Earthquake Insurance, Seismic Retrofit or Both?

Mark StraussLoss Control Ideas

With most insurance carriers there is no price break for earthquake insurance when a home is retrofitted to the foundation, , it only allows you to qualify to purchase earthquake insurance. Here is some advice, your money might be best used on having a seismic retrofit done to your homes in lieu of securing earthquake insurance. Why? Earthquake insurance deductibles work … Read More

Landlord Risk Management

Mark StraussBusiness | Commercial Insurance, Loss Control Ideas

Carrying landlord insurance is not enough, as a property owner part of your landlord risk management plan should incorporate a requirement that your tenants carry renters insurance. Outside of providing property and liability protection for your tenant incorporating renters insurance as a requirement in your landlord risk management plan will limit your liabilities and provide you with recourse if your tenant is deemed negligent … Read More

Oregon Earthquake Safety & the Cascadia Megathrust

Mark StraussLoss Control Ideas

As the 2011 magnitude 9.0 Tohoku, Japan earthquake celebrated it’s four year anniversary last week the disaster continues to be a stark lesson for what the potential impact of the predicted Cascadia megathrust earthquake will leave on the Pacific Northwest. It makes one think about Oregon earthquake safety and what safety measures have been put into place. There is no … Read More

Earthquake Insurance Claims | Learn Claim Best Practices

Mark StraussBusiness | Commercial Insurance, Individual | Personal Insurance, Loss Control Ideas

Recent earthquake claim denials in Oklahoma and the 60 minutes segment about FEMA’s denial of flood insurance claims titled “The Storm After the Storm” highlights what might be that brutal aftereffect that awaits the status of earthquake insurance claims from the predicted Cascadia Subduction Zone rupture. Per the 60 Minutes report “the biggest ticket item inside a claim, for a … Read More

How Much Restaurant Liability Insurance Do You Need For Your Business?

Mark StraussBusiness | Commercial Insurance, Loss Control Ideas

There is no set formula regarding how much business liability insurance you need for your restaurant. However, the more coverage you have, the more bulletproof your restaurant insurance program becomes. If you are running a successful business, you will probably want minimal disruption. If an incident occurs in which you may be seen as liability. Thus, the more coverage you have, the greater … Read More