keyboard_backspaceBack to main blog page

Scurich Insurance Services - Blog

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

Search Results

Posts tagged with investment - investment

A Networked Hiring Approach

Author TonyScurich , 10/10/2016
Your business needs an employee referral system that rewards and encourages employee referrals properly. The feature story for Inc. Magazine Database, is to discusses how social media is replacing job boards as the primary outlet for sourcing candidates. According to the Aberdeen Group, 50% of companies with high retention rates decreased their investment in job boards last year. The most popular site use by recruiters is LinkedIn. The most popular tool used by job seekers to find work is Facebook. Interestingly, JobVite stated that employee retention rates skyrocket when they’re referred by other employees. After three years, 47% of referrals were still around, compared to only 14% of job board applicants, (not sure what happened here). Interestingly, JobVite stated that employee retention rates skyrocket when they’re referred by other employees. After three years, 47% of referrals were still around, compared to only 14% of job board applicants were. As mentioned on this previously, have an employee referral system that properly rewards and encourages employee referrals.  

Saying 'I DO' To Wedding Insurance

Author TonyScurich , 7/22/2016
3

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.

Scurich 1/6 - Are you offering your employees the best benefits possible?

Author TonyScurich , 5/19/2016

Finding -- and keeping -- great employees is always the challenge of any business. While recruiting and training employees can be an expensive process, it is an investment in the growth and well-being of your company. In order to protect your investment, you need to make sure you are giving your employees the best benefits for their needs. 

Health Insurance

Whether you are required by the federal government to provide health insurance to your employees or not, you should offer them the choice. In addition, paying for a certain portion of that health insurance goes a long way toward retaining those high-quality employees you worked so hard to find and train. 

Retirement Plans

If you have a young workforce, you might not think that they are concerned about retirement. Even though young people thrive on adventure, it doesn't mean that they aren't planning for their retirement. Offering the option to pay into a retirement plan helps your employees plan for their future and makes them feel like you are invested in that with them. 

Other Benefits

While other benefits such as life insurance, disability insurance and vision and dental coverage might not be on the must-have list for all of your employees, it is still important to offer them these options. Providing a range of different benefits allows your employees to pick and choose those options that best fit their situation at that time. You will likely find that their choice of benefits changes as their life circumstances change. A 20 year old employee, for example, might not be interested in obtaining life insurance until he becomes a father years later. 


Scurich 2/6 - Is your home properly insured in case of fire?

Author TonyScurich , 5/1/2016

You already know that you need homeowners insurance to protect this huge investment that you've made. Since fire is one of the catastrophes that this type of insurance covers, you might think that you are in the clear and that you don't have to worry. There are some instances, however, during which your insurance company might not pay out as you expected. 

Replacement Cost 

While you might think that your homeowners insurance allows you to replace your home and its contents, chances are that your insurance company will pay out only the actual cost. The discrepancy between the two values could lead you to having to come up with some money out of pocket to rebuild your home. In order to make sure that your insurance pays out at the replacement value of your home and belongings, speak to your insurance agent about a policy rider that you can purchase. 

Historic Options

Homes that are historic in nature or that have customized interior work might need to be covered with special insurance coverage. A standard homeowners insurance policy will pay only to have the industry standards replaced within your home. This could result in either a reduction in the value of you home or a significant out-of-pocket expense for you to restore it to its prior state. 

Debris Removal

Clearing out the debris caused by a fire is something that is typically only partially paid for by a standard homeowners insurance policy. This is especially true if your home is deemed to be a total loss that must be demolished or if you live in a mobile home whose value is negligible. 


STUDY DIAGNOSES HEALTH OF WELLNESS PROGRAMS

Author TonyScurich , 3/30/2016

Although more than three in four businesses offer their employees wellness programs, fewer than half believe that these programs provide an effective return on investment (ROI). That's the bottom line on a recent nationwide survey by Business Insurance of more than 300 companies.

Check out these highlights from the study:

  • More than nine in ten respondents (93%) describe their programs as "extremely successful," "very successful," or "somewhat successful."
  • More than four in five (81%) measure the success of their programs primarily by employee participation rates, while more than two in three (68%) rely on feedback from employees.
  • The great majority (85% of public companies and 70% of privately held firms and nonprofits) offer employees money or other incentives linked to participation in their programs.
  • Nearly three in four (59%) see improving employee health as the main objective of their program.
  • Fewer than one in three (28%) focus on reducing health care costs.

Experts say that employers can improve their ROI (directly or indirectly) from wellness programs by shifting focus from broadly-based activities (on-site health screenings and immunizations, weight-loss and stop-smoking programs, etc.) to individual health care -- such as personal coaching, workplace safety evaluations, wellness newsletters, and classes on stress management and nutrition.

Companies can also boost their ROI by evaluating their programs at least once a year. The Business Insurance survey found that nearly one in three respondents (32%) failed to measure the participation rate or effectiveness of their programs on an annual basis.

If you'd like a comprehensive review of the benefits your employee wellness program provides, just get in touch with us.


Risk Management: A Department Of One

Author TonyScurich , 3/11/2016
2

If you're "it" when it comes to risk management for your business, there's a lot of responsibility on your shoulders. How do you determine the best place to start, given limited time and money, to keep your workers safe and keep your company in compliance? Where should you focus? How do you make sure that you stay on top of everything?

There are several important steps you can take to have a world-class safety program, even without many people on your team:

  1. Determine the managerial perspective on risk management. This is the single most important thing to do because it will set the tone for your ability to drive the risk management initiatives of your company. Do everything you can to make this attitude proactive, rather than reactive.
  2. Analyze the current state of safety in the business. An initial SWOT analysis (Strengths, Weaknesses, Opportunities, and Threats) will prove invaluable for planning risk management.
  3. Review the mission statement and overall goals of the organization to help align the safety process. The results will determine the direction to go; whether it's compliance, the creation of a safety management system, or some combination of the two. To take the program to another level, take a careful look at how you need to integrate safety into the process.
  4. Understand the OSHA standards that apply to your business - and make sure that everyone in the organization is familiar with the basics of these regulations.
  5. Evaluate your safety plan from a business perspective. Develop a budget that measures your financial return on investment.

We're always ready to help - just give us a call.


Keep Your Bond Surety In The Know

Author TonyScurich , 1/22/2016
1Although business management and performance are the major factors that will determine which contractors survive the downturn in construction, the size of the contractor also comes into play. As a rule, project owners are more likely to continue with larger developments because of their greater value, higher investment, and longer lead time. Smaller projects are easier to cancel, which makes smaller and midsize contractors (with work backlogs between $5 million and $100 million) more vulnerable to cancellation.

If you're experiencing losses on a project, your first step should be to deal with overhead, liquidity, problems, and ongoing business concern. It's also essential to communicate any problems to your insurance agent and surety company immediately! Because the surety has a strong financial interest in preventing you from default on your bond, it will leverage its relationship with the bond underwriter to help you work through these difficulties and reach a mutually acceptable solution that will keep you on the job.

However, a contractor withholding critical information about a problem situation from a surety would lead to a far different result. Concern about the contractor's deteriorating financial condition - which makes it a riskier bonding candidate - might make the surety restrict its future capacity, leading it to make the contractor either bid on only smaller projects that pose less risk to the underwriter or postpone bidding on all projects until the business can clean up its balance sheet.

If you have any questions about working with your surety, please feel free to get in touch with the Bond professionals at our agency


Best Loss Control Methods: return on safety investment

Author TonyScurich , 7/22/2015

Scurich Insurance Services, CA, Workers CompensationCreate a safety culture within your organization. Let every employee know safety is the number one employee benefit. The top executive takes the lead and mentions some safety news in every company meeting. Simply talking and promoting safety is time, it does not cost a great deal of money.

Some specifics: Drivers must use seat belts, must be sober and drug free, not use cell phones or text while driving, and not pick up unauthorized passengers. At least semi-annually, drug test every driver and check their driving records. Randomly test one quarter of the drivers every three months. Establish a threshold for tickets and accidents, and stick to that standard. These minimum safety standards cost about as much as a tank of gas in a pick-up. Supply personal safety protective equipment for employees. Although this requirement comes from OSHA regulations, it's a great investment too. One eye wash at the local doc in the box costs about as much as a hundred pairs of safety glasses. Harnesses to tie off workers at heights cost little next to broken bones and death from a fall. Hard hats are about fifteen to twenty dollars each. Closing a head wound runs about five thousand. Reflective vests or coveralls, again, cost much less than a man versus loader collision. Now, suppose you could save five percent of your workers' compensation premium for the next three years from reduced experience mod or lower premium rates. You can afford to make the investment in safety equipment. Consider an incentive program like this: quarterly bonus for no injuries and perfect prompt attendance. Perhaps pay everyone who meets those criteria an extra fifty cents per hour for the quarter. This extra pay amounts to about one hundred dollars per month. Wouldn't it be worth everyone earning it? Or, maybe one quarter the earners get a pair of Red Wing boots, a gift card to their favorite tool store, a gift card oriented towards their spouses, a flat screen television or use your imagination. Small investments in safety awareness and loss prevention do pay large dividends in reduced losses.  

Summer maintenance tips

Author TonyScurich , 6/25/2015

Homeowner's Insurance Scurich CAEnjoy longer days and warmer nights while protecting your investment.

Summertime is the best time to be outside enjoying the weather. Make sure your deck or patio is ready for the summer sun by keeping in mind the seasonal maintenance tips below.

  • Check deck or patio for possible deterioration and safety hazards such as loose boards and protruding nails.
  • Check electrical outlets for potential fire hazards such as frayed wires or loose-fitting plugs. Be sure not to overload electrical outlets, fuse boxes, extension cords or any other power service.
  • Check all window and door locks to ensure correct functioning. Make sure all locks are secure and there are no holes in any of the screens.
  • Inspect recreational equipment for proper operation and possible dangers (e.g., Are swing sets secure, and do they contain any rusty bolts?).
  • Carefully inspect your toilet. Look for the erosion of plastic floater valves, and check all pipe connections.
  • Clean or replace your furnace filter.
  • Clean the clothes dryer exhaust duct and space under the dryer. Remove all lint, dust and pieces of material.
  • Inspect washing machine hoses periodically, and replace hoses that show signs of wear or leakage.
  • Have your roof inspected by a professional once every few years to identify areas of potential leakage.

Give Your Mom Life Insurance for Mother's Day

Author TonyScurich , 5/6/2015
 

Does your mom nurture, care and love you through thick and thin? Show her how much you care by giving her a life insurance policy for Mother's Day.
Life insurance is not the first gift that comes to mind when you want to honor your mm, but it's a practical gift that won't die like a floral bouquet, and it gives her something she can really use, unlike yet another nightgown. Life insurance also gives your precious mom peace of mind since the policy funds can be used to pay for her funeral expenses and any outstanding bills. Consider this affordable investment as you decide how to honor your mom and repay her a little bit for all the investments she made in you over the years. 

How Much Will it Cost?

The cost of life insurance policies varies from person to person. You can't put a price on your mom's peace of mind, but do consider several factors that typically affect the cost of life insurance. These factors include: 

Health: A healthy adult will pay lower life insurance premiums. The same principle applies to non-smokers. Some companies require a medical exam to determine the insured health conditions, but others do not. 

Gender: Policies for women typically cost less than policies for men. That's because women tend to outlive men by five or more years, which makes them less of a risk and thus cheaper to insure.

Coverage Needs: Higher coverage amounts mean higher premiums. So if your mom is the primary income earner in her household, you'll want to purchase a life insurance policy with higher coverage. 

Age: Older premium holders will often pay more for their life insurance policy. 

Risk: People who work or engage in a high-risk or dangerous occupation or hobby will pay more for life insurance. 

Check with your insurance agent to discuss the life insurance policy options for your mom. Then choose a policy that's right for her needs. While it's an unconventional Mother's Day gift, it's one way you can honor your mother today and for years to come.

    • 1
    • 2