Author: Ellen Lichtenstein

With fires, floods, earthquakes, and windstorms happening across the country, it’s a good time to check your coverage. The extreme climate changes we’re all experiencing might suggest an adjustment in your coverage is warranted. Are your policies ready to respond the way you would want them to? UWIB’s service team can help you find out fast.

The US is experiencing record-high temperatures and we expect many of the Western states to continue to be under excessive heat and other warnings through October. And what about the possibility of another extreme winter season?

Whether you are a current client of UWIB, or not, we would like to offer you a quick and free policy checkup and make sure you’re covered for the potential risks Mother Nature may bring you.

Considering Earthquake Insurance? We can give you an instant quote. Even if you don’t live in a traditional earthquake zone, they are becoming more common around the United States and it may be worth looking into the cost to protect your property.

Here are some additional resources to help keep disaster preparedness at the top of your mind. With everything else happening in your world right now, a little preparation can go a long way towards preventing even more disruption to your daily life and business.  

Prepare for Fire Season (PDF) 

Emergency Supply Checklist (PDF) 

QuakeSmart Toolkit (PDF) 

Click here to set up your free and easy policy checkup.

Scientists (and Bill Gates) have been warning us about the risk of a large-scale pandemic for quite some time. If you weren’t fully aware of the impact such an outbreak could have on business, you certainly are now. According to a June 2020 report by The World Bank, the world is predicted to see at least a 5.2% contraction in GDP this year.

Pandemic Insurance, once a relatively unknown idea with little demand, is now something most businesses are at least interested in learning more about.

Pandemic Insurance Coverage is Available Here

We are excited to announce our ability to offer a new coverage: Pandemic Protector.

Pandemic Protector provides “non-damage business interruption insurance” for loss of gross profit due to an epidemic and or pandemic outbreak.

The coverage design lends itself to companies of all sectors and sizes and is particularly well suited for those working in:

With a starting cost of as little as $35,000 for $1,000,000 in coverage, a customized policy can provide broad coverage with a flexible definition of the “epidemic triggers” to meet your businesses’ unique needs. Companies of almost any size can fit into the Pandemic Protector coverage model.

While this coverage excludes the current COVID-19 pandemic, it does cover future “coronavirus” outbreaks that are not SARS-CoV-2.

If you’re ready to learn more, complete the form below and we’ll be in touch with the information you need to see if Pandemic Protector is a good fit for your business. 

Complete this form to download our guide to the benefits of a Wealth Manager/Insurance Risk Advisor partnership:

A great Wealth Manager does more than just trade stocks on behalf of their clients. Your most valuable clients expect you to be proactively looking for ways to keep their assets safe. Working with a qualified Risk Advisor to make sure your clients have the right insurance products in place can do just that.

We know there are reasons Wealth Advisors hesitate to dive into insurance discussions with their customers and we’re here to help. Download our free guide to learn the top five reasons you should consider partnering with an Insurance Risk Advisor to create even more value for your clients.

Yesterday we learned that the California Legislature has plans to extend Governor Newsom’s Executive Order related to COVID-19 and worker’s comp claims.

If signed into law, COVID-19 “outbreaks” in places of employment would automatically be eligible for worker’s compensation claims. This would apply not only to frontline jobs like doctors and nurses, but to all places of employment.

Here are a few top line takeaways all CA employers need to know:

• • An “outbreak” would be defined as four or more employees testing positive for COVID-19 within a 2-week period—for workplaces of 100 employees and fewer.
• • For workplaces over 100 employees, the threshold would be 4% of the workforce within a 2-week period.
• • If a workplace is shut down by Cal/OSHA, the law will consider this an outbreak and the regulations will apply.

If this legislation is signed into law, it will impact almost every California employer and could drastically increase future worker’s comp premiums.

The law does include some provisions to protect employers who take precautions to prevent the spread of COVID-19 in the workplace, however, it does favor the employee and puts a lot of the burden of proof on employers to present evidence that an employee was not exposed to COVID-19 at work and may have had non-occupational exposure.

Click here to read about the proposed law in greater detail.

If you are concerned about how this law could impact your business, we’ve got worker’s compensation insurance experts who are happy to speak with you.