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

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.

 

Workers Compensation Insurance

bigstock Insurance Shield 5708845 300x225 - Workers Compensation InsuranceNorthern California Workers’ compensation fraud is becoming a major issue for employers and impacting costs for everyone. Experts estimate that workers’ comp fraud costs billions of dollars every year. The national crime bureau estimates that 10% of workers’ comp claims are fraudulent. Placerville Workers compensation insurance is available for any size and type of business. As you may have seen, it can be difficult to qualify, so it is best to work with an experienced broker/agent to cut through the red tap

Workers Compensation Insurance

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

Employees — Workers’ compensation provides injured employees with medical treatment and time loss in the event of a serious injury.

Employers — Workers’ compensation provides employers with the security that insurance will be there to help treat and restore injured workers.

The Top Types Of Workers’ Comp Fraud

  1. Making a false claim. This is where the injury never actually occurred.
  2. Working another job while collecting work comp benefits. Some individuals may be on workers’ comp and have a second job.
  3. The exaggerated claim. An injured worker may have a legal claim but exaggerates the severity in order to collect more money.

What Can Employers Do To Reduce Workers’ Comp Fraud?

  • Investigate every claim.
  • Establish procedures for reporting accidents.
  • Educate your employees about workers’ compensation.
  • Offer a return to work program.
  • Stay in contact with employees for the duration of the time off.
  • Maintain a safety program with active employee involvement.
  • Have a designated workers’ compensation medical provider.

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.

Avoid Unnecessary Costs On Your California Business Insurance Renewal

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Business Insurance Renewal

Your business insurance should be an important part of your overall risk management program. It is important to have the best possible insurance coverage, competitive pricing and the right insurer. We have found a number of factors that could be important to manage when renewing your business insurance program. Give one of our professional a call today, we can help you find the best possible combination of coverage, price and service.

Business Insurance

A business insurance program should generally include commercial property, auto liability, professional liability commercial general liability, employment practices liability, workers’ compensation, flood insurance, and excess or umbrella liability.

Insurance Renewal Tips

  • Provide complete information about your operation to your agent and insurer.
  • Consider increasing your deductibles to save money.
  • Use an independent agent like us. We are equipped and prepared to provide you with the best combination of coverage, price, and service.
  • Let us market your program to a number of different insurers.
  • Combine your business property, auto, and liability with one insurer into a package or business owners package. You will receive package additional premium discounts.
  • Develop a safety program.
  • Provide safety incentives for having no losses over time.
  • Follow all OSHA regulations.

Putting a little extra effort into your next business insurance renewal can offer many rewards that include better coverage and lower premiums. We hope you and your team will join us on this risk and insurance journey, and in the end know that there is a better way to buy commercial insurance and have true peace of mind.

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.

 

A New Year May Mean You Need An Insurance Review

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A California Insurance Update

If the last time you had an insurance review was when the 49ers won a super bowl, it is time to have us review your business and personal insurance. Our team is ready to help you understand how your insurance needs have changed over time.

Here are a few examples of how life changes may impact your insurance.

  • How often do you travel out of the country?
  • Do you have any domestic employees?
  • Has there been any changes in marital status?
  • Are you involved in any nonprofit organizations?
  • Do you own a business and operate from your home?
  • Do you own a second home?
  • Do you drive for Uber?
  • Do you own any unique collections of art, wine, cars, or guns?
  • Are there any children in college?

Your insurance needs to change with your life. We offer a broad range of personal insurance products that are designed to meet your individual needs. We can help you find am insurance product that suits your individual needs. Don’t wait for another second to ensure your home is adequately insured. Call us today for more info on your options for personal insurance coverage.

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.

 

 

 

4 Types of Business Insurance You Must Consider

4 Types of Business Insurance You Must Consider - 4 Types of Business Insurance You Must Consider

As a busy owner (or manager) of a small business, the bulk of your energy is invested in ensuring your company’s success. Insurance often becomes an afterthought… something that’s at best boring and at worst confusing. Yet having the right business insurance can, in many cases, be the difference between survival and going out of business. So as we move to the end of 2018 and into the New Year, this is a good time to invest a minute on reviewing your risk profile and basic business insurance requirements.

Basics of Business Insurance

Small companies are all quite different as they reflect the unique characteristics of their owners/managers. And they each grow and contract to varying degrees based on a plethora of circumstances. The reality is that there is no such thing as a “one size fits all” insurance plan. And given the nature of change, an insurance strategy for one year may require substantial changes for the next. So the perfect insurance policy is one that’s created to fit your requirements as you see them for the next year. Some insurance such as worker’s comp may be required. Others my be voluntary. Talking with an independent business insurance specialist is the best course of action to help you understand what kind of insurance options are available an which would be best for you.

Here are some presently popular forms of insurance you should consider…

  • Business Interruption Insurance.*

This insurance makes sure companies can continue to earn income following a major external disturbance. Natural catastrophes, mishaps, deliberate actions and more threaten to interrupt revenue. Keeping up with staff wages, loan payments, and more can end up being daunting without the income to pay them. With business interruption insurance, the insurance provider will compensate for lost profits while a business returns to its normalized cash flow.

  • Errors and Omissions Insurance.*

If your business is one that relies on getting the details right, this should be considered as mandatory insurance. This helps to protect business owners of unintentional mistakes or omissions that eventually lead to damages. Such damages can be devastating if they have to be paid out of pocket. This insurance protects cash flow.

  • Liability Insurance.*

Business owners take on a huge amount of liability,. Whether you run a shop or work in people’s homes, liability insurance can protect you from claims resulting in individuals being injured at your facilities or job sites.

Companies that leverage vehicles as a part of their operations need commercial car insurance coverage as well. Even if employees are driving their own vehicles, commercial auto insurance is required if the vehicle is being driven for a business-related purpose.

  • Cyber Insurance.*

Cyber insurance is a more recent development in commercial insurance. It is designed to protect you from liability that result from a harmful cyber attack. This could include the theft of client data, disruption to your operations, etc. In a digital world where we’re all connected, protecting from this sort of event is more important than ever.

Getting More

Our commercial insurance specialists can help you find the right protection to keep your business running smoothly in case challenges arise. Reach out today for a complete business insurance review…

Wildlife and Winter Driving

Wildlife and Winter Driving - Wildlife and Winter Driving

With leaves falling and cold temperatures filling the air, it’s time to pay extra attention to the road and to potential animal hazards including deer. A deer popping out from the side of the road is a scary proposition at any time of year and especially hazardous when road conditions are slick with fresh rain or icy because of cold temperatures. Peak accident times include both the early and late hours of the day.

In truth it is important to keep a continuous lookout for all kinds of wildlife near or on the highway. And be sure to understand what kind of animal-related insurance claims are covered in your insurance policy.

Insurance coverage from damages associated with accidents involving deer or other animals may be optional depending on your insurance and carrier. Knowing this is important. If you presently lack protection, find out what it would cost to add the optional coverage. It’s typically a small investment that can save you should you suffer a collision with a deer, elk, or other animal.

At the very same time, be sure to practice good safe driving protocols. Indeed many safe-driving advocates say to brake but never swerve to avoid the animal. (You may swerve into oncoming traffic or lose traction on the road.) Exercise caution while driving through wooded areas. Slow down and be prepared to stop if the deer go into the road if you spot deer or other wildlife. If a deer is struck, call the police and your insurance agent as quickly as safe to do so. Take images of the crash site, automobile damage and any damage to the car. Be sure to include images of the animal as further proof of the cause of the accident. And in the event a claim is submitted, be sure to have your care thoroughly evaluated mechanically.

The late fall and winter months bring an increase in driving activity on roads that may already present challenges. According to the National Highway Traffic Safety Administration, more than 1.5 million accidents with deer are documented each year. More than 200 of these resulted in fatalities and cost an estimated $1 billion in damages each year… so take care. Be sure you’re protected. Practice safe driving.

And if this causes you some concern, we’re here to help. Be sure to reach out to us if you have questions about your auto insurance.

4 Quick Tips on Business Insurance

4 Quick Tips on Business Insurance - 4 Quick Tips on Business Insurance

Business owners have a lot on their plates. It’s unsurprising that many put off getting insurance for their small business. To save time, it’s tempting to grab a quick policy “off the rack” however, that will likely fail to truly protect you from the risks you likely face as a business owner.

You’ve worked hard to build your business so protecting it to preserve your income, credit, and employees is important.

Whether it’s time to purchase a policy or if you’re aiming to compare rates, we can help match the right policy to your business. When acquiring commercial insurance, here are 4 things to remember.

Revisit Insurance Coverage Annually

As organizations grow, so do insurance coverage obligations. Launching new services, growing your sales & marketing efforts, and bringing brand-new staff into the fold adds liability and more. Given this, it’s wise to review your insurance coverage once per year. As an independent insurance agency, we comparison shop from multiple carriers to find the best rate for your situation.

Compare Insurance Policies and Rates

Maintaining appropriate commercial insurance is a continuous obligation. The kinds of policies offered, customer service, and more can differ significantly both by the insurance carrier. This is why working with our team is beneficial. We offer unbiased information about carriers to ensure you get the best policy from a carrier that you can be confident in.

Take Inventory of Risks

The same insurance policy for a dry cleaning operation would be a bad match for a bakery. A policy developed to deal with the requirements of a specific business, with deductibles set at a proper rate, will help entrepreneurs save money on insurance costs, and be better matched to risk profiles.

Bundle Insurance with a BOP

Commercial insurance policies are frequently bundled into what’s described as a Business Owner Policy, or BOP for brief. Integrating multiple insurance securities through a single carrier can save money. With a BOP you can also find other enhanced insurance coverage options to maximize your protection.

As always, we are here to help! If you have questions, call today and speak to an agent.

Driving without Insurance Don’t!

Driving without Insurance Dont  - Driving without Insurance Don’t!

If you’re a driver in the US, or many countries for that matter, you are required by law to have car insurance. Driving without car insurance is illegal, and for a very good reason. Although a technical US exception is New Hampshire, where drivers don’t have to have insurance per se… they still have to be able to prove that they have enough money put away in order to pay out if a crash happens. For all intents and purposes… you have to have car insurance in the US.

Over 37,000 people die in US car crashes every year, with a further 2.3 million becoming injured or disabled. All of this mounts up to a whopping $230 billion in costs annually, and car insurance is designed to protect drivers (and their four-wheeled assets) in case of unexpected events. Still, if you’re idiotic enough to drive without insurance and get caught, here are some of the consequences you’re likely to face.

Tickets/fines

If you get caught driving without valid insurance, you’re likely to get a ticket and you will also be fined. Although the fines vary from state to state, some parts of the country charge you thousands of dollars if you’re caught driving without insurance.

Suspension

The police have the power to remove and suspend your driving license if you’re caught driving without auto insurance, something which no driver wants to deal with! You’ll only be able to get your license back if you pay to have it reinstated (which isn’t cheap) and also provide proof of insurance. It can vary from state to state when it comes to how long you’ll have your license suspended, and repeat offenders can see their license being taken away permanently.

Towing

If you’re caught driving without insurance by police, you could be prevented from driving away by them having your car towed. You needn’t be in a crash or serious incident – you might have your car pulled over due minor speeding or a broken taillight, suddenly finding that your car is being towed away and impounded because you’re driving around uninsured.

While you haggle for insurance in the meantime, you’ll also be racking up impound fees too, making any financial struggles greatly exaggerated. In some regions, they begin auctioning your car away if you cannot pay and organize insurance quickly enough! In NYC, your car starts to go through the auction process a mere 72 hours after being impounded!

You could wind up in serious financial trouble

If you have a crash and you’re found to be at fault, you’re very likely to be financially responsible for covering the medical bills and repair expenses of the driver you crashed into, something which would have been made much easier had you possessed auto insurance. If you cannot pay, the victim driver may take you to court, causing you to rack up a fortune on legal fees, damages, and much more.

Police are beginning to get serious

The average uninsured driver rate in the US is around 12%, although some states are trying very hard to crack down on this number even further. For example, in Arizona, the police conduct random tests to see whether vehicles are insured or not. If they aren’t, the police will suspend the car owner’s driving license. Also, in Louisiana, the police are now able to monitor residents’ car insurance status in real time. For example, if pulling someone over at a traffic stop, Louisiana police will be able to check the driver’s insurance status almost instantly.

Getting future insurance

The irony here is that all of these consequences will be noted down and recorded in official documents, making it even more difficult and expensive for you to get insurance in the future. Having had your license suspended, for example, is likely to raise your insurance premiums when you DO look to organize insurance. Lying for your car insurance policy is insurance fraud, something which would also increase your premiums. The moral of the story is to simply follow the law, be honest, and choose adequate coverage. Otherwise, you could find yourself in both legal and financial trouble.

Looking for affordable car insurance which is tailored to your individual needs and circumstances? Get in touch with a member of our expert team today, who can consult with you and offer you top-tier advice.