Does Your Commercial Business Insurance Cover Disease Outbreaks?
A pandemic is defined as a widespread occurrence of a disease affecting an exceptionally high number of the population, in excess of what might normally be expected in a geographical region. Some of the worst pandemics to occur in modern day history include: HIV/AIDS Pandemic from 2005 to 2012 Flu Pandemic in 1918… Read More »
How to Manage a Business Insurance Claim When Disaster Strikes
The 10 most common type of business insurance claims are Burglary and Theft Water Damage Wind and Hail Damage Fire Damage Customer Slip and Fall Customer Injury and Damage Product Liability Struck by Object Reputational Harm Vehicular Accident While insurance companies aim to make the claims process as simple as possible, there are… Read More »
Why the comparison between Cyber Risk and Natural Catastrophes falls short for Insurance Carriers
A common misconception we see regularly in the insurance sector is the comparison of natural catastrophes and cyber-related incidents. While both are an ever-changing risk to businesses worldwide, there is a large amount of differences between the two, calling for unique examinations and coverage for each. One major difference to note is that natural catastrophes… Read More »
A Practical Approach to Handling a Fire at Your Business
According to the U.S. Fire Administration’s (USFA) National Fire Incident Reporting System (NFIRS), there were 111,000 nonresidential building fires in 2017, resulting in an estimated $2,719,400 in losses. In that same reports, a 10 year trend from 2008-2017 shows a 20% increase in fires and a 30% increase in dollar loss. It is clear to… Read More »
Natural Catastrophe Insurance: What you need to know
2018 natural disasters totaled $52 billion Wildfires, heat waves and droughts account for 34% of U.S. insured losses in 2018 Tropical cyclones account for another 30% and thunderstorms with 27% With fire season in full swing on the West Coast and the East Coast bracing for the coldest winter yet, natural catastrophes have… Read More »
Discussing USERRA Laws, Natural Disasters and the Effects on your Business
In 1994, Congress passed the Uniformed Services Employment and Reemployment Rights Act (USERRA) in an effort to update the laws around military leave to coincide with modern workplace laws. Essentially the statute, under certain conditions, requires that service members are protected from workplace discrimination based on their military service in addition to requiring employers to put these individuals back in their civilian jobs after service. The law calls for three separate employer obligations.
Fire Coverage Newsletter
Roaring fires, fire prevention and fire technology have been a contentious debate for many years amongst Californian meteorologists and scientists. Southern California is unique in that we have two separate fire seasons. One occurs from October through April, usually driven by the Santa Ana winds, and the other being the warm and dry periods from… Read More »
Are you properly covered to take care of yourself, your business and your employees in the wake of an earthquake?
The lights are flickering. Your products, shelves and furniture are falling all over the floor. Photos are sliding off the walls and your employees are seeking shelter under desks and in doorways. The windows are rattling, and the ground is swaying beneath you. Are you properly covered to take care of yourself, your business and… Read More »