All of the Goodies for Businesses in the $1.9 Trillion Stimulus Act

Posted on: March 24th, 2021 by Leaders' Choice Staff No Comments

The $1.9 trillion American Rescue Plan Act (ARPA) that President Biden signed into law on March 11 contains a number of provisions intended to help small businesses and other organizations hurt by the pandemic. Foremost, it includes additional Paycheck Protection Program (PPP) loans to struggling businesses, and a number of special grants to companies in […]

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Cal/OSHA COVID-19 Inspections Pick Up Steam

Posted on: February 10th, 2021 by Leaders' Choice Staff No Comments

After issuing emergency regulations in November, Cal/OSHA began to step up its enforcement of COVID-19 protections in California workplaces. The types of business being cited cut across many sectors. Although most are focused on health care settings, the inspections are also sweeping up retailers, restaurants, fitness centers, agricultural operations, food processing, and other manufacturing settings. […]

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Commissioner Rejects Coronavirus Workers’ Comp Surcharges

Posted on: December 10th, 2020 by Leaders' Choice Staff No Comments

Despite the state’s rating agency asking for a 2.6% increase in workers’ compensation rates due to costs related to the coronavirus pandemic, California’s insurance commissioner has instead ordered that benchmark rates be cut 4.6%. Besides the rate increase, the Workers’ Compensation Insurance Rating Bureau had recommended that all policies be subject to a COVID-19 surcharge […]

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The Story Behind Increasing Commercial Auto Insurance Rates

Posted on: December 2nd, 2020 by Leaders' Choice Staff No Comments

Commercial auto insurance rates have been on the rise since 2011, increasing often by more than 10% a year as accidents and claims costs have soared. The trucking industry has been the hardest hit by the steep increases, and there are a number of factors contributing to the rate hikes, according to a recent study […]

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COVID-19 Workers’ Comp Claims Grow, While Overall Claims Plummet

Posted on: October 28th, 2020 by Leaders' Choice Staff No Comments

While the number of COVID-19 workers’ compensation cases filed in California continues to grow, total workplace injury and illness claims in the state have fallen nearly 20% so far in 2020 compared to 2019. Through September, the state had recorded 47,412 COVID-19 workers’ compensation claims, accounting for 11.1% of all claims reported since the start […]

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New Emergency Workers’ Compensation Rules Take Effect

Posted on: July 7th, 2020 by Leaders' Choice Staff No Comments

The Department of Insurance has approved emergency workers’ compensation rules dealing with COVID-19 and California employers. The rules were recommended by the Workers’ Compensation Insurance Rating Bureau to bring fairness for employers’ experience rating during the COVID-19 pandemic amid shelter-at-home orders and for dealing with claims of workers who contract COVID-19 on the job. The […]

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What Business Insurance Policies Cover Rioting, Looting

Posted on: June 4th, 2020 by Leaders' Choice Staff No Comments

As protests around the country descended into rioting and civil unrest, many businesses that have been looted, or seen their shops damaged or completely destroyed, will obviously be turning to their insurance to file a claim. While many companies were unsuccessful in filing business interruption claims for the COVID-19 crisis, claims for damage and theft […]

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Coverage Disputes Over Online Attacks Grow

Posted on: February 26th, 2020 by Leaders' Choice Staff No Comments

A federal court has ruled that an insurer’s professional liability policy must pay out $6 million for a company’s losses from a business e-mail compromise scam, even though the business lacked cyber coverage. The ruling is part of a growing trend of businesses that haven’t purchased cyber insurance seeking coverage for cyber-related losses from other […]

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