Is CT Long-Term Care Part of Your Retirement Plan?

Is CT Long-Term Care Part of Your Retirement Plan?
Do You Need CT Long-Term Care Insurance?

Connecticut long-term care, like life insurance, is a sensitive subject for many Connecticut residents. While no one wants to think about the onset of a severe disease or ailment, there is a strong likelihood that Connecticut residents will face some kind of health complication, which could result in the need for long term care. Statistics show that 70 percent of those who reach 65 will need long-term care, and with the average price of such care costing at least $250 a day, the bills often start piling up quickly. It is important that Connecticut residents understand their financial situation and the limits of their primary health insurance policy when preparing for their future.

Traditional health insurance coverage, including Medicare, is not designed to provide financial support for long-term healthcare treatment, procedures or other services.  CT long-term care insurance is designed to cover long-term services and supports, including personal and custodial care. These policies will reimburse policyholders a specified daily limit to help policyholders pay for services to assist them with activities of daily living such as bathing, dressing, or eating.

There is a wide range of care options and benefits that allow policyholders to get the services they need whether they are at home or in a care facility. These policies can be secured for individuals as well as couples who wish to share joint coverage. In many situations, purchasing a CT long-term-care insurance policy, and implementing strategic retirement planning, can be a way of making sure the future needs of you and your loved ones are met, by ensuring that no financial hardship befalls you or them as a result of a medical complication.

At Sinclair Risk and Financial Management we specialize in helping our clients manage their assets and funds. We offer comprehensive CT retirement planning services paired with comprehensive personal insurance products to provide our clients with the best solutions to protect themselves, their loved ones, and all their assets. Give our CT long-term-care insurance specialists a call today at (877) 602-2305 to learn more about all our services.

Fairfield CT Contractor Insurance: Common Winter Safety Hazards

Fairfield CT Contractor Insurance: Common Winter Safety Hazards Fairfield CT Contractor Insurance Common Winter Safety Hazards

As Fairfield contractors know, construction doesn’t stop when the weather begins to chill, but working on a Connecticut job site in the dead of winter comes with many hazards and challenges. It’s important at this time of year for contractors to begin preparing for all the winter weather nature has in store.  Construction site hazards can be created by a number of conditions and weather events. Cold temperatures, snow, ice, rain, and frigid winds can take a drastic toll on both workers and construction sites, which can cause work delays and costly repercussions.

Here are a few common hazards Fairfield contractors might face when encountering winter weather:

  • Snow, rain and ice build-ups can create slippery surfaces, cause erosion and even structural damage.
  • Slips and falls are some of the most common construction site accidents year-round, however the odds of such injuries increase exponentially. The Occupational Health and Safety Department recommends that site managers and workers inspect walkways, work platforms, scaffolds, stairs and ladders throughout the day to check for changes in environmental conditions, such as thawing or increased build-up.
  •  Icicles are another safety hazard which should be removed or roped off to avoid injury resulting from falling ice.
  • Site visibility is huge concern, and experts warn contractors not to pile snow too high or in areas which might obstruct the view of working areas.
  • Heaters can be a valuable asset, but can also create a safety hazard as well. Heaters should be situation in well ventilated areas and away from combustible or flammable materials.
  • Working long hours in extreme cold with low visibility creates prime conditions for cold injuries, ailments and accidents.
  • Over exposure to winter weather can take a greater toll on a worker’s body, as such it is important ensure that workers are wearing proper attires and for safety and warmth. Water repellent clothes, waterproof boots, insulated coveralls, gloves and headwear can all help keep workers warm on the job.
  • Bulky clothing can hinder workers’ job performance, limit mobility and the risk of becoming caught on or in machinery. The trick it so ensure that their layers and strive for warmth does not become a safety hazard.

As a Fairfield contractor your livelihood and reputation are at risk when working in less than ideal weather conditions. At Sinclair Risk and Financial Management we understand the vast array of risks Connecticut contractors encounter on a regular basis. We specialize in crafting comprehensive risk management solution to protect you, your workers and your assets.  Our specialists will help you find the perfect Fairfield CT contractor insurance coverage to meet your needs. From Workers Comp to Professional Liability, our Fairfield CT contractor insurance solutions will ensure that your operation is protected from any claim. Give us a call today at (877) 602-2305 for more information about any of our offerings.

Common Middlesex County Surety Bonds Used in Construction

Common Middlesex County Surety Bonds Used in Construction Common Middlesex County Surety Bonds Used in Construction

As we discussed in our previous post, surety bonds function very differently than insurance policies. They also play a very unique role in the construction industry. Middlesex County contractors and subcontractors will regularly encounter surety bonds throughout the course of their career and as such should be familiar with a few common types of bonds and how to obtain them.


Bid bond are obtained by a contractor or subcontractor when placing a bid on a project to guarantee that they have the financial resources to undertake the project at the set bid price. These bonds are the offer financial assurance to the project owner that a bidding contractor is serious and well prepared to undertake the project at hand. Once obtained bid bonds guarantee to the project owner that the principal will honor its bid and will sign all contract documents if awarded the contract. Should the principal refuses to honor the bid, the project owner is entitled to financial compensation for the difference between the winning bid and the next lowest amount, as well as any other costs incurred due to the contractor’s default.


Once a bid has been accepted and a project has been awarded to a contractor, the contractor will then have to obtain a performance bond. These bonds act as financial guarantees that a project will be completed according to the contractual specifications, especially completion time and price. Just like with a bid bond, if the contractor defaults or is terminated for default by the project owner, the owner may call upon the surety entity to ensure completion of the contract. This means that the surety company will either have to completing the contract itself by taking up the contract, select a new contractor to contract directly with the owner, or allow the owner to complete the work and compensate the costs incurred.


Payment bonds guarantee that subcontractors and suppliers will be paid what they are due. These bonds are slightly more complex because there are now multiple parties involved, however the agreement is still between the contractor and the project owner. Subcontractors and suppliers are listed as “beneficiaries” of the bond which also gives them the ability to sue the bond should a contractor fail to properly compensate them. The project owner benefits indirectly from a payment bond because the subcontractors and suppliers are assured of payment and will continue work on the project.

There are many more types of Middlesex County surety bonds available to contractors, including financial guarantee bonds, license & permit bonds, and various miscellaneous state and municipal bonds. At Sinclair Risk and Financial Management we offer a complete array of surety services to businesses through Connecticut. As part of our holistic risk management approach, we specialize in providing complete business insurance and strategic solutions. Our Middlesex County Surety Bonds specialists can help you secure the financial qualifications you need to stay competitive. Give us a call today at (877) 602-2305 to learn more about all of our unique business solutions today.

Fairfield County Personal Risk Management: What do Americans Fear?

Fairfield County Personal Risk Management: What do Americans Fear? Fairfield County Personal Risk Management What do Americans Fear?

Travelers recently released the findings of its second Consumer Risk Index report which measured public opinion about the general perception of risk involved in Americans’ daily life. The study, which was conducted in late July of this year by outside firm Hart Research, survey of 801 adults from different parts of the country to gain a better understanding of what American’s believe are their greatest exposures to losses and how individuals are managing those risks.

The survey found that 1 in 4 American consumers believe that the world today is very risky, with 6 in 10 respondents expressing concern that the world is growing increasingly risky. Some of the largest concerns included:

  • Distracted Driving- The vast majority, 89 percent, of survey participants believe that the distracted driving of other motorists increases the likelihood of them being in an auto accident. However, over fifty percent of respondents seem unconcerned about their own distracted driving habits impacting their chances of being involved in a crash.  Despite the proven statistics that teen and young drivers are far more likely to be involved in an auto accident, 1 in 5 respondents were “not at all concerned” about their young drivers’ distracted driving habits.
  • Loss of Private Data- According to the report, over eighty percent of respondents report some level of fear regarding personal privacy loss, yet only between 20 and 30 percent expressed major concerns about identity and personal data theft. However, this number may have increased due to the number of security breaches and cyber-attacks reported in the months after the survey was given.
  • Severe Weather Events- Nearly two-thirds of respondents showed concern about that superstorms and severs weather events were happening more frequently, and roughly 40 percent of respondents felt that harsh weather was a growing concern in their region. Yet just over a third of respondents felt that severe weather events could cause damage to their homes and property.
  • Financial Security- The majority of respondents expressed concerns about money and the security of their financial assets. While nearly seventy percent of the respondents reported that have acquired ample personal insurance coverage for their homes and vehicles, nearly all respondents reported some level of concern over their financial security.

Whether you share these fears or hold your own, you will inevitably face risk exposures throughout the course of your life. At Sinclair Risk & Financial Management, we understand that the world can be a scary place. That’s why we offer a complete array of personal insurance solutions that are customizable to meet the unique needs of each of our clients. Our Fairfield County personal risk management specialists will work with you one-on-one to assess your needs and craft a complete risk management strategy designed to protect yourself and all of your assets. To learn more about or holistic approach to Fairfield County personal risk management, we invite you to contact us today at (877) 602-2305. 

What are Middlesex County Surety Bonds?

What are Middlesex County Surety Bonds? What are Middlesex County Surety Bonds

Surety Bonds are important tools used in many industry sectors to mitigate risk and ensure that contractual obligations are fulfilled. While many professionals understand the value and necessity of this form of financial protection, few understand what a surety bond truly is and how the process works.

One of the most important things to understand about surety bonds is that they are not a form of insurance. Instead, these bonds are essentially a form of credit which involves three parties: the principal, the obligee, and the surety who ensures that the principal’s obligations will be performed. The principle is the entity acquiring the bond; typically these are businesses preforming a contractual obligation or mandate. An obligee is the party to which an obligation is owed. For example in the construction industry the obligee is often the project owner or manager, it can also be the general contractor when subcontractors are brought in no a project. The surety company is the third party offing financial assurance to the obligee in the name of the principle party.

Surety Bonds act like financial promises between the three parties. The principle seeks a bond from a surety provider to prove to the obligee that they have the necessary credentials and capacity to perform the functions being solicited by the obligee. Essentially, a surety bond ensures contract completion in the event that a contracting business cannot fulfill their obligations. Should this occur, the surety provider will either financially compensate the obligee for any incurred losses or find suitable means for contract completion, such as another contractor willing to complete the project. In turn, the surety would then seek compensation from the principle for any financial losses it sustained.

There are many different types of Surety Bonds available to Middlesex County businesses, including financial guarantee bonds, license & permit bonds, and various miscellaneous state and municipal bonds. At Sinclair Risk and Financial Management we offer a complete array of surety services to businesses through Connecticut. As part of our holistic risk management approach, we specialize in providing complete business insurance and strategic solutions. Our Middlesex County Surety Bonds specialists can help you secure the financial qualifications you need to stay competitive. Give us a call today at (877) 602-2305 to learn more about all of our unique business solutions today.

CT Hospital Insurance: Lessons from the Dallas Ebola Case

CT Hospital Insurance: Lessons from the Dallas Ebola Case CT Hospital Insurance Lessons from the Dallas Ebola Case

Is the American healthcare system ready for an epidemic? That’s the question on almost everyone’s mind after the U.S. Center for Disease Control and Prevention (CDC) recently confirmed that a man officially diagnosis as having the Ebola virus is being treated at a hospital in Dallas Texas. The diagnosis is the first of its kind on American soil and has generated widespread concern regarding the spread of the deadly disease.

Officials say that because Ebola is only spread through direct contact with a patient exhibiting symptoms, a widespread outbreak like the one happening in West Africa is highly unlikely in the States. However, a widely held consensus remains that an outbreak of the virus on American soil would be devastating to our already strained healthcare system.

The case has also generated public and media attention for another reason. While the CDC and public officials claim to be working on identifying who the man may have come in contact with over the last few weeks, media outlets and Dallas residents are voicing their concern about the lack of available information and the overall handling of the case.

According to reports, the ill man in Dallas was originally turned away from a Texas hospital after his first attempt to seek medical care. There is mounting public concern regarding that fact that the man was turned away, as well as concern over the impacts of this decision. Little is known about why the man was initially refused care, but doing so prolonged his diagnosis and exposed the man’s family members and an unknown number of others to the virus. It is unclear if the original hospital where he sought care will face an investigation.

While public hospitals have the obligation to offer treatment to any individual, privately owned hospitals do have the right to refuse medical care in non-emergency circumstance. However, under the Emergency Medical Treatment and Labor Act, all hospitals that accept payments from Medicare are required to provide emergency health care treatment to anyone needing it regardless of citizenship, legal status, or ability to pay. Due to the current classification as a World Health Organization epidemic, Ebola symptoms would be considered an emergency medical condition which needs immediate attention and quarantine actions.  As such, the hospital’s decision to turn the patient could have severe negative repercussions if negligence is alleged or proven in this case.

The healthcare industry faces a myriad of unique liability concerns, which can lead to increased risk exposures and operational complications. At Sinclair Risk and Financial Management, we specialize in problem solving and finding solutions to the challenges and risks our clients face. We offer a complete portfolio of business insurance products, from malpractice to workers compensation coverage, designed specifically to meet the needs of the Connecticut healthcare industry.  To learn more about our CT hospital insurance programs, give us a call today at (877) 602-2305.