Insurance News
When a fire, accident or theft occurs at your business: Contact your insurance agent and company right away. Any burglaries or theft should also be reported to the police immediately. Read your insurance policy so that you know what your responsibilities are to your insurance company after a loss. After a disaster, take steps to…
During the course of construction, Builders Risk policies cover buildings and other structures and personal property exposed to direct property loss. Damage can come from obvious perils such as fire wind, flood, etc. It can also come from faulty workmanship or design error. Your Builders Risk policy should include all fixtures, materials, machinery, and equipment…
Excluded Property Property excluded under builders risk policies and installation floaters vary from one insurer to another. The following properties may be excluded: trees, shrubs, grass, plants, or land values; plans, drawings, designs, blueprints, or specifications; property in storage, unless it has been specifically assigned to the job site; machinery, tools, equipment, and property of…
Whether you purchase or lease your car, you need to understand what GAP insurance is all about and how it can benefit you when you need it the most. GAP stands for “Guaranteed Auto Protection.” It’s a must when you’re leasing your car, however, if you buy a car and only make a small down payment,…
What happens if you fire someone and they turn around and sue you for discrimination? Regardless of why you let them go, you are going to have to pay for your legal defense. Imagine if one of your employees harasses another. Your company could face settlements and legal fees, all because the offense took place…
Business owners worried about discrimination or sexual harassment lawsuits will often purchase Employment Practices Liability Insurance (EPLI). However, many businesses fail to check to see if their EPLI policy covers an invasion of privacy. What do we mean by ‘invasion of privacy’? In California, a woman filed a lawsuit over the monitoring application her employer installed…
Local insurance industry pioneer, James Post, founder of Torrance based Post Insurance Services, could not have foreseen the incredible legacy he was creating when he founded the agency in 1954. Son, Dan joined his father in 1980, followed by brother John in 1985. And now, Dan’s son, Benjamin carries on James’ legacy by joining the…
George Wallace Post arrived in Torrance from York, Nebraska in 1913, one year after the new city was founded by Jared Sidney Torrance. Torrance had suggested to his old friend Post that he come out to California and help him with the establishment of a bank for the new city. Post was 65 when he…
Numerous state and federal laws provide job candidates and employees with protections from discrimination and other unfair workplace practices. The number of employee lawsuits has increased in recent years, and any size business is vulnerable to this type of risk. Small businesses can be especially vulnerable because they are less likely to retain employment attorneys…
It is unlawful to harass a person (an applicant or employee) because of that person’s sex. Harassment can include “sexual harassment” or unwelcome sexual advances, requests for sexual favors, and other verbal or physical harassment of a sexual nature. Harassment does not have to be of a sexual nature, however, and can include offensive remarks…