The Importance of Workers Compensation Insurance

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Workers Compensation Legal Issues

Workers compensation is a no-fault system of benefits provided by States to most workers who have    job-related injuries. If your company has employees, you are required by California law to buy workers compensation insurance. Sole proprietors with no employees are not required to carry CA workers comp insurance. Your employees should be covered for any work related injury or illness.

One question we often get asked is, what is an employee? An employee can be a full-time or part time person, working on behalf of the company. Temporary and seasonal staff can also be defined as employees. Many people seem to think that just because someone isn’t a full-time employee they don’t need to have workers’ compensation coverage. Not true. Under all these cases you are required to have workers’ compensation insurance.

The way you pay your employee does not impact whether or not they are considered an employee. You can 1099 somebody and have him or her withhold his or her own taxes and you are still required to carry workers’ compensation coverage on that person. Don’t confuse tax laws and workers’ compensation laws. These laws and statutes are completely unrelated.

California Workers Compensation Insurance

Having the right Workers Compensation plan from North Bay Insurance Brokers, Inc. can allow your business to ensure payments and cover expenses if an employee is injured from a work-related accident. Injuries can range from car accidents and back injuries to equipment malfunctions and, in some unfortunate cases, death

What Does Workers Compensation Cover?

Most if not all injuries or illnesses that are caused by, through or on the job, are covered under workers compensation laws. Typically the benefits are defined as:

  • Medical – cost of medical treatment
  • Time loss – lost wages
  • Disability/rehabilitation – total or partial disability which may require re training or rehabilitation to return to work

What about independent contractors?

An independent contractor is someone who owns their own business, so they control their own working hours. They control how they get the job done. They are the people to which you give a project, they return a completed project, and they are usually completely unsupervised by you. So, if you have someone who fits into this definition, you probably don’t need to carry workers’ compensation coverage on that person.  However, it is always a good idea to call is to help you review each situation.

North Bay Insurance Brokers, Inc. understands the value of good employees. We know that your day-to-day operations depend on their hard work, expertise, and dedication, and if you supply them with quality benefits and plans, they can work with the peace of mind assurance that they’re properly protected.

 

Protect Your Identity

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With all the recent cyber breaches we are all becoming more interested in protecting our identity. We want to provide a few tips to help you protect yourself against identity theft.

North Bay Identity Theft Insurance

Identity Theft coverage from North Bay Insurance Brokers, Inc. is a simple and affordable way to protect you and your family from this growing threat. By adding ID coverage to your current Homeowners, Condo, or Renters Insurance policy, you’ll receive invaluable tools to help cover the costs and expenses of restoring your identity

If your identity is stolen, on average you may spend over 40 hours and over $1,500 to recover and restore your information.

Some clues that your identity has been stolen:

  • Errors or charges that are not yours on credit card statements.
  • Billing statements are missing or don’t show up.
  • New accounts are opened in your name.
  • Debt collectors call about debts that are not yours.
  • Calls or mail about accounts in your minor child’s name.

Prevention tips:

  • Order a credit report annually.
  • Some credit cards now offer credit information on every statement.
  • Carefully read all statements.
  • Pay your bills online using a secure site if that service is available.
  • Check and verify all charges on credit card statements.
  • Don’t put outgoing mail, especially bill payments, in personal curbside mail boxes.
  • Keep important documents in a safe.
  • Don’t travel with all your credit cards, only take what you need.
  • Buy a shredder and use it.
  • Create passwords or PIN numbers out of a random mix of letters and numbers.
  • Limit information on social media.
  • Don’t give out your financial or personal information over the phone or Internet
  • Don’t open emails from people you don’t know.
  • Keep your computer’s operating system, browser, and security up to date.
  • Use anti-virus software, anti-spyware software, and a firewall.

Call us today for a free identity theft insurance quote. Identity theft insurance can provide valuable coverage and resources when you need the most. Having your identity stolen is frustrating enough. Having to recover and restore your credit and finances should not have to be. Talk with a specialist at North Bay Insurance Brokers, Inc. to learn how Identity Theft coverage can help save you time, money, and a whole lot of pain.

 

Personal Insurance Guide

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North Bay Auto Insurance Update

When was the last time you reviewed your personal insurance coverage? The start of fall is a great time to review your North Bay personal insurance. Most of us know that major life events can make it necessary to update our insurance coverage. But did you know that even subtle changes can have an impact on your financial needs and plans?  Call our office today, and we can help you find the right combination of coverage and price.

Personal Insurance “To Do” List

Personal Items

  • Review my insurance to make sure I have the right coverage
  • Take the time to read my insurance policies
  • Does my independent agent have all my correct information, including new phone number, address, and newly purchased property?
  • Make sure I have identity theft insurance
  • Do I have enough life insurance?
  • Do I need life insurance for my spouse?

Auto Insurance

  • Consider increasing my auto deductibles on my older vehicles
  • Check for occupational discount”

Home

  • Get a quote for earthquake insurance
  • Combine my auto and home insurance to save money
  • Complete a home inventory to ensure my property values are correct
  • Consider purchasing or increasing my umbrella coverage
  • Consider an alarm system
  • Clean my gutters
  • Have I replaced all the batteries in my smoke detectors?

Have I experienced any of these changes?

  • Bought a new car or sold a car
  • Changed your marital status
  • Bought a boat, RV or ATV
  • Change of address
  • Welcomed a new baby into the family
  • Major inheritance
  • Have a new teen driver in the family
  • New purchase of guns, jewelry or art
  • Child headed off to college
  • Child over the age of 26
  • Purchased second home
  • Plan foreign travel
  • Started a home based business
  • Retirement
  • I now drive my personal car for work

 

Please call our office today if you need to make any changes in your insurance program. When you work with North Bay Insurance Brokers, Inc., you’ll experience the exceptional service and attention to detail that you can only find with an independent insurance agency.

 

Common Mistakes Made When Purchasing Insurance

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There are a number of common mistakes some individuals and businesses make when it comes to purchasing insurance in the North Bay. Insurance is the product you buy in case the unexpected happens. Unfortunately, by the time you need it, it’s too late to make sure you have the right type and amount of insurance coverage. Make sure you don’t make the following mistakes while buying business insurance or personal insurance.

North Bay Insurance Brokers, Inc. is committed to providing quality insurance products for individuals and businesses.

Having two agents is better because they keep each other competitive

Having two agents duplicates effort and can create coverage gaps. For example, there are certain coverage’s that can be included under a liability policy and auto policy. One agent is better able to manage your entire insurance program.

The lower the premium the better- wrong

Premiums are determined by a combination of exposures and coverage. If you get a lower premium you may be missing needed coverage. For example, does the lower premium include replacement cost   coverage on buildings and equipment?

The internet is a great place to get good insurance deals

Low cost internet insurance usually allows you to select the coverage and limits you want. But in most cases you end up with a limited and inadequate program. You find this out after you have an uninsured claim.

Not having the right value for your personal property

Most people under value their personal belongings. We recommend you complete a home inventory to make sure you have the correct value on all your property. Remember, the insurance covers what it costs to replace the item not what you paid for it.

Believing The TV commercial said it was covered

All claims are subject to your individual policy terms and conditions. That is why an independent agent is important. We can provide information about what is covered and what is not.

Mexico? No problem, we are covered

If you travel to Mexico we recommend special Mexico coverage.

Buying from a national company is always better

Don’t listen to the entertaining advertising on TV. Most national agents only represent one insurance company. They can’t shop your account to determine the best combination of price and coverage. We are an independent agent; we represent many companies and search the market for the best combination of pricing and coverage.

There isn’t anything I can do to manage my insurance costs except shop low price

  • There are many things you can do to reduce your premiums, here are a few:
  • Consider increasing your deductibles.
  • Consider the vehicle model when make a purchase, some are more expensive to insure.
  • Add smoke and security alarms to your office.

Through our relationships with many A-rated national and regional insurance companies, we provide a comprehensive array of insurance products for a variety of personal and commercial clients.

When you work with North Bay Insurance Brokers, Inc., you’ll experience the exceptional service and attention to detail that you can only find with an independent insurance agency