We have multiple carriers that we work with to find the right coverage with competitive pricing to meet all of the insurance requirements listed below.
(a) An applicant for a distributor license shall provide the Bureau with a certificate of insurance that shows the types of insurance coverage and minimum amounts that have been secured as required by this section, and documentation establishing compliance with subsection (d) of this section.
(b) A distributor licensee shall at all times carry and maintain commercial general liability insurance in the aggregate in an amount no less than $2,000,000 and in an amount no less than $1,000,000 for each loss.
(c) A distributor licensee shall maintain the insurance required in subsection (b) from an insurance company that is:
(1) A non-admitted insurer, that meets the requirements of Insurance Code section 1765.1 or 1765.2, and the insurance is placed pursuant to Insurance Code section 1763 and through a surplus line broker licensed under Insurance Code section 1765; or
(2) An insurer qualified to do business in California by the Secretary of State and authorized by the Insurance Commissioner to write the liability and property classes of insurance as defined by Insurance Code sections 102, 103, 107, 114, 108, and 120; or
(3) A registered risk retention group compliant with the California Risk Retention Act of 1991. (See California Insurance Code sections 125-140.)
(d) Admitted insurers and risk retention groups must show proof of capitalization in the amount of at least $10,000,000.
(e) A distributor licensee shall notify the Bureau in writing within 10 calendar days of a lapse in insurance.
Authority: Section 26013, Business and Professions Code. Reference: Section 26070, Business and Professions Code.
Did you know that all legal Cannabis shops need to have a bond? We specialize in all coverage, including Bonds for this industry.
An applicant shall provide proof of having obtained a surety bond of at least $5,000 payable to the State of California to ensure payment of the cost incurred for the destruction of cannabis goods necessitated by a violation of the Act or the regulations adopted thereunder. All bonds required under this regulation must be issued by a corporate surety licensed to transact surety business in the State of California.
Authority: Section 26013, Business and Professions Code. Reference: Sections 26051.5 and 26070, Business and Professions Code.
The American Disabilities Act (ADA) requires that businesses ensure products and services are accessible to disabled persons. Title III of the ADA addresses the services provided by websites and other digital devices.
The World Wide Web Consortium (W3G) has developed a Web Content Accessibility Guideline (WCAG 2.0) which is the recommended accessibility standard today. Hundreds of complaints and lawsuits are filed every year based on non-compliance with WCAG 2.0. And the numbers are expected to continue growing.
You may already be aware of these guidelines and know they are compliant. If not, you should discuss this topic with an attorney and other professionals experienced in ADA and web accessibility.
Spring and summer both bring severe weather like hurricanes, hail storms, thunderstorms, high winds, flooding, lightning and tornadoes.
Business owners should take action to prepare for severe weather before it arrives:
When storms are expected, policyholders should pay close attention to weather reports. The National Weather Service (NWS) and other agencies offer various ways to stay on top of approaching storms and weather warnings. Business owners can reference https://www.weather.gov/about/warning-dissemination for more information and resources.
The Consumer Product Safety Commission is charged with protecting the public from injury or death associated with the use of the thousands of products under the agency's jurisdiction
Honeywell has voluntarily recalled certain hardhats for their inability to provide the level of protection for which they were designed.
Commercial Rooftop HVAC Units:
Carrier recalled the Weather Expert commercial packaged rooftop HVAC units due fire hazard.
Packaged Terminal Air Conditioners/Heat Pumps (PTAC):
These PTAC units are common, but not limited to hotels, motels, and habitational operations. They were sold under various names from 2010 to January 2018. The fan motor can overheat posing a fire hazard.
Schneider Electric 2 & 3 Phase Safety Switches:
These units can stay on, even in the "OFF" position,creating a shock or electrocution hazard. Additional information about these and other product recalls can be found at https://www.cpsc.gov/Recalls.
The Consumer Product Safety Commission also offers help and guidelines so businesses can comply with federal safety regulations. Encourage your policyholders to check out https://www.cpsc.gov/Business--Manufacturing/Business-Education or https://www.cpsc.gov/Business--Manufacturing/Small-Business-Resources for valuable resources, standards and best practices.
If you own a business and have employees driving for company business, a policy should be in place that prohibits the use of cell phones, other devices, or activities that take away from the employees' main focus of driving.
According to industry studies, Driver Distraction is a major factor in crashes, with an estimated 1 in 4 crashes involving cell phone distraction-hand-held or hands-free.
If you have employees improperly using a tool which exposes them to a four times greater risk of injury, it only makes sense to establish rules and guidelines to help reduce that risk. Employers should take actions to protect their employees. Distracted Driving Policies should be a part of every Safety and Injury Prevention Program.
Visit http://www.nsc.org/learn/NSC-Initiatives/Pages/distracted-driving-awareness-month.aspx for resources, including a Safe Driving Kit
Life insurance is a simple answer to a very difficult question: How will my family manage financially when I die? It’s a subject no one really wants to think about. But if someone depends on you financially, it’s one you cannot avoid. There are many types of life insurance, but for all of them the bottom line is the same: They pay cash to your family after you die, allowing loved ones to remain financially secure. Life insurance payments can be used to cover daily living expenses, mortgage payments, outstanding loans, college tuition and other essential expenses. And, importantly, the death-benefit proceeds of a life insurance policy are almost never subject to federal income taxes. If you’ve worked hard to establish a solid financial framework for your family—investments, home equity, a savings plan, retirement accounts—life insurance is the foundation upon which it all rests. It can guard against the need for your loved ones to make drastic changes to future plans when you die. Certain types of life insurance even have a built-in cash-accumulation feature that can help you reach savings goals. Most Americans need life insurance, and many who already have it may need to update their coverage.
According to the Center for Disease Control and Prevention (CDC), January is one of the most dangerous months for Carbon Monoxide (CO) poisoning.
CO is an odorless, colorless gas. This "silent killer" is found in fumes produced by furnaces, vehicles, portable generators, stoves, lanterns, gas ranges, or burning wood in a fireplace. CO can accumulate in buildings, garages, or any enclosed or partially enclosed areas and poison anyone inside.
You can help Prevent Carbon Monoxide Exposure with these tips from the CDC:
Welcome to our new insurance agency blog!
This is our very first post. We're not quite sure what we're going to write about here, but the plan is to create helpful content for customers and prospective clients about information that is relevant to you.
We hope you'll come to view this as a top resource for keeping your family and your finances safe.
Here are a few of the topics we may be writing about: