Business Insurance Coverages – Cases #5 and #6 – Johnstown PA

The final segment in our video series about what insurance a small business actually needs.

Bad Luck Case #5
We review the need for Employment Practices Liability Insurance.

Bad Luck Case #6
A Key Man Life Insurance Policy would have been very helpful, giving the business valuable time to recover from the loss.

Call Maluchnik Insurance and Financial Services in Johnstown PA at (814) 255-7145

Business Insurance Coverages – Cases #3 and #4 – Johnstown PA

As we continue our series of business insurance examples…

See how Bad Luck Case #3 might have been improved with a Property Insurance Policy that included Debris Removal Coverage, along with Business Income Insurance.

Bad Luck Case #4 reveals a very real need for Cyber Liability Insurance with Data Ransom Coverage

Call Maluchnik Insurance and Financial Services in Johnstown PA at (814) 255-7145

Business Insurance Coverages – Cases #1 and #2 – Johnstown PA

What insurance does a small business actually need?
Much of a business’s success depends on how well it can overcome obstacles.

Maluchnik Insurance and Financial Services is here to help guide you through the perils that you likely don’t anticipate.

Bad Luck Case #1
In this example, the hefty legal and judgment costs would have been covered by Hired and Non-Owned Auto Liability Insurance, up to purchased policy limits.

Bad Luck Case #2
ACME had Worker’s Compensation Insurance that covered Julie’s expenses, but not Colleen’s. The state identified that ACME had misclassified Colleen, which led to hefty penalties and judgments for medical costs and damages.

Call Maluchnik Insurance and Financial Services in Johnstown PA at (814) 255-7145

Increasing Homeowners Liability – Johnstown PA

Hey, there. It’s Steph. As you can see, today’s a rough day at the office. But like many of you, work from home isn’t so abnormal anymore. With the events of our last year and many kids homeschooled, parents working from home, the resort vacations canceled, a lot of families made the investment to install a pool and bring a sense of vacation into their homes. Pools can be so much fun when proper measures are taken to prevent accidents from happening. But there’s a lot of videos on pool safety out there, so I won’t get into that today. But something I bet many of you don’t think of is, are you covered when the unexpected accident does occur? And that’s why you’re tuning in. The time is now to look into updating your homeowners policy’s liability.
Increasing liability on your homeowners not only gives you the added coverage, it also gives you peace of mind knowing you are properly insured, gosh forbid that situation ever occur. Now the big question with any coverage increase, “How much is that going to cost me?” To increase the liability will often be less than two of these pretty little drinks they were going to serve you at the resort you planned to hit this summer. That’s right. Not much at all. Just recently, I increased the client’s liability from $300,000 to $1M. That increased their policy no more than $30 for the entire year. So the time is now. Call to ensure you have things properly covered, whether you’re a pool owner, a pet owner, a parent, or the many other things that could happen on your property. Call Maluchnik Insurance at (814) 255-7145 today. Until then…enjoy those kids being at home!

Call Maluchnik Insurance and Financial Services in Johnstown PA at (814) 255-7145

Pet Insurance – Johnstown PA

Hey, everybody. With Christmas just passed and New Year’s just around the corner, it’s not too late to snag. One more gift for your fur baby to start this new year off right. Take a few minutes and consider pet insurance. Tucker’s sure glad I did. Pet insurance is something that is growing in popularity in our communities, and it should be. Because pets are not just pets anymore, they’re more like family, and it’s time we start treating them that way. We all have health insurance, so why shouldn’t our fur babies? At Maluchnik Insurance, we’re proud to be partners with Nationwide, which happens to be the leading provider for pet insurance. The insurance can cover many things, such things as flea and tick treatments, and also things such as surgeries and major illnesses, and everything in between.
Now the big question, is pet insurance is expensive? The answer is no. When you start breaking it down and looking at what all it covers, it’s actually quite reasonable and at Nationwide, they offer three different tiers for your pet insurance. So give us a call and see what options are best for you and your pet.
At Maluchnik Insurance, we’re proud to serve you and looking forward to hearing from you. Give me a call today at (814) 255-7145 to see what we can do for you and your family. And don’t forget to check out for all your other insurance needs as well. From our family here at Maluchnik Insurance to yours, have a very happy New Year.

Call Maluchnik Insurance and Financial Services in Johnstown PA at (814) 255-7145

What is an Umbrella policy? – Johnstown PA

Hello, this is Barry from Maluchnik Insurance and Financial Services. I wanted to talk to you for a minute or two today about a very important bit of very underused coverage in the insurance industry. This is what’s called a personal umbrella policy. We all know umbrellas are something that goes over top of us when we’re outside to protect us from the sun, from the snow, the sleet, the rain. So it protects anybody underneath that umbrella. That’s similar to what a personal umbrella policy does for you.
Everybody has their auto insurance, home insurance, boat, motorcycle, RV, snowmobiles. Has individual policies on each of those to protect them against bodily injury or property damage that they might cause and be liable for. So normally people carry as high as usually it’s $300,000 or less liability on their personal policies. So what would happen if, let’s say you had this million dollar umbrella policy and you were involved in a serious auto accident where somebody was hurt seriously, or maybe even killed. And you were held liable. Let’s say the judgment against you is $1.1 million, and you have the standard pretty common 300,000 liability protection on your auto policy.
Well, what happens then your auto insurer pays that $300,000 to the plaintiff, and then you’re on your own after that because they took care of what their responsibility was. They paid their limit. So if you didn’t have the umbrella, you would be on the hook for the other $800,000. Well, what would happen if you had that million dollar umbrella after the auto had paid its limit, that it would then go to the umbrella policy and that would pick up the other $800,000 out of your million dollar umbrella and you would be done with the claim.
So it’s really a very important coverage to protect your assets. We’ve all built up assets through the years, our 401ks, our IRAs, our homes, our toys, savings accounts, but that’s what an umbrella is there for. It’s there to protect all those things that you’ve worked so hard for in your life. And as I said earlier, it’s a very inexpensive premium to pay for the amount of protection you get.
If you have any questions, I’d like you to visit our new website,, or you can contact us through there or get in touch with us directly for free, no obligation quote. Hey, thanks for your time today. Have a great day and we’ll talk to you later. Thanks. Bye.

Call Maluchnik Insurance and Financial Services in Johnstown PA at (814) 255-7145