EARTHQUAKE!!! Top 10 Misconceptions About Placing California Earthquake Insurance Coverage

Top 10 Misconceptions About Placing California Earthquake Insurance Coverage One of the biggest misconceptions regarding California Earthquake coverage is the widely held view that it is a straightforward and elective coverage. With the lowest frequency in the CAT space, this peril is the least tested and, as a result, often misunderstood. While frequency is minimal,…

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Cyber Attacks / Prevention Tactics

Cyber Attacks and Prevention Tactics: Worldwide cyber security spending will reach $133.7 billion by 2022 according to a Gartner Inc. prediction. Cyber attacks are growing increasingly sophisticated forcing organizations to invest heavily in developing strategies for preventing data breaches.  Cyber Crime Statistics: Spending, Costs and Causes. Half of large enterprises (over 10,000 employees ) spend…

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Cyber Security Insurance

Do you need cyber security insurance? Cyber security is not mandatory, but it can protect your business especially if your business collects, stores or handles confidential data, such as customer payment, credit, medical, identification or bank account information.  It is important that you take proactive measures to ensure proper security policies are in place and…

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Umbrella Liability Insurance

Umbrella Liability Insurance  The following factors can increase the cost of umbrella liability insurance: Your business is open to the public and experiences lots of foot traffic, which increases the chance of a claim on your general liability policy.  You regularly handle customer property, which places you at risk of a property damage lawsuit. You…

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Commercial Truck Insurance

How Does Commercial Truck Insurance Work?   Similar to other forms of auto coverage, commercial truck insurance protects others in the form of bodily injury and property damage liability coverage if a truck driver is found responsible for an accident.  Commercial truck insurance can also offer other coverages, such as comprehensive and collision protection, cargo…

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Home Insurance

  3 Ways to insure the structure of your home: Understand the difference Replacement Cost:  Insurance that pays the policyholder the cost of replacing damaged property without deduction for depreciation, but limited to a maximum dollar amount. Extended Replacement Cost:  An extended replacement cost policy, one that covers costs up to a certain percentage over…

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Earthquake Insurance

Earthquake Insurance Earthquake insurance covers some of the losses and damage that earthquakes can cause to your home, belongings, and other buildings on your property.  If you have a mortgage, you must have homeowners insurance. But you don’t have to buy earthquake insurance. Your homeowners insurance doesn’t cover earthquake damage (except fire).  The (3) parts…

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7 Types of Cyber Security Threats

7 types of Cyber Security Threats   Malware • Block access (ransomware) • Install harmful software • covertly obtain information (spyware) • making the system inoperable    Emotet  • continues to be the most costly and destructive malware    Denial of Service (DoS) is a type of cyber attack that makes a computer or network…

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Workers Comp

How Is Workers Compensation Insurance Purchased? Employers must purchase workers’ compensation insurance from PM Insurance Services. Employers may also have the option to self-insure for workers’ compensation. PM Insurance Services can assist a business with purchasing workers’ compensation insurance from a licensed insurance company and can provide information regarding State Fund and self-insurance. State Fund…

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Cannabis Risks

PM Insurance Services and IES offers coverage for Cannabis Risks PM Insurance Services in conjunction with Indemnity Excess & Surplus Agency is excited to announce we are quoting a wide array of Cannabis-related risks. Our target cannabis appetite is for hard-to-place and distressed accounts including Allied Health and Health Care, Casualty, Commercial Property, Life Sciences,…

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