General

Going the Extra Mile

The early snowfall in Western New York this past winter caught national attention when the Buffalo Bills had to play a “home” game in Detroit, because there was too much snow to get to the stadium. This is a rare problem for people in that part of the state. They...

Benefit Advisors — Educating Employers and Employees

There is a need to help employers and employees understand the changing landscape of benefits and the way in which they are funded. An increase in the offering of consumer-driven health care products has not translated into increased understanding on the part of consumers, thus exposing a greater need for educational tools and assistance from benefits professionals. The role of educating employers and employees lies with the benefits adviser.

An Ounce of Prevention

Many of us carry some type of insurance to deal with accidents and catastrophic loss. Finding the right combination of coverage is crucial for protecting your personal and/or business assets. The Merriam Agency takes pride in our ability to offer clients the coverage they need in order to achieve their protection goals. Finding and keeping an insurance plan, that is both comprehensive and affordable, is our top priority for our clients.

The Cost of Doing Business In New York

Established in 1895, the Merriam Insurance Agency is the oldest family-owned-and-operated business in the city. It has grown and expanded over four generations, but the fifth generation may not keep the business going, at least not in New York, said president Brian Merriam. "For my children, they know what it costs to live in this state versus other places, and they recognize it is more expensive to live here," Merriam told NewsChannel 13. "You will have less to show for it at the end of the year than you would in other states," he said. "So for them to choose to stay in New York, as I have, is highly unlikely." While the agency's profits are rising, Merriam says burdensome regulations and high taxes are major obstacles. It is a complaint shared by many business owners across the Capital Region and the state.

Do You Know Your Retro Date?

The retroactive date on your policy specifies the earliest point in time that your insurance policy will provide coverage. This is also known as your prior acts coverage. Your professional liability policy is written on a claims made basis including a retroactive date. This means, in order for coverage to apply, the claim must be made and reported to the insurance carrier during the policy period and must have occurred after the retroactive date on your policy.

Everything Changes

In the 30 years of my professional career in risk management and insurance, I have never come across an issue as divisive as the debate over National health insurance. I will admit, right up front, that I am an opponent to the idea. Categorically, I am one of those conservatives who are prone to side with Thomas Jefferson who was quoted as saying, “The role of government is to do for society what society cannot do for itself.” Likewise, I am apt to quote what was printed in the monthly periodical

Claims-Made Policies

Some recent inquiries have made us aware that it may be time to review the nuances of claims-made policy forms once again. Here is how Occurrence Policies respond to claims, as opposed to how claims-made policies respond. It is important to understand the differences. Occurrence Policies This is the insurance coverage form with which most people are familiar. Most Homeowner, Auto and Commercial General Liability policies are written on an “occurrence” basis. Coverage is triggered

Opportunities to Help Those in Need

In January of this year, I took my 16-year-old daughter, Kalina, to Haiti for a short-term mission trip. I hoped that, by showing her the poorest nation in the western hemisphere, she would have an appreciation for the bounty that is ours in America. Additionally, I hoped that she would perceive an obligation to someday help those who have not been as well blessed as we Americans. Even those who are below the poverty line here in our own country have available resources that those in poverty in Haiti do not. Four years ago I took a similar trip

What Comes to Mind When You Think About Spring?

What comes to mind when you think about spring? Tulips, motorcycles, tattoos, long rides and vacations. Are you insured for the season? We have insurance to fit your needs! If you have an accident or covered loss while more than 100 miles from home, trip insurance will pay for your lodging up to your policy limit. Is your motorcycle insurance up to date and your coverage adequate? Are your liability limits high enough to cover you in case of a loss?