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Insurance for contractors – announcement

In the past we were resistant to write insurance for artisan contractors. We were mostly dealing with small, usually one man, companies, and efforts spent to provide insurance quote most of the time weren’t justified with a bottom line. Today we’re happy to announce “Happy Artisan Contractors” program. Premium starts from $750 to $1000 in California ($450 to $1000 in other states). Excess Liability up to $5,000,000 is also available. Limits 300,000/300,000/300,000 (CA, NV, OK & OR only) 500,000/500,000/500,000 500,000/1,000,000/1,000,000 1,000,000/1,000,000/1,000,000 1,000,000/2,000,000/1,000,000 1,000,000/2,000,000/2,000,000 Artisan contractors who perform new construction in tract home subdivisions of up to 10 homes are acceptable!… Read More »Insurance for contractors – announcement

Poor Service Leads to Fraudulent Insurance Claims: Survey

More than half of U.S. consumers say poor service from an insurance company is more likely to cause an individual to commit fraud against that company, according to a survey by Accenture. The survey also reveals a significant increase in claims filed, with nearly half of U.S. adults saying they had filed property/casualty insurance claims at some time, up from less than one-third in a similar survey conducted in 2003. The proportion of individuals who have filed an insurance claim increases with age and income the survey shows. For example, among people over 55, more than 60% have filed a… Read More »Poor Service Leads to Fraudulent Insurance Claims: Survey

Hartford Launches Renewable Energy Unit

With the U.S. energy industry on the verge of a “renewable revolution,” fueled by state-level renewable portfolio standards and significant investments by public and private entities, companies engaged in renewable energy will need to protect their assets and investments while seeking ways to capitalize on the industry’s tremendous growth potential. The Hartford Financial Services Group, Inc. today announced the formation of its Renewable Energy Unit to address the unique and evolving needs of the rapidly growing renewable energy industry. The new unit will provide specialized underwriting and a full suite of property and casualty insurance products and services for makers,… Read More »Hartford Launches Renewable Energy Unit

Workers’ Comp Fraud and You: Don’t Get Cheated

Fraud can take several forms in workers’ comp, but the bottom line is the same: >>>>>>>>>>>>>>Someone is trying to cheat the system to gain an unfair advantage. • Employees may commit claimant fraud by attempting to obtain workers’ compensation benefits to which they’re not entitled. • Employers may commit premium fraud by intentionally misrepresenting their payroll, the nature of their work, or their number of employees. • Medical practitioners and other service providers may commit provider fraud through falsified or unwarranted billing practices. As an employer, you can make a difference in  preventing fraud: 1. Educate your employees about workers’… Read More »Workers’ Comp Fraud and You: Don’t Get Cheated

Employer’s Basic Workers’ Comp Responsibilities

It’s time for a quick policy checkup. By law you must follow certain procedures for (1) notifying your employees about workers’ compensation and (2) responding to workplace injuries. Check the lists below to make sure you’re in compliance. If you need any of the forms listed here or any other help, contact your company’s Customer Service Center*. ____________________________ *Applicable for California Employers only. Check with your insurance company for law that applies to your State. Required Employee Notices These notices tell employees about their workers’ compensation rights and how to get medical treatment for workplace injuries. • Post the Notice… Read More »Employer’s Basic Workers’ Comp Responsibilities

Disability Benefits for Injured Employees

In addition to providing medical treatment, workers’comp insurance compensates injured employees for their disability and lost earnings. These compensation benefits can take several forms, depending how severe the injury is. Let’s take a closer look: • Temporary disability. TD is intended to partially replace employees’ wages while they are disabled due to a work injury or illness. In most cases, TD provides benefits for a maximum of 104 weeks. • Permanent disability. PD is provided to employees whose medical disability permanently affects their ability to work. The exact PD benefit depends on such factors as the employee’s medically determined impairment… Read More »Disability Benefits for Injured Employees

Understanding the Cost of Your Workers Compensation Policy

Workers’ compensation premium is calculated differently from other types of insurance. Your cost depends on the type of business you operate, your payroll size, and other factors. You make premium payments throughout the policy term, but your exact final premium is configured after the policy term ends. Let’s look at the components that go into determining your premium. Classification system. The California workers’ comp system groups occupations and industries into about 500 distinct classifications. Insurance providers charge a rate for each classification based on the projected claims costs for that industry.  The higher the expected claims are for classification, the… Read More »Understanding the Cost of Your Workers Compensation Policy

What to Expect When an Employee Is Injured

As soon as you are aware of a possible work-related injury or illness, you should take action to provide medical treatment and report a claim. When you file a claim with your workers’ comp insurance company, you are notifying the insurer of an injury or illness that may be covered by your policy. By law, you must file a claim for every occupational injury or illness, with one exception: When the incident does not cause the employee to miss work for a full day or shift beyond the date of injury or illness, and also does not require treatment beyond… Read More »What to Expect When an Employee Is Injured

Illegal Insurance Rescission Prevention in California

California Insurance Commissioner has imposed regulations designed to combat illegal rescissions. The rules take effect on August 18. Currently, health insurers may only rescind policies under very specific, limited circumstances defined by law and regulations. In the past, some insurers have exploited vagueness in these laws to improperly rescind health insurance policies, according to the Department of Insurance. The new regulations clarify the law to protect consumers from these illicit practices and set out specific steps insurers must take before they can legally rescind. All insurers must file revised health history questionnaires that comply with the new regulations and receive… Read More »Illegal Insurance Rescission Prevention in California