Beissel & Cobb Insurance Services, Inc. Blog
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Monday, January 9, 2023I am proud to continue my Construction Risk Insurance certification by IRMI. The designation shows my commitment to helping my construction clients manage risk. READ MORE >>
Friday, January 6, 2023The insurance market continues to harden meaning high prices, increased deductibles and more difficulty purchasing insurance. Per the Insurance Journal: January Renewals See Hardest Property Catastrophe Reinsurance Rates in Generation According to the article: "... READ MORE >>
Tuesday, October 25, 2022Effective January 1, 2023, the CSLB is mandating contractor's bond limits be increased to $25,000. (CSLB memo #22-10). Your current surety company will increase your bond and invoice you. Maybe it is time to look around for a new surety company. READ MORE >>
Sunday, October 23, 2022As a locally owned business, we are committed to supporting our local community. We support our community through our service projects, volunteering efforts, and donations. From today through the end of the year, for every new policy written, a donation of $50. READ MORE >>
Saturday, October 22, 2022Per the Contractor's State License Board (CSLB memo #22-08), effective January 1, 2023, the following construction license designations will need to maintain Worker's Compensation Insurance: C-8: Concrete C-20: HVAC C-22: Asbestos Abatement D49: Tree service READ MORE >>
Monday, May 9, 2022As an agency we are committed to supporting our local community. We support our community through our service projects, volunteering efforts, and donations. In April for every new policy written a donation was made to the Helen Woodward center in the name of the policyholder. READ MORE >>
Thursday, October 21, 2021The idea of insuring to value is straight ahead, insure your property to the limit that is needed to repair/replace the property. The problem is that the replacement value of your property is not determined until after a loss has occurred, and there can be ide variations in the estimated cost to rebuild your property. READ MORE >>
Wednesday, October 20, 2021Commercial insurance is fundamentally different from Residential Property in that with most insurance policies there is no extension endorsement available. Residential carriers often offer extended replacement cost endorsements with options of 25% and 50% available. READ MORE >>
Tuesday, October 19, 2021In California insurance carriers offering residential property coverage (home) must disclose the different options available. The primary options are: Guaranteed Replacement Cost - there is not a limit on how much the carrier will pay to rebuild your home. READ MORE >>
Monday, October 18, 2021There is often great confusion regarding a Certificate of Insurance (COI) around what it actually does and what people assume it does. A COI is NOT an insurance contract. A COI provides no rights or guarantee of coverage to the COI holder. A COI provides zero certainty that a claim will get paid. READ MORE >>
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