Insurance Update

Harry Kelleher, President, Harry Kelleher & Co.

Thanks to GNOEA member George Messing, Owner Messina’s Catering, for hosting this week’s networking event for GNOEA members at the Rooftop on Basin St!

Harry Kelleher, is president of Harry Kelleher & Co., Inc, an independent insurance agency, protecting business and families in Greater New Orleans area.

Harry shared that workers compensation policies in Louisiana are experiencing a premium war. Harry recommended all business owners to evaluate their workers compensation policy and get other quotes. He suggested Louisiana Workers Compensation Corporation. LWCC will provide a dividend that after a few years will kick in and meaningful after a few years. In his opinion, LWCC is the best at rooting out fraudulent claims.

Harry informed GNOEA that the commercial property insurance is less regulated than personal insurance. The commercial property insurance is starting to see some decreases. Harry recommends for any business that has commercial vehicles to install cameras inside the vehicle and outside if possible. The cameras will help decrease the policy rate as well as help if there is ever an accident. In the case of an accident, cameras will help tremendously in the litigation process. Everyone should be engaging with their insurance agent to make sure the agent is filling out the quote sheet in full.  Harry also stated they are starting to see relief on the property polies as well.

Harry Kelleher advised there are some things homeowners can do to help with their premiums. A homeowner can ask their agent if there are credits available that they can get. Some companies have carbon monoxide, fire, water shut off, camera monitoring, generator, and gas leak protection credits. The number one item for obtaining a credit is the water shut off a homeowner can install.

Membership

If you have a prospect, please have them connect with Jacquie Bonano, membership chair at membership@gnoea.com.

Thank You & Announcements

Duaine Duffy, Benefit Analyst LLC, announced that is firm acquired a new retirement producer and a new account manager if any members need assistance.

Andrew Legrand, Spera Law, thanked Jason Hernandez, Crescent Title for helping with his grandmother’s succession and also helping one of Andrew’s clients.

Guests:

Fasal Tay, The Bookkepper

Paula Baldwin, The Big Easy

Q3 dues reminder.

Reminder to register for meetings

Reminder for membership referral program

Upcoming Meeting Schedule

  • August 12- No Meeting
  • August 19- Tom Martin, Converse Digital, “Life’s a Pitch”- Board meeting to follow
  • August 26- No Meeting

Check the website for updates and bulletins that include upcoming events. Meeting events are on the calendar. Speaker suggestions: contact Program Chairman, Jason Hernandez at jason@crescenttitle.com