Category Archives: Insurance Questions Answered

What is Products & Completed Operations on my insurance policy?

question markMost general liability policies in California come with additional coverage options and endorsements. These options usually include Products and Completed Operations.

Products and completed operations can provide coverage when liable for damage you’ve caused through “your product” or “your work.”

Let’s go over a few examples:

  • Joe owns a deck business. One of his clients was hurt when the deck Joe built collapsed as she walked across. Joe accidentally forgot to bolt the deck to the wall.
  • Martha owns a sandwich shop. One of her customers got very ill after eating a sandwich. Sandra accidentally used expired cheese.
  • Lee owns a welding business. A rod iron fence he welded fell apart and damaged his clients car. Lee forgot to reinforce his welds.

These examples show how most business types can be liable due to products or completed operations. Are you covered? Call your insurance agent today and make sure you’re protected!

Someone keyed my car! Am I covered?

Keying a carUnfortunately we live in a world where walking through the parking lot and finding a car that’s been “keyed” is not out of the ordinary. What if this happens to you? Are you covered if your car is keyed?

Auto policies come with coverage options your agent should have discussed with you, these include comprehensive and collision coverage, more commonly known as “full coverage” (although there’s no such thing as full coverage, we’ll save that for another post).

If someone keys your car you’re going to need comprehensive coverage, this coverage can provide assistance in the event that someone steals your car, breaks your window, takes your rims, etc.

Check your deductible before you file a claim: If you have a high deductible it may not be worth going through your insurance company. You may be better off having an auto detailer or paint shop buff out the mark.

Call your insurance agent and make sure you’re covered. Would you like a free quote on your California auto insurance policy? Call, email, or fill out the form to the right and we’ll take care of you right away!

What is an insurance deductible?

Understanding how your insurance deductible works is one of the many basic insurance “need to knows” for anyone who has an insurance policy.

Confused-deductibleYour insurance deductible is the amount you agree to pay in the event of a loss covered by your insurance company. For example: Let’s say your property was completely destroyed in a fire. Your insurance company is willing to cover the cost to rebuild up to your policy limits, but first you must pay your deductible.

For large apartment complexes and homeowner associations an insurance deductible is usually anywhere between 5,000 and 10,000 dollars depending on your specific circumstances.

Your deductible has a direct effect on your premium, usually the higher your deductible the lower your premium. Ultimately you want your deductible to be a price you or your association can afford in the event of a catastrophic loss.

Keep in mind that your insurance policy is not a maintenance program, small claims not only raise your premium in the years to follow but they can also get you non-renewed with your current insurance carrier.

It’s usually a better idea to take care of small losses out-of-pocket, this keeps your premium down and leaves an exemplary loss history with your current carrier. Using your insurance carrier to pay out on small losses can ultimately leave you at a financial loss.

Ultimately each loss should be carefully evaluated on a case by case basis with your current insurance carrier.

Does my business need employment practices liability? (EPLI)

harassmentBefore you can decide if you need employment practices liability insurance coverage (EPLI) you should take into account the risks you face on a daily basis.

EPLI is geared toward the business owner with employees. Although sexual harassment is one of the most popular types of coverage on an EPLI policy it also provides protection when liable for unlawful hiring/firing, unsafe working environment, and discrimination in the workplace.

Although you may never purposefully put your employees in this type of situation your employees could. If one of your employees harasses another you could end up liable. The same could apply to hiring practices, discrimination, etc.

Even if you and your employees use ethical and exemplary business practices you could still end up with the cost it takes to defend yourself against a wrongful conviction in court. The amount necessary for a lawyers defense could end up in the millions.

You’re at a high risk if you have employees, an EPLI policy is highly recommended. Get in touch today and we’ll send you multiple insurance quotes for your California EPLI policy.

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