CONTACT US
Enter your Name, Email Address and a short message. We'll respond to you as soon as possible.
1021223-00006-00
Advisor Name, designations
Financial Professional
Prudential Advisors
236 Broadway
Menands, NY 12204
Phone: 800-243-5334
Fax: 800-720-0780
Email: sales@ltmclientmarketing.com
Website: letstalkfinancialwellness.com
November/December 2024
Expect the Unexpected
Recent years have been exceptionally challenging! With a global pandemic, civil discord, flooding, and market volatility, business owners and individuals alike have a renewed appreciation for the value of risk management. Of course, insurance plays an important role in managing risks.
Protect Yourself and Your Family
The first task is to protect yourself and your family from major financial risks, such as the death or disability of a breadwinner or parent. Doing so is pretty straightforward.In a nutshell, most families should consider layering several types of coverage:
- Life and disability insurance;
- Homeowners or renters insurance, including liability insurance;
- Flood insurance (home insurance doesn't cover flooding);
- Car insurance;
- Umbrella insurance, which inexpensively helps cover any large claims against you over and above your basic liability insurance policy limits;
- Long-term care insurance;
- Professional liability insurance (errors & omissions, malpractice insurance, etc.).
Business Risk Management
Business owners have a more complex risk management task. They must create systems and contingencies that will allow them to continue operating through any crisis. Here's a brief checklist to help you get started:- Business continuity plans;
- Business interruption plans;
- Business owner's policy (BOP) – covers a variety of business risks, including looting;
- Employer risk insurance – protects against lawsuits from employees;
- Cyber risk insurance – protects against liability arising from accidental data breaches, hackers, and online theft.
No one knows what form the next emergency will take. However, an insurance and risk audit can help identify vulnerabilities and gaps in your coverage. It can also identify what types of insurance are not required for your particular situation.
Working closely with your insurance professional who knows you, your family, and your business is the best way to reduce your risks. After all, insurance professionals are trained to identify risks and design solutions to help protect you.
1062044-00003-00
Life insurance is issued by The Prudential Insurance Company of America, Newark, NJ, and its affiliates. Securities products and services are offered through Pruco Securities, LLC (Pruco) (member SIPC). Prudential and its representatives do not give tax or legal advice. Please consult with your own advisors regarding your particular situation. Prudential, the Prudential logo, and the Rock Symbol are service marks of Prudential Financial Inc., and its related entities, registered in many jurisdictions worldwide. Prudential Advisors is a brand name of The Prudential Insurance Company of America and its subsidiaries.
This newsletter is general educational information provided by a Prudential Financial Professional and is not intended to market or sell any specific products and services, but rather provide general information about the subject matter covered only.
Prudential Advisors and LTM Marketing Specialists LLC are unrelated companies. This publication was prepared for the publication’s provider by LTM Marketing Specialists LLC, an unrelated third party. Articles are not written or produced by the named representative.
The information and opinions contained in this web site are obtained from sources believed to be reliable, but their accuracy cannot be guaranteed. The publishers assume no responsibility for errors and omissions or for any damages resulting from the use of the published information. This web site is published with the understanding that it does not render legal, accounting, financial, or other professional advice. Whole or partial reproduction of this web site is forbidden without the written permission of the publisher.