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Ideal Insurance for Sailing Enthusiasts!

If you’re a lover of the open ocean and sailing to wherever your heart desires then lucky for you, the Yacht and Pleasure Craft Insurance Policy offered by Marathon Insurance Brokers could be the ideal coverage you’ve been searching the seas for!
We offer a Yacht and Pleasure Crafts Policy that’s as modern as today’s sailing enthusiasts- their lifestyles and concerns.
Our Coverage protects you and your vessel along with the gear, equipment and machinery against loss or damage caused by a wide range of perils. We also offer sighting expenses, salvage and other charges, clause for pollution hazard, medical expenses and death benefits.

The ideal policy for sailing enthusiasts comprises of all the factors of your lifestyle on the sea that matter to you.

Therefore, building a Yacht and Pleasure craft policy with us is customized for you, by you, with the help of our trusted and experienced team, guiding you every step of the way. Your perfect policy is built, taking into consideration all the essentials you want to keep a-float.

We check the seas and test the tides far and wide to ensure that the way is clear for each of our valued customers. Set sail with Marathon!

Protect What Matters Most! (How Important Is Your Home?)

One of our innate purposes as human beings is to protect what matters most, to us. It’s subconsciously engraved and even guides us in identifying our priorities.

Contrary to popular belief, home insurance, unlike car insurance, is not a requirement by law. You can legally own a home, without homeowners insurance.

The thought, however, of leaving the meeting place for your family, where you share love, memories and precious time together, wide open to the back door of risk, it need not be mandatory. We were made to protect!

Here at Marathon, your values are what guide every consideration we make when serving you. The coverage of your property depends greatly on a policy designed for you and the protection of your home. There is nothing like a natural disaster to test just what your property insurance is made of. You’ve heard many stories of rude awakenings, with policies not covering as much as one thought it would. The last thing you would want, should your business suffer the misfortune of a loss, is a delay in getting back on track.

Marathon’s first concern is you. We provide a full array of products and services customized to suit the needs of our clients. Before contracts are signed, we investigate your specific business needs, the risks seen and unseen that are involved and through our local and international insurance and reinsurance partners source appropriate insurance and risk management assessment and appraisal services.

The next time you think of the structure you call home, consider if your current policy is strong enough to support it.

Securing Tomorrow…Today

Marathon Insurance Brokers is one of the largest brokers in Jamaica with over twenty five (25) years experience. We represent a wide range of Property, Casualty & Employee Benefit Insurances.

We know the business of insurance and we know how to meet the needs of our customers. Marathon is committed to assisting you in “securing tomorrow, today”. The big question, however, is ‘how much do you know about insurance?’ the importance, the benefits, the financial security it can provide for you, your family and also your business; let us enlighten your darkness.

Insurance can reduce financial stress. No one knows what tomorrow may bring and unforeseen tragedies such as illness, injury, permanent disability, natural disaster or even death can lead to tremendous stress and grief. With insurance in place, Marathon will ensure that you or your family’s financial stress will be reduced, and you can focus on recovery and rebuilding your lives. In addition, you will have peace of mind knowing that you have guaranteed financial assistance from Marathon, should anything happen to your family or business.

There’s always a fear for sudden loss but insurance provides safety and security and reduce uncertainties in businesses and human lives.

Knowing the importance and benefits of insurance is one thing but being reluctant to act is another. Don’t wait until after a tragedy before you seek indemnity; as the saying goes, ‘it is better to be safe than sorry’. Marathon is here to help you in making the best decisions in maintaining financial stability and gaining security against potential risks. With Marathon, tomorrow starts now! Hence, our slogan ‘securing tomorrow…today’

The Dark World of Cyber Risks

Many businesses today, are keeping up with the vast changes in technology. As a business owner you want to advance your company and its operations through the use of technology, social media and transactions over the internet. This also plays a key role in how most organizations conduct business and reach out to prospective customers.

However, there is a downside whereas; those vehicles can serve as a gateway to the “dark world of cyber risks”. The sad truth is that your business is at risk of being targeted and taken down by hackers; business interruption, data loss/destruction, computer fraud and/or cyber extortion; dark world indeed, right?

Fret not thyself, Marathon Insurance Brokers can keep your business on stable financial ground should a significant security event occur; what you need is cyber risk insurance! But what is cyber risk insurance? In case you are overwhelmed with curiosity, cyber risk insurance is also referred to as cyber insurance policy or cyber liability insurance coverage. It is designed to help an organization mitigate risk exposure by offsetting costs involved with recovery after a cyber-related security breach or similar event. Many policies include both first-party and third-party coverage. First-party coverage applies to losses sustained by your company directly. Third-party coverage applies to claims against your firm by people who have been injured as a result of your actions or failure to act.

It is important to note that as part of a risk management plan, organizations must decide which risks to avoid, accept, control or transfer. Transferring risk is where Marathon comes into play. We will help you in getting the best cyber insurance policy for your company. It’s a “dark world” so let us help you secure tomorrow, today.

Marathon’s first concern is YOU!

Manufacturer, distributor, retailer, or restaurant owner? If yes, then you need Product Liability Insurance.

Businesses are like individuals; you try your best to avoid leaving yourself opened to the elements of life – then why leave your business at risk?

Product Liability Insurance is like health insurance for a company – It helps cover the costs when a product you sell hurts someone or makes them sick. Don’t get caught slacking! Anything can happen at any time; it’s better to be prepared.

Product Liability Insurance is designed to help protect your business from liabilities associated with:

  • Wrongful death
  • Food borne illnesses
  • Product injury lawsuits
  • Injuries suffered by bystanders
  • Illnesses from toxins in products
  • Property damage caused by defective products

Very few organizations recover from a major Product Liability claim. Where large numbers of persons are affected, Marathon will conduct a full risk analysis and design a program that’s effective and yet affordable… Make the call today. Marathon…#SecuringTomorrowToday

Are you treating your Employees right?

Ok, stay with me here.

Are you treating your employees right? All employers need to ask themselves this question. If there is a shadow of a doubt, then you need to ensure your business is covered.

Fidelity Guarantee Insurance protects employers from financial losses that are a result of employees who embezzle, commit forgery, fraud or steal directly from a company. Protection offered by Fidelity Guarantee Insurance can be designed to cover all employees or just an individual worker or position within a company.

Needless to say, no employee would willingly want to hurt their place of work – but some employees do actually bite and not just bark.

This is why it is important to establish trust between employer and employee. In the end, it’s beneficial to both parties.

Useful Tips to Find the Right Insurance Broker for Your Hotel Business

Hi reader! We thought the information presented in this blog posted by https://www.littlehotelier.com/ would be helpful for whether you own a hotel or thinking about it.

It might be difficult to find the right insurance broker for your hotel business, but it pays off in the end.

It’s always better to spend some time searching for the perfect one, rather than choosing the first one you run into.

A wrong choice can easily bring everything you did down and left you with irreparable damage. Here are a few useful tips to find the right insurance broker for your hotel business!

Determine your hotel insurance needs

Before you set out on your search for the perfect insurance broker, you need to ask yourself what kind of insurance your hotel needs.

Take a look at everything involved with your hotel and make a list – for example, you may need affordable auto insurance if you have transport or shuttle vans.

Create a list of insurance brokers offering hotel insurance

The brokers you look at should be specialized in providing hotel insurance.

Make sure you ask for references of other hotels like yours that they have serviced – and follow up on those references.

Take your broker to task

Before settling on any one broker, try to see how well each would handle the situation.

Show them everything that needs to be insured and carefully observe how they act. It’ll help you to assess their level of experience.

Determine whether they have business sense

Not all brokers know how to conduct business. You might find one that will request outrageous amounts of money to provide insurance for your property.

You shouldn’t need to haggle with insurance brokers, so having a few competitive quotes at hand is best practice.

Assess their claims management skills

If you hire a broker that isn’t good with managing claims (handling the situation in the event of loss of property, compensation, etc.) – you won’t be happy with how things turn out.

Ask their references how well they’ve managed claims in the past. Nothing short of a good track record is acceptable.

Be prepared for loss

As scary as it seems, understand that losing your property or income is a possibility that you should be prepared for.

Look for experienced agents

People that have experience and those that know what to do, even if more expensive, is the best bet for your accommodation business.

The more experience the agent has, the more money they will cost – but they will also do their job better.

Finding the perfect insurance broker takes research

You can’t expect to find the right insurance broker instantly. Sure, you might run into one that’s excellent very quickly. However, there might be better alternatives. It’s smarter to spend more time doing research about brokers!

Final words

If you’re a small hotel, your budget is limited, so you needn’t find a the most expensive or most experienced broker.

These expensive brokers usually work for very popular, and big companies so try to find one that has the best mix of price, experience, and service. Good luck!

Visit the original blog post at:
https://www.littlehotelier.com/r/property-management/useful-tips-find-right-insurance-broker-hotel-business-guest-blog/#

Author Bio

Joel Cordle is CEO of review leap. He is serious about his online presence. He likes to be active in social media market so he always keeps himself updated about the strategies used for presence. As he enjoys reading and writing about marketing and online reputation, his hobby is to write different blogs about reviews, ratings, negative feedback, gain loyalty, etc. He is a good advisor and he keeps suggesting people about how one can develop his online personality.

What is an Insurance Broker?

An Insurance Broker is a professional who offers, negotiates, and sells policies, acting as the middle man between insurers and customers.

One of the roles of brokers is to help consumers to assess the types of risks they face. Risks include natural hazards such as bad weather, hurricanes, tornadoes, fires, and floods. At the same time, brokers act on behalf of and in the interest of customers.

Comparison shopping is done to find the best deals and offer policies from more than one insurance company. Brokers also help their clients to outline risk management strategies, which are suitable for their profile. There are different types of risk to look into, including natural disasters, car accidents, credit risks, cash flow problems, legal liabilities, and others.

Insurance brokers discuss with clients and gather information for them. This is important as to understand their specific needs. Negotiations are done with insurance companies to be able to offer the best terms and premiums to clients.

The obligation of an Insurance Broker is to YOU the client; not the insurance company.

*Insurance premiums are underwritten by various insurance companies

Marathon takes to the streets of Kingston!

Marathon took to the streets of Kingston along the intersection of Trafalgar and Hope Road on Thursday, December 5, 2019, to promote the newly launched online platform, mibinsure.com.

The platform allows for choice, price and convenience for the consumer. Not to mention that you’ll be able to save up to 60% or more on motor insurance!

Marathon Speaks on Newly Launched Online Platform

Attending their first official event for the 3-month long campaign for MIBinsure, Auto Pub’s Christmas Sales Event on Saturday, December 7, 2019, held on location at 7 Braemar Avenue, our team did an interview with Kool 97 FM.

Interviewed were Communications Officer, Shannon Samuda and Producer, Llamond DeCambre.

Marathon in the Sunshine City!

Our MIBinsure team took to the streets of the sunshine city of Portmore along Portmore Parkway (Portmore Mall) on Tuesday, December 17, 2019, to promote the newly launched online platform, mibinsure.com.

The platform allows for choice, price and convenience for the consumer. Not to mention that you’ll be able to save up to 60% or more on motor insurance!

The platform also allows for the renewal of policies.

Is Your Property Insured?

You may ask yourself, when should I insure my property?

The answer is IMMEDIATELY!

Your business or home are two of the biggest and perhaps the most costly investments you’ll ever make in your lifetime, and as a home or business owner, it seems financially irresponsible to not purchase property insurance.

Then there’s…Why should I insure my property?

The most important reason to purchase property insurance is the uncertainty of the future, as you can’t predict what will happen in the next moment. If these doesn’t “sway” you, then maybe the below will:

  • Natural perils can strike anytime – Unfortunately, natural calamities, like flood, earthquake, cyclone, etc.; are the reality of today’s life.
  • Man-made risks can cause severe damages – Many times, even trendiest safety gadgets and security equipments fail to secure your property. As a result, man-made threats like riots, terrorism, strike, thefts, etc.; can arise anytime.
  • Business loss can arise to disrupt your growth – Imagine a scenario, where you would have to face heavy losses due to the breakdown of your machinery. In such a case, if you have a suitable office insurance policy, you would be able to get a compensation against business loss incurring during the time-period.
  • Accidental damages can arise – While most of the people do not pay heed towards this point, however, office equipments like furniture, appliances, etc.; can cost a lot if you put them together. Hence, getting content insurance is necessary to get financial coverage in case of any loss or damage.

You might want to take heed and have knowledge of the least preferred times to purchase Property Insurance.

  • Beginning or during a Hurricane Season
  • Threat of a Hurricane to the island: It is less likely that Insurance companies will accept policies during this time

Note that during these times, the insurance premiums are very high.

 

 

Marathon Help Desk Feature – Part 1

We, at Marathon Insurance Brokers (MIB), have remained committed to excellent insurance brokerage service over the past 25 years, updating and modernising our systems and services so that we offer the best coverage options to our clients and customers at all times. We are happy to announce that MIB has taken giant steps to simplify the motor vehicle insurance process, giving thousands of Jamaicans fast, easy and direct access to a wide range of coverage options with the introduction of its innovative online platform, Mibinsure.com.

Our online platform has ushered the local insurance industry into a new modern high-tech era where every Jamaican seeking coverage for hard-earned assets is able to compare offerings from multiple insurance companies and access the best policies they can afford. Clients using Mibinsure.com are able to renew their motor vehicle policies online and print their cover notes themselves. The platform now allows for the online processing of motor vehicle insurance, cover notes and invoicing. The next big Marathon step will find customers renewing their policies, reporting claims and having their claims settled on the online portal.

 Mibinsure.com, the result of five years of innovation, is the latest step in this continued programme of upgrade. The platform is to be further expanded to provide wider services to the industry. Log on to Mibinsure.com and we look forward to your feedback.

 

Shannon Samuda

Communications Officer

Marathon Insurance Brokers

smsamuda@mibja.com

Marathon Help Desk Feature – Part 2

Dear Shannon,

Q: What is a no-claim discount and how can I access this benefit?

A: A no-claim discount is one that you earn after having an insurance policy established in your name and not in an accident during insurance coverage period.

It makes good sense for you to avoid accidents at all costs, not only for the purpose of discounts, but safety on the roads which is key.

Discounts on motor vehicle insurance are available on Mibinsure.com. In addition, each insurance provider offers a whole set of discount possibilities and these you are able to explore, compare and choose your best fit.

Mibinsure.com provides you with a number of discount options, up to 60 per cent of the value of your policy. One of the great features of this platform is that you are able to browse all the policy options, including discounts from 10 top coverage insurance providers and choose the one that best suits your pocket. In fact, you are able to insure your vehicle quickly and with ease at affordable rates.

Looking forward to responding to your questions.

 

Shannon Samuda

Communications Officer

Marathon Insurance Brokers

smsamuda@mibja.com

Marathon Help Desk Feature – Part 3

Q: My new boyfriend has been driving my car and he is not a named driver. I have been reluctant to put him on my insurance because the relationship is still pretty new. I need an open policy that allows him to drive, which will not hike my insurance cost and not force me to name him on the document. Help!

A: It is very important to ascertain from your agent/broker/insurer if your current motor vehicle insurance policy is restricted or open. If the policy is restricted, then it is recommended that he is named on the policy to avoid a breach of your policy in the event of an accident. If the policy is open, you need to verify the driving age and licence requirements of your policy. If he meets the criteria, then he may occasionally drive your vehicle. However, if he is to be a regular driver on the policy, we would recommend adding him to the policy.

Reader, please remember that the cost of a claim can far exceed the additional premium required for the amendment to your policy.

Q: I just want to congratulate Marathon Insurance Brokers for taking this big step to bring so many policy options directly to us customers. I note that Mibinsure.com focuses on private motor insurance only. Can you tell us about any other plans that will be of benefit to us in the future?

A: Thank you for your kind sentiments. Mibinsure.com allows customers a one-of-a-kind experience by providing quotes from multiple insurance providers. It allows the customer to customise their policies to suit their individual needs. Not only can you compare quotes, you can purchase your policy and print your cover note and certificates from anywhere in the world. Additionally, through Mibinsure.com, you can access premium financing up to nine months … no hassle! We will further develop our online platform to allow our customers to report a claim online, check their statuses, and process their entire claim online without them having to visit our office. Our online platform will therefore be transformed into a one-stop shop for all your insurance needs. We ask that you leave the worry to us.

 

Shannon Samuda

Communications Officer

Marathon Insurance Brokers

smsamuda@mibja.com

Check out our Newsletter!

Business Interruption Insurance also called Consequential Loss or Loss of Profits Insurance provides cover for financial losses to your business, resulting from material damage to property caused by a catastrophe such as a hurricane or earthquake.

Apart from physical damage, the insured will most likely suffer loss of income and increased operating costs.  A lot of businesses are wiped out because they did not have this very affordable insurance protection.

Please see link to the full newsletter for more details: MIB January 2020 Newsletter

Also remember to subscribe to our newsletter.

Marathon Help Desk Feature – Part 4

Using A Broker Service To Purchase Insurance

Q: I have never considered using a broker service to purchase car insurance before, but I am seriously thinking about it. Can you please tell me what are the major benefits of using a broker, and what guarantee do I have that my claims will be processed without delay, despite not going to a provider directly?

A: One of the main benefits of using an insurance broker is that the broker has access to all insurance companies and policies. They will then advise you on the insurance coverage most suitable to you with the best price.

In the event of an accident, the broker is your ‘lawyer’. They adjudicate the settlement of your claim, while the insurance company is ‘judge and juror’. Always remember that while the assessor works for the insurance company, the broker works for you.

Should you file a claim, your broker will handle all matters, thus minimising the hassle and stress on you. As such, your claim is finalised in the shortest possible time.

 

Q: I am the person in my family tasked with the responsibility of purchasing insurance for multiple vehicles. Of late, I have been suffering from ill health and the mantle had to be passed to our son. While I trust our boy to do his best, I would like to be in a position to guide him on this major mission. Is there a way I can locate coverage choices for multiple cars, in a single place, so that I can compare prices and benefits without spending more time than I can afford online?

A: Mibinsure.com allows you to compare quotations from 10 insurance companies on one platform. The fact that you are insuring more than one vehicle, you are able to ascertain substantial discounts; but the most important benefit is to have 10 insurance companies competing for your business.

Email questions to:

Shannon Samuda

Communications Officer

Marathon Insurance Brokers

smsamuda@mibja.com

Marathon Help Desk Feature – Part 5

Q: I am very much interested in purchasing a newer model vehicle but I haven’t given much thought about insurance. A lot of persons are advising me that my premium will be very high but this will be my first car and I would very much like to purchase something which suits my taste. Is there a way for me to check the best deals before purchasing car insurance to influence the decision making process?

A: You are on the right track. Some makes and models are much more costly to insure than others as insurance premiums vary widely between different models. While you may have a particular preference in mind go to www.mibinsure.com and look at what the various models and years along with the various coverage will cost you.

 

Q: Is it ok for me to have a learner driver driving my car – with me in it of course?

Thanking you for a response.

A: You may breach your insurance policy if you allow a ‘Learner’ even with you present to drive your vehicle. We suggest that you read the terms of your policy and if you remain in doubt – call your Broker.

 

Shannon Samuda

Communications Officer

Marathon Insurance Brokers

smsamuda@mibja.com

Marathon Help Desk Feature – Part 6

Q: Thanks for your very informative column. I must tell you that every year when the time to renew my car insurance is coming around, I literally get sick. I dread the thought of forking out thousands of dollars to pay for coverage in one go and even though there are quarterly payment options, it still offers me little comfort. I am paid fortnightly and was wondering if there is any help available anywhere that would take into account how I earn so that paying car insurance is not such a burden on me and others like me?

A: Thank you for the kind sentiments. MIBinsure.com offers the option to renew your policy online, which is much more convenient for the customer. In regards to your payment, it depends on when you start the policy. For example, as in your case, you are paid fortnightly; it would be best to start the policy around that time as you would have the cash to pay for the installments. MIBinsure.com platform allows you to make multiple payments, however, you must ensure that the full monthly installment is paid before the due date.

 

Q: I have been browsing MIBinsure and love the experience. I was wondering if there is any penalty if I choose to change my insurance option mid stream. I have seen through browsing MIBinsure where I can get the same coverage for so much less than I am currently paying and want to change to the better offer. How do I do this?

A: We are pleased that you love the online experience as our aim is to offer the best customer service to the user. To answer your question – if you have a current policy, you would have to cancel that policy before you are able to open a new one. Here is what I would do, 1) Get the best possible quote from www.mibinsure.com. 2) Find out what it would cost me to cancel the policy. 3) If after paying the cost to cancel the policy I am still saving money, then I would cancel.

 

Shannon Samuda

Communications Officer

Marathon Insurance Brokers

smsamuda@mibja.com

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