Skip to content

Insurance News

Our March Success List

NEW YORK – Restaurant Supply Store – Metal Goods Manufacturing for Restaurants/Bars/Hotels – Very large slip and fall loss 2 yrs prior – $20,000 Premium – NY – Household goods mover MTC account – Trucker’s GL also separately placed – $800 Premium – NY CALIFORNIA – Large Pallet MFG for $13K in premium in CA. – Large Used Car Dealership in CA for $35K. – Large ($50 Million) TIV Vacant Building – 25 Rental Dwellings to “flip” – CA – $10,500 Premium – Door and Window MFG – CA – $4,000 Premium – Excess added for $750 to Premium FLORIDA,… Read More »Our March Success List

Cheesy for some Papa John’s

Fireman’s Fund has opened the door to a new eligible risk and franchise for Paperless Insurance! The franchise’s ‘Better Ingredients,  Better Pizza” has made them infamous but their esteemed reputation and recognized leadership practices has made them our goal! Papa John’s Pizza now eligible in Paperless Insurance’s national Pizza Operators Insurance Program. Our program is written on a Business Owners Policy (BOP), which includes Business Personal Property with Tenants Improvements and Betterments, Business Real Property (if insured owns the building) and Business Liability. The BOP also includes Data Compromise, Crisis Management, Food Contamination, and Identity Recovery. Other coverages available in most states include Non-Owned Auto, Hired Auto, Owned Auto, Excess Liability, Liquor Liability, Workers Compensation, Employee Benefits Liability, Employment Practices Liability and Payment… Read More »Cheesy for some Papa John’s

Willful Misclassification of Independent Contractors (SB 459)

California law SB 459 imposes a civil penalty of $5,000 – $15,000 for each violation on a person or employer that willfully misclassifies an individual as an independent contractor. Willful misclassification is defined as avoiding employee status for an individual by voluntarily and knowingly misclassifying that individual as an independent contractor. The penalty increases to $10,000 – $25,000 for each violation if the person or employer has engaged in a “pattern or practice” of willful misclassification. The law also subjects paid, non-attorney advisors to joint and several liabilities with the employer if they knowingly advise the employer to treat an… Read More »Willful Misclassification of Independent Contractors (SB 459)

Paperless Insurance Now Offers Coverage in New York

SAN FRANCISCO-based independent insurance brokerage Paperless Insurance Services (PIS INC), Inc. has started offering business insurance products in the State of New York, PIS INC announced Thursday. PIS INC will be using their website as the marketing and underwriting base in the State if New York CFO Diana Motseniat said in her announcement. Paperless Insurance also announced that it is in the process of starting operations in the State of Texas. “Starting operations in New York is vital to the continued expansion of our U.S. platform to complement our strong position and build a truly unified small business insurance platform,”… Read More »Paperless Insurance Now Offers Coverage in New York

New Hybrid Pension Plan in California

New California state and local government employees would be covered under a hybrid pension program under a proposal announced by Gov.Brown. The proposal would create a pension plan with elements of defined benefit and defined contribution plans and would also raise to 67 the retirement age for new government employees. The normal retirement age for state and local government employees is 60, though some can retire as early as 55 with full benefits. Mr. Brown said in a speech at the statehouse in Sacramento that the plan would save the state about $0.900 billion a year and that similar savings… Read More »New Hybrid Pension Plan in California

Workers Compensation Statute of Limitations Explained

A workers compensation statute of limitations is a regulation in a common law legal system that sets the maximum time after an event that legal proceedings based on that event may be initiated. For example, such legal proceedings may involve claim subrogation or premium collection. California’s statute of limitations for collecting unpaid insurance premiums begins once an insurer has sent its final audit bill to the policyholder, and continues for 3 years. In a unanimous opinion, the court said the California State Compensation Insurance Fund could collect on $1 million in workers compensation premiums owed by building contractor, even though… Read More »Workers Compensation Statute of Limitations Explained

Employment Decisions Based on Credit Prohibited in CA

California has become the seventh state to prohibit credit checks in making employment decisions with legislation governor signed into law. With the signing of A.B. 22, California joins Connecticut, Hawaii, Illinois, Maryland, Oregon and Washington state in barring credit checks of prospective employees, according to the Denver-based National Conference of State Legislatures. To date, 58 bills in 28 states and the District of Columbia were introduced or pending in the 2011 legislative session, according to NCSL. Certain jobs exempt Under California’s law, which is effective Jan. 1, 2012, employers can use consumer credit reports for employment purposes only for the… Read More »Employment Decisions Based on Credit Prohibited in CA

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)

1 Sentence News Kaleidoscop

– License Plates Proposed for NYC Bike Messengers – The bill is being proposed by Councilman of Brooklyn, who says license plates would help to quickly identify those cyclists who break traffic rules. – Use of Credit-based Insurance Scores Upheld in Texas – TX Supreme Court has made it clear Texas law requires that factors used in credit scoring to price insurance be race neutral, or not based on race. – Driver of Car Hit by Train is Billed for Damage – Metro-North plans to bill a 40-year-old woman for the damage one of its trains suffered when it struck… Read More »1 Sentence News Kaleidoscop

Property Crimes Dropped in 2010

Violent crime is down 6.2% and property crimes have decreased 2.8% in the U.S., according to the latest government statistics. Also, arson offenses, which are tracked separately from other property crimes, is down 14.6 percent nationwide. The Federal Bureau of Investigation (FBI) report compares information from law enforcement agencies for the period January to June 2010 with the same period in 2009. Among the FBI’s findings for January through June, 2010: Property Crime • Property crime was down 2.8% nationwide for the first six months of 2010 compared with data for the same months of 2009. • Motor vehicle theft… Read More »Property Crimes Dropped in 2010