We’re just a phone call away!

Old-fashioned blue telephone on a white background.

WE’RE JUST A PHONE CALL AWAY!
Just your friends at Eastside Insurance checking in with you to see how you are doing. We miss the face to face interaction; We miss hearing our front doors opening and closing; We miss hearing a variety of voices filling our building on a daily basis; We miss YOU! Eastside Insurance IS here for you via phone, email, fax and text to assist you with ALL your insurance needs. Be mindful of your distance to another person IF you have to go out (limit your time out to necessity). Often wash your hands and avoid touching your face. Use hand sanitizer and disinfectant at your home and vehicle(s). This too shall pass.
But I have a feeling we’ll all be a bit more intentional on our interactions.
So………How are you?

Eastside – Lima
Phone: 419 229 3328 or 1 800 686 3961
Fax: 419 227 2553
Text Message: 419 333 1570
info@eastsideinsurance.com
Hours: Monday – Friday 8 am – 5 pm
Saturday 9 am – 12 pm

Eastside – Beavercreek
Phone: 937 320 0029
Fax: 937-320-0112
Email: bgray@eastsideinsurance.com

Tying The Knot . . .

3-26-2020 Tying The Knot

Many changes, joys and plans occur when tying the knot. Let Eastside Insurance work with you in this life changing time. We are an Independent Insurance Agency and have options available to you. Reach out to one of our Agents today.

Eastside – Lima
Phone: 419 229 3328 or 1 800 686 3961
Fax: 419 227 2553
Text Message: 419 333 1570
info@eastsideinsurance.com
Hours: Monday – Friday 8 am – 5 pm
Saturday 9 am – 12 pm

Eastside – Beavercreek
Phone: 937 320 0029
Fax: 937-320-0112
Email: bgray@eastsideinsurance.com

Business as “normal”

Eastside AE blue with phone #

Hello friends, neighbors, family, Insurance Companies, and vendors of Eastside Insurance. As many of you already know, our lobby is closed to foot traffic and has been for a week now. It’s been an adjustment period for all of us and we appreciate your understanding. Insurance is deemed as a necessary business and we remain in office at least 6 feet from one another. Temperatures are taken daily. You can reach one of our representatives by phone, email, text or fax. The USPS mail is still delivered 6 days a week.

Be safe. Be wise. Contact Eastside Insurance for all of your insurance needs.

Eastside – Lima
Phone: 419 229 3328 or 1 800 686 3961
Fax: 419 227 2553
Text Message: 419 333 1570
info@eastsideinsurance.com
Hours: Monday – Friday 8 am – 5 pm
Saturday 9 am – 12 pm

Eastside – Beavercreek
Phone: 937 320 0029
Fax: 937-320-0112
Email: bgray@eastsideinsurance.com

Rent vs. Buy Affordability Gap

Renting Is Alomost As Expensive As Owning A Home Now

Renting is now only slightly cheaper than owning a home, according to a new study.

Median rent was $1,319 per month nationwide, while the median mortgage was $1,600 per month at the end of 2019. Compared to the previous year, rent rose 4%, while mortgage payments declined 1%, according to a new study by Realtor.com that analyzed housing costs in 593 U.S. counties with populations over 100,000.

“Lower mortgage rates really benefit the buy side of the equation. The fact that rates are down is really helping narrow the gap between buying and renting,” said Danielle Hale, chief economist at Realtor.com.

Monthly payments are cheaper for renters in 84% of the counties analyzed. In these counties, home prices were 260% higher than the national median price, while rents were only 79% more.

But the gap in renter-friendly counties is narrowing even faster than it is in the rest of the country. With rents in Brooklyn, New York City, and Santa Cruz, Calif. decreasing 24%, 20% and 18%, respectively — compared to the 2.8% decrease nationally.

“In these areas, the markets are so large and well established that, for the most part, buying comes with a huge premium. These tend to be markets that attract not only homeowners and investors but international investors, too — like New York and California,” said Hale about these counties, including Santa Barbara, Calif., Monterey, Calif., San Mateo, Calif., and San Francisco, Calif.

Monthly mortgage payments were actually cheaper for buyers compared to renters in 16% of the counties analyzed, up from 12% of counties the year prior. In those counties, like Clayton, Ga. and Baltimore City, Md., homes were 53% cheaper than the national median of $300,000. Rents in those areas were only down 11% from a year ago.
“In these areas, there are a lot of homes available for homeownership and not a lot of rental inventory. The country is facing limited building and a lack of housing availability, but these areas don’t tend to have those issues,” said Hale, referring to those counties, which include Cumberland, N.J., Richmond, Ga., and Vigo, Ind. More than 25 counties, including Cleveland, Bronx County, N.Y., Indianapolis, and Columbia, S.C., joined the list of buyer-friendly locations in 2019.

Sarah Paynter is a reporter at Yahoo Finance. Follow her on Twitter @sarahapaynter

3 Ways to Protect Your Business From Supply Chain Disruptions

3 Ways To Protect Your Business From Supply Chain Disruptions

Try these three strategies to protect your small business from these supply chain disruptions. https://safecosocialshare.page.link/nSe9e

As you navigate the fallout from the Coronavirus, you must consider the most efficient ways they can be planning for and responding to shifts in the supply chain in order to protect themselves from market disruptions.
Lightning fast communications, a global supply chain, and faster time to market are hallmarks of today’s interconnected business world. But like a pebble thrown into a pond, ripples spread out and affect other areas of the water. A problem in one area may have serious repercussions in another.
To weather these storms, keep these critical strategies in mind:
Diversify your supply chain.

Suppliers face many risks, from economic shifts to natural disasters, pandemics, cyber threats and more. Supply chain diversification helps protect your business during these challenging times, and for that reason should be a part of your overall business plan on an ongoing basis–not just when disaster strikes.
Being without a robust supply chain at the ready can impact everything from operations to customer deliveries, causing time and money-costing disruptions. You can alleviate risk by exploring alternate resources in the event a problem arises with your primary supplier.
It’s not always about securing the items you need at the lowest cost. More important is sustaining the continued receipt of goods. Breaking away from the norm by exploring whether you can source the products you need somewhere else can also yield fresh opportunities. For example, you might get the added benefit of finding new products to sell. Consider sourcing materials from local suppliers, too. Proximity comes with a host of potential advantages including reducing minimum buys, more control over your materials, reduced overall costs, and faster speed to market.
Proactively manage customer expectations.
Supply chain disruptions or modifications to import processes may impact the products you can offer, as well as create shipment delays and unanticipated costs. This won’t just affect your overall sales, but how you time and manage product promotions. If such an interruption is likely to, or will affect your customers, communicate how they may be impacted quickly, clearly, and responsibly. In the era of transparency, this level of communication is valued and expected, and can increase your company’s credibility.

Messaging should also be consistent across whatever platforms you choose to communicate through. Many reports identify email as the preferred method of communication from brands. Dotcom Distribution’s annual eCommerce survey substantiates that reality for shipping notifications; however, the numbers are decreasing year over year, shifting toward text messages and in-app notifications. Further supporting this trend, a report on mobile consumer engagement in 2020 found 40 percent of consumers say they have at least 50 unread emails in their inbox, but only four percent report having 50 or more unread mobile messages.
Earning the attention of customers can be a hurdle on its own, one remedy for which is earning trust. Coming full circle, this can be accomplished by establishing a pattern of good communication. In a 2019 brand trust study of more than 25,000 respondents across eight major global markets, 76 percent of consumers reported paying attention to communications from a brand they trust, valuing it almost as much as quality and value.
An abundance of communication and trust is just as urgent between brands and suppliers. Keep an open channel with your vendors. Being plugged into what’s going on throughout the supply chain betters equips you to set accurate, timely expectations for your customers about shipping delays, SKU availability, product changes, and more.
Identify when to adjust pricing, cost, or both.
Global responses to Coronavirus have already impacted the supply chain, and that may ultimately affect landed costs. Before determining when or whether to pass costs along to your clients, carefully consider what you can sell, how much you can sell, and what the associated costs are. Also evaluate different ways to reduce costs.

Think about focusing first on packing and shipping costs, as these may be the easiest areas to control or change. At my company, we help eCommerce brands optimize interior packaging and deliver–literally and figuratively–a specific customer experience. So, the first challenges we address are figuring out if and how we can we change the experience and find less expensive or slower shipping methods.
Other cost reduction tactics include changing your product mix, switching vendors, introducing promotions, and ramping up marketing. If you have market share, you may need to maintain cost to retain your position and live with a smaller revenue stream. Your goal should be to mitigate overall costs in ways that don’t necessarily affect bottom lines.
Position your business so that you’re always prepared to make adjustments. Best case scenario, you’ll never have to implement an emergency or backup plan, but being unprepared for the worst-case scenario is not a risk any business should take.
Published on: Mar 13, 2020
The opinions expressed here by Inc.com columnists are their own, not those of Inc.com.

Life Is Better Together

3-19-2020 Better Together

Life is better together. Planning for the future is a wise financial move. We have Agents available to discuss Life and Health Insurance. Call today to see what is available. We look forward to speaking with you.

Eastside Insurance – Lima
Phone: 419 229 3328 or 1 800 686 3961
Fax: 419 227 2553
Text Message: 419 333 1570
info@eastsideinsurance.com
Website: http://www.eastsideinsurance.com

Hours: Monday – Friday 8 am – 5 pm
Saturday 9 am – 12 pm
Eastside Insurance – Beavercreek
Phone: 937 320 0029
Fax: 937-320-0112
Email: bgray@eastsideinsurance.com

Important Announcement

announcement

In light of recent events and recommendations, Eastside Insurance Agency will be closing our office to foot traffic, effective 3-17-2020 until further notice.
However, we remain committed to having the office open and encourage you to call, email, fax or text our office.  We will still be able to help with new policies, quotes, changes, claim service, payments, etc. over the phone and email.

We sincerely apologize for any inconvenience this may cause and hope to be back to normal operation as soon as possible. Thank you.

Eastside Insurance – Lima
Phone: 419 229 3328 or 1 800 686 3961
Fax: 419 227 2553
Text Message: 419 333 1570
info@eastsideinsurance.com
Website: http://www.eastsideinsurance.com
Hours: Monday – Friday 8 am – 5 pm
Saturday 9 am – 12 pm

Eastside Insurance – Beavercreek
Phone: 937 320 0029
Fax: 937-320-0112
Email: bgray@eastsideinsurance.com

Are You Prepared For A Business Interruption?

Are You Prepared For A Business Interruption

Headlines about natural disasters have captured national attention over the past few years as storms, floods, and wildfires wreaked havoc from California to Texas to Puerto Rico. With natural disasters increasing in both magnitude and frequency, and the rise of man-made threats such as active-shooter incidents, companies everywhere must prepare for the worst; today, having a business continuity plan has moved from optional to essential.
While no single off-the-shelf plan will work for every company, there are specific elements that should go into the creation of every plan. Read on to learn how to create your business continuity plan—and feel prepared to meet any disaster head on.

1.  Create Your Team. Consider who needs to be on the planning team to make the plan most effective. The success of your plan will depend on getting buy-in and support from senior leadership—make sure they’re involved (to the extent that they feel necessary) and give them plenty of time to provide feedback to the plan. Finally, every team needs a captain. Appoint a project manager whose responsibility will be moving the project forward, assigning tasks, and writing and updating the draft.

2.  Identify Risks. At your first team meeting, your task will be to highlight risks, along with their likelihood. When considering risks, business leaders often think about disasters that are common in their regions, like theft, hurricanes, wildfires, and storm surges. Rarer workplace risks, such as mudslides, terrorism, hailstorms, and workplace violence, are frequently ignored. While those events might be less likely, they are scenarios that businesses are least prepared for and can be the most catastrophic and costly. Working with your insurance provider at this step can help you identify these less-common risks—a critical step to avoiding business closure.

3.  Analyze Impacts. With your list of risks in hand, you can now plan for the impacts of those perils. Your list of risks might be quite lengthy, but the impacts will differ significantly from risk to risk. Assigning an impact level to each peril will help you determine which risks to prioritize when it comes to prevention or recovery efforts.
You’ll also need to consider the impact of the perils across all business operations, including departments, employees, customers, and property. Don’t forget to include critical vendors—suppliers whose loss would severely impact your business—in your analysis. Again, leveraging the expertise of your insurance provider can frequently make this step easier and more effective; after all, this is what they do every day!

4.  Determine Critical Business Functions. Where is your business most vulnerable, and which functions are critical to your company’s survival? The next step is analyzing weaknesses and identifying the core business operations that must continue for your company to continue on and recover. For instance, perhaps you realize that you can do without R&D for a period of time, but you know that you cannot go without a certain material supplied by a specific supplier. If disaster strikes, your resources would then shift to protecting that asset—while letting R&D go for a while. Make sure that you also factor regulatory requirements around safety and disaster preparedness into your assessment.

5.  Draft a Five-Part Plan. Now comes the fun part: drafting your plan. Your plan should be thorough, covering five critical areas: strategy, emergency response, communication, mitigation, and recovery. Let’s take a look at all five:
—Strategy: This section will define the plan’s overall goals, scope, and the roles of various employees. The training of employees in critical roles is a key element of this part.
—Emergency Response: This part offers a detailed explanation of how to respond to the various impacts identified in steps 3 and 4, including defining the chain of command and safety steps.
—Communication: How will you or your team get in touch with employees, customers, vendors, and the public? This section goes beyond emergency response to address communication in both the short and long term.
—Mitigation: This section focuses on prevention: a guide for minimizing hazards, ensuring vendor continuity, safeguarding personnel, and to provide guidance on site security and business resumption including communicating with customers.
—Recovery: The recovery section will focus on getting back to normal: identifying priorities, vital resources, and setting timelines for restoration of various operations.

6.  Test the Plan. You’ve created your plan, but will it really work? The next step is testing its efficacy. Schedule a drill, and test every part of your plan. Afterwards, bring the team together to grade the effectiveness of each part. What worked? What did not? You might need to conduct a second or even third test before you get the plan to where it should be.

7.  Implement and Create Training. Once you have your plan working well, you’ll need to implement it. Decide how you will publish and communicate the plan to staff. Will you need to conduct a training workshop? Will everyone watch a video? Make sure to schedule annual refreshers, as well as periodic surprise drills. Lastly, store your plan in a safe place where all stakeholders have easy access to it—even if there is no power.

The Job That’s Never Done.
You’ve developed a rock-solid plan, but you can never rest! Some jobs are never really done, and that’s true of business continuity planning. Don’t forget to schedule time every year to take a fresh look at the plan, identifying any changes that have occurred in the interim. Have your vendors changed? What about key personnel? You’ll need to make necessary adjustments—and then re-test to ensure effectiveness.

Information from our friends at: https://safecosocialshare.page.link/zBKcT

Don’t Pay For More Than You Need.

3-5-2020Don't Pay For More Than You Need
Being an Independent Insurance Agency has many advantages. One of them is having multiple Insurance Companies available to find you the best Insurance at the best rate.

Independent agents offer a wide range of products from multiple insurance companies and are able to offer guidance on a variety of products, coverages, and prices.  Independent agents don’t work for one particular insurance company; instead, they work for and represent their customers.

Ultimately, the choice is yours when it comes to what kind of Insurance Agency you opt to do business with.  Being an independent agent means you’re in business for yourself, but it doesn’t mean you’re by yourself.  Excellent, reputable and stable Insurance Companies are available to license with as an Independent Agent.

We at Eastside Insurance are an Independent Insurance Agency with many options available to you.  We offer auto, home, mobile home, travel trailer, motorcycle, business, farm, sr22, renters, rentals and so many more insurance products available.

Don’t Pay For More Than You Need.

Commercial Property Insurance

Commercial Property Insurance blog photo

Finding the right space for your business requires the close consideration of several factors—including neighborhood, traffic, safety, and compliance concerns. When evaluating your options, keep in mind that certain qualities of a particular space may increase your risk and impact your insurance costs. While everything may not be within your control, here are five things you can do to help manage your risks upfront.

1.  Secure your space
Use deadbolts, shatter-proof glass, an alarm system, and security cameras to make sure you’re as protected as possible.

2.  Guard against fire
In addition to up-to-date smoke detectors and sprinkler systems, you should also develop a fire-response plan that includes safety routes, extinguishers, and battery-powered backup lighting to illuminate exits.

3.  Update your infrastructure
Double-check and update aging electrical systems, structural issues, insufficient drainage, and any other structural problems that could lead to a loss.

4.  Consider the setbacks
Significant risk factors—like fire, for example—can generate losses and costs far beyond structural repair. Taking extra security measures and making updates in advance can pay off in the long run by mitigating risks.

5.  Talk to your insurance provider
Taking steps to protect your space from potential hazards sends a signal to your insurance provider that you’re taking concerns seriously—which may translate into lower premiums.

Reducing the risk of theft, damage, and accidents can save your business time, money, and trouble in the long run. Connect with an independent insurance agent today to learn more about your options.