California Business and commercial insurance trends as I see the California Insurance Market evolve from the perspective of a independent California commercial insurance broker. Industries I have clients in include non-profits, manufacturing, commercial property owners, technology and software to name a few. I'll be discussing the trends in California Workers Compensation, Property Insurance, E&O, Errors and omissions, Directors and officers, D&O, EPLI, and other coverages
Sunday's 4.7 (or 5.0) earthquake in Southern California is yet another reminder that “the big one” could happen any time. Fortunately for all, this event was centered about 8 miles below the surface of the earth so there was little damage to buildings and structures at surface level.
Most Californians don’t take the threat of a major earthquake seriously. In fact, only 12% of California building owners, commercial and residential, have earthquake insurance. Now is a good time to evaluate earthquake insurance coverage which is excluded in the standard personal and commercial property policies and that earthquake insurance coverage can be purchased separately. The Earthquake market has experience a "hardening" as of late but you can be sure that the preium for this coverage does not even come close to the costs associated with a major quake. For a quote on your California property coverage contact us at 800-401-6764 or online with our online quote form.
