It Is Raining Lawsuits in 2018

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A North Bay Business Insurance Update

We live in a society where there are more lawyers than doctors. It seems that the typical response when someone has been damaged is to hire a lawyer and threaten a lawsuit. Most businesses can’t afford to be in court to defend every action. That is why commercial insurance is so important to your business. Our agency can offer a review of your business insurance coverage and educate you on your risks and how best to protect you. These four risks are at the top of our list and should be on your as well.

Cyber Liability- Cyber liability is the risk posed by conducting business over the Internet, over other networks or using electronic storage technology. It covers third party losses from hackers, theft, and loss of information including sensitive client or individual personal information.

Directors & Officers Liability- Covers costs, damages, and defense protection to directors and officers of a company resulting from lawsuits and judgments arising out of poor management decisions, employee dismissals, shareholder grievances, and other such acts committed in good faith.

Employment Liability- Employment Liability provides protection for an employer against claims made by employees, former employees, or potential employees. It can cover discrimination (age, sex, race, disability, etc.), wrongful termination of employment, sexual harassment, and other employment-related allegations.

Professional Liability- Insurance that is designed to cover third party claims, damages and claims arising out of providing professional advice. Many firms create legal obligations arising out of a professional’s errors, negligent acts, or omissions during the course of providing services to clients.

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.

 

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If The 49ers Super Bowl Win Was The Last Time You Had Your Business Insurance Reviewed… It’s Been Too Long

bigstock-Shady-image-of-a-business-team-48625103Benefits of a North Bay Business Insurance Review

Every business in the North Bay, at some time, should have their business insurance reviewed by an independent insurance agent like us.  If it has been more than a year since your last review, now may be a good time. We review all our clients’ insurance needs on a regular basis. There are many benefits to an insurance review including:

  • Prices change and a review can determine if you are getting competitive rates on your insurance.
  • Your coverage needs may have changed and your policy should reflect these changes.
  • There may be new insurance companies to which we have access.
  • Laws and regulations are changing and may require a different kind of insurance

Why Review My Business Insurance?

We have identified a number of questions that might indicate your business insurance is out of date.

  • Have you moved?
  • Did you purchase any new equipment?
  • Are you involved in any new partnerships?
  • Have you seen an increase in your claims?
  • Do you ship products to foreign countries?
  • Has your ownership changed?
  • Do your vehicles cross state lines?
  • Has one of the owners recently become divorced?
  • Have you experienced growth?

We live in difficult financial times and making sure we save money wherever we can is very important. Having us preform an insurance review might just be what is needed to protect your assets while putting money back in your pocket.

Our professionals work diligently to understand our client’s risks, goals, culture & vision in order to develop with you a risk management program to support your mission. 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.

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.

 

What’s In Your Wallet? An Insurance Card From North Bay Insurance Brokers

North Bay Personal Insurance Update

As we begin a new year, one thing on most people’s “to do list,” is buying home insurance and auto insurance.  When it comes to personal insurance, you want to be adequately covered if you do have a claim, but you do not want to pay more than you should.  We recommend that you call us before your personal insurance policies renew, so we can shop the market and compare options for you.

  • Review your deductibles and limits – Are they adequate for your needs? Are you using your personal vehicle for Uber, deliveries, or other commercial use?  If so, your vehicle may not be covered.  Are you renting out part of your home?  Again, you may need to adjust your coverage.
  • Use an independent agent – Independent agents can access many different insurance companies and select the one that offers the best combination of coverage, service, and pricing.
  • Do not buy insurance on the internet – Call us so that we can provide you with outstanding service along with competitive pricing.
  • Maintain good credit – Regularly check your credit score, since a low score may impact your premium.
  • An umbrella, or “excess,” policy kicks in where your liability coverage for your auto and home ends, and is a necessity if you have any assets to protect. A $1 million umbrella is common, but $2 million is more realistic these days.
  • Review your auto limits – If you have limits of less than $100,000, that won’t even cover the medical bills in a serious accident.
  • Maintain a home inventory – Having an accurate account of your personal property can provide for greater recovery in the event of a loss.
  • Bundle your insurance – Combine your auto, home, and umbrella policies with one insurer to receive greater discounts.
  • Set the right deductible – A higher deductible reduces your premium, but you have to pay more out of pocket in the event of an accident.
  • Consider identity theft coverage – Identity theft is one of the fastest growing crimes in the U.S.
  • Buy from a financially strong company – Your insurance is only as good as the company who stands behind the policy. The insurance company should have an “A+” rating or higher.

As a locally owned and operated insurance agency in Sonoma, California, North Bay Insurance Brokers, Inc. 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.

Don’t Let One Too Many Drinks Put You Out Of Business

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Business Insurance And Risk Management Tips From North Bay Insurance Brokers

As we close the year out, many businesses will be hosting company parties.  Business owners, executives, and human resources personnel need to make sure to avoid some key risks to ensure their day of merriment does not turn into disaster.  While your business insurance would likely respond to most claims, we have several tips to help reduce the likelihood of litigation.  It is worth noting that employers are responsible for the conduct of their employees at all work-related events.

Holiday Party Safety Tips

  • Limit use of alcohol.  Additionally, alcoholic options can be limited to wine and beer and the company should be sure to provide plenty of nonalcoholic beverage alternatives.
  • Hire professional servers and make sure they have insurance.
  • Make sure you have food at your party.
  • Confirm that your employees understand that a holiday party is still a work-related activity and appropriate work behavior is still required.
  • No mistletoe! This holiday symbol is an invitation for employees to engage in behavior which is inappropriate for the workplace.
  • Make attending the party optional.
  • Arrange for cab rides or transportation home for guests who may need it.
  • Encourage managers to set a good example.
  • Remind employees via email about your company’s code of conduct and substance abuse policy prior to the party.
  • Review the company’s harassment policies with employees prior to the party.
  • If you have employees bring food, be sure the food is labeled by type. Some people may have food allergies.

When business owners host a holiday party and serve alcohol as part of the festivities, liquor liability can be covered by their commercial general liability (CGL) policy. However, it is always best to check with your insurance agent or broker first.Business owners should talk with their insurance agent about their liability insurance coverage and any exclusions, conditions, or limitations to their policies for this kind of risk.

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.

 

 

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.