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Coverage

Employment Benefits Become Less Affordable

Almost all employers admitt their employees need help in making benefits decisions and education to make changes in their benefits programs according to a survey taken at the recent Society for Human Resource Management conference. The survey, conducted by Colonial Insurance Company, also found that a little over half employers plan to increase employees’ share of health insurance premiums, while nearly half are increasing deductibles and co-payments in response to the rising cost of health care.

Flood Insurance in California

With aging storm drains and no money in the coffers to fix them, flooding homes and businesses will become reality. Especially with 3 times the normal snowpack in the Sierras, parts of California will be affected even before next year’s rainy season. There are clients out there who have experienced downpours, flooding and mudslides wondering why they didn’t have more insurance to fix their mess. Paperless Insurance offers protection against these calamities.  But, remember, it is too late when a flood is imminent as there is a 30-Day waiting period before coverage is in effect. Even though it doesn’t normally rain much in California,… Read More »Flood Insurance in California

Often Misunderstood Facts Surrounding Certificates of Insurance

Certificates of Insurance are informational only, and cannot be used to grant, amend, extend or alter coverage or policy terms; Inserting any additional wording onto a Certificate of Insurance that grants, amends, extends, or alters coverage is an improper use of the Certificate of Insurance and is in violation of certain state statutes; The number of days notice for cancellation to a Certificate Holder should not be inserted onto the Certificate of Insurance; this notice can only be accomplished by attaching a separate endorsement to the policy; The separate cancellation notification endorsement is attached to the policy, it is not attached to and… Read More »Often Misunderstood Facts Surrounding Certificates of Insurance

Keep jewelry OFF the Homeowners policy, here’s why..

If jewelry is on HO: The impact of a jewelry claim is serious! Jewelry loss counts as HO loss. Jewelry losses hit CLUE and PILR reports. Client loses homeowners’ “claim free” rating. HO policy is difficult to re-market after a loss. “Mysterious disappearance” claims, in particular, are red flags. HO policies have capacity limitations. Many HO carriers will not cover higher-value jewelry. HO policies will not list non-family members with “insurable interest.” NOTE: 70% OF PERSONAL PROPERTY THEFT LOSSES ARE JEWELRY Want to get a quote for your Homeowners’ Insurance? Visit our website or call 877-239-0067.

Hard Market – Should you wait for it?

If you have active business insurance policy, do your best to keep it, and have no cancellation, especially for non-payment’ otherwise, your policy underwriter can say that future “rewrites” after midterm cancellation may be problematic. This means that another rewrite may need to go through brokerage where rates on your class most likely will be higher and forms more restrictive, probably Claims Made. Most “experts” feel we are on the cusp (

Copper Theft Bill in South Carolina

A SC bill designed to curb thieves from ripping copper from air-conditioning units and farm irrigation systems is heading to Gov. Nikki Haley. The Senate voted 39-1 this week to agree to changes made in the House. The amended bill bans cash sales for copper and requires both the seller and recycler to obtain permits from local law enforcement. It requires metal recyclers to record information on the sale, including the seller’s photograph, a copy of the permit and the license plate number. The bill’s supporters say thieves are destroying property for a few dollars’ worth of copper. Law enforcement… Read More »Copper Theft Bill in South Carolina

Riot Damage Coverage – What you should know

As many as 50 storefronts were damaged or destroyed in rioting and looting in Vancouver Wednesday night following the Vancouver Canucks Stanley Cup Finals loss, though not all of the riot damage will be covered by insurance. While Business Owners Policy would cover for things like theft and vandalism, and fire related losses, storefront windows are usually covered under a special contract with glass companies, and often exlude riots, criminal acts and terrorism.

ADP – Automatic Data Problem?

ADP (Automatic Data Processing Inc) the world’s largest payroll processor, todayt said it is investigating a data breach affecting one of its corporate clients. ADP said it is “taking measures to address the impact” of the breach, but it did not provide specifics. The breach occurred at a benefits administration unit ADP recently bought and was limited to a single client. ADP did not identify the company that was affected. The processor said it has been working with law enforcement and other officials to identify the cause of the breach and to catch the hackers. ADP is the latest in… Read More »ADP – Automatic Data Problem?

Non-Profit Management Liability (D&O / EPL / Fiduciary Liability)

In addition to the full complement of HR helpline services available to policyholders, we have been a consistent, steady market for Non-profit D&O and related coverage for over 6 years. We can provide coverage for virtually all classes of business, including nursing homes, water districts, airport authorities and social service organizations. We can work from any carrier’s application, turnaround time is about a day, and policy issuance usually happens within a day. We offer A+ A. M. Best security from Old Republic Insurance Company, defense costs outside the limits, and no emotional distress or mental anguish exclusion of any sort.… Read More »Non-Profit Management Liability (D&O / EPL / Fiduciary Liability)