It Is So Simple …. Why Didn’t I think Of That?

North Bay Business Insurance Tips

There is no question that operating a North Bay business comes with certain risks. But there are also many benefits. The range of business threats is evolving rapidly but your organization can thrive and gain a competitive advantage if you know how to manage your risk. Here are a few simple ways to manage risk:

Follow insurance company loss control recommendations. These are designed to reduce the probability of a loss and to reduce the severity if a loss occurs.

Develop an employee handbook. Having a set of procedures involving roles and responsibilities will help reduce employment issues in the long term.

Evaluate your facilities. Unused equipment, obsolete security systems and lack of attention to risks on the site present significant potential for loss.  Insurance companies encourage all business owners to maintain clean and safe premises for the health and safety of employees, vendors and customers.

Make safety a priority. Having a safety program can not only reduce your costs but will improve employee productivity.

Train your staff. Employees perform better if they have an understanding of what their roles and responsibilities are. Make safety part of every job description.

Keep employees healthy. A local company, for example, has instituted a comprehensive wellness program that includes disease management for afflictions such as asthma and diabetes, as well as offering flu shots, cancer screenings, smoking-cessation sessions and a round-the-clock phone line staffed by nurses. The company found that for every dollar it invested, it saved $4.23.

If your business changes, your insurance should too.  Meet annually with us to determine whether your business has changed in significant ways that require modifying or adding coverage.

Raise your deductible. Raising the deductible on your insurance usually lowers your premiums. Even if you end up having to pay the deductible, it’s likely to be less than the amount you save.

North Bay Insurance Brokers, Inc. provides insurance coverage for employees to businesses in Sonoma, Napa, Marin, Santa Rosa, Petaluma, American Canyon, and surrounding areas.

 

Up In The Sky, It’s a Bird A Plain, No, It Is A Drone

Pixa free 454More and more North Bay individuals are purchasing and using drones for number of reasons.  Even many children play with drones.  As the price of drones decrease, more people will be buying them. But with this new technology comes considerable risk. Drones are a quickly evolving technology, and the implications and regulations for owning one may change in the near future. Current sales of drones are running about $200,000 for 2015.

Personal Liability Issues with Drones

An unmanned drone aircraft flies over your back yard while you are having a party. One of your guests decides to throw a rock at it and causes the drone to fall to the ground. The owner shows up and wants to be paid for the damage to the drone. What is your liability?

Here are a few issues that have not yet been worked out through the courts:

  1. Who owns the airspace above your home?
  2. What constitutes an invasion of personal space?
  3. What are my privacy rights?

Insurance Concern

Most homeowner’s insurance excludes liability related to an aircraft of any kind. Some policies have a provision for hobby aircraft, but not drones. Drone owners should talk to their insurance agent to see if they have coverage and, if not; consider what coverage options might be available.

At North Bay Insurance Brokers, Inc., we combine premium Auto Insurance with personalized service to give you the best coverage possible. Our insurance specialists will work with you one-on-one to find a policy that keeps you and your drivers protected at all costs – for peace-of-mind driving assurance.

Please Do Not Sue Me!

Common North Bay Insurance Claims

Did you know that the insurance industry can tell you what the most common claims are for each month? Personal insurance companies keep very accurate and detailed records of when claims occur and what kinds of claims occur in what month.

We thought it might be informative to let you know what kinds of claims occur in the fall season.

  • Rear-end collisions. These occur more in the fall due to changing weather and increased rain. If you’re following a car, leave at least four seconds of time between you and the car in front of you if going 45 mph.
  • Water damage. Damage as a result of rain or freezing pipes, occurs more often between October and December than in any of the other months.
  • Fires from candles, cooking, and fireplaces caused over 45% of the home fires in the fall months.According to gov, more than 2,500 people lose their lives in house fires each year, and another 12,600 are injured.
  • Theft from vehicles. From October through December, more cars are broken into at shopping malls, due to increased holiday shopping. Always place your packages out of sight in the trunk when going back and forth from your car to the stores.
  • Snow, ice and rain accidents. Winter weather, even in warmer parts of the country, creates increased hazards and accidents. 37% of all skidding and snow claims occur between October and December.
  • Home burglaries increase about 33% during the fall. Keep your doors locked, use motion detectors, and turn on your home alarm.
  • Accidents involving animals. The fall is prime time for deer and other animals to be moving, and often they are on the roads. Pay attention especially in the early morning and early evening.

At North Bay Insurance Brokers, Inc., we combine premium Auto Insurance with personalized service to give you the best coverage possible. Our insurance specialists will work with you one-on-one to find a policy that keeps you and your drivers protected at all costs – for peace-of-mind driving assurance.

 

Someone Is Watching You

Small Businesses Can Increase Cyber Security

If your North Bay business stores or controls any kind of personal customer information, you have a cyber liability risk. Even if you don’t store customer information electronically, you still have a risk of identity theft. The insurance industry has a key role to play in helping U.S. companies strengthen cybersecurity, a senior Treasury Department official said Thursday.

More than 40 percent of small businesses don’t have an adequate IT securitybudget, according to a November 2014 survey by the Ponemon Institute.  According to a 2014 study by the National Cyber Security Alliance, 60% of small businesses close their doors within six months of a data breach. A data or cyber breach can not only cost a business money, but also their reputation.

Top Breaches For Small Businesses

  1. Third-Party Breaches.
  2. Employee misuse of information.
  3. Socially engineered trojans- An end-user browses to a usually trusted website, which prompts him or her to run a trojan. Most of the time the website is a legitimate, innocent victim, whose website has been temporarily compromised by hackers.

Cyber Liability Prevention Tips

  • Outsource credit card handling with a reputable vendor.
  • Use more complex passwords with a combination of letters, numbers, and symbols. Here is an example (MP#09xT28S%).
  • Don’t save passwords on your computer.
  • Question your internet security at every level, including email. It may be time to encrypt all emails.
  • Use the latest security software.
  • Do not allow laptops to leave the office without proper security.
  • Train your employees on cyber security.
  • Do not use an open network.

Cyber Insurance

We can provide your firm with the right combination of pricing and coverage. Cyber risk    insurance is available at very reasonable premiums. Many of our companies offer coverage to help protect your business from loss.

North Bay Insurance Brokers, Inc. provides insurance coverage for employees to businesses in Sonoma, Napa, Marin, Santa Rosa, Petaluma, American Canyon, and surrounding areas.