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…
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May 21, 2020
COVID-19 Update: California Insurers’ Refund Order Extended
Insurance/By Julien/0 comments
Order to Partially Refund Premiums for California Insurers Extended Through May 31, 2020 California Insurance Commissioner Ricardo Lara has extended the order for insurance companies to partially refund premiums to businesses and consumers in the midst of the coronavirus pandemic. The new bulletin issued on May 15 is directly addressed to all admitted and non-admitted…
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March 25, 2020
Trade Credit Insurance
Insurance/By carolyn/0 comments
YES – Insurance can help when customers don’t pay you Some Businesses ARE getting their BILLS PAID – During this worldwide pandemic event, those who purchased Trade Credit Insurance, also referred to as Receivables Insurance, are getting their invoices paid. Doesn’t matter how big you are, Trade Credit insurance protects your business from bad…
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March 20, 2020
COVID-19 and Loss of Income
Catastrophe Insurance/By carolyn/0 comments
We are, understandably, fielding many inquiries right now about whether or not this Corona virus event would qualify as a Covered Cause of Loss in order to trigger their Loss of Income coverage. Please understand that Colony West can not make a coverage determination for you on behalf of any insurance carrier. We are…
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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…
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December 4, 2019
Workers Compensation and the Impact of the Gig Economy
Human Resources/By Colony West/0 comments
In an article written earlier this year titled, “Assembly Bill 5 and How it Impacts Tech Companies Thriving off the Gig Economy,” we discussed the gig economy and the future implications it would have on businesses. Considering California Assembly Bill 5 and the new tests and classifications for determining a worker as an employee…
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December 3, 2019
How to Manage a Business Insurance Claim When Disaster Strikes
Catastrophe Insurance/By Colony West/0 comments
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…
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December 1, 2019
Building a ‘Culture of Meaning’ for Your Employees
Human Resources/By Colony West/0 comments
As an employee of any company, you’ve more than likely received similar questions from friends and family – “So where do you work?” and/or “What does your company do?” It is human nature to describe the company’s services and your specific job description, but we are willing to bet you rarely, if ever, get into…
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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…
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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…
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