If payroll records are lost before an insurance audit, employers should notify auditors, attempt to reconstruct data, and ensure compliance. Learn how to avoid penalties and protect payroll records for future audits.
Homeowners insurance premiums increased 10.4% nationally in 2024, with Nebraska seeing the highest jump. Insurers like American Family led rate hikes, while profitability improved industry-wide through aggressive pricing and better risk management.
California’s Senate Bill 1107 increases personal auto insurance minimum limits to 30/60/15 starting January 1, 2025. This change will impact policies with lower coverage, leading to premium increases. Continue to the post to learn all about it.
Homeowners in California must choose between admitted and non-admitted insurers. Understanding the risks, benefits, and available protections can help you make an informed decision about your home insurance policy.
If you’re a homeowner in California, don’t wait for an insurance crisis to hit. Keep your property well-maintained, stay informed about your insurance options, and consider working with an experienced broker. By staying ahead of potential problems, you can protect your home and your financial future.
The rise in homeowners insurance non-renewals in California is making it harder for many to secure coverage. This post explores the reasons behind this trend, the role of the California FAIR Plan, and how property conditions and new technologies are influencing insurance decisions.
Wildfire risks in California are shifting from rural to urban areas, driven by climate change and technological advancements. Homeowners and insurers face new challenges in managing risks, leading to higher premiums and policy non-renewals.
Your auto insurance score, derived from your credit report, significantly impacts your insurance premiums. Learn how improving your credit score can lead to lower insurance costs and explore strategies to achieve this.
Why General Liability Coverage Alone Isn’t Enough When it comes to construction projects, General Liability insurance is essential but not always sufficient. General Liability typically covers third-party bodily injury and property damage claims resulting from faulty workmanship, but it doesn’t cover the costs to repair or replace the defective work or products. This is where Professional Liability insurance comes into play. Professional Liability, also known as Errors & Omissions (E&O) insurance, can cover these costs, including situations where faulty workmanship causes only financial losses without any physical damage. For most construction claims, which often involve bodily injury or property damage,… Read More »Why General Liability Isn’t Enough: The Importance of Professional Liability Insurance for Contractors
When it comes to safeguarding your most cherished possessions, relying solely on a basic homeowners policy might leave you with gaps in coverage. Most homeowners insurance companies recognize this and offer enhanced protection options such as Basic Coverage, the Valuable Items Plus endorsement, and the Personal Articles Floater. By understanding the differences between these options, you can better determine which level of coverage aligns with your specific needs. Valuable Items Plus: Expanded Protection for Everyday Valuables The Valuable Items Plus endorsement builds upon a standard homeowners policy by extending coverage to personal items that might not be fully covered under… Read More »Valuables Insurance for College Students