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Sewer or drain back up

Sewer or drain back up

Has your client’s property had water damage claims over the years that have affected their premiums and overall deductibles? According to a leading insurer’s claims data, water or liquid damage is a leading cause of commercial property loss from a frequency/severity...

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Writing Business Income Coverage

Writing Business Income Coverage

Business Income coverage (sometimes referred to as “Business Interruption coverage,” meaning Net Income and Continuing Normal Operating Expenses, including payroll), is protection against loss of income or profits, in which a business has suffered a property loss or...

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Peace of mind = extended period of indemnity

Peace of mind = extended period of indemnity

Businesses suffering damages due to a disaster (i.e., fire, quake, water loss) often take an enormous hit to their customer clientele – and their bottom line. A typical business interruption policy form provides the insurer will pay the actual loss of business income...

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Getting it right: Market Value vs Replacement Cost

Getting it right: Market Value vs Replacement Cost

To get the right commercial property insurance, your client needs to make sure they understand the components of the coverage, and one of the most basic — and frequently misunderstood - concepts is around market value vs replacement cost. Valuation basics The market...

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Shake, Rattle and Roll

Shake, Rattle and Roll

With the vigorous shaking in Southern California over the past few days, including the mid-morning, main event Fourth of July quake (6.4), and a stronger, magnitude 7.1 aftershock the evening of July 5, it’s a good time to review your client’s insurance coverages for...

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Revenge of the Appliances

Revenge of the Appliances

With any water damage claim, time is of the essence. The longer a leak goes on, the more water damage it will cause to a client’s property. Whether it's behind the washer or refrigerator, even a little drip can lead to big trouble. According to the Insurance...

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Don’t Strike Out: The Company Picnic

Don’t Strike Out: The Company Picnic

Company events are much more than just a chance for employees to gather. Whether an organization is holding an annual awards ceremony and dinner, a summer picnic, or a holiday party, it’s much more than just kicking back for good times. Company events help: Validate...

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Power Struggle

Power Struggle

California’s investor-owned utilities launched a media campaign in the past month to inform residents that tens of thousands of them — perhaps millions — could face hours, or days, without electricity. PG&E, whose infrastructure was found to be the cause of several...

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Before You Dive In

Before You Dive In

We’ve written before (The Top 5 Ways to Avoid Dangers of Pools) about what to beware of when a multi-family (4+ units) apartment or condo property, hotel/motel has a pool. And we’re back with additional information about what owners of these properties need to have in...

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