devices.
• Look for homeowners insurance discounts you may qualify for. For example, discounts may be offered if you have a central alarm system or smoke alarms, or if your home is new or recently renovated. 
• There are lesser-known homeowners insurance discounts available too, for things like having a no-claims history, being a non-smoker or even being over the age of 55 can qualify you for discounts on your homeowners insurance. 
• Bundling your auto insurance with your homeowners or renters insurance will also qualify you for more savings. Having the same insurance company can provide both credits and convenience.

We would also recommend giving a local, Independent Insurance Agent a try (if you don't already use one). They work with a number of different insurance providers and can help guide you quickly and easily when it comes to finding the right insurance coverage for you, for the best price.

“Actual cash value” is one of those terms that can be easily overlooked when reviewing your insurance policy.  However, should you ever need to file a claim, understanding this term and how it applies to your possessions will become extremely important.

Actual cash value is what an item would cost to replace in new condition (replacement cost) minus the cost of wear and tear (depreciation).  In other words, replacement cost is likely what you paid for the item brand new and actual cash value is how much the item is worth today, in an undamaged state.  The confusion between these two terms is why many policyholders overestimate how much their insurance company will reimburse them after a loss.

Imagine you purchased a brand new car in 2013 for $20,000.  Three years and 45,000 miles later, you’re involved in a motor vehicle accident that results in your car being labeled a “total loss”.  Many policyholders make the mistake of assuming that they would be provided with cost of the car when it was brand new (in this case, $20,000).  However, your insurance company would actually reimburse you for the actual cash value of the car, which would be $20,000 minus three years of wear and tear.  Actual cash value also applies to personal property that can depreciate in value with ongoing use, such as furniture, clothing, electronics, and cameras.

Insurance, with its jargon and complex terms, can be intimidating.  However, don’t let that deter you from understanding what would happen to you financially in the event of a catastrophe or claim.  After all, when you understand your coverage completely, you can live assured.