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Earthquake

Ordinance or Law Insurance Coverage

Generally, Ordinance or Law insurance coverage provides limited protection for costs associated with repairing, rebuilding, or constructing a structure when physical damage to the structure by a covered cause of loss triggers an ordinance or law.

According to Adjuster’s International Disaster Recovery Consulting, compliance with ordinances and laws after a loss can add 50% or more to the cost of the claim*.

Insureds should take a proactive approach to their insurance program and the coverage provided by the program. Learning about important exclusions and limitations after a catastrophe strike will cause the Insured to experience frustration and anxiety. Insureds should always read their policies, and in some states, may be required by law to do so.

Ordinance or Law Exclusion

Most property insurance policies will have an Ordinance or Law exclusion. The exclusion applies to both physical damage and time element coverage.Read More »Ordinance or Law Insurance Coverage

Step-by-Step Hurricane Preparation

emergency preparedness kit

What actions should property owners in the predicted path of the storm take to prepare?

The Federal Emergency Management Agency (FEMA) provides invaluable advice on what you should do when you receive a hurricane watch or hurricane warning alert from the National Weather Service for your area.

As the hurricane approaches, here’s a checklist of what to do as the storm approaches, broken down by hours:

1. What to do when a hurricane is 48 hours from arriving

– Review your evacuation route(s) & listen to local officials.
– Review the items in your disaster supply kit; and add items to meet the household needs of children, parents, individuals with disabilities or other access and functional needs or pets.Read More »Step-by-Step Hurricane Preparation

Why Californians Aren’t Buying Earthquake Insurance?

San Francisco Earthquake No doubt after last earthquake near Napa, you’ve purchased or restocked your emergency kits, and rehearsed with friends and family what the plan is if another big one hits. And then, there’s earthquake insurance, or probably not. Most Californians if they’ve looked into it have already determined earthquake insurance is far too expensive for what they’re likely to get in return. According to Amy Bach, an executive director and co-founder of United Policyholders, a San Francisco based nonprofit that advocates for insurance consumers, people often go on rumors, and there is a lot of misinformation out there about earthquake insurance in general. Including in the agent/broker community. Now there’s a lot of folks out there selling it that really don’t know about all the options.Read More »Why Californians Aren’t Buying Earthquake Insurance?

Earthquake at night? Relief to the employer!

Photo by @NBCNewsPictures

Photo by @NBCNewsPictures

6.1 earthquake this Sunday night has awaken Bay Area at 3:20AM. Some of the people got injured and have been hospitalized.  

Had the quake hit during the day when most businesses are open the employees could have been injured at work and the employers could have been responsible for their injuries. There is no legal precedent as to whether workers compensation insurance would cover those injuries resulted from the quake, however, it is quite likely.Read More »Earthquake at night? Relief to the employer!

Protection for Water and Sewer Districts

Serving the public is a serious, round-the-clock responsibility. It’s your job to protect, plan for, and serve the needs of your community as it grows. And it’s our job to protect you with thoughtfully designed, tailored insurance coverages. Our dedicated underwriting, claims and risk control teams work specifically with water and sewer districts and can provide you with one source for your insurance and risk management needs.

WE UNDERSTAND YOUR GENERAL LIABILITY HAZARDS

• Training modules for unique risks such as flagging/traffic control
• Risk control specialists to assist in analyzing digging sites for pipe-laying hazards
• Coverage available for failure-to-supply services and sewer back-up liability
• Utilization of immunities and tort caps where applicable
• Coverage for members of boards, commissions and sewer authorities

WE HAVE AN INDUSTRY-LEADING WORKERS COMPENSATION PROGRAM

• Co-located medical and claims professionals promptly handle, thoroughly investigate and fairly resolve claims, with a focus on return-to-work
• Discounts and savings through carrier’s preferred medical provider network

WE KNOW YOUR MACHINES

• Specialized equipment breakdown  coverage and certified boiler and machinery inspections and consultations through carrier’s Boiler & Machinery

WE PROVIDE SERVICES FOR EMPLOYMENT PRACTICES

• Complimentary EPL hotline provides access to EPL attorneys* to answer your questions
• Discounts for employee training to help protect against “failure to train” exposures

WE UNDERSTAND EMOTIONS ASSOCIATED WITH SEWER BACKUP

• Our dedicated Sewer Backup Claim Unit  understands the importance of balancing residents’ emotional reactions to water backup events with prompt claim handling
• Specialists work with sewer backup adjusters for valuation of residents’ personal items, antiques, etc.

WE OFFER CYBER LIABILITY PROTECTION

• Coverage to protect against cyber and ID fraud for entities that store data electronically

Read More »Protection for Water and Sewer Districts

Business Insurance Market Update

The hardening insurance marketplace has led to a great deal of success for us in a variety of our niches recently. We continue to develop new products at the same time. Below are several items we wanted to highlight: 1) Apartments / Lessors Risk (Office Exposure – Real estate schedules that generate more than $100,000 in premium in the “better… Read More »Business Insurance Market Update

Earthquake Deductible Buyback in California

A few facts about earthquake insurance: Fact I:  Most residential insurance policies do not cover earthquake damage – a separate earthquake policy is required. Without earthquake insurance to help you cover the costs of repairs and other expenses that come with catastrophic damage, you will pay out-of-pocket to fix your home, to replace your personal property, and to live and… Read More »Earthquake Deductible Buyback in California