Risk Management and Insurance Solutions

For anyone who owns a house today is the last day to sign up for the chance at a $3,000 tax-free grant to seismically retrofit your home through the California 2020 Earthquake Brace + Bolt program. It only requires that you be in one of the listed qualifying zip codes and complete a simple application. Once completed you even qualify for a 25% discount on the CEA earthquake insurance premium. For more information or to sign up go to: EarthquakeBraceBolt.com (I’m signing up at lunch today) #insurance #earthquake #discount #governmentprogram #freemoney #saftey #arroyo #homeinsurance #earthquakeinsurance

If your company uses 1099's, you absolutely need to read this. https://www.linkedin.com//still-having-conversations-1099s

If you have employees, you are at risk for an Employment Practices Liability claim. Contact me today for a free review. [email protected] or call me at 323-550-7900.

Did you know? Businesses in the US that experience a total loss such as a fire, water damage, wind, flood, earthquake, etc. are 43% likely to never resume business operations again! Among those that do, 23% will fail within the next 3 years, 6% have to significantly change their operations, and only 28% fully recover after the loss... Do know know why most fail to resume business? Its often because their insurance agent didn't structure their Business Income Insurance proper...ly. It's vitally important to have the right type of business income protection (Ie. Coinsurance - no time period limitation, Maximum Period of Indemnity, Monthly Period of Indemnity, Actual Loss Sustained, Extra Expense, and/or Rental income) as each type has its benefits and challenges. Did your agent go through your balance sheet and discuss this coverage with you? if not, you are likely not insured correctly. PM me to schedule a meeting to discuss your business insurances. I am here to make sure its right. #insurance #business #businessinsurance #insurancebrokers #riskmanagement #coverage #businessincome #propertyinsurance #insuranceguru #arroyo

Lets talk #metoo and D&O for a moment... Here are some stats: D&O lawsuit frequency over a 10-year period for... private companies was 27% vs. 33% for publicly traded companies The average private company D&O claim is nearly $700,000 The average EPL claim is greater than $70,000 There have been on average 100,000 EEOC lawsuits annually for the past 10 years Who would originate these claims? The exposures that have long faced private company directors and officers include: Shareholder lawsuits (44% likelihood over a 10-year period) Employment-related suits (38% likelihood over a 10-year period) You might be asking... Isn’t this already covered under traditional General Liability insurance plans? Many business insurance purchasers incorrectly believe a D&O or EPL risk is insured under a company’s general liability policy. Due to this misconception only 28% of private companies purchase D&O coverage and only 30% purchase EPL. If you do not have Directors and Officers Insurance or Employment Practices Liability insurance, you are leaving your company at a significant risk. Contact me today to review. [email protected] or call 323-550-7900

Are you afraid of the #metoomovement? If you are a business owner, executive, HR professional, or are responsible for running a business, listen up! #insurancebrokers #business #epli #businessowner #leadership #coaching #socialmedia #management #listenup #executive #employeeengagement #hr #riskmanagement #arroyo