October 8th, 2010
Years ago when I built my first home, I hired a general contractor that was referred to me to get the job done. Little did I know the extent of what the build entailed; carpenters, plumbers, electricians, roofers, all sorts of different sub-contractors to do my bidding. The general contractor orchestrated the maelstrom of activity in an efficient way that I could never have handled, and if I had any issues I only had to talk to him to get my answers.
The IQ Risk team was referred into a potential client, a prestigious cardiology practice. At our initial meeting the administrator complained that he was tired of dealing with multiple insurance brokers, one for each line of coverage they had. It was evident there was plenty of work to do managing the practice; the last thing he wanted was the headache from his multiple insurance policies and brokers. Which broker was on which policy? Where was their contact information? Would they be reachable? Not something he had the time or patience for figuring out when he had a pressing question about his coverage.
As we began to discuss the ways that we were able to help him, he quickly stopped us and asked one simple question, “If I have any questions with any of my policies, I only need to make one phone call to get the answers?” To which we confidently responded with a resounding “Yes!”
After showing our new client that we were able to comprehensively and competitively cover all the insurance needs including his general liability, property, workers comp, as well as the employee benefits programs for medical, dental, vision, and life, all under one roof (and one phone call away), he thanked us profusely for making his life a lot simpler.
Posted in Commercial Insurance, Employee Benefits, News | No Comments »
February 10th, 2010
Many people find out too late they are at risk for flooding, and even worse, that their property insurance does not cover flood damage. In fact, according to the National Flood Insurance Program, flooding occurs in every state and 25% of all floods occur in low-to-moderate risk areas.
IQ Risk can offer you access to the National Flood Insurance Program, one of the largest providers of flood insurance in the country.
Flood Insurance Offers You:
- Building Coverage. Covers damage to your dwelling and items such as the furnace and water heater.
- Contents Coverage. Covers your furniture, rugs, appliances, and clothing (subject to limitations in basement areas).
- Property Protection. Pays for sandbagging and other expenses for preventing flood damage.
- Clean-Up Reimbursement. Covers costs of cleaning your home and removing debris after a flood.
Posted in Commercial Insurance, Personal Insurance | No Comments »
February 10th, 2010
Do you know the differences between the 401(k) profit sharing plan varieties? Generally Traditional, Safe Harbor, and SIMPLE 401(k) plans differ in the way employee deferrals and employer matching work together to provide to benefits to the participants. Knowing which plan is right for you and your company takes into account a number of different factors; how much do you want to defer, how much the employee wants to defer, and what proportionate levels are appropriate for each class of employee.
Posted in Commercial Insurance | No Comments »
December 22nd, 2009
The best way for employers to prepare for, and hopefully reduce, any potential employee lawsuit is to create corporate responsibility standards and programs and effectively communicate such standards and programs to employees of all levels. Every company should have written policies and procedures which include a mission statement, acceptable standards of conduct, anti-harassment/discrimination policies, a code of ethics, and a corporate compliance program.
Employers should strive to create a working environment where employees are encouraged to alert management to potential problems and participate in investigations without fear of retaliation. Ensuring consistent administration of policies and responding appropriately and promptly once a complaint is made are the best ways to prevent retaliation claims. Management should reassure the employee lodging the complaint or participating in the investigation that he or she will suffer no retaliation as a result.
Tags: anti-discrimination policies, comercial casualty insurance, Commercial Insurance, corporate compliance, employment practicies, reduce potential employee lawsuits, risk management, southern california insurance, standards of conduct
Posted in Commercial Casualty, Commercial Insurance | No Comments »
December 20th, 2009
Many employers have a difficult time understanding how their work comp ex mods have been calculated. For 2010, California will use a single split point of $7,000 for each work comp claim into primary and excess components rather than the current formula for splitting claims. It is important to note that under the new formula, primary losses effect an employer’s ex mod more than excess losses making it important for employers to do what they can to hold down the first dollar costs of each claim. Amounts saved below the $7,000 threshold will help save on the ex mod and their premium for the following three (3) years.
Tags: California workers comp, comercial casualty insurance, Commercial Insurance, risk management, southern california insurance, splitting workers comp claims, understanding workers comp, workers comp claim, workers compensation
Posted in Commercial Casualty, Commercial Insurance | No Comments »
August 19th, 2009
The business world is changing at light speed. So are the risks. That’s why being at the top in business and life is about tomorrow, not today. And why you expect your insurance advisor to anticipate change. We’ve built this risk management firm by helping businesses and individuals anticipate change, navigate risk, and insure smarter. Our longstanding reputation as an industry leader is founded on an unwavering commitment to serve our customers with integrity, professionalism and creativity in everything that we do.
IQ Risk offer the following types of Insurance Services:
Posted in Commercial Insurance, Employee Benefits, Personal Insurance | No Comments »