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 in category Business Insurance - Business Insurance

Follow The Signs To A Safer Workplace

Author TonyScurich , 10/24/2016
Workplace safety signs and tags play a key role in helping prevent accidents to workers and visitors alike. To make the most effective use of signs and tags in your facility that comply with OSHA regulation (29 CFR 1910.145), we’d recommend that you follow these guidelines:
  • Identify all hazards throughout the workplace. In addition to obvious dangers, include those that are out of the ordinary, unexpected, or not readily apparent.
  • Select or design signs and tags. Make sure they conform to OSHA requirements and are consistent in format.
  • Use proper wording. According to OSHA, "the wording of any sign should be easily read, concise, and contain sufficient information to be easily understood."
  • Position signs carefully. Signs should be placed so that they’re easy to see and read from a distance and draw maximum attention to hazards.
  • Identify safety and fire protection equipment clearly. This includes such items as eyewash stations and safety showers, as well as fire extinguishers and hoses.
  • Employ tags properly. OSHA requires that "tags shall be used as a means to prevent accidental injury or illness to employees who are exposed to hazardous or potentially hazardous conditions, equipment, or operations.”
  • Review your program whenever new hazards are introduced. If you just put up signs and tags and forget about them, your facility probably won’t be in compliance with the OSHA regulations. Check the program frequently to make sure that it’s still doing the job.
The workplace safety professionals at our agency would be happy to help you review your signage and tag policy. Give us a call at any time.

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.  

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.


EDITOR'S COLUMN: THE HR ALCHEMIST

Author TonyScurich , 8/19/2016

Don Phin

In one of my favorite new age books, The Alchemist, author Paulo Coelho discusses four obstacles to realizing the journey towards our Personal Legend:

  1. The first obstacle is resignation to failure. We're told from childhood onward that everything we want to do is impossible. In many cases, we're the ones telling ourselves this - and we believe it!
  2. The second obstacle is misunderstood love. Says Coelho, "We know what we want to do, but are afraid of hurting those around us by abandoning everything in order to pursue our dream." In a sense, we're afraid to change because the people around us might not love us as much if we do. For example, they might view us as a threat, mirror our own inadequacies, or break away from the norm or culture. Coelho encourages us to accept that love is a stimulus; that the people who truly love us want the best for us: to be worthy of the miracle of life.
  3. The third obstacle is the fear of failure. According to Coelho, "We warriors of light must be prepared to have patience in difficult times and to know that the Universe is conspiring in our favor, even though we might not understand how." In my personal experience, when we follow our passions we get what we ask for - just not when or how we expect it. There is no journey without roadblocks, setbacks, and challenges. This is what strengthens us. Our character is no different than our muscles: You use it or you lose it.
  4. Finally, there's the obstacle of self-sabotage. As Oscar Wilde said: "Each man kills the thing he loves." According to Coelho, the mere possibility of getting what we want fills our souls with guilt. We ask ourselves, "Who am I to be so fortunate when there are so many people in pain? Do I somehow think that I'm now better than other people because of my success?' The ancient Greek term was hubris. When we become too full of ourselves and our accomplishments, the end is near. That's why the journey is never about arriving, but traveling forever. Says Coelho, "I've known a lot of people who, when their personal calling was within their grasp, went on to commit a series of stupid mistakes and never reach their goal - when it was only a step away." I know many of those people too.

When you think about your career, where have these obstacles shown up? Where do you have personal doubts about your ability to accomplish your Personal Legend? Who or what is attempting to hold you back from meeting these goals - or is this a story of your own making? Are you willing to accept that the journey toward success is guaranteed to come with more suffering than for those who are willing to simply be comfortable? Finally, are you willing to find joy in your success without the need to sabotage it?

Here are some Coelho quotes from The Alchemist:

  • "If someone isn't what others want them to be, the others become angry. Everyone seems to have a clear idea of how other people should lead their lives, but none about his or her own."
  • "There is one great truth on this planet: whoever you are, or whatever it is that you do, when you really want something, it's because that desire originated in the soul of the universe. It's your mission on earth."
  • "To realize one's destiny is a person's only real obligation."
  • "The only reason why each day feels the same as the next is because people fail to recognize the good things that happen in their lives every day that the sun rises."
  • "I'm an adventurer, looking for treasure."
  • "Making a decision is only the beginning of things. When you make a decision, you're really diving into a strong current that will carry you to places you had never dreamed of when you first made the decision."
  • "When a person really desires something, all the universe conspires to help that person to realize his dream"
  • "Every search begins with good beginner's luck. Every search ends with the victors being tested severely."
  • "When you possess great treasures within you, and try to tell others about them, you are seldom believed."
  • "When something evolves, so does everything around it as well."
  • "When we strive to become better than we are, everything around us becomes better, too."
  • "The world's greatest lie is that we lose control of our own lives and must let them be controlled by fate."
  • "Be worthy of the miracle of life."

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.

Employment Practices Liability Insurance: Four Key Questions

Author TonyScurich , 6/8/2016
2

You need Employment Practices Liability insurance (EPLI) to protect you from lawsuits filed (justly or unjustly) by anyone who you employ, have employed, or even considered employing.

Before you buy this essential coverage, be sure to ask these questions:
  1. Who is insured? This should include the company as an entity, along with officers, directors, and every type of employee (full-time, part-time, temp, leased, loaned and seasonal). The importance of this becomes clear if you're ever sued for a sexist slur made by temporary receptionist to a job applicant.
  2. What claims does the policy cover? You want coverage for every eventuality: monetary damages, all types of legal proceeding from criminal to regulatory, settlements, judgments, lost pay, defense fees and punitive damages.
  3. How does the policy define "wrongful employment practices" beyond the obvious (sexual harassment and racial discrimination)? Make sure that you have coverage for violations of federal, state, local and common law on employment discrimination;, deprivation of career opportunities; defamation; retaliation, negligent job evaluation, and failure to have an acceptable written employment policy.
  4. What does the policy exclude? EPLI should include wrongful practices that might have taken place before you bought coverage - so you don't have to worry about a suit by that disgruntled vice president you fired three years ago for pilfering paperclips.
A word to the wise: use EPLI as a last line of defense. Risk management for your business should include diversity and sensitivity training. The U. S. Equal Employment Opportunity Commission offers a wealth of free training resources, guides, compliance information, and links to free training throughout the nation. As always, we stand ready to offer you our professional advice, free of charge.  

Equipment Breakdown Insurance: A 'Must Have' Coverage

Author TonyScurich , 6/6/2016

You're facing a deadline to complete work under a major contract - when a voltage spike surges through your electrical lines, burning out computers and telephone equipment. How would you pay for replacing or repairing the damaged equipment, taking the steps needed to get back in production, and replacing lost income?

In today's high-tech electronic world, more and more companies are buying Equipment Breakdown policies (formerly known as Boiler & Machinery insurance) to protect themselves against losses from a variety of mishaps that are sometimes unpredictable and often unavoidable: everything from mechanical failure or electrical short circuits to "arcing" (faulty wiring or motor burnout. The rapid growth of Internet marketing and "just in time" inventory make businesses more dependent than ever on computers - while critical data often exists only on the Internet or online databases that can't be accessed when equipment breaks down. Depending on their size and sophistication, some businesses include this coverage in their Property insurance, while other purchase it as an endorsement to the policy. A comprehensive Equipment Breakdown policy should include:
  • Reimbursement for the cost of repairing or replacing damaged equipment (Some policies also cover green construction, disposal and recycling methods)
  • Replacement of income lost from downtime ("Business Interruption" or "Service Interruption" coverage)
  • Assistance from your insurance carrier, ranging from maintenance guidelines and checklists and crisis planning templates to identifying sources for repairs, unusual parts, or replacement equipment that can be obtained quickly.
Our Business insurance experts would be happy to help you obtain a cost-effective Equipment policy that's tailored to your needs. Just give us a call.

Alternative Risk Financing: Not Just For The Big Guys

Author TonyScurich , 6/3/2016
1

Unfortunately, many small businesses ignore business continuity planning - perhaps because this seems so simple that they just don't need to do it. Here are five basic (and cost-effective) steps you need to take before disaster strikes:

  1. Define who's in charge. Because you might be unavailable after a disaster - injured, ill, on vacation, etc. - designate an order of succession to avoid confusion and unclear responsibility during the recovery process.
  2. Avoid a communication breakdown. Normal communication infrastructure might be disabled after a disaster, so make sure you have alternatives for employees, customers, clients, key suppliers, and subcontractors. At a minimum, have phone numbers (landline and cellular), and e-mail addresses. Don't rely on outdated, unreliable methods such as phone communication trees. Use a voicemail system supported by a vendor with communication equipment offsite. Don't forget to consider backup power needs.
  3. Perform data backups. Be sure to make duplicate copies of data regularly, with one copy at a location that's easy and inexpensive to access.
  4. Have a Plan B. if your facility is destroyed or access is denied by civil authorities, can you conduct certain business operations from home or a local hotel? For example, what steps can you take to replace computers and retrieve data?
  5. Make sure you have enough insurance. In a worst-case disaster scenario (major fire, windstorm, civil disorder, etc.), you might well lose your business assets and face a period of downtime - zero cash flow. Insurance can keep you afloat until you're back on your feet.

We stand ready to help design a comprehensive, cost effective program that can make your business less risky.


Opioid Abuse: Employer, Beware!

Author TonyScurich , 5/27/2016
1 Misuse of powerful prescription painkillers, whether intentional or accidental, is a rapidly growing threat to employers throughout the nation. Opioid overdoses caused more than 16,000 deaths in 2010, the latest year for which data is available; and about 12 million people use prescription painkillers for nonmedical reasons. In addition to the human tragedy, opioid addiction creates a significant financial problem for both businesses - in terms of lost productivity - and their insurance companies. Nonmedical use of prescription painkillers costs Health insurers more than $70 billion a year; while narcotics prescriptions account for one-fourth of Workers Comp prescription drug expenses (costs that ultimately come out of employers' pockets). Government plays a significant role in dealing with this problem. The federal Department of Health and Human Services regulates Opioid Treatment Programs (OTPs) through the Division of Pharmacologic Therapies. On the state level, for example, California has followed the lead of Washington State by devising treatment guidelines to curb over-prescription and abuse of opioids. These measures include limiting opioid prescriptions to six weeks after surgery or injury and using non-opioid painkillers as a preliminary pain management measure in non-acute cases. However, these regulatory or legislative efforts can only go so far. No employer can afford to ignore the issue of opioid abuse among its workers - and your Workers Compensation manager is well-positioned to intervene in these cases by implementing a risk management plan that:
  • ensures that patients are treated early and effectively;
  • monitors and manages opioid prescriptions;
  • uses predictive modeling to tag potentially severe claims;
  • requires physician peer reviews for opioid prescriptions;
  • uses drug testing and screening workers prescribed with drugs;
  • provides post-addiction help; and
  • phases workers back into their jobs
We stand ready to offer our advice at any time.

New Compensation Rating Formula Lowers Premiums For Most Businesses

Author TonyScurich , 5/25/2016
1 A revision to the formula for calculating Workers Compensation rates is saving premium dollars for companies in a large number of states since the first of this year. The change involves the experience modification ("mod"), the premium credit or debit that businesses receive for their claims experience. The mod compares your claim experience to that of other firms in your industry; if your experience is good, you'll get a premium credit if not, you'll receive a debit. What has changed is the "split point" between the primary and excess portions of a claim. This value is important because the primary portion of each claim has a far larger impact on predicting an employer's mod than does the excess portion. For the past two decades, the split point has been $5,000. However, inflation has both eroded the primary/excess split point and hurt its predictive power; the mod doesn't give enough credit to good experience and doesn't penalize poor experience enough. The change raises the split point to $10,000 in 2013, $13,500 in 2014, and an estimated $17,000 in 2015. In 26 of the 38 states that have approved the new formula, a survey of more than 75,000 businesses by the National Council on Compensation Insurance found that 62% of them will see their rates fall by 5% or less this year. Another 11% will enjoy decreases of 5% to 10%, while rates will stay unchanged for 4.5%. Fewer than one in four (22.5%) - mostly larger businesses - would see a rate increase. Our Workers Comp specialists would be happy to discuss the revised experience mod formula with you - and make sure that you enjoy the cost savings that it can provide. Feel free to get in touch with us at any time.