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Tips for Saving for Your Child’s Future

Saving for your child’s future is important, especially when you consider how expensive college is. Thankfully, there are a number of steps parents can take to start saving today in order to ensure their children are financially prepared for the future.The following are some easy tips to consider:Start saving the day your child is born and save as much as you can. Compounding interest will also make your savings grow.Save money on a consistent basis rather than on a random schedule… READ MORE

IRS Issues Guidance on Tax Credits for Coronavirus Paid Leave

Small and midsize employers may begin using two new refundable payroll tax credits to obtain reimbursement for the costs of providing coronavirus-related leave to their employees, the U.S. Department of Labor (DOL) and Internal Revenue Service (IRS) announced on March 20, 2020.This relief is provided under the Families First Coronavirus Response Act (the Act), which was enacted on March 18, 2020. The Act provides funds for employers with fewer than 500 employees to provide paid leave, either… READ MORE

How Coronavirus Could Impact Your Business’s Insurance

The coronavirus (COVID-19) outbreak continues to be a top-of-mind concern for organizations and individuals across the globe. As COVID-19 becomes increasingly widespread, it’s not only raising fears about the well-being of the general public, but it’s also disrupting business operations and creating insurance exposures.In fact, COVID-19 has already led to business interruptions, supply chain issues and significant liability concerns—all of which can open policyholders up to… READ MORE

Coronavirus Bill Requiring Paid Employee Leave Signed Into Law

On March 18, 2020, President Trump signed the Families First Coronavirus Response Act (the Act) into law. The Act requires employers to provide paid leave for some employees related to the coronavirus (COVID-19) pandemic, among other measures. The leave provisions of the Act take effect no later than 15 days after it is signed by the president.March 14, 2020 - The Act was passed by the U.S. House of Representatives.March 18, 2020 - The Act was passed by the U.S. Senate and signed by the… READ MORE

What to Do If You Witness a Car Accident

When you see a car accident, a calm, quick response can make all the difference. To ensure the safety of those involved in the crash, do the following if you witness an accident:Ensure your safety first by parking your vehicle away from the crash. Be cautious of broken glass, leaked fuel or open flames.Call 911, even if the wreck doesn’t appear to be severe.Check the victims after you’ve ensured your own safety. Offer to help.Have those involved in a crash turn off their… READ MORE

Marital Money Bliss:  What to Lock Down Before Tying the Knot

Getting married isn’t all about planning the wedding.  It’s also about planning for a happy, healthy financial future.  Here’s where to start.  As you’re planning your wedding, take time to plan your financial future as well.  Discussing your finances and goals with your partner can help you build a happier, more fulfilling life together.  The old saying about marriage is true when it comes to money too:  good… READ MORE

Oh No, A Claim! Now What?

The Chalmers Insurance Group team is here to serve you. This service includes assisting you and advocating for you in the event of a claim. If a loss occurs, please follow these steps.Your insurance contract requires that you report all claims promptly. Therefore, contact us as soon as possible after a claim. We will help you through the claims process and report your claim to your insurance company for you. An insurance company claims adjuster will be assigned to handle your claim. You should… READ MORE

Why Do I Need Personal Umbrella Liability Insurance?

Why do I need an umbrella policy?An umbrella insurance policy protects you from a downpour—that worst-case scenario where you could lose everything in a lawsuit.After a hectic work week, Jim Marshall was looking forward to a relaxing weekend with his wife and kids. He was just a few blocks from home when his cellphone rang. He glanced down to see who was calling. That split-second distraction was all it took for him to miss the approaching stop sign.Jim plowed into the side of a passing… READ MORE

Insuring A Second Home

What Coverage Options Are There For Second Homes?At a minimum, your lender will require that you carry hazard insurance to protect your property against damage from fires, earthquakes or severe storms. It is also a good idea to add liability insurance, which covers you and members of your household for accidental injuries to your visitors. Opting for property plus liability insurance adds up to a standard homeowners insurance package. For an extra layer of protection, a personal umbrella… READ MORE

The Importance of Certificates of Insurance

When accounting for risks related to contracted work, securing your own insurance is not always enough. It’s critical that your partners are covered as well. This is particularly important when you consider that, following an incident involving a contractor or vendor, your business could be the one held liable for any damages that occur.For the insured, COIs serve as proof of coverage—proof that can be provided to customers, contractors or other third parties quickly and efficiently… READ MORE