There Is Never Such A Thing As A Stupid Question

question-mark-2492009_640A Commercial Insurance Update

Your business keeps you running from dawn to dusk. You have many decisions to make every day in order to keep your business profitable. Our job is to be your business insurance resource and to provide you with the best combination of coverage, price, and service.  A commercial liability policy can protect your company from actions by yourself and employees if a third party is damaged or injured.

Basic Questions for a Better understanding of Commercial Liability Insurance

What Does a Commercial Liability Policy Cover?  – This coverage is intended to cover your business and employees from injury or damage to third parties resulting from your negligence.  This might include damage to property or injury to others.  If your products or services cause a loss to a third party, a commercial liability policy will respond.

How Do I Determine What Limits I Need? – How much coverage you need depends on your industry and the size of your company.  We usually recommend at least $1,000,000 in coverage to start with.  If you are in construction or similar industries, we might recommend higher limits.

Is Commercial Liability Insurance Expensive? – Insurance premiums are based on a number of factors including revenues, industry, number of employees and other factors.  For a small business commercial liability premiums are not expensive.

What Is the Best Way to Obtain Commercial Liability Insurance?  –The best way to secure commercial liability insurance is to use an independent agent like us. We would combine your commercial liability along with commercial property coverage to get the best combination of coverage, price, and service.

North Bay Insurance Brokers provides industry-specific insurance to businesses in Sonoma, Napa, Marin, Santa Rosa, Petaluma, American Canyon, and surrounding areas.

Every industry has specific needs when it comes to insurance. Industry-specific risks make it impossible for insurance companies to lump together one insurance plan for every business. At North Bay Insurance Brokers, we understand that being unique is what makes your business successful across the board. That’s why we provide industry-specific insurance options for businesses of all types.

 

 

 

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My Last Facebook Post Cost Me $1,000,000

A Texas jury has awarded a wedding photographer more than $1 million after determining a newly married couple unhappy with her work launched a social media campaign to post falsehoods about her. The Dallas County jury found Friday that the campaign against Andrea Polito amounted to defamation. The jury unanimously found the couple acted of out malice in targeting Polito in the months after their October 2014 wedding. (AP) Read article.

Does Your North Bay Homeowner’s Insurance Cover Social Media?

Social media has changed how we communicate with family and friends. Technology has made it so that anyone can have their voice heard and their comments recorded for posterity.  Among the greatest contributors to this revolution are your teenagers…and you can be held responsible for their actions.

What Kind Of Personal Insurance Claim Can Come From A Social Media Post?

Recently, a 16-year-old student sued five classmates and their parents for online harassment. Whether or not the allegations are true, the teenagers and their parents required legal resources to defend themselves for the possible judgments against them.

What Does Homeowner’s Insurance Provide?

Most people assume their homeowner’s insurance will cover any kind of claim that comes from social media content. However, you need to have personal injury coverage as part of your homeowner’s insurance policy. If you bought your insurance online you may not have this coverage.

Personal Injury coverage is an optional endorsement on the standard homeowner’s policy that provides protection for libel, slander, defamation of character, false arrest, malicious prosecution, and wrongful eviction. This coverage is also provided by most umbrella policies.

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.

 

Cyber Thieves Can Come Right Into Your Home

Cyber Crime Means World Wide Web And Criminal

Cyber Crime Indicating World Wide Web And Unlawful Act

A North Bay Insurance Update

The holiday shopping season is upon us, and many of us are searching our favorite web pages for the best deals on the items that top this year’s wish list.  Last year, cyber Monday was the year’s single biggest day for shopping, generating over 2 billion dollars in sales.  This year, consumer experts predict an even bigger day.  However, this online activity is also a big day for cyber criminals.

Holiday Cyber Safety Tips

  • Use a credit card rather than a debit card. It is easier to resolve issues.
  • Make sure your computer has updated security software. Verify that your antivirus software is up-to-date with the latest virus definitions, and that useful features like real-time scanning are enabled.
  • Update your passwords and make sure they are strong. Do not use 1234 as your password.
  • Do not open email advertisements for sources you do not know.
  • Use only familiar websites.
  • Check you statements to make sure charges are correct.
  • Always log out of websites after your shopping is complete. Cookies can often keep you logged into accounts even after you close the browsing tab–an obvious no-no.  Get in the habit of clicking the “log out” button.
  • Try not to do your online banking on the same computer you use to shop online.
  • An extremely important online shopping safety tip is to keep your personal information protected. No retailer needs your social security number or your birthday.
  • The National Retail Federation predicts that 25 percent of adults will do online browsing with their smartphones to find gifts. If you use your smart phone to shop, make sure that you are only browsing safe, well-known sites.

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.

 

Sources – Protection one, CNET, Identity Hawk.com, and Tripwire.

 

 

 

 

Has Your Life Become The Movie “Identity Theft”

girl-1064659_1920The credit card industry is growing at an unprecedented rate.  According to a recent survey, the average American household has 2.6 credit cards. People should take note that one of the most prevalent credit card scams in society today is identity theft. In fact, $16 billion was stolen from 12.7 million U.S. consumers through identity theft in 2015. What people do not realize is that having numerous credit cards can also put them at risk for identity theft.  Fraudulent activities are very prevalent in the industry and the best targets of the culprits are those who have numerous credit cards.  Becoming a victim of identity theft can be costly, time consuming, and wreak havoc on your life.

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.

Included in a policy with Identity Theft protection are expenses associated with:

  • Attorney Fees
  • Costs of Certified Mail
  • Loan Re-Application Fees
  • Costs of Long Distance Phone Calls
  • Reimbursement for Lost Income
  • Costs of Executing Affidavits

Identity Theft Prevention Tips

Never give out any personal data or information over the phone; even if the caller says he is from the bank that issued your credit card and that the information gathering is just some sort of verification.

If you are offered a promotion requiring you to give some personal information, then, it would be better not to enter the promotion at all.

Do not carry all of your credit cards with you; take only the one or two that you will need. You will never know what will happen while you are in a public place, where identity theft could just be lurking around, waiting for its next victim.

North Bay Insurance Brokers, Inc. is committed to providing expert advice and quality insurance products that keep your future protected. From keeping your identity and confidential information secure to insuring your personal items under an umbrella policy, we have the solutions you’ve been looking for should theft, an accident or even a lawsuit ever occur.

 

Who Just Charged $500 on My Credit Card?

 

North Bay Identity Theft

The credit card industry is growing at an unprecedented rate.  According to a recent survey, the average American household has 2.6 credit cards. People should take note that one of the most prevalent credit card scams in society today is identity theft. In fact, $16 billion was stolen from 12.7 million U.S. consumers through identity theft in 2015. What people do not realize is that having numerous credit cards can also put them at risk for identity theft.  Fraudulent activities are very prevalent in the industry and the best targets of the culprits are those who have numerous credit cards.  Becoming a victim of identity theft can be costly, time consuming, and wreak havoc on your life.

North Bay Identity Theft Prevention Tips

Never give out any personal data or information over the phone; even if the caller says he is from the bank that issued your credit card and that the information gathering is just some sort of verification.

If you are offered a promotion requiring you to give some personal information, then, it would be better not to enter the promotion at all.

Do not carry all of your credit cards with you; take only the one or two that you will need. You will never know what will happen while you are in a public place, where identity theft could just be lurking around, waiting for its next victim.

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.

Included in a policy with Identity Theft protection are expenses associated with:

  • Attorney Fees
  • Costs of Certified Mail
  • Loan Re-Application Fees
  • Costs of Long Distance Phone Calls
  • Reimbursement for Lost Income
  • Costs of Executing Affidavits

At North Bay Insurance Brokers, Inc., 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

Don’t Let Your Business Insurance Get Blown With The Wind

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The risk management landscape is changing fast. It is important for business owners and managers to understand how these trends will impact their business insurance programs. Technology, consumer trends, litigation, and regulations all have increased risk.

  • The Changing workplace environment. Employers are having to manage a change in workplace demographics. The baby boomers are retiring and employers will need to figure out how to attract the next generation of workers.
  • Cyber Risk. Every business will need to consider cyber insurance. Most businesses have a greater risk of having a cyber-attack than they do of having a fire. Cyber security was big news last year. Hardly a week went by without a report of a data breach in some industry. In fact, the Identity Theft Resource Center reported a record high of 1,233 data breaches in 2014, which is a 39 percent increase from 2013’s numbers.
  • Employment Laws. Whenever there is political change you can count on new and/or updated employment laws. Employers will need to keep up to date on how these laws will impact their businesses. Every employer should consider Employment Practices Liability Insurance.
  • Connections with Customers. As we continue to increase our reliance on technology, businesses must find the best ways to stay connected with clients. Customers want real time information about the products and services you provide. The road to being connected begins with understanding that consumers want to use technology in their healthcare decisions. They want to be able to email their partners and access services and information through telecommunication devices.
  • Workers’ Compensation. All states will continue to address legislative measures that could have an impact on employers including; drug usage, independent medical exams, medical marijuana, and the misclassification of employees and contractors.

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

No matter what business you’re in, each workday is dedicated to doing your job well and providing your customers with the best service possible. North Bay Insurance Brokers, Inc. would like to return the favor by giving you the coverage you need to ensure the security of your business.

Had A Fire, No Worries…Had A Cyber Breach, Big Problem

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Cyber liability is fast becoming a common term for small to medium sized North Bay businesses. If you own a North Bay business with less than 50 employees you actually have a better chance of having a cyber-loss than you do of have a fire. Your business insurance program needs to have cyber liability coverage. Standard commercial insurance does not cover data damage, destruction or loss, and traditional business interruption insurance doesn’t cover business systems downtime.

According to a recent article by Bloomberg Law, one quarter of all the organizations in the United States have suffered a data breach in the last year.  Each breach averaged more than $1.2 million per incident. Yet, less than 35% of businesses actually purchase cyber liability insurance.

Common Cyber Liability Threats

  1. Employees stealing confidential information.
  2. Cloud attacks: The growth of the cloud will lead to attacks targeting data (personal or corporate) stored in the cloud.
  3. Cybercriminals targeting attacks on Android platform devices.
  4. Hackers using special software to hack your laptop and hard drives.

There are very strict regulations at the State and Federal level that place mandatory requirements on companies that have suffered a cyber-loss. If your firm is responsible for the theft of a client’s personal information, you may be required to buy personal identity theft coverage for them for up to one year or more. This requirement can cost you as much as $200 per individual item. Cyber insurance can protect you against many of the risks associated with a loss.

  • Identify theft recovery
  • Notification costs
  • Loss revenue
  • Data restoration
  • Third party coverage

Here are a few resources:

Vendor

Data Risk Calculator

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

No matter what business you’re in, each workday is dedicated to doing your job well and providing your customers with the best service possible. North Bay Insurance Brokers, Inc. would like to return the favor by giving you the coverage you need to ensure the security of your business.