Ransomware is any malicious software—also called malware—that infects a victim’s device or server and prevents the technology from working as it should or blocks access to specific data (e.g., confidential files or sensitive information) stored on such technology until the…
General Liability Insurance Explained in 10 Minutes The most common form of business insurance is the Commercial General Liability (CGL) policy. Although widely adopted as the ‘backbone’ of a company’s protection, CGL is often misunderstood. To understand why, watch the…
A business needs to purchase a business auto insurance policy for many reasons. Some of the reasons are self-explanatory, while others are not as obvious. In this video, I will explain three reasons to purchase a Business Auto Policy or…
A non-admitted insurance company is a company that is not licensed to do business in a particular state or jurisdiction. Non-admitted insurance companies operate outside of the state’s regulatory system, and policies issued by non-admitted insurance companies are not protected…
We get this question frequently, and the answer varies based on the policy. There are many reasons someone might need to add an additional insured (AI) to a policy; the cost and terms differ based on the situation. Let’s dive…
Previously, the Contractors State License Board (CSLB) only required C-39 roofing contractors with or without employees to carry workers’ comp insurance. As of January 1, 2023, this requirement changed to include the additional licensed contractors regardless of whether they have…
If you own a business, understanding insurance helps you best protect your company and its assets. Property and liability insurance are two types of insurance that protect against different business risks. Almost all the coverage you will need for your…
So you’ve recently purchased a business insurance policy and now have requests to complete an inspection. Although the request may come as a surprise, it is not uncommon for insurance companies to inspect after the placement of a policy. Let’s…
Insurance policies are SKYROCKETING! Here’s what to do if your insurance policy increases Most businesses battled increased costs in 2022. Inflation of goods and services contributed to rising prices and was the culprit of a squeeze on the bottom line…
Most business owners dislike insurance audits, especially when they result in costing them more money. Nobody appreciates an unexpected bill, especially in an environment with increasing expenses and shrinking profits. But does an insurance audit mean that your insurance premium…
Considering purchasing EPLI (Employment Practices Liability Insurance)? Let’s review the history and pros and cons of the current EPLI landscape to determine if EPL insurance is right for your business. History of EPLI EPLI was originally developed in 1990, following…
If you own a business, you will likely purchase liability insurance to protect against any legally enforceable obligation. In other words, insurance that will pay or render service on your behalf for loss arising out of legal liability to others.…
Did you know that insurance fraud costs consumers $308.6 billion per year, according to the Coalition Against Fraud? Insurance providers are forced to raise their premiums, which trickles down to innocent consumers. According to the FBI, the average family also…
Mike stopped everything he was doing today to welcome a SPECIAL guest to the show. An expert joins him in small business and insurance – and for those entrepreneurs, you cannot afford to miss this episode! Episode Highlights: Mike’s very…
On 9/29, we celebrated National Coffee Day. Then, on 10/1, International Coffee Day. What better than to welcome Mark Bell, a coffee entrepreneur, and successful business owner, to the Team Business Podcast? Mark’s story about the beginnings of OB BEANS…
Thank you for visiting our BLOG and learning about 5 ways to save on general liability insurance for your business! Please also remember to watch our video below for helpful saving tips! I have the pleasure of speaking to business…
In this episode of the Team Business podcast, Chris Senkbile joins Mike Fusco. Chris speaks about all things entrepreneurship and gives listeners great tips on overcoming challenges associated with starting a business. For those tuning in from the insurance industry,…
In this episode of the Team Business podcast, host Mike Fusco interviews Rachel Robison, the CEO, and Co-Founder of Siege Technology Solutions and SiegeAOS, an all-in-one operating system for your business! Rachel speaks about the ability to customize Siege to…
Whether you are a homeowner or a renter, getting the right kind of insurance for your situation should be a priority. Here are some of the important things to remember and misconceptions we find clients have about both of these…
In this episode of the Team Business podcast, hosts Mike Fusco interviews Arian Radmand, CEO at IgnitePOST. IgnitePOST helps brands create magic moments for their customers. The firm’s real pen and ink handwritten notes cut through the digital noise to…
In this episode of the Team Business podcast, host Mike Fusco interviews Heath Shearon, known in many business circles as “The Mayor,” who is a consultant and focuses on helping businesses improve their time management. Although his firm, Agency Performance…
The change to work comp dual wage classification thresholds takes effect on 9/1/2022 for all new and renewed policies. The Workers’ Compensation Insurance Rating Bureau (WCIRB) of California changed dual wage classification thresholds for the first time since 1 Please…
Loss Run Reports: What are they and what do they mean for your business insurance? A loss run report is a document that summarizes the insurance losses of a policyholder. The insurance company compiles the report and usually sends it…
You may be interested in hiring workers based in other states as business owners. Hiring in other states can be a great way to expand your business and reach new markets. However, you must be aware of those states’ workers’…
</p>, National Safety Month is the perfect time to focus on slips, trips, and falls – a leading cause of workplace injuries. Every year, slips, trips, and falls lead to millions of dollars in lost productivity and medical expenses. In…
If you’re an employer, it’s time to start paying attention to injury prevention. Too often, businesses focus on the bottom line and ignore the potential for injuries in their workplace. This can be a costly mistake – not only in…
If you think the public accounting is too large to disrupt, think again. Chase Birky finds that the accounting space is ripe for disruption with an aging workforce, an archaic structure, and general resistance to new technologies. And he’s making…
Workplace impairment can take many forms, from substance abuse to mental health issues like fatigue and stress. In this blog post, we’ll be taking a closer look at workplace impairment and how to address it. Fatigue and stress are two…
“We Provide The Light, So You Can Shine.” Pro-Cal Lightning, Inc. is an electrical contracting firm in San Diego County. Since we first spoke to Brian Morales at the onset of the COVID pandemic, a lot has changed in the…
For the first time since 2011, the IRS has made a midyear adjustment to the optional mileage rate used to calculate the deductible costs of operating an automobile for business and other specific purposes. The agency said the change is…
Starting January 1st, 2023, the Contractors State License Board of California will increase all bond limits from $15,000 to $25,000. This includes contractor license bonds and RMO bonds in the state. The change comes as part of Senate Bill 607,…
Did you know that Musculoskeletal Disorders are the leading cause of injury in the workplace? They account for nearly 33% of all workplace injuries. That’s why preventing sprains and strains from happening in the first place is essential. In this…
Tommy Gaffney has served in the benefits industry for several years. His knowledge and passion for the industry led to his current role as Vice President of National Sales at Evolved Benefits. Tommy joins this episode of the Team Business…
June is National Safety Month, and we are delivering on our mission to help our clients reduce the likelihood of workplace injuries. During June, Fusco Orsini & Associates will provide resources to raise awareness of workplace safety. We will provide…
You are familiar with the ‘your work’ exclusion if you’ve read your general liability policy. And if you’re like most people, you want to know more about how the ‘your work’ exclusion affects your insurance protection. Although the ‘you work’…
Most insurance policyholders understand the importance of insurance protection at the time of a loss. Whether the loss is an auto accident, a structure fire, a theft, or even a lawsuit, people know that an in-force insurance policy may provide…
Dan Kolosowski serves as Regional Vice President of 401(k) Markets for Transamerica. In this episode of the Team Business podcast, Dan joins the show to speak about ERC (Employee Retention Credit) and provides valuable information that all employers should understand.…
Can you list all my insurance policies on one Certificate of Liability ACORD 25 form? After posting my recent video titled “Learn How to Read an ACORD 25 (Certificate of Liability Insurance), many viewers reached out with great questions. Thank…
I think it’s safe to say that business owners, CFOs, accountants, controllers, or even bookkeepers cringe at a workers’ compensation final audit. Most business audits are painful; they take time and resources and sometimes create unexpected financial consequences, such as…
One of the most significant points of misinformation in commercial lines insurance relates to the business auto policy and coverage for tools and equipment. Did you know that, in most cases, the business automobile insurance policy DOES NOT pay for…
Julie Brown is an experienced business owner of 27 years and serves as a strategic talent advisor to the insurance industry. Whether you’re in the insurance industry or not, this is an episode you don’t want to miss. Julie provides…
The ACORD 25, or Certificate of Liability Insurance, is one of the more recognizable documents in the commercial insurance business. Every day, the team at FOA delivers hundreds of ACORD 25 forms to and on behalf of our clients. Although…
In this episode of the Team Business podcast, host Mike Fusco interviews April Enriquez, an award-winning public relations and brand messaging expert, and WordPop Public Relations founder. April will help you clarify your message so clients can more easily discover,…
One of the most misunderstood or overlooked insurance products for construction industry professionals is Controlled Insurance Programs (CIPs). It’s essential for contractors to understand CIPs, whether an OCIP (Owned-Controlled Insurance Program) or CCIP (Contractor-Controlled Insurance Program). Mike Fusco explains CIPs…
ATTENTION CONTRACTORS! READ your insurance requirements. It will mean the difference between a profitable construction business and one that sinks into the red. Fusco Orsini & Associates has 50+ years of combined experience working with contractors. We KNOW insurance requirements…
Business owners often get confused regarding the difference between a certificate holder and an additional insured. Mike Fusco explains the differences in today’s video using both technical terms and non-specialists’ terms. We hope you gain a better understanding after watching.…
Here is a question for all of the business owners watching this video. What is more important when reviewing your business insurance costs? 1) The insurance PREMIUM, or 2) The insurance RATE If you answered 2), the insurance RATE, you…
If you’re a California general contractor, you understand the challenge associated with workers’ compensation insurance. Fusco Orsini & Associates (FOA) provides workers’ compensation programs to general contractors in California. Our vast experience allows us to connect clients with the best…
In this episode of the Insurance Haus podcast, host Mike Fusco is joined by Gwendolyn Larkin, Gwendolyn has an extensive and impressive career working in the insurance industry, specifically in carrier claims departments. Gwendolyn currently serves as Enterprise Claims Technical…
As the commercial auto insurance marketplace continues to harden, small business owners must understand ways to save on their auto insurance policy. Although we expect business auto insurance premiums to level out or potentially decrease starting in 2022, Mike Fusco…
