Ideally, your earthquake insurance policy should cover the cost to replace or repair your damaged property. Consider this:
•Does the policy cover only your dwelling? Are accessory structures, such as garages, also included?
•Will your policy pay for the contents of your home and for additional living expenses if your home is destroyed or too badly damaged for you to live there before repairs are made?
•Are there any exclusions or limitations to coverage?
•What deductible must you pay before the insurance kicks in?
Earthquake insurance rates are determined differently by each insurance company and can vary widely depending on several factors. Generally, older homes cost more to insure. Wood homes get better rates than brick buildings because wood tends to withstand quake stresses better. The premiums are also based on the nature of the soil and your house’s proximity to recognized fault lines.
Areas are graded on a scale of 1 to 5 for likelihood of quakes, and this is reflected in earthquake insurance rates. Because earthquake insurance is a type of catastrophic coverage, most policies carry a high deductible — anywhere from 2 to 20 percent of the replacement cost of the structure. For instance, if the cost to rebuild your house after a quake is $100,000 and your policy has a 2 percent deductible, you would be responsible for the first $2,000.
For more info on earthquake coverage and Home Insurance, please contact us at 1-800-320-3666.
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Objects falling from above and striking people below have caused serious industrial injuries and account for a number of fatalities every year. Although the exact number of “falling object” injuries is difficult to determine, documents produced in several recent court cases suggest that the practice of “high stacking” materials and supplies poses a serious safety threat to those below.
Provide Adequate Warning – Workers or customers below depend on those working above for their safety. If you’re going to be doing work overhead, warn those in the area either verbally or with signs, ropes or barricades. For those below, it’s their responsibility to be aware of the work being done overhead and observe the warnings and barricades.
Whenever there’s a risk of falling objects at a worksite, an employer is required to provide protection for workers and visitors to the site. Hard hats and safety shoes are examples of personal protection against falling objects.
If you need to be covered for Workers Compensation, contact us today.
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Scurich Insurance Services, is giving away a Amazon Kindle with 3G & Wi-Fi!
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320 East Lake Avenue, PO Box 1170
Watsonville, CA 95077-1170
Office: 1-831-722-3541
Toll Free: 1-800-320-3666
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Ask your accountants to look for red flags that could indicate fraud. Among the methods accountants often recommend are accounting controls, built-in detection mechanisms, and reconciliation of records. Businesses increase the probability of discovery with frequent audits that include steps to uncover fraud. Make sure that accountants understand that you view the discovery of insider theft as an aspect of their duties and services as well as Risk Management. Utilize your accountants to survey either all employees or randomly chosen employees from time to time, asking whether they are aware of any misappropriation of company money, property, or resources.
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As a worker, your two most important tools are your hands. Unfortunately, those two vital tools suffer through a great deal of wear and tear. On the worksite, your hands might be exposed to harsh weather conditions, dirt, chemicals, fuels, grease, solvents, oil and other unforgiving substances. Plus, if you’re handling sharp tools and heavy equipment constantly, you’re putting your hands at risk every day on the job.
For more information on how to keep Workers Compensation claims low, contact us today!
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Scurich Insurance Services, is giving away a Amazon Kindle with 3G & Wi-Fi!
Click Here to enter to win Today!
320 East Lake Avenue, PO Box 1170
Watsonville, CA 95077-1170
Office: 1-831-722-3541
Toll Free: 1-800-320-3666
Read more
