Commercial risk management refers to a strategy that businesses adopt in order to protect their assets, reduce liabilities, and safeguard cash flow within their organizations. These days, businesses are faced with numerous commercial-related risks that can affect their profitability, finances, and operations. Commercial risks for businesses consist of both internal and external factors which can contribute to business failure.
For starters, a commercial risk management plan helps secure business assets, which can range from intellectual property to real estate, computer equipment, and construction equipment. A good risk management plan should outline how assets can be replaced in the event of loss and how a business can stay afloat despite the loss in assets. For instance, some business owners opt to sign up for an insurance cover in order to protect their business assets. A commercial business risk management plan should minimize business exposure to liability. A good risk management plan shields a business from unexpected liability, such as a lawsuit or accident. Some of the major commercial liability risks for businesses include auto accident liability, data and cyber liability, employee injury/safety risks, and faulty product or workmanship liability. Lastly, a commercial risk management plan should protect business cash flow as it outlines a plan a business can adopt in the event of a disaster. Businesses need to have a plan to protect their enterprises from sudden loss of income due to a disaster. A good plan allows businesses to set up a preparedness strategy that will help them remain in operation.
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Gelato may look like ice cream and even translates to ice cream in Italian, but gelato has many differences from American ice cream. First, unlike ice cream, gelato does not call for large amounts of cream and yolks, making American ice cream more fattening and custardy. Next, gelato is churned slower than ice cream, making it denser with fewer air bubbles incorporated.
Gelato tends to offer more of a punch when it comes to flavor because ice cream’s flavor can be overwhelmed by fat, which makes it harder for taste buds to distinguish flavor. Additionally, since gelato is served warmer than ice cream, the flavors are more prominent, making gelato a better vehicle for showcasing delicate flavors. For those looking to save on calories and fat, gelato only contains 4 to 9 percent fat, while ice cream contains 10 to 25 percent. A traditional portion of vanilla ice cream serves 50 percent more calories than gelato, making gelato a healthier dessert. The charitable organization Hometown Foundation Inc. remains dedicated to helping people in need. It runs several programs, including Hungerless Holidays.
Every year, families nationwide look forward to sharing meals while celebrating Thanksgiving. However, some families cannot share in this joy. Through the Hungerless Holidays program, the Hometown Foundation collects donations and uses them to buy turkeys and other food items for thousands of families in some cities nationwide. In 2023, Hungerless Holidays donated 27,500 turkeys, canned foods, and fresh produce to over 225,000 people. It reached individuals in several cities, including Bronx and Brooklyn in New York, Boston and Monson in Massachusetts, Foster and West Warwick in Rhode Island, Thompsontown and Carmichaels in Philadelphia, and Lorton in Virginia. Away from the Northeast, Hungerless Holidays reached individuals in Illinois, Alabama, and New Mexico. It was able to distribute the food thanks to support from volunteers and numerous police departments. The food donations in 2023 were the highest that Hungerless Holidays received in five years. In 2022, the program donated 24,000 turkeys and over 100,000 lbs of food. In 2019, before the COVID-19 pandemic, it donated 15,000 turkeys and several thousand pounds of food. An experienced property manager based in Hartford, Connecticut, Paul “Paolo” Mozzicato has served as principal and project manager with Mozzicato Real Estate, Inc., since 1999. When he is not acting as a general contractor or fiscal analyst at the real estate company, Paul “Paolo” Mozzicato is a passionate philanthropist who engages with a number of groups and causes, including First Tee of Connecticut.
First Tee is a golf-based youth development program that uses the sport to help participants develop character and important life skills. The organization operates six programs. Group lessons are offered at 11 courses throughout the state. Lessons are held in spring, summer, and fall. Prices for group lessons vary, but First Tee provides financial aid to youth who need assistance. Individuals are encouraged to only sign up for one lesson at a time so that all children have an opportunity to take part, but those interested in more frequent sessions on the course can look into the First Tee summer camp. The four-day experience provides ample course time, including sessions dedicated to young golfers aged five and six years. Golf is an individual sport, but First Tee has developed a team golf program that supports the organization’s life skill building services with elements of collaboration and communication, in addition to general social interactions. Individuals must have prior experience with the First Tee program before joining a team. The group also manages programs for families and winter golfers, as well as female golfers who would prefer to refine their game among other girls. More information about these programs can be found at the First Tee website, firstteeconnecticut.org. An accomplished entrepreneur with over two decades of experience in real estate, business ownership, and finance, Paul "Paolo" Mozzicato is a risk advisor at Smith Brothers Insurance in Glastonbury, CT. He offers total asset protection to families and businesses by diagnosing their needs and offering objective solutions. In addition to his work as a risk advisor, Paul "Paolo" Mozzicato is also a devoted supporter of the Dream Ride Experience, a motorized charitable weekend in Farmington that raises funds for The Hometown Foundation.
The Hometown Foundation is a non-profit organization that supports various causes, including animal welfare. It is a staunch supporter of the animal welfare community and has established animal welfare programs in addition to its humanitarian efforts. Its core animal welfare programs are Paws For A Cause and Disaster Relief programs. Paws For A Cause is an annual fundraising campaign that features a pet adoption program. Through this campaign, the Hometown Foundation raises funds to support animal rescue and welfare efforts throughout the United States. From 10 a.m. to 4 p.m. during the campaign, the foundation hosts its Paws For A Cause Pet Adoption Center. The adoption program serves to help homeless pets find new families. Hundreds of cats and dogs have found new homes thanks to the program. Paws For A Cause holds annually at The Dream Ride Experience, the foundation's signature event. The Hometown Foundation Disaster Relief Program provides vital pet resources to disaster-impacted communities. The program's rationale is to ensure that people prioritize pets' rescue and wellness alongside humanitarian efforts when disaster strikes. Thanks to its growing network of sponsors, the program provides food, transportation, housing, and vaccines to animals in disaster-stricken regions. Based in Hartford, Connecticut, Paul "Paolo" Mozzicato is a risk management professional who works with members of the local business community in delivering comprehensive insurance solutions. One area of focus for Paul "Paolo" Mozzicato at Smith Brothers is ensuring compliance with Affordable Care Act (ACA) assistance mandates.
Enacted in 2010, the ACA remains in effect to this day and has served to make the private health insurance market more transparent and equitable. Elements of its mandates include subsidies that enable people of limited means to purchase coverage and a prohibition of coverage refusals due to preexisting conditions. In addition, the ACA provides for an online marketplace that allows various health plans from various insurers to be compared and selected from. The ACA has an employer mandate that requires companies with at least 50 full-time equivalent employees (FTE) to provide affordable health insurance options that exceed a “minimum standard of value” threshold for full-time workers and their kids. The ACA minimum requirements are considered met when the employer contributes 60 percent or more of covered services’ costs and employees’ contributions don’t exceed a set percentage of their household income. Those companies under the FTE 50-employee threshold do not need to offer employees coverage. However, should they make it available, they are obligated to offer it to all FTEs. Employers with 50 or less FTEs have the option of using the ACA-mandated SHOP online marketplace for selecting dental and health coverage providers for employees (100 or less FTE for New York employers). The co-owner and manager of Mozzicato DePasquale Bakery and Pastry Shop for more than two decades, Paolo “Paul” Mozzicato also works as a real estate professional in the Hartford, Connecticut, area. Actively involved with various charitable organizations, Paolo “Paul” Mozzicato supports the Dream Ride Experience.
The signature fundraiser of The Hometown Foundation, which supports a broad range of community needs, the Dream Ride Experience is a weekend event that involves a car show and culminates in the Dream Ride, a Sunday morning motorcycle tour through Farmington, Connecticut. Over the years, the Dream Ride Weekend has included other recreational activities such as live entertainment, a pet adoption center, a firefighter chili cook-off, and raffles. The inclusive, family-friendly event attracts Dream Riders from all over the country. Dream Riders are individuals with intellectual and development disabilities (many of them Special Olympics athletes) who participate in the motorcycle tour alongside individuals without disabilities. Since its creation, the Dream Ride Experience has donated more than $15 million to support the important work of the Homeland Foundation. A multifaceted business leader in Greater Hartford, Connecticut, Paul "Paolo" Mozzicato serves as principal of a local real estate company and a local bakery. Outside of the professional arena, Paul "Paolo" Mozzicato supports the charitable efforts of the Dream Ride Experience.
The signature fundraising event of The Hometown Foundation, the Dream Ride Experience takes place over the course of a weekend and features parades of classic and exotic vehicles. These parades pair volunteer drivers with “dream riders,” who are Special Olympics athletes that experience a range of mental or physical impairments. The Dream Ride Experience has raised more than $15 million to date and a record-breaking $2.5 million in 2020 alone. Through its official website, the Dream Ride Experience encourages members of the general public to sponsor a Special Olympics athlete, paying for transportation to and from the event, lodging and living expenses during the event, and admission to all event activities and experiences. A resident of Avon, Connecticut, Paul "Paolo" Mozzicato has been in the real estate industry for over 20 years and is the owner and operator of both a successful real estate firm and a successful bakery. Paul "Paolo" Mozzicato is also actively involved in local charities, including the Dream Ride, which offers an annual weekend experience that is fun for people of all ages.
The Dream Ride Foundation was created in 2001 as a charity to help use cars and motorcycles to give back to those with intellectual and developmental disabilities. In its almost 20 years it has grown substantially, and the annual Weekend Experience is visited by thousands of people and raises millions of dollars for the local charity. The Weekend Experience has a number of events throughout the weekend, starting with the dream cruise and Wrangler rally. This cruise pairs drivers of exotic and classic cars with Special Olympics athletes for a 12-mile, police escorted cruise. The title-event, The Dream Ride, consists of thousands of motorcycles converging on Connecticut to tour 40-miles of the countryside while escorted by police. Other events include car and motorcycle shows with some rare and unique collections. There is also a K-9 challenge for police officers to enter and see who is the best handler and dog pairing. Lastly, there is a chili cookoff involving firefighters that awards winners with trophies and cash prizes. Close A business leader and experienced manager, Paul "Paolo" Mozzicato is the co-owner if Mozzicato Bakery, an Italian bakery and pastry shop in Hartford, Connecticut. Very engaged in giving back to society, Paul "Paolo" Mozzicato contributes to several charitable organizations, such as the Pan-Mass Challenge/Perry S. Levy Fund for Gastrointestinal Cancer Research and the Dream Ride Experience's philanthropic efforts.
The Dream Ride Experience is an annual fundraising event and charity motorcycle ride in Farmington Valley, Connecticut. It is an event hosted by the Hometown Foundation, a non-profit charitable organization dedicated to helping people and animals in need with community programs. Michael A. Bozzuto founded both The Hometown Foundation and The Dream Ride Experience. The event aims to celebrate Dream Riders' achievements, who are individuals and Special Olympics athletes with developmental or intellectual disabilities. As a weekend-long event, Dream Ride features a number of family activities, such as a car show and a motorcycle ride. Another iconic Dream Ride activity is the Dream Cruise, in which drivers and Dream Riders pair up on exotic or classic vehicles and go on a twelve-mile cruise across the Farmington Valley. |
AuthorPaul Mozzicato of Avon, Connecticut. Archives
February 2021
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