ludwigfawcett.com Blog


Business Risks May Shut You Down

Posted in Business insurance,Uncategorized by Administrator on the June 19th, 2017

In today’s ever changing business world, every business needs quality employees to help the business meet client demand, grow revenue, and manage risk. Today’s growing businesses need to understand the importance of an effective business insurance program. Mountain View Workers’ Compensation insurance is a central part of that program.

There are at least five kinds of employees that define today’s workers.

  1. Temporary worker–Businesses are using temporary workers at an increased rate. Employers must comply with updated labor and OSHA regulations. Temporary workers face a much higher injury rate than do regular employees.
  2. Contractors–Some businesses use contractors to try to get around labor laws, workers’ compensation, and unemployment statutes. Both the State and Federal Governments are cracking down on these practices, and have established new definitions and guidelines as to how employees are defined.
  3. Fist job employees–Lack of experience and training can lead to increased injury rates among new employees.
  4. Seasonal employees–Long work hours and little to no training increases risk of injury and loss to employers.
  5. Shift workers–If your business operates three shifts you may not have the same attention to safety during the 2nd or 3rd shift. Make sure all staff receives the same training.

Ludwig & Fawcett Insurance!

We provide our customers with financial protection through quality insurance products.  We partner with multiple financially sound and reliable companies, allowing our knowledgeable and experienced staff to customize an insurance package to fit your needs. 

While we enjoy meeting our clients in person, we can also initiate coverage over the phone, by fax, or by email.

Mountain View Homeowner’s Insurance

Posted in Home insurance,Personal Insurance by Administrator on the June 11th, 2017

Mountain View Homeowner’s Insurance Update

How many of you have actually read your homeowner’s insurance policy? We guess not too many. We do recommend that you read your policy to help you understand what coverage you have. Most homeowners are familiar with the basic coverage found their homeowner’s insurance policy; including coverage for the home itself, personal property and liability associated with owning a home.

Are There Other Coverages?

There is often other coverage found in your homeowner’s insurance policy that you may not know you have. Remember, each policy is different, so these coverage examples are general in nature.  This “hidden” coverage may have specific limits and terms of which you need to be aware, but here are some examples of coverage found in most homeowner’s insurance policies.

  • Liability coverage away from your home. You have coverage if you cause injury to a third party away from your premises.
  • Damage to your neighbor’s property. If you are at a party and cause damage to your neighbor’s property, chances are it would be covered.
  • Legal expenses. Should you be sued for an accident that occurred in your home, chances are legal costs would be covered under your homeowner’s insurance policy.
  • Additional living expenses. Your policy can pay the additional costs of living away from home if you cannot live there due to damage from an insured loss. It covers hotel bills, restaurant meals and other costs, over and above your usual living expenses, incurred while your home is being rebuilt.
  • Money. Many homeowners’ policies provide a small amount of coverage for stolen money.
  • Property of your college student. If your dependent child is a full-time college student living on campus, their property is covered by your homeowner’s insurance policy

It is important to note that not all homeowner’s policies are created equal, and what one company offers may not be the same as another company. Also keep in mind, if you bought your policy online, who really knows what coverage you have?

While we enjoy meeting our clients in person, we can also initiate coverage over the phone, by fax, or by email.  We are family-owned and -operated and have been in business for over 50 years.  Our office is conveniently located on El Camino Real just north of Grant Road in Mountain View.

Summer Is the Best Time to Prevent Future Water Damage Claims

Posted in Agent,Home insurance,Personal Insurance,Umbrella Insurance by Administrator on the June 1st, 2017

Home Insurance Update

Insurance claims from water damage have soared.  45% of current home insurance claims are related to bad weather conditions. Homeowners are being warned that not only do they need to prepare their home by checking trees, gutters, drains and roofs, but also they must make sure they are in a position to cover any damages by being adequately insured.  Summer is the best time to do repairs and maintenance that can prevent water damage in the fall and winter months.

The overwhelming majority of household policies provide cover in respect to water damage; however, it is necessary to check your policy for specific limitations.  Simple steps can be taken to prepare a property for the worst that the weather can bring. Built up leaves, seeds, dirt and other debris that has run down your roof and into your gutter can lead to a blockage in the system, which in turn can lead to major problems.  The good news is that most of these blockages can be easily cleared, but it must be done often, ideally at the beginning of winter to clear leaves that have fallen during autumn and summer since high rainfall appears to be on the increase in most parts of our state.

No matter what type of gutters you have, the troughs will need clearing. It is not a particularly difficult job, but it is essential if you wish to avoid problems further down the line such as water damage and serious outbreaks of dry rot.

We provide our customers with financial protection through quality insurance products.  We partner with multiple financially sound and reliable companies, allowing our knowledgeable and experienced staff to customize an insurance package to fit your needs. 

While we enjoy meeting our clients in person, we can also initiate coverage over the phone, by fax, or by email.

 

 

 

Don’t Rent Out Your Home This Summer Without The Right Insurance

Posted in Business insurance,Home insurance,Personal Insurance by Administrator on the May 23rd, 2017

Vacation Home and Income Property Insurance

More and more people are using services like VRBO and Airbnb to find vacation rentals.  As a result, many people are using their homes to develop rental income.  A standard homeowner’s policy may not cover losses incurred while your home is rented out.  You may require a more specialized insurance policy.

Key Homeowner’s Insurance Concerns With Rental Property

  • Your homeowner’s insurance will not cover rental property.
  • Landlord policies generally cost about 25 percent more than a standard homeowner’s policy to pay for increased protections.  source
  • You need landlord insurance when you do not occupy the same residence as your tenant. You will also need landlord insurance if you are renting out your own home temporarily, or sharing accommodations such as your basement level, with a renter.
  • You will need liability coverage in the event your renter is injured on your premises.
  • Your policy will not cover wear and tear due to increased use.
  • VRBO, Airbnb and other rental sites may require proof of insurance.

There are only a few insurance carriers willing to write an Airbnb liability insurance policy.  We have experience with insurers who handle this kind of risk. While we enjoy meeting our clients in person, we can also initiate coverage over the phone, by fax, or by email.  We are family-owned and -operated and have been in business for over 50 years.  Our office is conveniently located on El Camino Real just north of Grant Road in Mountain View.

 

 

Keep Your Mt View Home Safe While on Vacation

Posted in Home insurance,Personal Insurance by Administrator on the May 22nd, 2017

Summer 2016 Vacation Safety

Your family is on vacation having a great time, when you get a call from the police department telling you your home has been burglarized, and your identity may have been compromised.  Chances are your homeowner’s insurance will cover you, but a little prevention might have prevented the loss.  There are things that you can do to deter or prevent a break-in while you are on vacation.  The basic idea is to do everything you can to make it look like there are still people and signs of activity in the home.

Home Burglary facts (Source FBI, Harris Interactive Polls)

  • 23% of burglars get in through the back door.
  • Homes with security systems have a 30% less chance of being targets.
  • A majority of convicted burglars say they avoid homes with alarm systems.
  • 20% of homeowners say they leave their doors unlocked.
  • Burglars will use social media to select targets.
  • The average cost to replace stolen items is $4,200.

Follow These Homeowner’s Tips before You Go on Vacation

  • Set electric timers for interior and exterior lights.
  • Stop all mail.
  • Do not leave any spare keys hidden outside the house.
  • Tell your neighbors that you are leaving.
  • Almost no one remembers to turn down the temperature on the water heater.  This can be an excellent way to save electricity as well.
  • Do not take all your credits cards on vacation, only take the one or two you may need.
  • Don’t post vacation pictures on social media sites until your return home.
  • Complete a home inventory and keep it in a safe place.

It is important to note that not all homeowner’s policies are created equal, and what one company offers may not be the same as another company. Also keep in mind, if you bought your policy online, who really knows what coverage you have?

While we enjoy meeting our clients in person, we can also initiate coverage over the phone, by fax, or by email.  We are family-owned and -operated and have been in business for over 50 years.  Our office is conveniently located on El Camino Real just north of Grant Road in Mountain View.

 

A Few Simple Ways to Prepare Now For a Disaster

Posted in Home insurance,Personal Insurance by Administrator on the May 12th, 2017

A personal insurance update

Do not let the change in weather fool you; we are still at risk for acts of Mother Nature.  In the coming months, we may be at risk of wind damage, wild fires, floods, and more.  Remember, your homeowner’s insurance may not cover every disaster, so please call our office for a free insurance review.

How to prepare for an emergency

  • Create a home inventory. This will help you to recover your personal property.
  • Is your policy’s replacement cost limit correct?  It is a good idea to have us, or your insurance company, help you determine the current replacement cost of your home.
  • Create an emergency food supply; enough to last a week or so.
  • Have a three to five-day supply of water, 1-2 gallons of water per person, per day.
  • Keep extra cash on hand in case banks are closed.
  • Have a few high-powered flashlights ready.
  • Keep extra batteries on hand.
  • Have a communications plan. Consider that your family may not be together if a disaster strikes.
  • Designate a contact person, outside the area, as a check in person for family members.
  •  Stock a first aid kit, a supply of essential medicines for at least a week, and other crucial medical supplies like inhalers.
  • Make sure you have copies of your family’s identification, birth certificates, passports, insurance policies, proof of address or lease, medication list and medical information, copies of credit cards, checks, etc.

Ludwig & Fawcett Insurance

We provide our customers with financial protection through quality insurance products.  We partner with multiple financially sound and reliable companies, allowing our knowledgeable and experienced staff to customize an insurance package to fit your needs. 

While we enjoy meeting our clients in person, we can also initiate coverage over the phone, by fax, or by email.

 

Make Cyber Risk Prevention From Ludwig & Fawcett Insurance

Posted in Business insurance,Home insurance,Personal Insurance by Administrator on the April 18th, 2017

Mountain View Business Insurance

Every business owner has read about cyber breaches and how these impact every business. We want to focus on how to prevent your confidential business information from being compromised in the first place. Cyber breaches come in a variety of forms, so we will focus on the most popular breaches; Insider breaches, payment and credit card skimmers, and direct cyber-attacks. With most of today’s critical information stored on computer systems, cyber-attacks can cost firms time, money, and data, but also their reputations.

Prevention Tips

  • Provide Training to all employees. Helping your employees understand how cyber breaches occur, will go a long way in prevention.
  • Keep your operating system, browser, anti-virus, and other critical software up to date.
  • If at all possible utilize a third party company to serve as your IT department, unless you are large enough to have full time professionals.
  • Activate your firewall. Firewalls are the first line of cyber defense; they block connections to unknown or bogus sites and will keep out some types of viruses and hackers.
  • Secure all passwords and do not share them with anyone.
  • Use only secure wireless networks.
  • Develop a secure way to allow laptops off the premises. Never keep client information on laptops if used off site.
  • Install the latest operating system updates. Keep your applications and operating system (e.g. Windows, Mac, Linux) current with the latest system updates.
  • Verify the authenticity of requests from companies or individuals by contacting them directly.
  • When an employee leaves the company or is terminated, turn off the access to their computer. If there is personal information on their computer, have your IT person manage the process.
  • Be aware of pushing scams. This involves a hacker using an email or website to install malicious software onto your computer. These web entities are designed to look like a normal email or website, which is how hackers convince their victims to hand over personal information.
  • Never open an email from someone you don’t recognize, even if it identifies you by name.
  • Make sure a website is secure before you enter personal information.
  • Do not give out any information over the phone or in an email unless you are completely sure it is authentic. Social engineering is a process of deceiving individuals into providing personal information to seemingly trusted agents who turn out to be malicious actors.
  • Carefully read the permission release before installing apps.
  • You may want to consider encryption programs for sending confidential information.

Ludwig & Fawcett Insurance!

We provide our customers with financial protection through quality insurance products.  We partner with multiple financially sound and reliable companies, allowing our knowledgeable and experienced staff to customize an insurance package to fit your needs. 

While we enjoy meeting our clients in person, we can also initiate coverage over the phone, by fax, or by email.

Five Gaps in Coverage for Many Small Businesses

Posted in Agent,Business insurance,Umbrella Insurance by Administrator on the April 9th, 2017

According to the latest surveys by major insurers, small to medium sized businesses have a number of critical gaps in their insurance coverage. The reasons for gaps vary; not fully understanding how certain coverage applies to their business, buying insurance from a captive agent who can’t provide the coverage, thinking their commercial coverage provides the coverage, and finally believing they don’t have the risk.

Here are the coverage’s you should consider to make sure you are adequately protected.

Pollution Liability- Protects against the liability that comes with polluting the environment including restoration and cleanup, liability for injuries and deaths caused by pollution.

Cyber Liability- Cyber liability is the risk posed by conducting business over the Internet, over other networks or using electronic storage technology. It covers third party losses from hackers, theft, and loss of information including sensitive client or individual personal information.

Directors & Officers Liability- Covers costs, damages, and defense protection to directors and officers of a company resulting from law suits and judgments arising out of poor management decisions, employee dismissals, shareholder grievances, and other such acts committed in good faith.

Employment Liability- Employment Liability provides protection for an employer against claims made by employees, former employees, or potential employees. It can cover discrimination (age, sex, race, disability, etc.), wrongful termination of employment, sexual harassment, and other employment-related allegations.

Professional Liability- Insurance that is designed to cover third party claims, damages and claims arising out of providing professional advice.  Many firms create legal obligations arising out of a professional’s errors, negligent acts, or omissions during the course of providing services to clients.

We are ready to help you better understand your risks. Please call our office today.

Ludwig & Fawcett Insurance!

We provide our customers with financial protection through quality insurance products.  We partner with multiple financially sound and reliable companies, allowing our knowledgeable and experienced staff to customize an insurance package to fit your needs. 

While we enjoy meeting our clients in person, we can also initiate coverage over the phone, by fax, or by email.

 

Now That Is One Sweet RV!

Posted in Auto Insurance,Personal Insurance by Administrator on the March 21st, 2017

A Mountain View Personal Insurance Update

As a Recreational Vehicle owner, you love to enjoy your “home away from home.”  You spend many hours cleaning and updating your RV in order to make sure your travel plans go well.  Regardless of whether you are relaxing at the lake or traveling through the Rocky Mountains, you need to take the proper steps to protect what you have worked so hard to enjoy.  RV insurance can protect your asset while giving you peace of mind knowing that if an accident does occur, you are protected.

RV Insurance Premiums

RV insurance rates do differ from company to company. It is important to have us shop your insurance to make sure you get the best insurance possible. There is no such thing as a one-size-fits-all insurance policy.  Some insurers offer better rates for trucks, RV’s, and campers, while others can offer better rates for expensive motorhomes.  We can cover class A, B, and C vehicles.

RV Insurance Coverage

  • Liability
  • Comprehensive and Collision
  • 24 hour roadside assistance
  • Uninsured/underinsured motorist coverage
  • Emergency expense money
  • Coverage for contents
  • Towing coverage
  • Medical payments coverage

Your standard personal auto insurance will not cover your recreational vehicle.  It is better to have coverage specifically designed to the needs and risks associated with your particular RV or travel trailer. While we enjoy meeting our clients in person, we can also initiate coverage over the phone, by fax, or by email.  We are family-owned and -operated and have been in business for over 50 years.  Our office is conveniently located on El Camino Real just north of Grant Road in Mountain View.

 

Five Gaps in Coverage for Many Small Businesses

Posted in Business insurance by Administrator on the March 12th, 2017

According to the latest surveys by major insurers, small to medium sized businesses have a number of critical gaps in their insurance coverage. The reasons for gaps vary; not fully understanding how certain coverage applies to their business, buying insurance from a captive agent who can’t provide the coverage, thinking their commercial coverage provides the coverage, and finally believing they don’t have the risk.

Here are the coverage’s you should consider to make sure you are adequately protected.

Pollution Liability- Protects against the liability that comes with polluting the environment including restoration and cleanup, liability for injuries and deaths caused by pollution.

Cyber Liability- Cyber liability is the risk posed by conducting business over the Internet, over other networks or using electronic storage technology. It covers third party losses from hackers, theft, and loss of information including sensitive client or individual personal information.

Directors & Officers Liability- Covers costs, damages, and defense protection to directors and officers of a company resulting from law suits and judgments arising out of poor management decisions, employee dismissals, shareholder grievances, and other such acts committed in good faith.

Employment Liability- Employment Liability provides protection for an employer against claims made by employees, former employees, or potential employees. It can cover discrimination (age, sex, race, disability, etc.), wrongful termination of employment, sexual harassment, and other employment-related allegations.

Professional Liability- Insurance that is designed to cover third party claims, damages and claims arising out of providing professional advice.  Many firms create legal obligations arising out of a professional’s errors, negligent acts, or omissions during the course of providing services to clients.

We are ready to help you better understand your risks. Please call our office today.

Ludwig & Fawcett Insurance!

We provide our customers with financial protection through quality insurance products.  We partner with multiple financially sound and reliable companies, allowing our knowledgeable and experienced staff to customize an insurance package to fit your needs. 

While we enjoy meeting our clients in person, we can also initiate coverage over the phone, by fax, or by email.

 

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