Wellness: The Dangers of Sitting Down

Wellness The Dangers of Sitting DownNew Haven Business Insurance: Dangers of Sitting Down

Many jobs increasingly require us to stay sedentary. Financial transactions that required trips to the bank can now be done wirelessly. Emails can be sent instead of walking to a coworker’s desk. While it is faster and more convenient, there’s a slight downside to the increasing number of hours spent sitting down- it is detrimental to your health.

TV, computers and desk jobs have led to us sitting down more than ever. On average, we spend 9.3 hours a day sitting. We spend more time sitting down than we do sleeping. But our bodies aren’t naturally built for that type of movement and it’s taking a toll.

Sitting is also extremely detrimental because of the bad habits it creates. Those who site three hours or more per day watching TV are more likely to die from heart disease.

For most people, sitting for eight hours a day at work is inevitable. Those emails need to be sent. But simply getting 30 minutes of activity a day is not enough. Make sure to take periodic breaks throughout the day to stretch, walk in place, or take a quick walk around the building. Get up to talk to a co-worker rather than call across the office. Walking can burn 3-5 times the calories that sitting does, not to mention it can give your brain and eyes a much needed break from the glaring computer screen.

What are some of your tips to get off the couch or desk? We’d love to hear from you.

Offering our clients a suite of quality Personal insurance & New Haven County Business Insurance has been at the core of Sinclair Risk & Financial Management’s operations for more than four decades. Licensed in all 50 states, Sinclair has long been recognized for delivering superior products to our valued clientele, offering personalized one-on-one insurance advisory services from our team of experienced, professional agents. Contact us today for more information. (877) 602-2305

The Difference Between Auto & Exotic Car Insurance

The Difference between Auto & Exotic Car InsuranceThe Difference between Auto & Exotic Car Insurance

Each car is different. For instance, a 2013 Honda Accord LX and a 2012 Honda Accord LX marginally differ in look and performance. But this margin expands when you compare an Honda Accord with a Bentley Continental GT Speed or a 1966 Shelby 427 Cobra.

Purchasing an exotic or classic car is an investment in both time and money. So, why protect your baby with a standard auto insurance policy designed for standard cars?

Before you cross the t’s and dot the i’s, review the differences between auto and Connecticut exotic car insurance.

The Cost: If you are like most exotic and classic car owners, your Bentley isn’t your everyday car. Because standard cars are more likely to be driven often, purchasing exotic or classic car insurance is less costly. Insurance carriers presume that a loss is less likely to occur if a car has mileage restrictions (ranges from 1,000 to 7,000 miles, annually). In short, the less you drive a car, less risks you’ll face.

Storage: Unlike standard cars, insurance companies require exotic and classic cars to be placed in a fully enclosed garage (preferably one with a security system) when not in use. This requirement is intended to protect your car from severe weather conditions, theft and vandalism.

How Value is Calculated: A standard auto insurance policy utilizes Actual Cash Value (ACV) whereas exotic and classic car insurance utilizes Agreed Value. ACV assumes that a car’s value will gradually decrease over time, therefore offering a deprecated value. But for exotic and classic cars, an Agreed Value will be established. This means that the insurance company and you will calculate a guaranteed value that you will receive at the time of a loss.

Sinclair Risk & Financial Management has access to specialty insurance markets to find you the right coverages and features for your Connecticut classic car. We can secure a policy to protect the true value of your car, and include an option to increase coverage on the vehicle to reflect changes in market value anytime prior to a covered loss. We have programs that will insure collections worth millions. Give one of our professionals a call at 203.265.0996

What You Need to Know About New Haven Condo Insurance

What You Need to Know About New Haven Condo InsuranceWhat You Need to Know About New Haven Condo Insurance

Purchasing a condo is an exciting milestone. You want to protect your investment and make sure that you are insured against any unexpected events.

But condo insurance is different from a home or apartment. When you own a condo you are responsible for contents inside your home, not the condo association. A standard condo association policy typically covers the common areas. The pool, hallways, gym and outside structure of the building- in short, all of the common areas.

Make sure you review the condo association’s insurance policy. In some cases, certain parts of your condo may be covered. Some policies for example will provide coverage for fixtures within the condo if they are still in their original form.

With personal condo insurance, you can protect the actual personal value of your home. Condo insurance is available for a variety of coverages including personal property, replacement value of your primary dwelling, liability for property damage, bodily injury if someone is hurt on your property and liability for property damage.

Condo insurance is especially essential for high end condominium complexes. From the furnishings to appliances, custom finishes and personal property, the coverage required to protect your high end luxury condominium requires a more specific set of coverages than most.

At Sinclair Risk & Financial Management, our Private Client Group coverages are tailored for the specific insurance needs of New Haven, CT clients. We have access to particular markets that enable us to craft custom homeowner and auto insurance programs that reflect the true value of your property, your risk profile and your personal circumstances throughout the world. Contact us today for more information.

Connecticut Luxury Home Insurance: Check Insurance Before You Renovate

Connecticut Luxury Home Insurance Check Insurance Before You RenovateConnecticut Luxury Home Insurance: Check Insurance Before You Renovate

Many homeowners simply assume their insurance will still cover their home when they renovate and make any upgrades. One study of homeowners found that 48 percent believed they will always be covered by their original insurance policy. However this isn’t always the case. Doing significant upgrades can alter your entire insurance policy, depending on the amount of work done. And, in the case of luxury homes, the costs of not being properly insured could be devastatingly high.

Luxury and high end homes require specific, custom coverage that reflects the value of their property and possessions. High end home insurance policies involve a variety of different considerations. Insuring the property, high end furnishings, wall treatments etc., all requires a thorough appraisal and specific coverage that extends beyond a standard policy. Possessions are another crucial consideration as well. Classic and exotic cars, art collections, jewelry and any valuables require appraisal and coverage as well.

It is much more expensive to upgrade luxury homes- it requires higher quality of materials and labor to complete renovations. Thus, the cost of repairing or rebuilding your home is going to be significantly more. Your insurance policy should reflect that.

Don’t make the mistake of starting renovations on your luxury home without doing some homework on your insurance policy first.  A high-value homeowners policy should provide higher limits and broader coverage than standard policies and can include customized options for your home’s contents, other structures and additional living expenses.

At Sinclair Risk & Financial Management, we provide specialized insurance and risk management programs that are designed to protect the property and assets of our affluent clientele and their high value homes. We work with many individuals and families throughout Connecticut and beyond to protect their high value homes. Contact us today for more information. (877) 602-2305

Wallingford Commercial Insurance: Employees Risk Company Data

Wallingford Commercial Insurance Employees Risk Company DataWallingford Commercial Insurance: Employees Risk Company Data

In our mobile digital world, companies are facing increasing challenges to protect their sensitive data. From financial and vendor information to private client data, the stakes to protect their information is higher than ever. Yet a company’s cyber-security and data policy is only as good as their employees, who, according to an international by Cisco, don’t always follow company procedure.

According to the study, employees cited several reasons for altering security settings on their computers. The top reason was quite simple; they wanted to visit a particular website regardless of the company’s policy. Others though the company should respect their privacy, they wouldn’t know if they breached security protocol, or assumed that other co-workers did it as well.

Sometimes, the reason is simply monetary. It is cheaper to use the company computer, smartphone or tablet that is provided for them than their own devices.

Part of the issue is education. Many employees simply do not understand the reason for security procedures in the workplace. They may think its only purpose is to curtail their own extra-curricular non-work activity. While that may be partly true, employees often don’t understand the broader risk to the company they create by accessing those sites. That is the reason why companies have stringent data protection policies about sharing company devices, information etc. By making a concerted effort to educate employees in every level and department, a company can ensure their data policy is followed.

At Sinclair Risk & Financial Management, we’ll develop creative, unique solutions that are in step with an ever-changing and challenging economic landscape that affect your Wallingford business, insurance and risk management strategy, and profitability. Working with Construction InsuranceFood, Restaurant & Beverage InsuranceEnergy Dealers InsuranceManufacturing Insurance & Technology Insurance give us a call at 203.265.0996 for more information on our Wallingford, CT Business Insurance programs.

Connecticut High Value Home Insurance: When to Hire a Professional

Connecticut High Value Home Insurance When to Hire a Professional Connecticut High Value Home Insurance: When to Hire a Professional

Summer is a great time for home improvement projects. And nothing brings a proud homeowner more satisfaction that completing their own home improvement DIY projects. But while simple paint and spackle touch-ups are well within every homeowners’ skill sets, not all of us have the knowledge necessary to tackle large-scale home projects. So how do you decide when to hire out professional help and when to DIY it?

Homeowners tend to be more adventurous and successful finishing smaller projects. Plumbing fixture replacements, bedroom & rec room renovations, painting and basic repairs are all pretty common improvements that homeowners will tackle themselves, according to the National Association of Home Builders. Kitchen remodels, replacing roofing and internal projects such as electrical system, appliances and anything that requires technical training and/or licensing is typically left to professionals.

Another reason why homeowners choose to DIY is cost. However, it pays to do a quick cost analysis before you make that assumption. While you might save on labor costs, the materials, tools and time it takes to do a DIY project may not make it worth it. Especially since professionals tend to get better pricing and already have the tools necessary, it could end up being even more expensive.

And of course, you have to ask yourself if you enjoy doing them. Home improvement DIY projects aren’t for the faint of heart. Some can be difficult, time-consuming and messy. If DIY isn’t your thing, it may be worth it to hire a professional.

And, of course make sure with any big home additions or DIY projects you make sure your home insurance covers it. Sinclair Risk & Financial Management offers selected programs designed exclusively for our affluent clientele and their high value homes. These homeowners programs provide higher limits and broader coverage than standard policies and are designed for houses worth millions that often include expensive furnishings and cutting edge technology and equipment. Contact us today for more information. (877) 602-2305.