Colony West News | Colony West
September 24, 2020

How Your Non Profit Can Reduce State Unemployment Costs

Insurance/By Julien/0 comments Nonprofit, tribal and governmental entities are required to pay for unemployment claims in one of two ways: State Unemployment Insurance (SUI) Tax or Reimbursement Financing (self-insurance). The COVID-19 pandemic has resulted in the filing of more than 55 million SUI claims across the country. As nonprofits begin to re-open, organizations should evaluate the impact of… Read More »
Protect your business with PPP loan insurance September 16, 2020

Protect Your Business With PPP Loan Insurance

Compliance/By Julien/0 comments Exclusive PPP Loan Insurance Have you recently received a loan as part of the Paycheck Protection Program? Your business could be at risk! This exclusive product available through Colony West provides primary coverage for the Paycheck Protection Program Certification process. If your business is subject to an audit and the Small Business Administration (SBA) determines… Read More »
IIPP-update-July-1-2020 August 5, 2020

Important Update to the IIPP Code

Compliance/By Julien/0 comments A new update to the Title 8-3203 IIPP Code took effect July 1, 2020.  This new provision requires all employers to provide their employees or authorized representatives with a written copy of the company’s IIPP within 5 days at no cost to the employee upon request. In addition, employers are required to provide training to… Read More »
July 27, 2020

CalSavers: Everything You Need To Know

Human Resources/By Julien/0 comments All employers of five or more employees in the state of California are required by law to offer an employer-sponsored retirement plan 401(K) or register for CalSavers Retirement Savings Program. The deadline to register for CalSavers is fast approaching. Businesses of more than 100 employees have until September 30, 2020 to register or file their… Read More »
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 »
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… Read More »
April 20, 2020

Help cut through the noise!

Uncategorized/By carolyn/0 comments DID YOU GET YOUR PPP GRANT YET? Businesses are having mixed results in receiving funding from their Payroll Protection Program applications. Colony West has put together this quick survey, the results of which may help you understand what others are experiencing. All who complete this will receive a copy of the survey results. No business… Read More »
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… Read More »
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… Read More »
March 19, 2020

Understanding the NEW Coronavirus Laws

Human Resources/By carolyn/0 comments Breaking Everything Down for you Families First Coronavirus Response Act Just Passed by the Senate & Signed Into Law by the President   Today, in an effort to ward off economic calamity, the U.S. Senate passed its second economic relief bill this month in response to the coronavirus pandemic—the Families First Coronavirus Response Act (“Act”).… Read More »