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Things To Consider For 2018

The risk management landscape is changing fast. It is important for business owners and managers to understand how these trends will impact their commercial insurance programs. Technology, consumer trends, litigation, and regulations all have increased risk.

  • The Changing workplace environment. Employers are having to manage a change in workplace demographics. The baby boomers are retiring and employers will need to figure out how to attract the next generation of workers.
  • Cyber Risk. Every business will need to consider cyber insurance. Most businesses have a greater risk of having a cyber-attack than they do of having a fire. Cyber security was big news last year. Hardly a week went by without a report of a data breach in some industry. In fact, the Identity Theft Resource Center reported a record high of 1,233 data breaches in 2015, which is a 39 percent increase from 2015’s numbers.
  • Employment Laws. Whenever there is political change you can count on new and/or updated employment laws. Employers will need to keep up to date on how these laws will impact their businesses. Every employer should consider Employment Practices Liability Insurance.
  • Connections with Customers. As we continue to increase our reliance on technology, businesses must find the best ways to stay connected with clients. Customers want real time information about the products and services you provide. The road to being connected begins with understanding that consumers want to use technology in their healthcare decisions. They want to be able to email their partners and access services and information through telecommunication devices.
  • Workers’ Compensation. All states will continue to address legislative measures that could have an impact on employers including; drug usage, independent medical exams, medical marijuana, and the misclassification of employees and contractors.

At Valley Oaks Insurance Agency, we’re committed to keeping your business protected – so you can focus on your day-to-day operations. And with the right insurance plan, your business will be covered from top to bottom


Umbrella Insurance Is Something You Need

California Umbrella Insurance

Personal umbrella liability is one of the most commonly overlooked policies, but in the case of a catastrophic financial event, it could be the best line of defense you’ll ever have. If you’re involved in a major auto accident or if someone gets injured on your property, you could be sued for damages well beyond the liability coverage provided by your home and auto Insurance policies.

Umbrella Insurance provides extra protection or limits above the liability insurance you currently have. Just as an umbrella protects you from heavy rain, an Umbrella Insurance policy protects you from losing the entirety of your wealth and assets in the event of a claim. Umbrella Insurance can provide limits above your personal auto and home policies.

Here is an example: John Doe falls asleep while driving and hits a van with a family inside. The accident results in $600,000 of medical bills, but John Doe's auto policy has a $500,000 limit. Fortunately, John Doe also has a $500,000 umbrella policy, and the additional $100,000 would be covered under the Umbrella.

It is true that Umbrella Insurance may not be for everyone, but if you are building financial resources for your future, are a professional, own your home, boat or recreation vehicle, you should consider an Umbrella Insurance policy. Having the added protection of an Umbrella Insurance policy is coverage no one should go without.

Umbrella insurance provides broad insurance beyond traditional home and auto. It provides additional liability coverage above the limits of homeowner's, auto, and boat insurance policies. It can also provide coverage for claims that may be excluded by the primary policies.

At Valley Oaks Insurance Agency, we’re committed to keeping your business protected – so you can focus on your day-to-day operations. And with the right insurance plan, your business will be covered from top to bottom.


A 2018 Personal Insurance Guide

When was the last time you reviewed your personal insurance coverage? The New Year is a great time to review your personal insurance. Most of us know that major life events can make it necessary to update our insurance coverage. But did you know that even subtle changes can have an impact on your financial needs and plans?  Call our office today, and we can help you find the right combination of personal insurance coverage and price.

Personal Insurance

  • Review my insurance to make sure I have the right coverage
  • Take the time to read my insurance policies
  • Does my independent agent have all my correct information, including new phone number, address, and newly purchased property?
  • Make sure I have identity theft insurance
  • Do I have enough life insurance?
  • Do I need life insurance for my spouse?

Other Items To Consider (you may need insurance for some of these)

  • Bought a new car or sold a car
  • Changed your marital status
  • Bought a boat, RV or ATV
  • Change of address
  • Welcomed a new baby into the family
  • Major inheritance
  • Have a new teen driver in the family
  • Child headed off to college
  • Purchased second home
  • Planned foreign travel
  • Started a home based business
  • I now drive my personal car for work

Service, whether it is in response to an insurance claim or general question, is the most important value we offer you. Please contact us or give us a call to learn more.  You can also request a quote if you’re ready to start on a policy.

Valley oaks Insurance Agency is proud to provide insurance in Roseville, Sacramento, Lincoln, Granite Bay, Rancho Cordova, and Folsom, CA.  We also serve other areas in the state.


Innovative Insurance Solutions

A California Business Insurance Update

We live in a changing world, and your business insurance needs are changing as well. In order to keep your commercial insurance up to date you need to have the ability to change and update your insurance program on a regular basis.  The insurance industry has developed a number of innovative coverage that your business may just need.

  • Business Interruption Insurance covers the loss of income that a business suffers after a covered loss (fire, windstorm, etc.), while its facility is shut down or in the process of being rebuilt.
  • Tenant's Insurance is needed if a commercial lease requires a tenant to carry a certain amount of insurance. A commercial policy can cover damages to improvements you make to your rental space and damages to the building caused by the negligence of your employees.
  • Directors and Officers Insurance is needed even if you are a privately held business.  Directors and officer’s liability Insurance protects your business, owners, executives, and managers if individuals, competitors, third parties, or government regulators make claim for damages.
  • Cyber Liability is a risk that every business has. According to the Insurance Information Institute, businesses have a greater chance of having a cyber breach than they do of having a fire.  Most businesses should consider cyber liability insurance, which is designed to cover the costs of investigations, notification, and credit monitoring for affected individuals, regulatory compliance, defending lawsuits, and payment of any resulting judgments or settlements.
  • Equipment Breakdown coverage offers extra protection for electrical, mechanical, or digital equipment used by your business, including heating, cooling, and refrigeration systems; computers and communication equipment; and more. It can pay for the cost to repair or replace the damaged equipment in the case that there is physical damage, as well as cover the cost of service interruption.
  • Debris Removal Insurance covers the cost of removing debris after a fire, flood, windstorm, etc. For example, a fire burns your building to the ground. Before you can start rebuilding, the remains of the old building have to be removed. Your property insurance will cover the costs of rebuilding, but not of removing the debris.

At Valley Oaks Insurance Agency, we’re committed to keeping your business protected – so you can focus on your day-to-day operations. And with the right insurance plan, your business will be covered from top to bottom.


Valley Oaks Insurance Helps You Design Business insurance

A California Commercial Insurance Update

There are many insurance companies that are willing to offer your business commercial insurance coverage.  However, how can you tell them apart, other than by their logo or advertising?  That is why you choose us, to help you review your risk, then design a program that fits your needs, and finally go to the marketplace and bring back the best options.  Not all insurance companies are the same.  They all offer different kinds of business insurance and services.  Here are some of the different kinds of coverage that you might consider when designing a commercial insurance program.  Each of these coverage types offers protection for a business.  Purchasing several, or even all, of these policies may be necessary to fully protect your company from lawsuits.

  • Directors and Officers Insurance
  • Commercial Auto
  • Commercial Liability
  • Commercial Crime Liability
  • Property Insurance
  • Business Income and Extra Expense
  • A Commercial Umbrella Policy
  • Errors and Omissions Insurance
  • Fiduciary Liability
  • Employee Practices Liability
  • Privacy and Network Security Insurance

One way to make sure you get the best possible combination of coverage, price, and service is to have us help you identify the top insurers in your industry.  Other things to consider are your deductibles and limits purchased.  When selecting an insurance company allow your agent to do most of the heavy lifting.

The best thing you can do is call our office and have us provide you with a risk review, including coverage options.  Once you have had a chance to review coverage and pricing, then you can make an informed decision.

At Valley Oaks Insurance Agency, we’re committed to keeping your business protected – so you can focus on your day-to-day operations. And with the right insurance plan, your business will be covered from top to bottom.


Home Burglaries Are Too Common…  Why You Are at Risk

A California Home Insurance Update

Having your home invaded by a burglar cannot only cost you monetarily, but it can cause stress and a loss of security.  Over 60% of homes are at risk of having a burglary according to a national insurer.  This number includes renters and owners of condominiums as well.

Top Ways Thieves Get in Your Home

  • Un-locked door or window
  • Key left outside
  • An open garage door

How to Reduce the Chances of a Home Burglary

  • Having lights on
  • Security system
  • Outside lights on timers
  • Neighbor watch programs
  • Keeping all doors and windows closed and locked
  •  Limit the amount of shrubs around windows

If you have the right kind of homeowners insurance, a loss like this should be covered.  However, we always recommend you call our team to have a review of your personal insurance program.

The best thing you can do is call our office and have us provide you with a risk review, including coverage options.  Once you have had a chance to review coverage and pricing, then you can make an informed decision.

At Valley Oaks Insurance Agency, we’re committed to keeping your business protected – so you can focus on your day-to-day operations. And with the right insurance plan, your business will be covered from top to bottom.

 


Ten Things Insurance Agents Can Do to Help Employers Manage Workers’ Compensation Costs

A Workers’ Compensation Update

There are over 4.1 million workplace injuries in the Unites States each year, according to OSHA.  Employers spend about $155 billion on work related injuries each year.  There is no doubt workers’ compensation is a big expense for employers.

The good news is there are many actions an insurance agent can do to help employers reduce workers’ compensation costs.

  • Search the market for options and program designs that fit the individual needs of each employer.
  • Help build a bridge between the insurer and business.
  • Educate employers about how workers’ compensation works.
  • Work with employers in the development of a safety program.
  • Analyze all classifications to make sure they are correct.
  • Help the company prepare for the workers’ compensation premium audit.
  • Provide the framework for an early return to work program.
  • Help the company review accidents and claims to determine trends and then create safety solutions.
  • Facilitate a claims review with the insurer to make sure all claims are being processed correctly.
  • Be a resource to the business by bringing in other service providers to solve problems; i.e., attorneys, safety professionals, and third party claims consultants.

Workers’ compensation is an important part of your business insurance program. It is required by state law that your business has workers’ compensation insurance.

As a business owner, you go to great lengths to provide a safe working environment for your employees. Workers’ compensation continues to be a significant cost driver for most employers, and understanding all the factors that can drive your workers' compensation cost can often be complex and time consuming.

Service, whether it is in response to an insurance claim or general question, is the most important value we offer you. Please contact us or give us a call to learn more.  You can also request a quote if you’re ready to start on a policy. 

Valley oaks Insurance Agency is proud to provide insurance in Roseville, Sacramento, Lincoln, Granite Bay, Rancho Cordova, and Folsom, CA.  We also serve other areas in the state.


September is National Preparedness Month

Disaster Preparedness

Our thoughts and prayers continue to be with the people of Houston. Hurricane Harvey caused over 75 billion dollars of damage. While this is fresh on our minds, let’s get prepared for the unexpected.  This could be a flood, hurricane, earthquake, wild fire, or any other event that causes damage to our homes.

Remember, your homeowners insurance may or may not cover the next disaster, so it is a good idea to have our team complete a personal insurance review.  Here are some things you can do right now.  Ready.gov has provided many good resources.

Basic Preparedness Tips

  • Know where to go. If you are ordered to evacuate, know the local evacuation route(s) to take and have a plan for where you can stay. Contact your local emergency management agency for more information.
  • Put together a “go-bag” or disaster supply kit should you need to evacuate, including a flashlight, batteries, cash, first aid supplies, medications, and copies of your critical information.
  • If you are not in an area that is advised to evacuate and you decide to stay in your home, plan for adequate supplies in case you lose power and water for several days and you are not able to leave due to flooding or blocked roads.
  • Make a family emergency communication plan and review it regularly with members.
  • Many communities have text or email alerting systems for emergency notifications. To find out what alerts are available in your area, search the Internet with your town, city, or county name and the word “alerts.”
  • If there is a chance of flash flooding, move immediately to higher ground.
  • If floodwaters rise around your car but the water is not moving, abandon the car and move to higher ground. Do not leave the car and enter moving water.
  • Avoid camping or parking along streams, rivers, and creeks during heavy rainfall. These areas can flood quickly and with little warning.
  • Disconnect electrical appliances and do not touch electrical equipment if you are wet or standing in water. You could be electrocuted.
  • If instructed, turn off your gas and electricity at the main switch or valve. This helps prevent fires and explosions.

At Valley Oaks Insurance Agency, we’re committed to keeping your home and business protected – so you can focus on your day-to-day operations. And with the right insurance plan, your family or business will be covered from top to bottom.

More resources for you

www.ready.gov

Download FEMA App


We Know And understand Personal Insurance

California Personal Insurance Planning

Finding the right auto insurance is not always an easy task. Don’t believe the TV ads; it does take longer than ten minutes to get personal insurance.  But finding the right insurance for you does not have to be overly difficult. Let us do all the heavy lifting.

There are a number of items you may want to consider when reviewing your auto insurance needs.

1. Let Us Shop for the Lowest Price Available
You get what you pay for, and we compare not only price, but policy features as well.  Not all auto insurance companies offer enhanced benefits like superior claims handling, customer service guarantees, and roadside rental car delivery. We assess all of the benefits included in each policy to determine the true value that you will receive.

2. Choose Adequate Liability Coverage
Liability insurance helps protect you and your assets if you cause an injury to others or damage the property of others with your vehicle. If you choose lower liability limits, an accident that causes serious injury can result in medical bills and lost wages that could far exceed your minimum coverage and leave you financially exposed. Make sure you’re fully protected.

3. Don’t Miss Out On Potential DiscountsYou could get discounts for low-mileage driving, having multiple policies through the same insurance carrier, using anti-theft devices, taking defensive driving courses, and more. Be sure to ask which discounts are available.

4. Update Your Policy To Reflect Any Major Life Changes
Keep your policy current. For example, forgetting to add a new teen driver to your policy can cost you dearly in the case of an accident. You may need to alter your policy if you purchase a new home, car or other property, change your marital status, start a business, move, or retire.

5. Always consider increasing your deductibles on older autos
Increasing auto deductibles can save hundreds over time. Older vehicles will have low valuation, and in the event of a total loss you may not receive much settlement.

At Valley Oaks Insurance Agency, we are committed to the safety and security of you and your family, which is why we will work with you to create a perfect policy that protects all of your interests. Since Personal Umbrella Insurance will vary depending on your individual coverage needs, it’s important to discuss your options with one of our insurance specialists before making a decision.


Why An Independent Agent Can Be Best Suited For You

A Valley Oaks Insurance Update

To say that your insurance policy is only as good as your agent is a bold statement.  You have also heard me say, that not all policies are created equal.  Just what do I mean by this?  The idea is that your agent is the most important part of your insurance program.  Here are three reasons why this is true:

1. Insurance companies only offer a policy, they do not design coverage.  On the other hand, independent agents can design coverage that is best for your specific needs.

2. Independent agents work for the client, not the insurer.

3. Experienced agents can help you identify and manage your risk, rather than sell you a policy.

The best way to ensure you are getting the best advice and value is to have a trusted relationship with an experienced agent.  Like any relationship, communication is the key.  A good agent will listen to the customer and offer risk and insurance solutions.  There are times when insurance is not the best solution.  Again, here are examples:

1. Contractual Risk Transfer – There are many ways to transfer your risk through a contract or agreement.  An example might be for products liability.  If you are distributing a product manufactured by another party you can transfer the product liability to them, rather than take that risk on.

2. Self-Insure – There are times when the risk may be such that you are better off self-insuring rather than spending a lot on an insurance policy with a super high deductible.  Sometimes, you can mitigate risk by putting risk control techniques in place to reduce or eliminate the risk all together.

Only an agent who is interested in your best interests would offer you options that included no insurance.  Rather than using any agent to get you an insurance quote, select a qualified independent agent who will collaborate with you and design a risk management program that meets your needs.

As an independent insurance agency in Roseville, CA, our goal is to assist you in all your insurance needs. We will help you manage and plan for all your potential risks. As professionals, we assess your needs and offer you a variety of insurance products to choose from.

Service, whether it is in response to an insurance claim or general question, is the most important value we offer you. Please contact us or give us a call to learn more.  You can also request a quote if you’re ready to start on a policy.

Valley oaks Insurance Agency is proud to provide insurance in Roseville, Sacramento, Lincoln, Granite Bay, Rancho Cordova, and Folsom, CA.  We also serve other areas in the state.

Our Location

Valley Oaks Insurance

1508 Eureka Road, Suite 170
Roseville, CA 95661
Main office: 916-710-8973
Toll free: 800-338-6894

Our Providers

Testimonials

Accommodating, professional, helpful, and quick. Very comfortable experience and I was impressed by their capabilities. Highly recommended.
Brad M.
I feel lucky to have found an agent willing to provide this level of service. No need to look anywhere else!
Michelle D.
Over the years we’ve never once had to worry about our coverage. My husband and I are long-time customers and proud to be.
Carol S.
Surprisingly flexible and in-touch with my needs as a small business owner. Can’t ask for more.
Spencer F.
They have strong ties with the community, and it shows. It’s nice to do business with people that really show they care about you and your family.
Susan T.