Was Mr. Ed Right? Wilber Needs Insurance

grapes-1611089_640A business risk update

Farms, ranches, and wineries are facing several emerging risks that if not managed might have catastrophic results.  There are many unique risks facing farm and ranch owners. Some of these could be covered under your existing commercial policy, while others may require additional coverage.

As the owner and operator of an independent farm or ranch, you’ve made a number of investments into your agribusiness, equipment, machinery, and crops. Livestock is also a big investment for farmers and ranchers alike, and like any financial asset, you’ll want to ensure a high-level of security and protection – so your animals will stay covered.

Here are some top emerging risks for the agribusiness

  • Agritourism activities include everything from bed and breakfasts, corn mazes, educational field trips, hosting weddings and events, store or wine tastings, to “pick your own” and roadside farm stands. It is important to understand your increased liability by having visitors on your property.
  • Environmental risks are increasing due to continued government oversight and control. Many agribusinesses may need to turn to nontraditional chemicals.
  • Technology, which includes drones and robotic equipment, adds considerable value to your operation. However, there are new risks of privacy and costs to insure high valued equipment.
  • Weather continues to be a concern due to continued climate shifts and changes.

At North Bay Insurance Brokers, Inc., we’re committed to keeping your business protected – so you can focus on your day-to-day operations. And with the right insurance plan, your business will be covered from top to bottom

 

North Bay Insurance Brokers Joins with Napa Valley Insurance Services

MP900316773

NAPA, CA — May 10, 2017 — Napa Valley Insurance Services (NVIS) and North Bay Insurance Brokers (NBIB) are pleased to announce they are joining forces through a formal acquisition. After serving the Sonoma Valley and surrounding areas for over 20 years, Tony Schmoll and Patricia Wallace decided it was time to pass ownership on to new stewards, close friends Pam and Mike Hogin of Napa Valley Insurance Services, LLC.

“I would like to express my deepest gratitude to our loyal clients and dedicated staff at NBIB for making these past 20 years an unforgettable ride,” said Schmoll. “I would also like to thank Pam and Mike Hogin and the whole Napa Valley Insurance Team for years of friendship, and for their dedication to our clients going forward. We are in excellent hands.”

Clients of both agencies will experience no material impact, as each business will continue to operate as usual. The North Bay Insurance Brokers Sonoma office will remain in place and will continue to operate under its current name, while the entire NBIB staff will stay with the company — including Tony, who anticipates managing the Sonoma office for a few more years and serving in an advisory role thereafter.

“We are thrilled to welcome North Bay’s clients and staff to the NVIS family,” said Managing Member Pam Hogin. “Our team looks forward to serving the community with the same level of care and reliability you have grown to expect from North Bay Insurance.”

Napa Valley Insurance Services was seeking to expand after experiencing a recent growth in Corporate, Agricultural, and High Net Worth personal clients. With both organizations sharing a similar size and philosophy, the acquisition was the ideal fit. For North Bay Insurance, being part of a now larger organization provides the business with ample opportunities to further its success in the same practice areas.

About Napa Valley Insurance Services:

Napa Valley Insurance Services is an independently owned and locally operated insurance agency in Napa, California. We help people across the state find affordable and reliable insurance products from a variety of trusted carriers. As an independent agency, we help clients find the perfect combination of coverage and price to fit their unique needs.

About North Bay Insurance:

As a locally owned and operated insurance agency in Sonoma, California, North Bay Insurance Brokers is committed to providing quality insurance products for individuals and businesses. We combine our strong insurance background and product knowledge to assist both current and future clients in managing and planning for all types of risk.

Napa Valley Insurance Services & North Bay Insurance

Napa/Sonoma, CA — napainsurance.com — northbayinsurance.com

 

Was Mr. Ed Right? Wilber Needs Insurance

horse-1006558_640 (1)A business risk update

Farms, ranches, and wineries are facing several emerging risks that if not managed might have catastrophic results.  There are many unique risks facing farm and ranch owners. Some of these could be covered under your existing commercial policy, while others may require additional coverage.

As the owner and operator of an independent farm or ranch, you’ve made a number of investments into your agribusiness, equipment, machinery, and crops. Livestock is also a big investment for farmers and ranchers alike, and like any financial asset, you’ll want to ensure a high-level of security and protection – so your animals will stay covered.

Here are some top emerging risks for the agribusiness

  • Agritourism activities include everything from bed and breakfasts, corn mazes, educational field trips, hosting weddings and events, store or wine tastings, to “pick your own” and roadside farm stands. It is important to understand your increased liability by having visitors on your property.
  • Environmental risks are increasing due to continued government oversight and control. Many agribusinesses may need to turn to nontraditional chemicals.
  • Technology, which includes drones and robotic equipment, adds considerable value to your operation. However, there are new risks of privacy and costs to insure high valued equipment.
  • Weather continues to be a concern due to continued climate shifts and changes.

At North Bay Insurance Brokers, Inc., we’re committed to keeping your business protected – so you can focus on your day-to-day operations. And with the right insurance plan, your business will be covered from top to bottom

My Renter Stole All My Stuff!

pixa free dcdVacation Home and Income Property Insurance

More and more people are using services like VRBO and Airbnb to find vacation rentals.  As a result, many people are using their homes to develop rental income.  A standard homeowner’s policy will not cover losses incurred while your home is rented out.  You may require a more specialized insurance policy.

Key Homeowner’s Insurance Concerns with Rental Property

  • Your homeowner’s insurance will not cover rental property.
  • Landlord policies generally cost about 25 percent more than a standard homeowner’s policy to pay for increased protections. source
  • You need landlord insurance when you do not occupy the same residence as your tenant. You will also need landlord insurance if you are renting out your own home temporarily, or sharing accommodations such as your basement level, with a renter.
  • You will need liability coverage in the event your renter is injured on your premises.
  • Your policy will not cover wear and tear due to increased use.
  • VRBO, Airbnb and other rental sites may require proof of insurance.

There are only a few insurance carriers willing to write an Airbnb liability insurance policy.  We have experience with insurers who handle this kind of risk. Because of the variety of options available, an insurance specialist at North Bay Insurance Brokers is available to make sure you have the right amount of coverage for your rental property at a price that meets your budget. With the benefits of a Landlords Insurance policy, you can rent to tenants with the confidence of knowing your investment is secure.

 

I have No Control Over My Life… Think Again

angry-2191104_640 (1)Many people believe that they have little or no control over their homeowner’s insurance.  Often, people think that premiums are determined by some “secret formula.”  It is true that every company has rates for their homeowner’s insurance premiums, but there are many factors that help make up your homeowner’s premiums.

Factors that help determine your homeowner’s premiums

  • Location
  • Age of home
  • Age of roof
  • The replacement cost
  • Distance to fire station

Get the best possible homeowner’s premiums

  • Install deadbolt locks.
  • Increase your deductible.
  • Some insurers offer occupational discounts for teachers, police, firefighters, government employees, etc.
  • Install a central station security system.
  • Your agent can help you evaluate the different policies and companies so you can make the choice this is right for you.
  • Ask for other discounts offered by your insurer.
  • Make sure your replacement cost is up to date.
  • Do you have replacement cost or actual cash value (ACV) coverage? We recommend replacement cost.
  • Do you need loss of use coverage? Most homeowners and renters do.

 

At North Bay Insurance Brokers, we know how hard you’ve worked to turn your house into a home. Since your home is one of the most important financial investments of your lifetime, you’ll need proper coverage in order to keep your investment protected and provide your family with the guarantee that they’ll always be safe and sound.

 

March Madness – North Bay Style!

bfvvvvA North Bay Insurance Review

March is over and we spent the while month watching 64 college basketball teams play to the final four, then to the championship game.  Congratulations to North Carolina! The entire thing reminded us of some insurance madness. We thought we would share with you our “insurance madness final four.” These can impact your business insurance and personal insurance programs.

Insurance Madness Final Four

  1. Always use an independent agent. Independent agents will search the market for the best possible insurance designed for your family or business. Independents agent do not work for an insurance company, they represent you and look out after your interests first.
  2. Never buy insurance online. When you buy insurance online you never know if you are getting the best combination of coverage, price, and service. However, you do find out when you have an uninsured claim.
  3. Always consider deductible options. A simple way to save money is to consider increasing your deductible on your auto insurance, home insurance, or even your business insurance.
  4. Many people don’t consider these coverage’s but they should
    1. Identity theft is the fastest growing crime in the United States. Every homeowner should consider identity theft coverage.
    2. A personal umbrella can offer additional protection for those who own a home or have personal assets worth protecting.
    3. Your business might be at risk if you do not have cyber liability or employment practices liability.

North Bay Insurance Brokers, Inc. is your trusted solution for homeowners insurance. We offer coverage options that are both flexible and affordable, and will work with you on an individual basis to find a policy that best suits your needs. Our team is dedicated to providing the assurance that your family and your possessions are secure.

Are We Crazy! – Is Earthquake Insurance Really Needed?

Structural DamageMany Sonoma homeowners go without earthquake insurance.  Often people mistakenly think that earthquakes are covered under their homeowner’s policy.  Other people figure the odds are low, and that nothing will happen.  Let us correct you; unless you have added earthquake coverage, it is excluded from your homeowner’s policy.  Some mortgage companies may even require earthquake coverage, depending where you are located.

North Bay Earthquake Insurance

Earthquake insurance covers damage to your home and your possessions. Most earthquake policies also cover costs incurred to minimize further damage after an earthquake, plus costs for additional living expenses.  Deductibles are generally 10-15% of the insured amount. Exterior structures such as pools, irrigation systems, driveways, and detached garages are generally not covered.

We recommend you consider earthquake coverage.  We can help you analyze the cost benefits.  Insurance is all about understanding risks, and many homeowners are at risk for earthquake losses.

As a locally owned and operated insurance agency in Sonoma, California, North Bay Insurance Brokers is committed to providing quality insurance products for individuals and businesses. We combine our strong insurance background and product knowledge to assist both current and future clients in managing and planning for all types of risk.