Bensman Risk Management, Inc.


Insurable Interests

Bensman Risk Management, Inc.
2333 Waukegan Road Suite 275
Bannockburn, IL 60015
847-572-0800 Phone
847-572-0502 Fax

Insurable Interests may offer general financial, insurance, tax and business ideas. However, due to the ever-changing tax laws as well as the complexity of the financial industry, you should seek professional advice before implementing any of the ideas contained in this newsletter. The Bensman Group, Bensman Associates Ltd., Bensman Risk Management, Inc. or Schemata, L.L.C. assumes no liability whatsoever in connection with the use of this newsletter.

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Securities offered through Kestra Investment Services, LLC (Kestra IS), Member FINRA/SIPC. Investment Advisory Services offered through Kestra Advisory Services, LLC (Kestra AS). Kestra IS and Kestra AS are not affiliated with The Bensman Group, Bensman Associates Ltd., Bensman Risk Management, Inc. or Schemata, L.L.C.

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Insurable Interests

Vol. 1, Issue 9April 2006

MONTHLY MESSAGE

Safety First

At The Bensman Group a theme we continue to emphasize with our clients is safety. As premier risk managers, we clearly feel that taking steps to reduce risks by taking reasonable safety precautions is as important as insuring risks. The story below is taken from a recent article in the Chicago Tribune. It is followed by some great advice from one of our core insurance carriers.

On a cold wintry evening in a far northwest suburb a crab apple tree could be seen adorned with ornaments of youth and sorrow. Playful photos hung next to flowers amidst half-burned candles and sympathy cards because on this fateful night two young teenage boys were speeding, lost control of their car and slammed into a tree. Both were killed instantly. A tragedy beyond words but one that rings home an agonizing truth: teens and automobiles, too often, are a fatal mix.

Every year more American teenagers die in car wrecks that any other way: Nationally to the tune of 5,610 in 2004. After a steady drop in the 1980’s, teen driving deaths have remained relatively steady for the past 15 years, prompting some experts to call for a wide-range public health campaign.

Examining this further we’ve learned that fatal accidents involving teens and teenage drivers can be attributed to five principle factors:

  1. Drinking and Driving: 25% of teens fatally injured had drivers with high blood alcohol levels
  2. Speeding: 37% of teens are in speed-related accidents
  3. Driving at Night: 41% of teen fatal crashes occurred between 9:00pm and 6:00am
  4. Seat Belts: 60% of youths that died in car accidents were not wearing seat belts
  5. Driving on Weekends: 50% of these fatal accidents occur on weekends

So what’s a parent to do?
  1. Provide safe cars that have airbags and anti-lock brakes
  2. Provide plenty of supervised practice for new drivers with an emphasis on driving under all types of conditions
  3. Mandate seat belt use
  4. Make every effort to enforce no drinking and driving rules
  5. Place restrictions on night-time driving inline with local curfew laws
  6. Enroll new drivers in a driving school
  7. Discuss and reinforce responsible driving

If you, your family or friends have new drivers in their household, please consider the guidelines above and feel free to pass this newsletter along to someone else that could benefit.

As always we continue to focus on being your strategic alliance for life through sound advice, best of class solutions and timely information.

All the best,

Dave Miller

Dave

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