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Scurich Insurance Services has been serving the Monterey Bay Area since 1924. Our mission is to partner with our customers and provide them superior service and value. We are a member of United Valley Insurance Services, Inc., a cluster of over 70 California Independent Insurance agencies, which produced over $530,000,000 of annual premium last year. At Scurich Insurance Services we understand your business and our community. Our customers look to us for comprehensive solutions. We have established relationships with more than 40 of the nation’s leading insurance providers, which allows us to deliver multiple, competitively-priced options and a team of experts to guide you through the process. When you need to file a claim, change a policy or process a certificate you can depend on Scurich Insurance Services to respond quickly to your request. SERVICES In order to provide value added benefits to our customers that go beyond the insurance policy Scurich Insurance Services offers the following additional services: Safety Programs – English and Spanish OSHA Compliance Safety Policies – English and Spanish Online OSHA 300 Log Safety Posters and Payroll Stuffers - English and Spanish Certificates of Insurance – If received before 3:30pm done the same day Risk Management Consulting Brokerage Services Represent most major insurance companies to better market your account. Safety tapes/DVD’s BUSINESS LINES Commercial Commercial Packages Business Auto Workers Compensation Umbrella Bonds Directors & Officers Professional Liability Employment Practices Liability Personal Auto Home Umbrella Recreational Vehicles Boatss Life & Health Individual Medical Individual Life Group Medical Group Benefits

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Posts tagged with coverage - coverage

Reclassifying Obesity Could Raise Comp Premiums

Author TonyScurich , 10/12/2016
Injured workers who gain weight due to inactivity or as a side effect of medication will probably receive higher workers comp benefits, thanks to the American Medical Association’s recent reclassification of obesity as a disease. That’s the conclusion of a recent six-year study of claims by the California Workers' Compensation Institute. According to the report, although this reclassification doesn’t have legal standing, the AMA’s positions often have a strong influence on lawmakers, regulators, and health care providers. Immediately after the decision, senators and congressmen introduced bipartisan bills requiring Medicare to cover more obesity treatment costs, including prescription drugs and intensive behavioral weight-loss counseling, which will give health care providers a financial incentive to use these remedies. Judging from the results of the California study, this means that businesses can expect to pay more for workers comp. The report found that the costs of comp claims that listed obesity as a “comorbidity,” or additional cause, were far greater than for claims without them. Medical benefits for comorbidity cases cost 81% more than for other cases, while indemnity payments averaged nearly 65% higher. More two in three claimants with obesity comorbidity received permanent disability, nearly five times the rate for the non-obese. Finally, the use of narcotic painkillers was significantly higher among overweight claimants. Obesity might even become a primary comp diagnosis for jobs such as long-haul trucking or office work that require employees to remain seated for extended periods. The bottom line: look for the management and financial changes stemming from the reclassification of obesity as a medical condition to create new challenges and incentives for health care professionals, businesses, and workers compensation insurance companies. We’ll stay on top of these changes to help make sure that your company has the coverage you need at a competitive rate.  

Avoid Sticker Shock For Your Teenage Driver

Author TonyScurich , 10/3/2016
Adding a teenager to your auto policy can raise your rate by more than 40%. The good news: you and your teen can reduce these hikes significantly in a variety of ways:
  1. Get good grades. Most insurance companies offer high school or college students with a B average or better a discount of up to 10%.
  2. Live away from home. Students at college or living at least 100 miles from their parents without a car can usually get a 5%-10% discount.
  3. Take an additional driving class. Although most insurance companies don’t give a discount for mandatory drivers’ed instruction, some companies will reduce premiums by 5% for teens who go to follow-up classes.
  4. Sign a parent-teen driving contract. Your insurer might offer up to a 5% discount if your teen agrees to follow such rules as not driving at night or with friends in the car.
  5. Raise your deductible. However, bear in mind that you’ll have to pay this deductible if your teen driver damages the car. If you repair every ding, you could spend a lot more than you'll save on premiums with a higher deductible.
  6. Reduce or drop some coverage. If you have an older car, you might not need Comprehensive or Collision insurance. Be wary of lowering Liability limits. In most cases, it makes sense to keep Personal Injury Protection (PIP) coverage, which pays medical expenses of anyone injured in an auto accident.
  7. Choose a safe vehicle. The higher the safety rating of your car, the lower your premiums – and the safer your teenager will be behind the wheel.
We’d be happy to help you minimize the sticker shock of adding a teen driver. Just give us a call.

How Well Do You Know Your Insurance?

Author TonyScurich , 9/7/2016

With so many demands on their time, many business owners find it difficult to learn enough about their insurance programs.

You've probably found yourself asking questions such as:

  1. Do I have the right coverages to protect my business from financial loss?
  2. Do I have any exposures to loss that aren't covered and should be?
  3. Exactly what am I buying?
  4. Am I getting the best value for my premium dollar?

As insurance professionals, we help you answer these questions because we:

  • Offer policies providing protection against a wide variety of risks that can threaten your business - everything from Accounts Receivable and Business Interruption through Employment Practices Liability and Glass Insurance to Theft coverage and Workers Compensation.
  • Recommend an insurance company (from among the quality carriers that we represent) that will provide quality protection.
  • Make it a point to learn how your business works so that we can pinpoint potential sources of loss.
  • Design a program that minimizes the impact of these losses (incidentally, we don't always recommend insurance).
  • Provide comprehensive protect that's tailored to your needs - and your pocketbook.
  • Work with you to make sure that your coverage stays updated as your business grows.

In short, we take over one phase of your business for you, and work with you to accomplish your first goal - protecting your profits.

To help us help you make sure that your business insurance makes business sense, please feel free to get in touch with our agency's professional at any time.

We're here to serve.


DOMA Ruling Complicates Benefits Administration

Author TonyScurich , 8/17/2016
1The Supreme Court decision (Windsor v. U.S.) legalizing more than 1,000 federal spousal benefits for same-sex couples will have a major impact on the administration of pensions and health plans for employers throughout the nation. For example, the high court's ruling overturning the benefits provisions of the Defense of Marriage Act (DOMA) means that surviving same-sex spouses under a defined-benefits retirement plan will now be entitled to receive survivor annuity payments. The decision's expanded definition of "marriage" will require companies that offer self-funded health benefits for married spouses to extend this coverage to same-sex couples. The sheer number of benefits under DOMA, together with variations among laws and regulations on the state level - especially in the 38 states that don't recognize same-sex marriage - will make implementing the Windsor decision a challenge for businesses that offer spousal benefits to their workers. To deal with this changing situation, we'd recommend that you:
    1. Have your attorney(s) review the benefits that you're providing to employees' spouses for compliance with the new requirements; ask for guidance from federal and state regulators.
    2. Implement the administration of new same-sex benefits (for example, amending your payroll procedures to update the federal income tax treatment of qualified benefits programs for spouses) as soon as possible - certainly by the end of this calendar year or the plan year.
    3. Provide complete documentation of the revisions to your plans.
    4. Before you communicate these changes to your employees, do your homework and be prepared to answer their questions.
As Employee Benefits specialists, we can help guide you through this process - just give us a call. 

Demand For Contractors Professional Liability Rises

Author TonyScurich , 8/12/2016
New approaches to building projects, as well as new techniques, are leading to increased demand for Professional Liability insurance for contractors. A few years ago, people would shake their heads at the idea of this coverage, asking how contractors could be held liable for professional risk when they don't provide professional services. However, there has been a blurring of the once-sharp lines between contractors and architects and designers, as more and more contractors are being drawn into the design process. Under the traditional "design-bid-build" method, a project would be designed, bids put out, and the project built. However, the spread of the "design-build" concept - which decreases the amount of time, and the cost, of the project involved - has meant that medium sized and large contractors often take the design responsibilities in-house, and even subcontract them to design firms. These contractors' biggest exposure is for claims filed against them for project delays and cost overruns. However, traditional General Liability insurance offers coverage only for Bodily Injury and Property Damage, and does not cover financial or economic losses. Contractors Professional Liability insurance fills this gap. Because these policies are relatively recent, only a limited number of insurance companies offer them. These companies haven't paid enough claims for underwriters to establish the underwriting history and set standard rates - which means that policies are usually negotiated on a case-by-case basis. The amount of insurance can be up to $50 million; if a contractor needs more capacity, coverage can be added through excess layers. If your firm is (or might be) taking on project design responsibilities, a comprehensive Contractors Professional Liability policy can help protect your pocketbook - and provide peace of mind. To learn more, just give us a call.

Builders Risk Insurance: A Must-Have

Author TonyScurich , 8/1/2016

Your last newsletter discussed the benefits of Building Ordinance insurance. If you're planning to build on your property or adding to an existing structure, a related policy - Builders Risk - can protect you from losses during construction, helping make sure that you finish the project.

The amount of coverage should reflect the total value of the completed structure (including the costs of material and labor, but not the value of the land). In most cases, the construction budget will be the best source for calculating this amount. The policy is usually written for a period three months, six months, or 12 months. If needed, the term can be extended once. Builders Risk covers damage to the insured structure(s) from a wide variety of causes, ranging from natural disasters (wind, lightning, hail, and lightning) through accidental events (fire, explosion, or vehicle accidents) to human activities (such as theft and vandalism). Coverage usually also includes:
  • Fire department service charges for saving or protecting property from a covered cause of loss.
  • Removal of debris from property damaged by a covered loss.
  • Losses from the backup of sewer and drains.
Most policies exclude losses from earthquake, flooding employee theft, mechanical breakdown, contract penalties, war, government action, or faulty design and workmanship. You might be able to add coverage for some of these exclusions - such as earthquakes and flooding - if the building is in an area that's prone to one or both of these natural disasters. Bear in mind that this policy does not provide Liability coverage for accidents or injuries on your property. We'd be happy to tailor a comprehensive Builders Risk product that fits your needs - and budget. Just give us a call.

Car Insurance Deal-Breakers: Non-Renewal And Cancellation

Author TonyScurich , 7/25/2016

aquaplaning-83008_1280If your Auto insurance company sees you as a deadbeat or high-risk or driver, it might cancel or non-renew your policy.

Because insurers take cancellation seriously they won't eliminate coverage for a traffic ticket or two. What's more, state regulators ban cancellations under most circumstances. However, a company can non-renew your insurance at the end of each policy period (six to 12 months) or cancel the policy during the first 30 to 60 days that it's in force. The main reason for midterm cancellation is nonpayment. State regulators set the requirements, such as a written notice of non-payment, together with a 10 to 30-day grace period to pay. Some states allow insurers to cancel coverage, usually for an activity - such as a DUI conviction that involves bodily injury or substantial damage - which indicates you're at high risk for an accident; or for misrepresenting your driving history (for example, not disclosing that your teenager was behind the wheel instead of you when an accident occurred). Some companies will backdate coverage to the cancellation date, while others will not cover you during the period when you haven't paid your premiums. If you can't bring your account up to date or the company cancels you for a reason other than non-payment, your policy probably won't be renewed - which means you'll have to look for insurance elsewhere, probably at a higher rate. Depending on the reason for cancellation, some companies might refuse to write your business. In this case, you can to turn to the state's assigned-risk pool, which offers bare bones coverage at higher rates. Your best move is to do everything possible to avoid cancellation or non-renewal. For example, if you can't afford to premium payments, consider reducing your coverage rather than take the risk or cancellation. For more information, just give us a call. We're here to help!  

Saying 'I DO' To Wedding Insurance

Author TonyScurich , 7/22/2016
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As the average cost of getting hitched keeps rising (to $27,000 in 2012), more and more couples are using Wedding Insurance to protect their investment against mishap - and help ensure peace of mind on this special day.

Wedding policies will reimburse you for losses due to:
  • Weather: The cost of rescheduling if the event has to be postponed because of rain or other bad weather.
  • Illness or injury to the bridal party. The expenses of postponing the wedding if essential people (such as the maid of honor or best man) can't be there.
  • A missing celebrant. Some of the costs if your minister, justice of the peace, rabbi, or other celebrant doesn't show up.
  • Missing vendors. Some, or all, of the expense (including rescheduling) if the caterer, florist, photographer, or other key vendor is missing in action.
  • Damage to the venue. Your losses if fire, electrical or mechanical outage, or going out of business makes the wedding or reception site unusable, forcing you to reschedule. (This coverage might not apply if the sites already carry insurance).
You can also buy coverage "riders" for a variety of other risks, ranging from a military service call-up to the bride or groom and damage to a wedding gown or tuxedo, to stolen or damaged gifts, and cancellation of your honeymoon due to illness, bad weather, or other mishap. If you're holding the ceremony in your home, you might also want Liability insurance in case a guest gets hurt or injures someone. Premiums can range from $100 to $1,000 (if you buy Liability coverage and host an open bar). We'd be happy to tailor a Wedding policy to meet your needs, and budget. Just give us a call.

Think Twice Before You Turn Down Workers Comp

Author TonyScurich , 7/6/2016
1 Most states allow company owners and executives to opt out of (or not opt in to) Workers Compensation insurance. But did you know that if you choose this option your Health insurance policy might well not pick up work-related medical claims? If you carry Health coverage through your company Group plan, you can usually arrange to be covered for work-related injuries under this policy - which then becomes "24-hour" coverage for you. However, many small business owners and managers are insured under the Health Plan of their spouse or parents - which almost always exclude work-related injuries. Let's say that you exempt yourself from Workers Compensation and have coverage under your spouse's Health insurance - and you suffer a serious injury in a work-related, at-fault auto accident. Once you have exhausted the Medical Payments coverage under the company's Commercial Auto policy, the chances are that you'll have to pick up the tab for the rest of your medical bills. You might even have to choose between limiting your treatment options or going bankrupt (unpaid medical bills are the nation's leading cause of bankruptcy). Even if you have "24-hour" insurance under your own Health policy, this coverage will not reimburse you for income lost during your convalescence. So, what's the solution? You might consider buying a Disability income policy - or decide to cover yourself under Workers Compensation, after all. As always, our agency stands ready to offer our professional advice. Just give us a call.  

Vision And Dental Care Benefit You - And Your Employees

Author TonyScurich , 6/29/2016
Voluntary Vision and Dental insurance is becoming increasingly popular among mid-sized companies as a way to bolster their employee benefits programs. Since passage of the Affordable Care Act in 2010, benefit providers have been adding Vision and Dental care, giving mid-market companies a variety of choices among competitively priced plans that can help attract and retain quality workers. "We continue to see that benefits like these are good for driving employee loyalty and job satisfaction," says Alan Hirschberg, vice president of dental and vision products for MetLife Inc. Sales of Voluntary benefits keep growing: a survey last by industry association LIMRA International, Inc. showed that Vision coverage increased 75% year-over-year in the second quarter of 2012, while Dental care rose 1%. To help curb costs, mid-sized businesses often ask employees to pick up at least 30% of premiums for these plans. Most workers are fine with this because the premiums are relatively inexpensive. In addition to supplementing Group Health insurance, Vision and Dental plans cover tests and procedures that can reduce employers' health care costs down the road. For example, eye and dental exams can be crucial in early detection and management of cardiovascular disease and diabetes. When it comes to Voluntary benefits, one size does not fit all. For instance, highly compensated employees might want a Dental plan that covers adult orthodontics, while lower-wage workers might prefer coverage for cleaning, fillings and other basic care. Companies can also offer multiple plans, allowing workers to select the premiums and coverage they prefer. We'd be happy to work with you in tailoring cost-effective, comprehensive voluntary Vision and Dental plans that can benefit your business - and your employees.