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Five Ways Mallory Agency Helps Businesses Prepare for the Upcoming Hurricane Season with Insurance Coverage

ATLANTA (June 1, 2023) - With hurricane season quickly approaching, businesses must have the right insurance coverage to protect against potential losses. Hurricanes can cause extensive damage to buildings, equipment, and inventory, resulting in

significant financial burdens for businesses. Mallory Agency, a best-in-class, privately-held insurance broker with a national reach and strong roots in Georgia, provides insurance, risk management, claims, and proactive services to clients facing risks,

including hurricane destruction.

Mallory Agency provides the following five services to help businesses prepare for the upcoming hurricane season:

(1) Guidance on Hurricane Preparedness and Risk Assessment

Mallory Agency regularly reviews risk assessments to identify potential hazards, assess vulnerability, and develop updated mitigation plans to ensure they remain effective.

(2) Offers Parametric Insurance

Mallory Agency understands that traditional property policies can leave gaps in coverage, specifically when it comes to named storms like hurricanes. With the increase in risk and cost in property insurance, especially on the southeast coast, we are seeing mandatory higher deductibles for clients. Parametric insurance is a strategic tool to

offset those deductibles. Parametric payments are trending with a 30-day payout. According to Matt Mallory, CEO of Mallory Agency, "Natural disasters, and specifically hurricanes, have crippled the property market. Parametric has recently emerged and is a complement to – not a replacement of – flood insurance. The trigger for a claim is wind speed not property damage. The coverage is a useful transfer of risk, but, (relatively speaking) highly specialized specific coverage comes at a higher cost. It asks for fewer details before reimbursement."

(3) Becomes a Business Partner

Mallory works closely with businesses to understand their unique risks and needs. They believe the actual work and partnership begins the first day after binding your insurance ⎯ becoming a part of the team to guide every step of the way. This helps protect the bottom line and improves overall risk management practices and resilience.

(4) Maintains a Pulse on the Market Place

Understanding the marketplace is critical to strategically placing a client's risk. Mallory has senior-level relationships with our markets enabling them to place businesses with the least resistance.

(5) Proactive Service

Mallory is a proactive services firm that believes in calling clients regularly to guide and advise how to pivot and course correct when needed strategically.

“The Mallory Agency understands the importance of being prepared for hurricane season, and we are here to support businesses every step of the way,” says Mallory. “We are dedicated to providing our clients with the necessary tools to ensure they are protected and can continue to operate, even in the face of disaster.”

About Mallory Agency

The Mallory Agency is a property and casualty insurance broker serving clients throughout the United States. With a national reach and strong roots in Georgia, Mallory provides insurance, risk management, claims, and proactive services to clients who

seek Mallory for its commitment to service, advocacy, and relationships. For 115 years, Mallory's unwavering dedication to bringing clients results has catapulted them into an expert position in the insurance industry. To learn more about Mallory Agency, visit www.malloryagency.com

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ATLANTA (June 29, 2022) – As National Safety Month draws to a close, Mallory Agency, the best-in-class, privately-held insurance broker in Georgia and beyond, has identified the top three threats to restaurant safety: foodborne illness, workplace hazards and cyber risk. “Virtually every industry experienced disruption during the pandemic, but the restaurant industry faced an exponential level of adversity,” said Matt Mallory, CEO of Mallory Agency. “As restaurants continue their efforts to recover from the effects of the pandemic, it’s critical that their leadership pays attention to foodborne illness, workplace hazards and cyber risk in order to avoid additional issues.” Foodborne illness affects an estimated 48 million Americans every year and can cost restaurants millions of dollars in lost revenue, inspection costs and lawsuits – as well as customer business. Workplace hazards like burns, which are the one of the leading causes of occupational injuries in the restaurant industry, can have a significant negative impact on a restaurant’s bottom line when considering things like lost wages, medical care and legal representation. Cyber risk is a burgeoning issue for restaurant operators who are keen to adopt technological innovation. Point of sale (PoS) systems are especially vulnerable to data breaches by hackers, who can steal large volumes of information from a single system with minimal effort. “Mallory Agency is committed to over-delivering for our restaurant clients,” said Mallory. “We pride ourselves in understanding these threats inside and out so that we can better prepare our restaurant clients for risk and coverage.” ABOUT MALLORY AGENCY The Mallory Agency is a property and casualty insurance broker serving clients throughout the United States. With a national reach and strong roots in Georgia, Mallory provides insurance, risk management, claims and proactive services to clients who seek Mallory for its commitment to service, advocacy and relationships. For 115 years, Mallory’s unwavering dedication to bringing clients results has catapulted them into an expert position in the insurance industry. To learn more about Mallory Agency, visit us at www.malloryagency.com .