Apartment Building Insurance

Name: Alta Vista Insurance Agency
Address: 2585 Pio Pico Dr Suite 100, Carlsbad, CA, 92008
Telephone: 888-724-2124

Posted on September 3, 2017January 12, 2021 by Seth Arruda

Apartment buildings and rental units face unique risk exposures that have to be carefully weighed, especially in light of what kind of rental income they produce, and the kinds of tenants involved.

This is not the kind of coverage you can hope will be addressed by a cookie-cutter policy. In fact, there are a number of factors that should influence the kind of coverage you opt for, including:

Viability of Air or Heating Systems
Sewer or Drain Issues
Hazardous Construction Materials and Removal
Flood or Earthquake Coverage
Auto Liability
Umbrella Coverage
Property Taxes and Value

At Alta Vista Insurance we can help you customize an Apartment Building policy that addresses all of your liability concerns.

For more information, visit www.avia-apartments.com

What is an X-Mod?

Posted on September 2, 2017January 12, 2021 by Seth Arruda

X-Mod is insurance jargon for “experience modifier” and is a multiplication factor used to adjust base rates on an employers workers compensation premium. When starting out as a new employer, your business may not be experience rated. This means the Workers Compensation Insurance Rating Bureau (WCIRB) has not assigned your business an experience modifier. However, the more expensive your class code (the type of work you do) and the more employees you hire, the sooner the WCIRB will come knocking to evaluate your business.

It is extremely important to manage your loss prevention

Q. What does the WCIRB use to determine the experience modifier?
A. They look at your claims and divide it against your premium, to calculate an average against the average number of workers comp.

Many insurance companies will require that your business have an experience modifier, and that it is within an acceptable range for your class code for them to offer competitive workers compensation insurance rates. Insurance companies are looking for businesses that have lower than average loss experience.

In many cases, if you are new in business, have too high of an x-mod due to losses, or are in a difficult line of work, insurance companies may be reluctant to offer coverage.

To find out how your business can lower your loss experience ratio to get access to better rates, download your free special report, “5 Things Every Business Owner Should Know About Workers Compensation Insurance.”

Links of Interest

Data Breaches Mounting: Reviewing Cyber Liability Coverage

Posted on March 3, 2014January 12, 2021 by George Francis

https://www.youtube.com/watch?v=oZNMq9c6L48

California businesses and government agencies have experienced 300 separate data breaches exposing the personal information of more than 20 million customer accounts. Cyber security is a key focus on our state’s top crime-fighting. Call us today and get your business protected with Cyber Liability Insurance! 1-888-724-2124

Good Afternoon, I’m George Francis President and CEO of Alta Vista Insurance Agency. Today I was going to do an article on “Business Income.” But I changed my mind after reading many articles in the various trade magazines I get, and from looking at a news article in today’s paper from the attorney general for the state of California, Carmella Harris. She indicated in the past year they had 300 separate data breach incidents reported to her office. Which is a 30% increase over 2012. It impacted over 20,000,000 people. And this doesn’t include Target and Neiman Marcus (data breaches), which you know about.

Data Breach impacts smaller companies as well. Our agency had 2 computers impacted by malware where they locked up the computer and demanded that we pay $300 for them to unlock it, or they would destroy the data on the computer. Luckily our IT guy was able to get rid of the (bad) information.

That’s kidnapping. And that happens all the time. But in addition to that, all of the data in your system is vulnerable. So we highly recommend that you talk to your insurance professional, or give us a call because data breach liability insurance is available.

One of the questions that you may want to ask yourself is, “Can you afford $50-$150 to notify every single person in your data base that’s been breached?” It’s a significant amount of money and it’s required.

I want to thank you, and I look forward to talking to you in the future. If you have any questions, please give me a call 1-888-724-2124.

Alta Vista Insurance’s Office Expansion Fun!

Posted on July 9, 2012January 12, 2021 by admin

https://www.youtube.com/watch?v=GX22TLnAWPE

We are expanding our offices into the Suite next door. We thought it would be fun to let you guys see the progress of our new suite expansion! New carpet, new paint, the tenant improvements sure look good!