📈Strategic Risk Monitor | Puharic & Associates June Newsletter 🏢

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Strategic Risk Monitor    June 2024 | 4th EDITION


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Water Leak Detectors Are Inexpensive and Effective to Reduce or Mitigate Water Loss Insurance Claims

Recently, one of our carriers, the Andover Companies, posted a useful blog on the benefits of water leak detectors for buildings. Whether it is your home, office, rental property, storage facility, or vacation home, for less than $100, you can get real-time information on broken pipes, failed hot water heaters, or leaky basements.

Broken pipes, and faulty 2nd floor plumbing are a leading cause of property damage. The cold of winter can exacerbate flaws in the plumbing, and lead to rupture. The heat of summer can cause gaskets to shrink and fail.

Visit our website to learn more about considerations to make when choosing a water leak detector and where to install one.

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When Is It Time To Notify The Professional Liability Carrier?

For over 16 years, I’ve filed claims on behalf of Engineers, Architects, Surveyors and Environmental scientists and contractors.  I’ve seen insurance carrier response run the gamut from excellent to inept.  Thankfully far more of the former than the latter.

One issue that is often discussed and debated between clients, carriers and their agents is: “When does a complaint cross the border into a claim?  When can I not resolve this issue by revising our work product?  When does unhappiness cross over into damages?”


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Risk Management Resources


03.20.2024

Why Do I Need a Risk Manager Versus a Regular Insurance Agent?

When shopping for an insurance agent, some things are much more important than the price of the premium. There are insurance salesmen, and there are risk managers. What makes one advantageous over the other?

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04.30.2024

Inflation, Storms, Social Inflation Drive Insurance Costs

Everywhere you go, neighbors

and friends are talking about it: “Have you seen the increases in our insurance costs?” Yes, it’s true that costs are increasing throughout the economy, but what are the factors driving this increase? 


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06.27.2024

NJ Society of Professional Engineers Awards Dinner

Puharic and Associates will be sponsoring the NJ Society of Professional Engineers Awards Dinner on June 27th from 6:30 pm - 10:30 pm. The NJSPE Awards were established to honor individuals and firms for achievements in the practice and profession of engineering.


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Southern Monmouth Good Scout Reception and Fundraiser

We are committed to serving and supporting the communities in which we operate. Adam Puharic, President of Puharic and Associates will be emceeing the Southern Monmouth Good Scout Reception and Fundraiser June, 27th 2024 from 6:00 pm - 8:00 pm at Spring Lake Manor.


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2517 NJ-35 Bldg D Suite 202, Manasquan, NJ 08736
732-655-6200


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