Vaught Wright & Bond
P.O. Box 1328
533 Main Street
Placerville, California 95667
Phone: 530-622-1835
Toll-Free: 800-652-0168
Email Us
CA Lic. #00448556

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Policy Services

It May Be Time To Review Your Business Insurance

bigstock Handshake Hand holding on bl 13871291 300x200 - It May Be Time To Review Your Business InsuranceOur agency is founded and run on the philosophy that the client’s needs come first and foremost. We know you hear that a lot, so we wanted to tell you how we carry out our philosophy from day to day. This article is the continuation of our series on how to think differently about commercial insurance.

Every client deserves an annual commercial insurance review. The review may take different forms depending on the individual circumstances.

Benefits To An Insurance Review

  • Keeps your program up to date
  • Provides an opportunity for feedback on services
  • Allows for the partnership to review goals
  • We take time to review key exclusions and other coverage items
  • You may need to modify, reduce or add coverage depending on your current situation
  • The review does not need to take a long time

 California Business Insurance Review

A business review is important because the risk is constantly changing. Maybe your operations have not changed, but laws and other statutes can impact your risk and need to be addressed. Here are a few examples:

  • Prices change and a review can determine if you are getting competitive rates on your insurance.
  • Your coverage needs may have changed and your policy should reflect these changes.
  • There may be new insurance companies to which we have access.
  • Laws and regulations are changing and may require a different kind of insurance.

 At Vaught Wright & Bond our Commercial Lines specialists not only tailor a policy to fit your business’ needs but also work diligently with you to avoid unnecessary costs and exposures.

How To Save On Auto Insurance

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Did you know you can control what you pay for auto insurance? Auto insurance is best purchased when you have a licensed professional as your advocate. Licensed professional insurance agents help you get the best price and coverage, and good communication about your insurance factors is important. Here are some examples of things you can control when purchasing auto insurance.

Auto Insurance Factors

  • Make sure your agent is up to date on any life changes like marriage, divorce, or teen drivers.
  • Did you move? Location can make a difference in cost.
  • Did you know that increasing deductibles can lower your premiums? Call us for more information.
  • Safe drivers do pay less.
  • The make and type of auto you buy can affect your auto insurance premiums.
  • The length of your commute can help determine your premiums.
  • Have your agent shop your auto insurance on a regular basis.
  • If you are getting older, there are specific insurance markets that like senior drivers.
  • Is your vehicle older? You may not even need collision coverage.
  • Many companies offer discounts for safety features of the vehicle, call us for more information.

At Vaught Wright & Bond, our Personal Insurance specialists work with you to tailor an insurance program to protect your family, home, auto, and other valuable possessions at the most reasonable costs our carriers can provide

Is Your Child Heading Off To College After Graduation?

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This time of year, many recent high school graduates are preparing for their next phase of life.  Their plans may include heading off to college in another city or state.  One of the things that you’ll want to discuss with them before they go back to college is how to keep their car and their belongings safe and protected. Here are some answers to a few of the most common questions that parents of college students often ask us.

Insurance Coverage for College Students

Personal property – Depending on the value, items like clothes and computers should be covered under your homeowner’s policy.  However, if your student has an expensive computer, smartphone, tablet, jewelry, or other items, you might not be covered.  Most homeowner’s policies have limitations on items valued at over $1,200 (varies by policy).  Coverage will depend on your individual policy, so we recommend contacting your independent agent.

Auto – If your student is taking a car to college, make sure your agent knows of the address change.  We might actually save you money depending on the location.  As a full-time student, your child may qualify for a Good Student Discount (if he maintains a grade point average of 3.0 or higher).

Health insurance – Children can remain on your health policy until the age of 26.  Many colleges will offer student health insurance at a very reasonable cost.

Personal Liability – This coverage is provided anywhere the student goes, inside the U.S.A.  Your student might be covered under your current homeowner’s policy, or even a renter’s policy, if one is in place.

Are college kids eligible for any discounts?

This can be important question to ask your insurance agent. Many insurance companies offer discounts that apply to young, unmarried, full-time college students who spend most of the year away from home without the use of a vehicle.

Auto Insurance For Every California Driver

bigstock Rear Side View Of A Sport Car 52399831 300x186 - Auto Insurance For Every California DriverIt seems like you can’t get through a TV show or read a magazine without seeing an auto insurance ad. Big insurance companies spend billions to get your business. But are they really giving you the best coverage designed specifically for California drivers?

Here are a few Placerville auto insurance myths we have seen, that you need to know about:

Myth – Buying on line is better. Would you go to a web page to diagnose your illness and then select from a drop down list for your treatment? That is what on-line insurance buying is like. Call an independent agent so we can help design the right combination on coverage and price. We have access to multiple markets, not just one. Cheap Placerville auto insurance seems great until you have a loss.

Myth – Bright colored cars cost more to insure. Wrong. Premiums are based on the type of vehicle you have, it’s value, where you live and other factors.

Myth – One ticket or accident will cause my company to cancel my insurance.  Most insurance companies do not penalize you this way. They are more concerned with patterns of driving.

Myth – Older drivers pay more. This is not true. Many of our companies give discounts to older drivers.

Myth – The TV commercial said it was covered.  All claims are subject to your individual policy terms and conditions. That is why an independent agent is important. We can provide information about what is covered and what is not.

Myth – If I get hit by someone else, the other party will pay. That is true if they have insurance. Even though many states have mandatory auto insurance requirements, almost one fifth of all drivers don’t’ have insurance. And if you don’t have the right coverage you will not be covered.

At Vaught Wright & Bond, our Personal Lines specialists work with you to tailor an insurance program to protect your family, home, auto, and other valuable possessions at the most reasonable costs our carriers can provide.

Our home office is in Placerville, California,  El Dorado County, but we insure customers across California, Oregon, and Nevada. We are your source for Allied Insurance, Hartford, Grange Insurance, Blue Cross, Nationwide, Blue Shield, Travelers Insurance, State Fund and dozens more!

Summer Fun Means Summer Risk!

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With the summer months approaching, now would be a great time to review your homeowner’s and personal insurance program.  There is a large spike in auto accidents during June through August.  We offer a free review to assess your insurance needs, and we can recommend needed personal insurance coverage like a personal umbrella, cyber liability, and flood insurance.  Summer Risks Are Very Real.

Here are a few of the risks your family may face this summer:

  • Watercraft — Remember, your personal watercraft insurance does not cover racing. In addition, if your boat is over a certain length, you will need a separate boat policy.  Remember to have personal floatation devices for all people in the boat, and do not drink and drive your boat.  Venture beyond the geographic limits in the policy and the insurance may be nullified.
  • Travel — If you are planning a family vacation, make sure you keep your home safe while gone. Use timers on lights, cancel the mail and garbage, and do not post vacation pictures on social media while you are gone.
  • Swimming — Never leave a child unattended around water. If your child does not know how to swim, make sure they have a floatation device on at all times.
  • Bug Bites — If you are heading outdoors, be prepared for annoying critters. Use EPA-registered insect repellents* that contain at least 20% DEET (products include Cutter Backwoods and Off!  Deep Woods) for protection against mosquitoes, ticks, and other bugs.  Other repellents protect against mosquitoes, but may not be effective against ticks or other bugs.
  • Barbecuing — Never leave a barbeque unattended. Do not barbecue inside or in a garage.  If you receive a minor burn, hold the skin under cool running water for up to 15 minutes to reduce swelling or until the pain subsides.
  • Sunburns — Always use sunscreen, and if your skin is burned, mix one-part whole milk with one-part cool water and gently apply it into the affected areas with a washcloth.
  • Heat Stress — You may be having fun or working in the sun, but if it is hot, keep hydrated by drink plenty of water. Wear lightweight clothing and take breaks every hour or so.
  • Fire pits — Fire pits are becoming increasingly popular for outdoor entertaining. While some burn wood, others use propane or natural gas.  Keep kids at a safe distance and teach them that fire pits stay hot long after the flames go out.

Remember to always seek medical treatment if the injury warrants it. At Vaught Wright & Bond, our Personal Insurance specialists work with you to tailor an insurance program to protect your family, home, auto, and other valuable possessions at the most reasonable costs our carriers can provide.

 

Liability Risks For Dental Offices

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Dental offices and labs play an important role in our society. Having healthy teeth brings smiles to our faces. But the day to day operation of dental businesses can bring with it risks and liability.

Dental Risks Can Include:

  • Injury to patients
  • Property losses
  • Dental equipment
  • Needle-sticks
  • Improper device
  • Improper procedure

In order to reduce these risks, Vaught Wright & Bond offers specific insurance for dental offices and labs. We customize your insurance to fit your needs. The insurance provided includes:

  • General Liability Insurance
  • Property Insurance
  • Business Owner’s Policy (BOP)
  • Professional Liability Insurance
  • Workers’ Compensation Insurance
  • Umbrella Insurance
  • Cyber Liability

Professional liability insurance is one of the most important coverages you should consider. In the policy we can include Vicarious Liability, Improper Treatment, Errors in Treatment, Defendant’s Reimbursement, Employment Practices Liability, and Contractual Liability including HMOs, PPOs and IPAs. You may also want to add Completed Products coverage to your General Liability Insurance policy, since your dental lab is in the business of creating products (orthodontic appliances, dentures, ceramics, etc.).

Our program for Dental Office and Dental Labs is one of the most comprehensive, yet competitively priced available. Coverage is available for general liability, professional liability, your equipment and property, employment liability, and data breach. This is only a partial list, and we know that each business is different. Your Dental office or laboratory Insurance policies will be issued through a leader in the insurance industry today.

We have the tools and knowledge to help tailor a program to fit your specific needs. Give us a call and one of our licensed insurance professionals will get you started. Much like your practice, it is quite painless. 800-652-0168

Think Again Before You Start Your Next Remolding Project

bigstock Do It Yourselfer 45244675 300x199 - Think Again Before You Start Your Next Remolding ProjectMany people are planning a home remodeling project for the spring or summer.  These projects may include a new backyard, kitchen or addition for the expanding family. Whatever the project, you need to protect yourself from the financial risks and hazards associated with a home remodel project.

If you are planning on hiring a contractor or construction company to help you with your project, keep these tips in mind. Following these guidelines will help reduce your risk and increase your chances for a successful, and hopefully stress-free, project.

  1. Before you hire a contractor ask for references. The Better Business Bureau is a good place to start.
  2. Know what you want and have a specific list of products, including the brands. For example, if you want a furnace, be specific about the type and brand. There are many brands; some good and some not so good.
  3. Always have a written contract with a competition date.
  4. Go visit other homes on which the contractor has worked.
  5. Some contractors may ask for100% of the payment upfront. Never do this. A small (10% to 15% upfront is normal)

Bonus Tip: Make sure the contractor is insured. Ask for a certificate of insurance for general liability and workers compensation.

Homeowner’s Insurance

If you are increasing the value of your home as a result of the remodel, you will need to make adjustments in your homeowner’s insurance limits. Your homeowner’s insurance will not cover the contractor or his work. If the contractor causes damage to your home, you will want their insurance to provide restoration.

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.

At Vaught Wright & Bond, our Personal Insurance specialists work with you to tailor an insurance program to protect your family, home, auto, and other valuable possessions at the most reasonable costs our carriers can provide.

 

Even Small Businesses Commercial Liability Insurance Coverage

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To protect a small business from potential lawsuits, liability insurance is necessary. Policies vary greatly, and they cover different classifications of risks for varying costs. Before shopping for a policy, it is important to educate yourself about liability insurance.

Business Liability Insurance Is Available in Many Different Forms

Commercial General Liability, which is also called CGL, is a very broad insurance product. It covers claims from accidents, injuries, or negligence when the business is at fault.  Small businesses may face a wide array of damage charges. Personal injuries, property damage, libel, and slander are just a few examples.

Product Liability insurance covers legal fees for litigation involving a faulty product.  It also covers any personal or property damage charges caused by the defective product.

Professional Liability coverage pays for damages caused by services.  It is also called “errors and omissions” coverage.  This is for companies that market a service instead of a product. For example, professionals in medical clinics must have medical malpractice coverage.

An Employment Practice Liability Insurance policy offers insurance protection against claims and lawsuits that are brought against a business, its officers or directors, or its employees and managers, against harassment, wrongful termination, breach of employment contract, discrimination, invasion of privacy, compensation issues, and employee benefits administration.

There are other types of insurance designed for specialty businesses.  The nature of the business determines what type of coverage is necessary.

At Vaught Wright & Bond our Commercial Lines specialists not only tailor a policy to fit your business’ needs, but also work diligently with you to avoid unnecessary costs and exposures.

We are prepared to help you manage all your business risks. At Vaught Wright & Bond our Commercial Lines specialists not only tailor a policy to fit your business’ needs, but also work diligently with you to avoid unnecessary costs and exposures.

What Keeps You Up At Night?

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What Keeps You Up At Night?

Every California business has risks, and Business insurance can respond to many accidents, injuries and claims. But commercial insurance does not cover every risk you may have. The good news is that we have real solutions for your business risks. A short call to us may just help you get a good night’s sleep knowing your business is better protected.

Business Risks

Cyber Risk- Cyber Liability continues to be a major issue for many businesses. Is Cyber Liability part of your Business Insurance Program? In today’s data-driven social media world, businesses of all sizes have had a cyber-attack or data breach. Statistics show that 40% of all cyber incidents affect businesses with fewer than 100 employees. With the recent Target breach, many individuals and businesses are considering cyber or identity theft insurance.

Employee Injuries– If one of your employees gets injured on the job, the medical bills and time loss could be significant. Workers’ Compensation Insurance can provide real solutions for your company.

Ownership Changes or Death of Key Staff– If your business does not have key man life insurance, you may have serious problems if an owner of other key person dies.

Environmental Liability- Your business insurance does not cover any claims for pollution or environmental related accidents.

For many businesses, the most expensive costs after a damaging event are business interruption costs. We review all areas of exposure from existing business and personal obligations, to the unfortunate extra expenses that are your reality after a major event.

At Vaught Wright & Bond our Commercial Lines specialists not only tailor a policy to fit your business’ needs, but also work diligently with you to avoid unnecessary costs and exposures.

We are prepared to help you manage all your business risks. At Vaught Wright & Bond our Commercial Lines specialists not only tailor a policy to fit your business’ needs, but also work diligently with you to avoid unnecessary costs and exposures.

 

 

Are Rideshare Drivers Covered By Their Auto Insurance?

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If you drive your personally owned auto for Uber, Lyft, or even a pizza delivery company, your personal auto insurance will not provide coverage you need, should you be involved in an accident.  Uber and Lyft are “rideshare” services that compete with taxis and more traditional car transport services. These companies do not own or operate their cars and do not hire their drivers directly. Drivers are independent contractors who drive their own vehicles to pick up and drop off customers. Here are two big coverage gaps:

  • Your personal auto insurance policy excludes liability for hauling others for a fee.
  • These rideshare companies also require liability limits above the state minimums.

There are a number of insurance companies now offering specific auto insurance coverage for ridesharing risks.

Here are a few tips for rideshare drivers.

  1. Purchase a separate policy with at least a $1,000,000 limit.
  2. Read any, and all, agreements so you know what your responsibilities are.
  3. Keep your vehicle in good working condition.

We can design a policy for you to help you minimize the high cost of insurance. We recommend auto liability and physical damage coverage. Whatever you do, do not go without auto insurance as that can create many more problems for you.

Many people don’t fully understand what their auto insurance policy covers and excludes. To avoid making costly assumptions, it pays to know what’s included in your policy. We are here to help answer all your insurance questions.

At Vaught Wright & Bond, our Personal Insurance specialists work with you to tailor an insurance program to protect your family, home, auto, and other valuable possessions at the most reasonable costs our carriers can provide.