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How Moving Affects Your Auto and Home Insurance

America is on the move. With many employers required or volunteered to offer their employees to work from home and with the telecom availability, people are leaving their more expensive cities and houses, and moving out to cheaper places. In San Francisco, for instance, the exodus is so big, it’s a major news headline every other day with a special vacancy / rent reduction coverage once a week on all media outlets.

Moving can come with a lot of stress. Not only do you have to figure out moving costs, pack and orchestrate the movers, but you also have to update your address across all relevant forms. Two important things to pay special attention to during this time are your auto insurance and home insurance.

No one wants to spend hours getting new insurance quotes or transferring over insurance information, but doing so will protect you, your home, and your vehicle during and after your move. Here, we’ve answered the most common auto and home insurance questions to help cover your bases during your upcoming move.

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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

Financial Speak 101 for Small Business Owners: A Pocket Dictionary of Financial Words

A 2014 report (Financial Literacy and the Success of Small Businesses: An Observation from a Small Business Development Center) showed that half of the small businesses weren’t reviewing their financial statements. And of that 50%, 86% were experiencing financial difficulties. Why?
Businesses weren’t reviewing their statements … because they didn’t understand the financial jargon.
If you struggle to understand the financial lingo, this list of common financial terms and definitions may help. Use it as a reference while you’re working with your accountant or while going over your books each week.

Accounts Payable

Accounts payable is also called trade payable. It refers to the total invoices for goods and services a business has received but has yet to pay. They’re usually due for payment within 15 to 45 days. In short, this is money your business owes to other businesses.

Accounts Receivable

Accounts receivable is the amount of money a company has to claim or has invoiced. It is from having sold goods or rendered services to its customers. This is what other businesses or customers owe your business.

Accrued Expenses

Accrued expenses are expenses that a business has incurred but has yet to pay. This is because either the invoices have not yet been received or the payments aren’t yet due.

Examples of accrued expenses include interest on loans and taxes incurred. Salaries your employees earn up to the period of reporting but aren’t due for payment until after the report is prepared are also accrued expenses.


An asset is any item your business owns that is of fiscal value and is expected to benefit the business in the future.

Balance Sheet

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Potential Exposures for Construction Owners ​​​​​​​​​​​​​

Potential Exposures for Construction OwnersAs always with construction projects, it is important that owners of new developments understand insurance coverage to ensure that there is adequate insurance to address any potential risks during and after the construction of the project. While most owners maintain commercial general liability policies or rely on project-specific policies, these policies may not fully protect the owner against any and all risks that they may face during and after construction. This article addresses two unique areas in which owners should take special note to ensure that they are covered for these particular risks: third party action over claims and products-completed operations coverage.


Third Party Action Over Claims

Owner contracts with Roofer to assist in the construction of the roof of a commercial building. During construction, Roofer’s employee falls and injures himself on the project site and collects workers’ compensation benefits under Roofer’s workers’ compensation policy. Typically, Owner would not consider any risks with respect to this injury as Owner required Roofer, in the subcontract, to maintain workers’ compensation insurance. However, despite receiving workers’ compensation benefits, Roofer’s employee files an action against Owner alleging negligence for failing to properly maintain a safe work site.The action filed by Roofer’s employee is considered a third party action over claim. The employee is unable to sue Roofer because workers’ compensation is the employee’s exclusive remedy against his or her employer. Thus, the injured employee brings an action against Owner alleging that Owner’s negligence in failing to maintain the project site contributed to the employee’s injuries.
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How to Onboard and Train Employees into a Safety Culture

How to Onboard and Train Employees into a Safety CultureOnce you attract and hire qualified job candidates to your open positions, having an onboarding and training process can help employees work safely and effectively. A continuous onboarding program will help orient employees not only to the functional details of employment, such as appropriate safety procedures, but also to the safety culture of the organization.

Employee retention strategies, such as onboarding and training programs, can also help protect the considerable time and expense invested in recruiting and hiring new employees. According to the Institute for Research on Labor and Employment (IRLE) at the University of California at Berkeley, the costs of replacing an employee are approximately 9% of an employee’s annual wage. In addition to any lost productivity and institutional knowledge, those costs include recruitment, selection, the costs of learning on the job and any separation costs.Read More »How to Onboard and Train Employees into a Safety Culture

Why Paperless Insurance Services?

A broker who does not fully understand a client’s business or lacks direct links with insurers may not only fall short in advising on coverage but can cause headaches on all sides of the insurance relationship. With thousands of insurance brokers and coverage options out there, why should you choose Paperless Insurance Services, Inc? First, before we offer any insurance… Read More »Why Paperless Insurance Services?

5 Ways to Manage Your Brand and Reputational Risk

Be proactive. Take steps to protect your business. Lawsuits do happen. Implement strong Quality Assurance/Quality Control and Customer Service programs. Document a Product Recall Process including Media/Crisis Management. A Crisis Management Plan can help you respond quickly should a product defect or recall situation arise. Understand your risk for international lawsuits. Review your insurance coverage to ensure that your Umbrella… Read More »5 Ways to Manage Your Brand and Reputational Risk

Meat Tenderizer Safety

Meat Tenderizer SafetyA meat tenderizer is used in nearly every grocery store, and when used properly, they are safe and reliable. But when a machine is in poor repair, or when the built-in safety devices are removed or circumvented, the result is all too often catastrophic. Over the years we have observed a number of situations where tenderizers have been rigged or modified to operate without the protective guard in place.
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Stair Safety Slip and Fall Prevention

stair safetySlip and fall is the #1 liability claim from a frequency and severity standpoint. Numerous factors can contribute to these types of injuries, including inadequate lighting, missing or damaged handrails, poor maintenance/condition, slippery conditions, loose floor coverings, irregular design of stairs and housekeeping.

The following guidelines will help reduce your chances of slips and falls from stairs.
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