Compliance Archives | Colony West
May 23, 2020

[SURVEY] Do You Approve of The Crisis Response?

Catastrophe Insurance/By Julien/0 comments What are your thoughts on the recent lockdown policies in Los Angeles county? We want to know the extent of the hardship your business has faced throughout this crisis and your position on how the situation has been handled by our state officials. Take our quick survey to share your stance on the current state… Read More »
January 29, 2020

OSHA is Charging Huge Fines!

Compliance/By carolyn/0 comments OSHA requires employers to physically post the form and electronically submit injury and illness data electronically. All business’ that are required to maintain OSHA logs need to post their 300A form in a prominent place at their facilities where all employees will have access to view from February 1st until April 30th. Electronic submissions must… Read More »
January 14, 2020

2020 Human Resources Symposium

Compliance/By carolyn/0 comments In Partnership with OutlookHR & Hudock Employment Law Group, Colony West is pleased to present this important update to start 2020 in compliance! Join us for an in-depth analysis of the most significant developments in labor and employment laws as well as new legislation likely to affect your business. This symposium will be a guide… Read More »
Commercial Business Insurance and the Flu December 4, 2019

Does Your Commercial Business Insurance Cover Disease Outbreaks?

Catastrophe Insurance/By Colony West/0 comments   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 »
Cyber Liability Insurance Evolution November 29, 2019

A History of Cyber Liability Insurance

Compliance/By Colony West/0 comments   In the United States, the period from 1994 – 2000 is often referred to as the ‘dot-com bubble,’ a time where the country experienced a massive amount of internet adoption. As part of this bubble, many of these dot-com companies and their investors implemented a ‘growth over profits’ mentality. This mentality not only occurred… Read More »
Cyber Insurance Flaws November 29, 2019

5 Flaws We’ve Seen In Cyber Insurance Policies

Compliance/By Colony West/0 comments When social engineering, hacking and malware (to name a few) became commonplace, the original train of thought was that businesses could manage cybersecurity risks by simply encrypting backups and implementing an internal password regime. No matter how good your cybersecurity infrastructure might be, businesses are facing enormous risks as they try to fight off numerous… Read More »
California Assembly Bill 5 - Borello Test November 27, 2019

California Assembly Bill 5 – When should you apply ABC or Borello Testing?

Compliance/By Colony West/0 comments With January 1, 2020 right around the corner, California’s Assembly Bill 5 (AB5) looms over businesses across the state. In September of this year, we posted a blog titled, “Assembly Bill 5 and How It Impacts Tech Companies Thriving off the Gig Economy” where we discussed how companies will be limited when classifying workers as independent contractors.… Read More »
2020 Insurance Predictions November 27, 2019

Five Key Factors Shaping Insurance in 2020

Compliance/By Colony West/0 comments While 2019 is ending faster than any of us anticipated, it is time to start looking towards the trends that will affect the future of many insurance companies into 2020 and beyond. Numerous factors are causing a shift in the insurance sector including new business, investment and regulatory environments, demographic shifts, new markets and changing… Read More »
Business Fire Insurance November 25, 2019

A Practical Approach to Handling a Fire at Your Business

Catastrophe Insurance/By Colony West/0 comments 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 »
August 13, 2019

With minimal information, Certificates of Insurance may not meet contractual obligations

Compliance/By Colony West/0 comments A Certificate of Insurance is intended to show proof that coverage exists While these certificates hold minimal information, they do not provide all contract terms, conditions and limitations Certificates of Insurance generate concerns because they oftentimes create false assumptions that contractual obligations are being met What is a Certificate of Insurance? Before diving into this… Read More »