When you purchase a policy from an insurance company, you expect to be protected from certain losses – but this may not always be the case. Despite paying premiums and upholding your end of the bargain, your insurer may fail to come through when needed.  Bad faith insurance is a serious concern, and unfortunately, a significant percentage of businesses experience… Read More

When it comes to insurance companies, profit is very closely tied to risk. Insurance companies take on a risk with every client and every policy. For example, consider a life insurance policy. The risk is that the person will pass away more quickly than expected, giving the insurance company less time to collect premiums. Or maybe it’s a home insurance… Read More

You’ve probably heard the adage, “Water is life.” But water in the wrong places can cause serious damage. If you insure your home against water damage, you may have peace of mind knowing that in the event of a disaster, the insurance company will come through and provide compensation for the resulting damages. If disaster strikes, the worst news you… Read More

The California economy is constantly evolving. The kinds of food that people crave, the clothes that are on trend, the places they want to go to have fun and even the modes of transportation that Californians use to get around seem to shift from season to season. As a result, entrepreneurs and small business owners often benefit from being flexible… Read More

Picking a business partner is an important decision. You want a partner you can get along with. And with the right partner, you can look forward to a fruitful partnership. Unfortunately, however, there are instances in life when things never quite work the way you hope they do. The same is true about business partnerships. Here are four signs to… Read More

As a business owner, the title of your property is often one of the most important things for you to protect. Whether you bought or inherited the property, understanding what a title defect is and how it can affect your business is essential. It can lead to all sorts of financial losses, legal issues and even complete loss of ownership.… Read More

Water damage is a significant problem for property owners. It’s probably no surprise that water damage, when you combine both the weather-related kind and the non-weather kind, accounts for 31% of all homeowners insurance claims. Unfortunately, many unsuspecting homeowners end up accepting settlements that are woefully inadequate for their needs – and the insurance companies know it. After all, insurance… Read More

If your home or business is insured, you expect a soft landing when disaster strikes. After all, it is why you took the cover. Therefore, you may find yourself dealing with unimaginable losses and frustrations when your insurance claim is denied, yet you have been adherently paying your premiums. Fortunately, it is not the end of the road. You can… Read More

If you are a business owner who owns the land on which your company is located, eminent domain could mean bad news. The term refers to the government’s ability to put a compulsory purchase order on your property. No matter how well your business is doing, and no matter how crucial your location may be to its success, the government… Read More

Running a business alone can be challenging. Bringing someone on board can help ease your workload. It can also broaden your connections and take your business to greater heights. This is where business partnership comes in.  There are generally two types of partnerships you can consider: limited and general partnerships. Each partnership form has its merits and demerits. So which… Read More

There are many factors to consider when choosing the right business structure for your company. Partnerships and limited liability companies (LLCs) are two of the most common business structures. So, how do you know which one is right for your business? Understanding the critical differences between these two types of business structures is important to determine which is suitable for… Read More

Deciding to open a business is a major decision that takes a lot of planning. One factor that you need to consider is the type of business structure you want to use. A single business owner may decide to run the company as a sole proprietorship. The issue with this option is that there aren’t a lot of protections with… Read More

Property owners in California often carry multiple different kinds of insurance. The standard homeowner's policy may not adequately protect against unique risks, so people purchase multiple kinds of supplemental insurance along with basic homeowners insurance coverage. Water damage coverage is a common kind of supplemental insurance. After all, issues ranging from municipal system failures to unpredictable weather patterns could cause… Read More

Oftentimes, the success of a business comes down to who your partner is and if they have the skills for the job. It can be tough to evaluate an existing business partnership from a distance, especially if your partner is a relative or your friend – but it’s essential to periodically look at your relationship and see if it’s still… Read More

As a business owner, you have many factors to consider. At some point, it may be appealing to have someone to help with these decisions. This is when you may begin searching for a business partner.  There are important factors to consider before choosing someone for this role. Along with the legal aspects of establishing a partnership, you need to… Read More

When you purchase insurance protection, you have certain expectations. One of those is that in the event of a disaster, your insurance company covers your losses as agreed. After all, you purchase insurance for all of life's "just in case" situations. Suppose you've researched and found a policy that suits your need, and you pay your policy premiums. What happens… Read More

When you open a business, you are required to create a business structure. However, you may not realize that this isn’t something you can’t change.  In fact, there are a few reasons you may want to change your business structure at some point. Some of the reasons it may be time to consider changing your business structure are listed below:… Read More

There are numerous benefits that you can derive from living in a community managed by a homeowner's association (HOA). The HOA likely helps enforce community rules about how people use their property and how they maintain their yards. You know you won't have to worry about loud late-night parties or your neighbor painting their home chartreuse because of the community… Read More

If you own a business, you're likely well aware of the numerous challenges of operating one. But what if the city knocked on your door and claimed eminent domain over your property?  The situation can become a reality for many business owners in cities looking to revitalize certain areas. While there are certainly benefits to redeveloping a neighborhood or community,… Read More

In a time of crisis, your company needs to be able to rely on its business continuity plan (BCP). Whether it's a hurricane that knocks out power for weeks or a data breach that threatens your customer information, having a well-thought-out BCP in place can be the difference between keeping your business afloat and watching it crumble.  Unfortunately, many companies… Read More