EARN DIVIDENDS ON YOUR BUSINESS INSURANCE
ARE YOU A MEMBER OF THE CHAMBER OF THE NORTHERN POCONOS? Not a Chamber member, that's ok too!
Wouldn't you love to get a dividends check handed to you? We all would! Join us on Wednesday, October 11th as licensed agents from Olsommer-Clarke Insurance will be on hand to answer questions on how your business insurance can make you money!
Eligible lines offered through this program include:
• Commercial auto
• General liability
• Package policies
• Inland marine
• Workers’ Compensation
How It Works
Dividend earned is based on the total group premium and claims experience of eligible lines.
If group premium is: $3 Million
and group loss ratio is: 16%
Group dividend is: 15%
If member premium is: $20,000
Dividend earned will be: $3,000
Dividend payments are based upon program
eligibility and are not guaranteed.
What you need to do:
Set up an appointment by contacting chamber staff at email@example.com or call 570-253-1960 or 570-226-3191.
Bring your current insurance policies including the declaration page to your
scheduled appointment time. Appointments available from 8:30 AM to 2 PM
Find out how you could earn dividends on your business insurance.
Contact your chamber, or visit Penn National Insurance online to find an agent near you. www.chamberchoice.com www.pennnationalinsurance.com
143 Million People Potentially Affected in Equifax Data Breach
Equifax, one of the largest credit reporting agencies in the United States, was recently the victim of a massive cyber attack—an attack that may have compromised the personal information of 143 million people. The breach itself occurred between mid-May and July 2017 when cyber criminals gained access to sensitive data by exploiting a weak point in website software. As a result of the attack, sensitive information like Social Security numbers, birthdays, addresses and driver's license numbers were compromised. In addition, Equifax said 209,000 credit card numbers were stolen, including information from international customers in Canada and the United Kingdom.
The recent attack on Equifax is the third major cyber security threat the organization has experienced since 2015 and one of the largest risks to personally sensitive information in recentyears. The attack is so severe, in fact, it’s likely that anyone with a credit report was affected. If you are concerned that you may have been impacted by the breach, Equifax has set up a website to help individuals determine if any of their personal information may have been stolen. Once you have navigated to the website, complete the following steps:
1. Click the “Check Potential Impact” button.
2. Provide your last name and the last six digits of your Social Security number.
From there, a dialogue box will pop up and indicate whether or not your information was lost in the hack. All U.S. customers will also be given the opportunity to sign up for TrustedID Premier, which is an Equifax service that includes identity theft insurance, credit reports, and a service that crawls the internet and alerts you if your Social
Security number is posted somewhere online. This service will be free for one year for those who sign up by Nov. 21. If you have been impacted by the breach, experts recommend engaging in a credit freeze. This effectively locks down your Social Security number on your credit report and prevents criminals from opening up new lines of credit under your name. For more information on credit freezes, visit the Federal Trade Commission’s website.
It should be noted that it may not be obvious that you are a customer of Equifax, as the company gets its data from credit card companies, banks and lenders that report on credit activity. As such, it’s important to follow the appropriate steps and check to see if your information was compromised. Additionally, you should review your online bank and credit card statements on a weekly basis. This will help you monitor any suspicious activity. Contact law enforcement officials if you believe criminals have used your stolen information in some way.
The content of this News Brief is of general interest and is not intended to apply to specific circumstances. It does not purport to be a comprehensive analysis of all matters relevant to its subject matter. The content should not, therefore, be regarded as constituting legal advice and should not be relied upon as such. © 2017 Zywave, Inc. All rights reserved.
Olsommer-Clarke Insurance Group Inc. will continue to monitor the Equifax cyber incident, providing any major updates as necessary.
Olsommer Clarke clients receive Penn National Chamber Choice Dividends Checks
Kaitlin Warnock, Mike Stout, and Corrin Cwalinski representing Olsommer Clarke last night at the Penn National Chamber Choice event at Montage. Taking in Rail Riders game and picking up Dividend Checks for our clients that participate in the Chamber Choice Program!!! If you are a Chamber member call Olsommer Clarke!! We would love to send you a check next year!!
Olsommer Clarke Enters Erie Golf Charity Challenge
We are excited to announce that Olsommer Clarke will be participating in the Erie Insurance Golf Charity Challenge in Allentown on July 17th at the Bellwood Country Club. What makes this tournament unique is that every dollar of the entry fee goes to charity, while the costs of the tournament itself are entirely underwritten by ERIE.
The purse is $500,000! A portion of this money will be donated to the charities of the entrants choice.
Our team players are Jeff Olsommer, Don Olsommer, Jr., Joe Adams, and Pete Abraczinskas. Wish us luck and we look forward to helping out our charity!!!
WATCH FACEBOOK FOR THE UPDATE ON OUR TEAM WINNING AND OUR CHARITY OF CHOICE!
Olsommer-Clarke's Commercial CSA April Bagnick's Son Receives Honor
Congratulations Tyler Bagnick! On Monday, May 16th, 2016, Western Wayne's Varsity Baseball Team played their last home game of the season. Before the game, they held a ceremony to honor the senior members of the team. Tyler, the son of our Commercial CSA, April Bagnick and her husband, Will was honored. Tyler is a 4 year member of the Western Wayne Baseball Team and will be continuing his education after graduation at York College where he is majoring in Sports Management.
Jeffrey Olsommer named to IA&B Government Relations Board
Olsommer-Clarke Insurance Group President Jeffrey H. Olsommer has recently been appointed by the Insurance Agents and Brokers (IA&B) to serve on its Government Relations Committee.
IA&B, an organization representing independent insurance agents in Pennsylvania, Maryland and Delaware, monitors, through its Government Relations Committee, legislation and regulations that affect its membership not only in their respective state capitols, but at the federal level, as well. ”I look forward to working hands-on with the IA&B at this level,” noted Olsommer, “and feel that my years of experience within the insurance industry position me to not only serve the interests of insurance agents, but the best interests of the millions of clients they serve throughout Pennsylvania.”
Following his 1990 graduation from East Stroudsburg University, Olsommer began his 25-year insurance career in what was then the Olsommer Barnes Insurance Associates, Inc. where he played a key role in making the agency one of Erie Insurance’s top commercial insurance producers. In 2000, he was named president when the company became the Olsommer-Clarke Insurance Group, which in the following years was expanded to include offices in Moscow, Hamlin and Honesdale to better serve its growing numbers of personal and commercial insurance clients.
Olsommer is a Certified Insurance Counselor (CIC), one of the insurance industry’s premier, proven designations since 1969. Offered through the National Alliance for Insurance Education & Research, the CIC program covers aspects in personal lines, commercial casualty, life and health, commercial property, and agency management.
A lifelong Wayne Countian, Jeff serves as a Director on the Western Wayne Education Foundation, is Chairman of the Sterling United Methodist Church Board of Trustees and Chairman of Board for Sterling Township Supervisors. He resides in Sterling with his wife, Kelli Fantauzzo.
Olsommer-Clarke Insurance Group, The Chamber of the Northern Poconos and Penn National Insurance to host vital Cyber Liability Luncheon
If you believe your business is too small to be targeted by hackers or that you don’t have anything worth stealing, think again. According to a 2014 PricewaterhouseCoopers study, the overall number of detected cyber incidents “exploded in the past year,” increasing by 48 percent over 2013 figures, while the Small Business Administration cited that 1 in 5 small businesses falls victim to a cybercrime.
It’s a grim scenario to imagine: A hacker has stolen your customers’ names, contact information, bank or credit card data, birth dates and/or your employees’ social security numbers. Your website is disabled; you can’t take orders; you can’t collect payments to maintain your cash flow. Your Point-of-Sale system and Cloud Services are compromised via sophisticated malware designed to steal data and money from your business computers, laptops and mobile devices.
Insurance that protects you in the event of a cyberattack may seem only appropriate for large corporations, but cyber liability insurance makes a great deal of sense for small companies as well. In order to provide you with the information needed with regard to this ever-looming threat, the Olsommer-Clarke Insurance Group, together with Penn National Insurance and The Chamber of the Northern Poconos will host a Cyber Liability Luncheon open to Chamber members on March 20th from 11:30 a.m. to 12:30 p.m. in the Annetta DeYoung Community Room at the Chamber’s Honesdale location at 32 Commercial Street.
According to Jeffrey H. Olsommer, CIC Principal of the Olsommer Clarke Insurance Group, Inc., “No business is immune unless it unplugs from the Web. Whether a breach is small or large scale, businesses better have the coverage in place or the money on hand to pay for the consequences as fines and requirements levied by the Federal Government could push many out of business. Our agency offers a wide variety of Cyber Liability and Data Breach coverages, and many times we can endorse this coverage to an existing policy. When your business has a larger exposure to this risk, we suggest a special policy specific to Cyber liability and Data Breach as we have several carriers that have policies that cover these exposures.”
The luncheon presentation will highlight the facts that Cyber Liability and Data Breach coverages which are:
1. More affordable than you think. "I've seen policies with premiums as low as $2,000 a year, though it can go up from there," says Ethan Miller, partner at the San Francisco law firm Hogan Lovells. You can get coverage as high as $30 million and deductibles as low as $10,000, depending on your needs and what you're willing to pay. Cyber liability insurance is still a fairly new concept, so there's a lot of variation among policies, and a lot of room for negotiation. Lower limits can be endorsed to existing commercial policies for a few hundred dollars.
2. Structured to cover more than you think. Many policies offer "first party" coverage--that is, they will pay you for things like business interruption, the cost of notifying customers of a breach, and even the expense of hiring a public relations firm to repair any damage done to your image as a result of a cyberattack. Having this cash available in the event of a crippling hack can keep the lights on until you're able to resume your normal cash flow. A good policy can even cover any regulatory fines or penalties you might incur because of a data breach. Business interruption coverage can be especially important for a small business, Miller says, which may not be as diversified as a larger one, or have the same financial resources. "If a larger company has one line of business shut down by a data breach, it may be able to depend on its other lines for revenue. A smaller company may only have one line of business."
3. Designed to bridge the risk management gap. Big corporations have entire departments devoted to analyzing the risks the company could face and helping set policies and procedures to protect against them. You don't, but a good insurance carrier can perform a similar function. "There are a couple of ways insurance can bridge that gap," Miller says. "An insurer might work with a small company to make sure a firewall is in place to protect your network, and make sure you have social media policies that reduce risk." Your insurer may well be willing to help with these areas because the better protected you are, the less likely you are to have a breach that could result in a claim.
4. Protection with regard to your legal responsibility for a data loss. Is your website and any of your data hosted or stored in the cloud? Take a good look at your contracts: You're still legally responsible. "There's a significant risk," says Karen L. Stevenson, senior counsel at Buchalter Nemer, a law firm with offices in California and Arizona. You can't fully control how a cloud provider handles your data, but an insurance policy can protect you if your cloud provider screws up.
5. Security for catastrophic cyberattack losses. Typically, a general liability policy specifically excludes losses incurred because of the Internet, Miller says. So a good cyber liability policy can pick up where your general policy leaves off. Make sure your cyber policy covers laptops and mobile devices as well, to give yourself coverage in as many situations as you can. "Work with your broker to integrate cyber liability with your general policy and employment liability policy," Miller advises. "You want to give yourself the most seamless coverage possible."
If you are a business and want more information about becoming a Chamber member, please call Debbie Gillette of The Chamber of the Northern Poconos at (570) 253-1960 or email her at firstname.lastname@example.org.
About Us: At Olsommer-Clarke Insurance Group, our primary focus is on providing the most comprehensive policies at the most competitive rates for our clients in Hawley, Hamlin, Honesdale, PA and the nearby areas. Our personalized approach and dedication to offering quality insurance plans has established us as a long-standing and trusted provider in the community. We are steadfastly committed to a level of excellent service that not only protects our clients from risk, but offers complete peace of mind. We take great pride in setting the highest standards in the insurance industry by operating with honesty and integrity at all times.
Olsommer-Clarke Holds Halloween Costume Contest For Charity
Halloween is here and Olsommer-Clarke is again holding its Halloween Costume Contest for Charity. Employees at the agency designate a charity, which if voted the best costume, will receive a $500 donation from Olsommer-Clarke. So come vote now and vote often, simply click on the notification box. Have a Happy Halloween.
Olsommer-Clarke & Penn National Contribute to Chamber Choice Program
Mike Stout, Commercial Producer, and Corrin Cwalinski, Commercial Service Agent, present a check payable to policyholders of Penn National. The Program called Chamber Choice is offered by Olsommer--Clarke through Penn Mutual. Policyholders of Olsommer-Clarke that participate are receiving a portion of the dividends paid to the Chamber Choice Program. Mike and Corrin represented Olsommer-Clarke when the checks were distributed by Penn National. Call us today to see if you can qualify for a return on your insurance costs today! 800-566-8999. Ask for Jeff!
Olsommer-Clarke Exhibits at Annual Home and Garden Festival
This past weekend, we had the pleasure of exhibiting at the Wayne County Builders Home and Garden Festival at Ladore Camp & Conference Center in Waymart. This year's show was held April 26-27th. Our team consisted of Don Olsommer, John Clarke, and Mike Stout. Pictured is John Clarke along with Cindy Cepko of Forest Homes of Lake Wallenpaupack.