Below is a preview of the winter issue of Business Buzz that will be sent to your Commercial Customers and prospects next week. Business Buzz is automatically sent on behalf of Agents to the email addresses of Commercial Customers that Agents have provided to ERIE. The story below about buy-sell agreement funded by life insurance will not shared with New York Customers.

If you do not want your Customers to receive this free newsletter, please reply to this email by Thursday, Dec. 4. We extended the preview period because of the Thanksgiving holiday. You can also set your preferences to opt out of future issues on agentexchange.com.
News and resources for business owners.
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Your Agent
Duckworth Ins Service Inc
14831 Broadway St | Midland, MD 21532-0000
(301) 463-2372 | rduckworthjr@duckworthinsurance.com
www.duckworthinsurance.com
Freezing Weather Maintenance
Weather Woes: Frozen Pipes
How to prevent costly damage
When the temperature drops, frozen pipes are one of the biggest risks of property damage. In fact, a burst pipe can result in more than $5,000 in water damage, according to safety experts at the Insurance Institute for Business and Home Safety (IBHS).

Who are the most vulnerable?

Many businesses are not prepared to respond to a natural or man-made disaster. Small and home-based businesses are particularly at risk because they may have all of their operations concentrated in one location that could be damaged or destroyed. For home-based business owners, weather-related disaster could mean losing a home and a business at the same time.

You should treat your small or home-based business like a big business and make a plan for the unique risks you may face. It's the best way to stay open for business.

How to prevent frozen pipes

Help prevent costly water damage caused by frozen pipes by using the following guidance recommended by IBHS and ERIE's staff of risk control consultants:
     
  Provide a reliable back-up power source to ensure continuous power for heat at your workplace.
  Place a monitored automatic excess flow switch on the main incoming water line to provide early detection of a broken pipe or valve when the space is unoccupied.
  Seal all wall cracks and penetrations, including domestic and fire protection lines, electrical conduit, other utility service line, etc.
  Hire a central monitoring company for your indoor and outdoor fire protection sprinkler systems. They could provide early detection of a sprinkler pipe water flow and rupture due to freezing.
  Install insulation and/or heat trace tape with a reliable power source on various wet sprinkler system piping in buildings without heat or that are unoccupied. This includes main lines coming up from underground passing through a wall as well as sprinkler branch lines.
  Insulate all attic penetrations and ensure proper seals on all doors and windows.
  Be aware: The freezing point for water is 32 degrees. It doesn't take subzero temperatures for a pipe problem to develop. If you suspect a frozen pipe, don't take any chances. Call a plumber immediately.
     
While emergency planning ideally is a year round priority, the start of the severe weather season in your area is a good time to refocus your efforts. Go to disastersafety.org for more advice on preventing winter weather damage.

Erie Insurance offers Customers a variety of risk control services and disaster planning resources, including OFB-EZ, a streamlined, business continuity planning toolkit developed by IBHS. It will help you develop a plan so your business can recover from business interruptions and resume operations. Contact us today to learn more about the business safety services that are available to ERIE Customers. Be sure to ask us how ERIE's staff of risk control consultants could help your business.
Business Continuation
Save Your Business from Disruption with a Buy-Sell Agreement Funded by Life Insurance
Find out how a business could be transferred without the need to sell off business assets
It's not something you want to think about, but it's something you should consider. Would your business survive if something happened to you or a business partner?

Many businesses are the culmination of the dreams of two close friends and business partners. Imagine the unthinkable happens, like a tragic car accident claiming the life of one of the owners. Having proper funding for a Buy-Sell Agreement could save your company in the event of an owner's unexpected death.

What is it?

A Buy-Sell Agreement is a contract that facilitates a seamless transfer of ownership upon the death of an owner. The agreement defines who will purchase the deceased's business interest and who is obligated to sell. The agreement also establishes the selling and buying price. Funding your Buy-Sell Agreement with life insurance is ideal for:
     
  Protecting the business from the financial impact of the death of an owner.
  Providing funds to purchase the deceased owner's interest in the business.
     
A Buy-Sell Agreement can provide peace of mind for the heirs, who will not be in the position of inheriting an asset they lack the expertise to run or have no interest in managing. It can also reduce the likelihood that the business or business assets will need to be sold, potentially below market value, in order to generate cash.

To learn more about funding a Buy-Sell Agreement with life insurance from Erie Family Life, contact us.

Erie Family Life insurance products are not available in New York. Neither Erie Family Life nor its Agent representatives give tax or legal advice. Please consult your attorney or tax advisor for answers to tax-related questions.
Auto Insurance
What Type of Auto Insurance Do I Need?
Figuring out what kind of insurance and how much you need
With all the different types of auto insurance coverage in the marketplace, Customers often tell us it can be confusing.

Let's say you're a real estate agent who drives clients to different houses or a florist who makes deliveries in a minivan. What type of policy and how much coverage do you need?

For additional premium or cost, one option may be to apply a business rate to your personal auto insurance policy, depending on your usage and ownership. Another option would be a business auto policy, which is not just for big businesses.

We can help you figure out what kind of policy is the right fit for your business.
Workers' Compensation
ERIE PaySense Makes It Easy
New billing program available to Customers
ERIE PaySenseSM is a new billing program that enables workers' compensation Customers to pay premiums by automatic debit based on their payroll cycle.

Here's how it works:
     
  Payroll information is submitted to ERIE PaySense each pay period.
  ERIE PaySense calculates earned premium each pay period.
  Funds are sent from your bank account to Erie Insurance via automatic debit to pay premium.
     
Program benefits include a better managed cash flow and potentially minimizing audit changes. No customer fees are charged by ERIE if the debit transaction fails for non-sufficient funds. (Contact your individual bank to review potential NSF fees.)

To learn more about ERIE PaySenseSM and the pay-as-you-go program, contact us.
Thanks for your business. Any time you have a question or need information on how to protect your assets and manage risks, please contact our agency. We're here to help.
This advertisement was sent to you by:
Erie Insurance Group
100 Erie Insurance Place
Erie, PA 16530-1104


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ERIE® insurance products and services are provided by one or more of the following insurers: Erie Insurance Exchange, Erie Insurance Company, Erie Insurance Property & Casualty Company, Flagship City Insurance Company and Erie Family Life Insurance Company (home offices: Erie, Pennsylvania) or Erie Insurance Company of New York (home office: Rochester, New York). The companies within the Erie Insurance Group are not licensed to operate in all states. Go to erieinsurance.com for company licensure information.

The insurance products and rates, if applicable, described in this e-newsletter are in effect as of Nov. 20, 2014 and may be changed at any time. Insurance products are subject to terms, conditions and exclusions not described in this e-newsletter. The policy contains the specific details of the coverages, terms, conditions and exclusions. The insurance products and services described in this e-newsletter are not offered in all states. ERIE life insurance and annuity products are not available in New York. Eligibility will be determined at the time of application based upon applicable underwriting guidelines and rules in effect at that time. Your ERIE Agent can offer you practical guidance and answer questions you may have before you buy.