Is Your Office Holiday Party Like An Episode Of the “Office”

Group of friends cheering with glasses of champagneCompany Holiday Parties Increase Risks

Your company Holiday party was going great, and everyone was having a wonderful time.  Except one of the female employees said that a manager touched her and made un-wanted advances.  Now she is filing an employment liability claim.  This is a scenario that no one wants to happen.

Your business insurance many not cover this lawsuit unless you have employment practices liability insurance.  Call our office for a review of your commercial insurance today.

Office Holiday Party Safety

  1. Limit use of alcohol; offer two drink tickets per person.
  2. Make sure you have food at your party.
  3. During the party, monitor alcohol consumption. Quickly try to diffuse any situations or displays of inappropriate behavior.
  4. Consider having the party at a restaurant. This is a good way to transfer liability.
  5. Make the party optional.
  6. Arrange for cab rides or transportation home for guests who may need it.
  7. Prior to the party, review harassment policies with all employees as a reminder of proper behavior.
  8. Encourager managers to set a good example.
  9. Consider inviting spouses, which is a good way to reduce romantic hook-ups.
  10. Know your state laws.
  11. If you have employees bring food, be sure the food is labeled by type. Some people may have food allergies.

As long as you don’t charge for drinks, your business insurance may provide coverage (Always check with our office as each policy is different). North Bay Insurance Brokers 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 would like to return the favor by giving you the coverage you need to ensure the security of your business.

At North Bay Insurance Brokers, 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.

 

 

Advertisements

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.

 

 

 

Our Goal Is To Help You

Confused Way Of A BusinessmanA Business Insurance Update

There are many ways to select a business insurance agent. Some businesses may use the bidding method, where they call many agents and have them “bid” their business insurance. The problem with this is you really don’t know if you are getting equal products. It is almost impossible to compare products “apple to apple.”  The low bid may have limited, or no, coverage in areas in which your business needs coverage.  The best way to select insurance is to find a qualified and experienced agent who knows and understands your industry.  Then, allow that agency to go into the market on your behalf to find you the best possible price and coverage.

How to select an agent?

A qualified agent should help you identify your risks and help you understand what you should insure.  Then the agent should design a coverage plan, and go to the market to negotiate the best possible combination of business coverage, pricing, and service.  Here are a few questions for you to consider using when selecting your agent.

  • “If I had a claim, how would you help me?”
  • “How many years of experience do you have? And your staff?”
  • “When I call the agency with a question, who would I be speaking with?”
  • “May I have three references?”
  • “What ratings do the insurers have that you might use?”
  • “What systems do you have to help manage your business?”
  • “How do you define customer service?”
  • “What is your policy for returning phone calls?”
  • “How long do you usually keep a client?”
  • “What makes you skilled at what you do?”
  • “Do you have any industry awards?”
  • “Will I have to ask for my renewal to be processed?”

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.

 

 

Insurance Jeopardy… What Is, I Need Business Insurance For $500

Test Your Business Insurance IQ

We don’t expect you to be experts in business insurance, but we thought it might be fun to test you on what you do know about your business insurance. Business insurance is designed to cover unexpected losses. We can offer a wide range of business insurance options, so please call our office today.

Business Insurance Quiz (answers at the end)

  1. Your deductible is the amount you are responsible for if a covered loss occurs.

True       False

  1. Flood and earthquake coverage are always part of your business property coverage.

Ture       False

  1. Cyber Insurance is protection against losses caused by hackers from businesses dealing strictly in e-commerce, but it does not exist.

True       False

  1. Business Interruption covers your lost income no matter what kind of loss closes your business.

True       False

  1. My employees are prohibited from suing me, as this would be a workers’ compensation claim.

True       False

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.

Answers

  1. True-
  2. False- You need to add this coverage under a separate policy
  3. False- Cyber insurance can be purchase by all business
  4. False- Business interruption only applies to covered losses under the policy
  5. False- Your employees have rights under federal and state laws to sue you if they feel they have been wronged. You would need employment practices liability insurance in order to protect you and your business from employee lawsuits.

“ Your Fired” Are You in the Market for a New Insurance Broker?

A Business Insurance Update

There are many ways to select a business insurance agent. Some businesses may use the bidding method, where they call many agents and have them “bid” their business insurance. The problem with this is you really don’t know if you are getting equal products. It is almost impossible to compare products “apple to apple.”  The low bid may have limited, or no, coverage in areas in which your business needs coverage.  The best way to select insurance is to find a qualified and experienced agent who knows and understands your industry.  Then, allow that agency to go into the market on your behalf to find you the best possible price and coverage.

How to select an agent?

A qualified agent should help you identify your risks and help you understand what you should insure.  Then the agent should design a coverage plan, and go to the market to negotiate the best possible combination of coverage, pricing, and service.  Here are a few questions for you to consider using when selecting your agent.

  • “If I had a claim, how would you help me?”
  • “How many years of experience do you have? And your staff?”
  • “When I call the agency with a question, who would I be speaking with?”
  • “May I have three references?”
  • “What ratings do the insurers have that you might use?”
  • “What systems do you have to help manage your business?”
  • “How do you define customer service?”
  • “What is your policy for returning phone calls?”
  • “How long do you usually keep a client?”
  • “What makes you skilled at what you do?”
  • “Do you have any industry awards?”
  • “Will I have to ask for my renewal to be processed?”

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.

 

 

“There is Gold in Them There Policies”

person-110303_640A North Bay Business Insurance Update

Every business needs business insurance.  But business insurance policies are all different. That is why it is always better to use an independent agent who knows and understand your business and industry. The insurance needs for a restaurant are much different than the insurance needs of a manufacturer, and the coverage should reflect that.

If you own or operate a business, you may want to consider these coverages as part of your business insurance package. Our keys to coverage will assume some of the obvious coverage such as property and liability.  We also want to identify some business insurance coverage you may not have considered.

  • Sprinkler leakage insurance–If your sprinkler system leaks and causes a loss to equipment or documents, do you have coverage?
  • Business income insurance–After a covered loss, you may have a period of recovery time when you are closed. Without business income insurance your business may run out of funds.
  • Umbrella Insurance–An umbrella policy provides extra insurance protection over your commercial general and auto liability policies. It is not uncommon for a business to be sued for over $1,000,000.
  • Cyber liability–Cyber breaches are the fastest growing causes for loss for most businesses. Every business needs the protection provided by cyber insurance.
  • Employee dishonesty–This policy protects employers from workplace theft and fraud.

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.

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.

 

Fake News, Not At North Bay Insurance Brokers

fake-news-2127597_640A business insurance update

Fake news has been around for some time.  We have all been fooled by headlines and news reports that turn out to be fake. Fake news is defined as a completely made up story designed to manipulate the readers and to attract attention and advertising revenue.

William Atak, CEO of SafeOnNet, an insurer specializing in online reputational risk, said the potential for reputational harm increased significantly in recent years. Along with it, the potential for millions in lost profits.  “Fake news has always existed.  Only now, the perpetrators have the tools and knowledge to create stories at just the right moment and exploit social media and its algorithms,” he said.

Can fake news hurt your business?

Fake news has the potential to harm your businesses reputation, and even cause you to shut down.  Here is a link to an article about how fake news affects business.  Link to article

Reputation insurance

There is a solution to this growing issue, and that is reputation insurance.  There is no question that a great deal of your firms’ value is derived directly from your reputation.  This kind of insurance reimburses the company for the cost of crisis management expert fees up to a set amount, usually between $50,000 and $200,000.

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.