Category: Archives

09 Jul 2020
a contractor working on a house

How to Prevent Fires During Building Renovation Work

When planning home maintenance or a renovation project, it’s possible to overlook the importance of safety by getting carried away. However, the risk of fire during building renovation is very real. Around one-third of house fires are caused by a third party working in the home, homeowners need to supervise all contractors to avoid potential fire hazards. Safeguard your property by ensuring all contractors follow these safety tips.

 

Renovation Fire Prevention

 

Discard oily rags properly. Rags that have been soaked in solvent and oil need to properly be disposed of. They have the potential to spontaneously combust, even under normal weather conditions. The warmer the weather, the quicker the rags can reach ignition temperature. Used rags should not be allowed to pile up around the house, garage, or construction site because of the flammable risk.

 

Store products and supplies safely. Paints and solvents should not be kept near heat-generating equipment such as furnaces, water heaters, or vehicles. Products and supplies should be kept in clean, dry, and cool areas and placed out of the way of foot traffic at all times.

 

Maintain a clean worksite. All worksites should be kept clear of tripping hazards and unused tools, whether it’s a commercial or a private property project. Ensure that fires are not being used as a disposal method and that wood shavings are being removed daily.

 

Ensure there is a fire extinguisher on site. Make readily accessible fire extinguishers, hoses, and make sure that everyone knows how to use them and when. For example, water extinguishers should not be used on electrical fires.

 

Implement a no smoking policy. Smoking is one of the leading causes of fire-related fatalities. This also applies to e-cigarettes and vaping devices. Ask the contractors not to smoke or vape on, in, or near the property.

 

Understand what is being used. Know what flammable materials are being used. Ask that all flammable paints be kept off the site if this is possible.

 

Know how to handle a fire. If a fire does occur, you and the team should know who will be responsible for calling the fire department, who will deal with the fire, and who will set the evacuation plan in motion.

 

At CAV Insurance Agency, we work with each client to find the right insurance solutions. Serving Wellesley, Arlington, Natick, Concord, Cambridge, and neighboring towns, contact us today on 781-237-4107 for a reliable insurance policy.

11 Jun 2020

How Businesses Can Navigate COVID-19

If you’ve been affected by COVID-19, you’re not alone. Individuals, families, and businesses have faced having to adapt to a new world without any warning. Small businesses, in particular, have been hit hard and may be feeling particularly vulnerable right now. Whether your business is still temporarily closed or you’re an online store with an unexpected surge of orders, we are here to help. While there are many government aids out there that can support your business during this time, here is how your business can help itself throughout COVID-10.

 

What Businesses Can Do Throughout COVID-19

 

  • Keep connected

First and foremost, communicate often. Keep in touch with fellow entrepreneurs, your employees, and your audience. We’re all in this together, so set some time aside to check in to see how everyone is doing. It’s especially important to keep your clients and potential customers up-to-date on how your business is operating and if there will be any delays.

 

  • Get creative

Being resourceful during this time will look different to each business. If people can’t come to your business in person, think about creative ways you can take your business to them. Whether you create a new product, start offering delivery, or create a series of online classes, there are still plenty of ways you can get your business out into the world.

 

  • Hone in on digital marketing strategies

Now is a great time to review your business’s online presence. Is your website up to scratch? How about creating new landing pages or SEO-friendly content? Are you regularly posting on social media? Review your digital marketing strategy and work on improving it throughout this time.

 

At CAV Insurance Agency, we work hard to protect businesses during this unusual time. Serving Wellesley, Arlington, Natick, Concord, Cambridge, and neighboring towns, contact us today on 781-237-4107 to get started on your reliable commercial insurance policy.

21 May 2020
a cyber text

Do You Need Personal Cyber Coverage?

Personal Cyber Insurance Coverage is on the Rise

 

As technology has become increasingly integrated into people’s lives, the risks that sensitive personal data could be compromised, including Social Security numbers and bank and credit card information, have continued to rise. The theft of personal data can have serious financial consequences, with cybercrimes affecting individuals and costing them thousands of dollars. One way to protect yourself is through personal cyber insurance.

 

What is personal cyber insurance?

A personal cyber insurance policy is designed to provide financial reimbursement for the costs associated with the theft of digital information and assets up to your policy’s limits. There are many ways cyberattacks can result in monetary loss, ranging from the theft of bank account funds to payments made after extortion through an anonymous online threat.

 

No two personal cyber insurance policies are created equally. However, most will generally cover expenses for:

  • Personal and home protection
  • Extortion
  • Financial loss from fraud

 

How do I get personal cyber coverage?

Although cyber insurance is a growing market, not all insurers offer personal cyber insurance as it is still a relatively new line of coverage. It is best to work with your trusted agent at CAV Insurance Agency to find and secure the right form of coverage that suits your needs and risks. We are professionals in this coverage, and go the extra mile to ensure you have the right policy in hand.

 

If you would like to speak with a Massachusetts insurance expert from CAV Insurance Agency, call us on 781-237-4107. Remember that it only takes a few minutes to get an insurance quote from CAV Insurance.

14 May 2020
work injury form

2019 Workplace Safety Index: The Top 10 Causes of Disabling Injuries at Work

Protect Your Business and Employees with Risk Management

 

U.S. companies lose more than $1 billion per week due to workplace injuries. Unfortunately, all too often, workplace risks and hazards get overlooked by businesses of all sizes. Little do they know, all it takes is one sizeable workplace injury to affect finances and threaten income. To help you protect your employees and business, keep in mind these top causes of disabling injuries at work. Once you know the common threats, you can start to work towards cultivating a safe working environment.

 

  1. Overexertion involving outside sources – injuries related to lifting, pushing, pulling, holding, carrying or throwing.

 

  1. Falls – falls on the same level, such as slipping on a wet floor or tripping over a cable.

 

  1. Struck by an object or equipment – such as getting hurt from an object falling from above.

 

  1. Falls to lower levels – Falls to a lower level, such as from a ladder or platform.

 

  1. Other exertions or bodily reactions – injuries from crawling, bending, reaching, kneeling or walking

 

  1. Roadway incidents involving motorized land vehicle – such as an accident while driving on a highway.

 

  1. Slip or trip without fall – injuries resulting from tripping over an object or resisting a fall.

 

  1. Caught in or compressed by equipment or objects – getting caught or compressed by equipment, such as gears or rollers.

 

  1. Repetitive motions involving microtasks – such as repeating motions or micro-tasks on a manufacturing assembly line.

 

  1. Struck against object or equipment – such as walking into an open drawer or door.

 

If the worst does happen, be sure that you have a commercial insurance policy that you can fall back on. At CAV Insurance Agency, we work with each business to determine their individual needs and budget. Serving Wellesley, Arlington, Natick, Concord, Cambridge, and neighboring towns, contact us today on 781-237-4107 to get started.

07 May 2020
a car show

Amelia Island Auctions 2020 – Summary Report

The Latest From The Amelia Island Auctions

 

Have you been eager to know all about the Amelia Island Auctions this year? Since it wrapped up on March 7th, there have been many people interested to see the final report that offers several insights and perspectives into the overall direction of the collector car market. Luckily, we’ve rounded up the latest information about the event.

 

Summary Report

 

  • Despite concerns about the coronavirus, stock prices, and a general softening in the collector car market over the last year, sales at Amelia Island auctions were up (excluding the 2019 sales of Russo and Steele, which did not come this year).
  • Vehicles priced at or above $500,000, which have suffered in recent auctions, had a better sell-through rate than last year.
  • Bidders were interested mainly in vehicles that were accessible and that appear often at auctions.
  • Valuable vehicles, in contrast, got higher bids if they were rare opportunities.
  • Pre-war cars continue to polarize; familiar vehicles sold poorly while exceptional ones sold well.
    Cars from the 1990s with less than 10,000 miles sold better than vehicles with similar mileage from other decades.

 

Amelia Island Auctions 2020 – Overall Auction Data

Cumulative Total: $77.4M
306/350 lots sold: 87% sell-through rate
Average Sale Price: $252,838

2019 Cumulative Results through Saturday**
Cumulative Total: $79.6M
321/452 lots sold: 71% sell-through rate
Average Sale Price: $247,906
**2019 includes Russo and Steele

Overall Top 10 Sales from all auctions through Saturday:

  1. 1932 Bugatti Type 55 Super Sport Roadster sold for $7,100,000 (Bonhams)
    2. 1907 Renault Type AI 35/45hp Racer sold for $3,332,500 (Bonhams)
    3. 2003 Ferrari Enzo Coupe sold for $2,782,500 (RM Sotheby’s)
    4. 1914 Rolls-Royce Silver Ghost 40/50 hp Phaeton sold for $2,205,000 (Gooding & Company)
    5. 1938 Bugatti Type 57 D’leteren Cabriolet sold for $1,655,000 (RM Sotheby’s)
    6. 1963 Ferrari 250 GT Lusso Coupe sold for $1,600,000 (RM Sotheby’s)
    7. 1967 Ferrari 330 GTS Spider sold for $1,475,000 (Bonhams)
    8. 1969 Lamborghini Miura P400 S Coupe sold for $1,435,000 (Gooding & Company)
    9. 1976 Porsche 934 Race Car sold for $1,380,000 (Gooding & Company)
    10. 1961 Ferrari 250 GT Cabriolet SII sold for $1,352,500 (RM Sotheby’s)

At CAV Insurance Agency, protecting your classic car comes naturally. We have access to specialty companies such as Hagerty, Grundy, and AIG. These carriers offer policies designed specifically for your collector car, and they take into consideration the limited seasons we have up here to drive these cars. At CAV Insurance we serve motorists from Dover & Sherborn to Wellesley, Needham and Weston and neighboring towns. Contact us today and let us put our decades of collector car insurance expertise to work for you!

 

19 Mar 2020
a sports car on road

Best Cars for Economic Horsepower

Top Vehicles for Dollar per Horsepower

 

An attractive car is much more than just its engine size and how many cup holders it has. When you’re on the hunt for a performance bargain, horsepower and dollars matter – Specifically, getting the most horsepower for the least dollar. At this point in your search, you may find yourself asking what is power truly worth? Here, we take a look at some of the top cars with the best economic horsepower.

 

2005–09 Saleen S7 Twin Turbo

Power: 750 hp

Good condition value: $550,000

Price per horsepower: $733

The naturally-aspirated S7 debuted in 2000 as a homologation special, letting the S7R loose on the endurance racing circuit on both sides of the pond—over the model’s nine-year career, it notched class wins at both the 12 Hours of Sebring (2001) and 24 Hours of Le Mans (2010). However, the S7 Twin Turbo’s 750 horses, racing legacy, and American-built goodness don’t come cheaply.

 

2004–10 Mercedes-Benz SLR McLaren

Power: 617 hp

Good condition value: $202,000

Price per horsepower: $327

The SLR McLaren is one noisy vehicle thanks to a dry-sump 5.4-liter supercharged V-8 shoved almost 20 inches behind the front axle and nearly underneath your nose. Even so, you’ve got a polarizing, powerful coupe that rings in at roughly $327 per horsepower, roughly half the S7 Twin Turbo’s metric.

 

2015+ Dodge Challenger SRT Hellcat

Power: 707 hp

Good condition value: $51,000

Price per horsepower: $72

The Hellcat was king of the hill for three years before the Demon knocked it off its pedestal; but if you’re looking for a high-po Mopar daily driver, you’ll likely prefer the Hellcat’s more-friendly suspension setup and better sound dampening.

 

2012–15 Chevrolet Camaro ZL1 Coupe

Power: 580 hp

Good condition value: $32,000

Price per horsepower: $55

King of this numbers-slinging batch is the fifth-gen Chevy Camaro ZL1. Stickering for roughly $55K when new in 2012, the Camaro ZL1 still stakes a claim to the bargain performance space.

 

Do you have a unique car? At CAV Insurance Agency, protecting your car comes naturally. We have access to specialty companies such as Hagerty, Grundy, and AIG that create policies as unique as your vehicle. At CAV Insurance we serve motorists from Dover & Sherborn to Wellesley, Needham and Weston and neighboring towns. Contact us today and let us put our decades of car insurance expertise to work for you!

12 Mar 2020
driver with phone in hand

The New Massachusetts Hands-Free Driving Law

What You Should Know About the Latest Massachusetts Hands-Free Driving Law

 

Whether you live, work, or play in Massachusetts, there are many things you should know about the state. As a motorist, it’s important that you keep on top of the latest rules and regulations to stay legal on the roads and avoid steep penalties. The latest auto news involves updated restrictions about hands-free driving. To ensure your safety and compliance, here’s what you should know about the new Massachusetts hands-free driving law.

 

Restrictions

 

In Massachusetts, texting while driving has already been outlawed, but using phones to make calls was previously allowed. Under this new law, you can still make phone calls, but you cannot physically hold your phone in your hand while behind the wheel. To make a call, you must use your phone hands-free by either connecting a headset, activating the speaker or connecting to your vehicle’s Bluetooth. This law applies even when your car is stationary at a stoplight.

 

Penalties

 

Using phones behind the wheel can be exceptionally dangerous, and usually comes with strict enforcement guidelines and harsh penalties. Using a phone while driving can result in a $100 fine for the first offense, $250 for the second offense, and $500 for the third. The law also requires repeat offenders to take a safety course to better understand the risks of using a phone while driving.

 

Effective Dates

 

The Massachusetts Hands-Free Driving Law went into effect on February 23, 2020. To help educate motorists to this new law, there is a grace period through March 31st where only warnings will be issued. Starting April 1, 2020, full tickets will be given to anyone who breaks the law.

 

Why Now?

This law has been in the works for a while. In the past, Governor Baker was hesitant to sign proposed bills for hands-free driving because it might disadvantage lower-income drivers who are unable to afford Bluetooth devices. However, the rising number of auto incidents involving phones became a major factor in pushing this law through. Hopefully, this law will reduce accidents and keep us all safer on the roads.

 

One thing you shouldn’t have to worry about when driving is your auto insurance policy. At CAV Insurance in Wellesley, MA we have a variety of markets to fit you and your vehicle needs. Whether you take it out for a Sunday drive through Dover and Sherborn or you enter your car in a show at Larz Anderson in Brookline, we will set you up with a policy that fits your needs. Contact us today to get started.

27 Feb 2020

MA Residents Need a Real ID Starting October

What You Need to Know About the REAL ID Updates

 

From October 2020, residents in Massachusetts will need a REAL ID to board an airplane, which means that their driver’s license will need a star, indicating that it is a REAL ID credential. Otherwise, they will need another form of approved identification to board their flight or enter a secure federal facility or military base. The Massachusetts’s REAL ID driver’s license and identification cards have a start in the upper right-hand corner inside a gold circle. This indicates that it meets federal regulations that establish minimum security standards.

 

From October 1, 2020, you will need a REAL ID to board a plane. Travelers will soon start seeing signs at airports nationwide to remind them to update their licenses or take another piece of approved forms of ID with them. Individuals who are unable to verify their identity will not be permitted to enter the TSA checkpoint and will not be allowed to fly.

 

Massachusetts residents have the option to upgrade to a REAL ID if their license does not currently have the star or stick with an older standard driver’s license. However, a standard credential – without the star – will not be valid to board a flight or to access secure federal facilities, including military bases and some federal offices and will have the words “Not for Federal ID” printed at the top.

 

To get the REAL ID star on a driver’s license, individuals will need to visit their local Massachusetts Registry of Motor Vehicles office in person and bring certain documents to prove U.S. citizenship and Massachusetts residency. Required documents include one proof of identity, one proof of legal presence, two proofs of Massachusetts residency, your social security card (if you’ve been issued one) and a current driver’s license if you are applying to exchange one issued by another U.S. state. It is imperative to get this sorted before October 1, 2020 if you plan on traveling via airplane.

 

Find out more information on the TSA website.

 

At CAV Insurance Agency in Wellesley, MA, we like to keep you informed of the latest updates and news you should know. We work with companies like Chubb and AIG who offer a broad range of insurance coverage to help keep you and your family safe. Contact us today for more information!

20 Feb 2020

Does My Business Need Liquor Liability Insurance Before Hosting a Company Event with Alcohol?

Hosting a Business Event? You May Need Additional Insurance

 

Many Massachusetts businesses host events, whether it’s for fundraising, raising awareness, seasonal celebrations, or otherwise. While providing food and drinks at these events is a common practice, business owners should be cautious when serving alcohol. Serving alcohol at a business event can expose your company to a variety of possible liability risks. If your business is planning to host a company event where guests will be offered an alcoholic beverage, you should protect your business by securing a liquor liability insurance policy.

 

Your business could be held responsible for alcohol-related incidents

 

When alcohol-related accidents result in property damage or personal injury, multiple parties can sometimes be held responsible. Along with the intoxicated individual, the following could be held accountable and sued:

  • The individual who provided alcohol – e.g. bartender or server
  • The company that provided the alcohol and employed the server – e.g. catering company
  • The organization who owns the property where the event was held – e.g. hotel
  • The organization that hosted the event – e.g. your business

 

If there’s an alcohol-related accident during your company event, there is a good chance business will be sued.

 

Liquor liability insurance can help

 

Before the event, your business can take out a liquor liability insurance policy for protection. In general, liquor liability coverage helps protect organizations from potential lawsuits that could be filed over alcohol-related incidents. While coverage varies from policy to policy, it’s worth talking to your insurance agent about the risks of your event and how this coverage can help. In many cases, your insurer in Massachusetts can offer temporary coverage that lasts between one and thirty days.

 

As a business owner, you always want to stay one step ahead. liquor liability insurance can help your business stay protected when hosting events. At CAV Insurance Agency, we work with each business to determine their individual needs and budget. Serving Wellesley, Needham, Natick, Brookline, and neighboring towns, contact us today on 781-237-4107 to get started.

13 Feb 2020

Why You Should Work with CAV Insurance Agency

Reasons to Work with Your Local Insurer

 

There are so many ways to shop for car insurance, home insurance, and business insurance today. With the advancement of technology, not only do you have more ways to shop, but you can do it on your own time. However, insurance remains a complicated product. It isn’t as easy as picking a policy from a shelf. That’s why insurance agents are trained individuals who know just how to find the right coverage for your needs and budget. While there are many multi-national chains to choose from, they are unable to offer the personal care that CAV Insurance provides.

 

CAV Insurance is an independent broker who will have access to a wide variety of insurance products. We are not tied to one insurance company, and won’t push a certain product on you just to make a sale and hit quota. Your local agency are dedicated individuals who work for you. Take a look at just a few reasons why you should consider working with your local insurance agency.

 

  • You’re no longer just a number

When you work with CAV Insurance, you are known by your name rather than a customer number. You get to talk to and work with an individual who takes the time to understand your unique needs and wants in order to find you the right coverage. You’re never forced into a sale that isn’t right for you just to make figures go up. Instead, you’re treated with the respect you deserve.

 

  • You receive quality customer service

If you have coverage questions or need to file a claim, would you rather reach an automated recording or an actual person when you call your insurance provider? More and more larger insurance companies have switched to automated systems, making it difficult and complicated to reach the right person. At CAV Insurance, you are greeted by an actual person who will assist you. If you need a file a claim, we will then walk you through the necessary steps and explain what exactly your policy covers.

 

  • We have local knowledge

CAV Insurance has been part of the community, for over 50 years and are, therefore, able to use their knowledge of the community to help you better reduce your risks and protect your assets. They may even be able to provide you with seasonal tips to help you prevent incidents at home, such as getting your sump pump ready for spring.

 

There are many more benefits to working with CAV insurance! If you wouldlike to speak with a Massachusetts insurance expert from CAV Insurance Agency, call us on 781-237-4107. Remember that it only takes a few minutes to get an insurance quote from CAV Insurance.

COVID19 Notice:

While our office is closed to the public, we are fully operational working remotely. Please call our office for assistance at 781.237.4107 or email us at clientservices@cavinsurance.com We are here to assist you during these trying times. Thank you and stay safe.