Insuring Your Intangible Assets

Our heavy technological dependence has created an increased need for protecting our business’ intangible assets in a unique way. Recent mass data breaches have proven the importance of purchasing a cyber-liability insurance policy. With nearly all of our client and company data saved online, we must find a way to protect our most valuable information adequately.

Advancements in technology mean that most US businesses will be able to host their company data on third-party sources in order to receive full protection. As many companies currently share servers, problems are arising where multiple companies and clients can suffer in the event of one data breach.

When choosing the right type of insurance to adequately protect your business, it is important that you read through the various coverage options to ensure that your intangible assets are protected. Many insurance providers will strictly prohibit coverage from third-party networks or cloud computing. Instead, you should only purchase policies that clearly define their limits and coverage options so that you do not wind up with any unpleasant surprises.

As a relatively new form of insurance, cyber liability insurance is constantly evolving. Insurance providers are still determining how to provide coverage for these new risks. While you may be thinking of hosting your data in the cloud to reduce your risk factors and decrease the cost of housing data, you may find yourself vulnerable to cyber-attack. Before making any final decisions, speak with your insurance provider to ensure that your biggest investment is adequately protected.

Stromsoe Insurance Agency is available for all of your Murrieta, California business insurance needs. Contact us today and allow us to provide you with the peace of mind knowing your business is adequately protected. We are available to answer any and all of your questions around the clock.

 

How Traffic Violations Affect Your Insurance Premium

While many drivers are well aware that getting a speeding ticket affects both their bank accounts and insurance premium, many are unaware of how other moving violations impact those numbers. Research shows that one moving violation can increase your insurance premium up to 93%. That means the rate you have been working so hard to earn with multiple discounts is gone, and you are now forced to pay nearly double. Compiled is a list of the top 7 most expensive moving violations that affect your insurance premium:

Top 7 Most Expensive Violations Include:

  1. DUI – 93% Increase in Insurance Premium
  2. Reckless Driving – 82% Increase in Insurance Premium
  3. Speeding – 30% Increase in Insurance Premium
  4. Careless Driving – 27% Increase in Insurance Premium
  5. Failure to Stop – 19% Increase in Insurance Premium
  6. Failure to Yield to Pedestrians – 19% Increase in Insurance Premium
  7. Driving in a Carpool Lane – 18% Increase in Insurance Premium

Like most things, each state varies on premium increases following a moving violation. California tends to take the spot for the most expensive premium increases. The numbers compiled above represent a nationwide average. Likewise, the amount your insurance premium increases also depends on your insurance provider. Some insurance providers forgive your first moving violation but penalize you more for your second violation. There was an obvious forgiving trend in those who have all of their insurance policies bundled with one insurance carrier.

Stromsoe Insurance Agency is available for all of your California auto insurance needs. We can help you determine how your recent moving violation will affect your insurance premium. Contact us today and allow us to provide you with the peace of mind knowing your mode of transportation is adequately protected. We are available to answer any and all of your questions around the clock.

Insuring Your Home-Based Business

As the commonality of home-based business continue to rise, it is becoming increasingly more important to make sure that your business is adequately protected. Many business professionals that run their business from their home are misinformed and assume their assets will be covered under their existing homeowners’ insurance policy or business insurance policy that applies in the office. However, depending on your line of work, you may need additional coverage in order to receive full protection.

If you answer yes to any of the following questions, you may need to purchase additional coverage:

  • Does your standard homeowners’ insurance policy have a limit in coverage of business equipment?
  • Do you work from home on a regularly basis as opposed to your office at work?
  • Do you ever conduct business in contacts’ homes or allow contacts or employees to visit your home?
  • Is any of your business data stored at home?

Typical Home-Based Business Insurance Policies Include:

  • Rider to a Homeowners/Renters Insurance Policy – This is the least expensive option because it only provides limited additional coverage. If your business is run by a one-man operation system with limited liability exposure, this may be the perfect choice for you.
  • In-Home Business Policy – This will offer you coverage for business liability protection, and replacement of lost income from fire, theft, or any other disaster. This will act as a single policy, eliminating any gaps or duplications in coverage.
  • Business Owner’s Policy (BOP) – This will over you the most comprehensive coverage, protecting you from unexpected business interruption, damage to data or business equipment, and protection from malpractice or professional liability claims.

Stromsoe Insurance Agency is available for all of your California business insurance needs. Contact us today and allow us to provide you with the peace of mind knowing your assets are adequately protected.

Operation School Bell

Established in 1989, Operation School Bell has been able to provide clothes for over 25,000 children in need. This philanthropic program strives to enhance self-esteem, promote learning, and encourage regular school attendance.

The Lake Elsinore, Murrieta, Menifee, and Temecula School Districts have joined forces to give children in need the attention they deserve. We accept referrals by district health clerks as well, providing any child with the clothing they need.

Teaming up with Kohl’s stores in Temecula, Murrieta, and Menifee, and the Target in Lake Elsinore, we have come up with a program that helps children get clothing for the school year. This “shopping event” allows children to attend their appointment time with their parents and spend $125 for necessary school appropriate items. The only thing we expect in return is a smile on each child’s face. One of the most disheartening things is to hear a child say they have never owned clothing they can call their own.

Our Save Our Schools (SOS) program has helped multiple preschool students from Head Start, State Preschool, and Special Education Preschool in the Temecula, Murrieta, Menifee, and Lake Elsinore School Districts. Any child in need receives a duffle bag filled with hygienic items and a change of clothing.

Operation School Bell strives to provide children with the attention they deserve and clothing on their backs. As long as children leave happy with big smiles on their faces, we can sleep at night knowing we have done a good thing.

Stromsoe Insurance Agency is available for all of your California insurance needs. Contact us today and allow us to provide you with the peace of mind knowing your assets are adequately protected.

10 Summer Heat Safety Tips

Rising temperatures can be enjoyable if you are lucky enough to spend it in the pool. Chances are, you’ll have to venture away from water at some point this summer. Consider these 10 basic safety tips to beat the summer heat:

  1. During the hours of 10:00am and 4:00pm, the sun’s rays are strongest. Therefore, if possible, you should stay inside with the air conditioning and avoid direct sunlight.
  2. Switch your sheets and covers to lightweight, breathable ones to avoid overheating in the middle of the night.
  3. When you venture outside, be sure to put lightweight, breathable clothing of light hues.
  4. Hydrate, hydrate, hydrate! Many of us forget the importance of drinking water every twenty minutes throughout the entire day, especially when we are busy having fun. Bring a reusable water bottle with you everywhere you go so that you can constantly be reminded of the importance of hydrating.
  5. Avoid drinking alcoholic beverages and carbonated or caffeine filled drinks during extreme temperatures. These ingredients will only dehydrate you.
  6. Only exercise during the early morning hours or late at night to avoid overheating in the extreme temperatures.
  7. Avoid using the oven and stove during hot days. Using these appliances will generate heat that will rise and travel throughout your entire home.
  8. Before taking your dog on a walk, be sure to feel the ground and asphalt beforehand to determine if the hot ground would burn the pads of your pup’s feet.
  9. Keep blinds and curtains closed throughout the day so that your home doesn’t warm up from the direct sunlight.
  10. Most importantly, know your body and seek immediate medical attention if you are feeling the symptoms of overheating or heat exhaustion.

Stromsoe Insurance Agency is available for all of your California insurance needs. Contact us today and allow us to provide you with the peace of mind knowing your assets are adequately protected.

5 Ways to Prevent Burglary While on Vacation

As you plan for your vacation there are a variety of measures that must be taken before your big journey. Packing the perfect outfits, planning how you will get to you destination, and where you will sightsee are likely top on your list of priorities. However, have you begun planning how you will protect your home while you are away? Criminal activity skyrockets during the summer months because criminals have become experts at determining which homes have been left vulnerable. Burglary prevention is simple when you plan properly. Consider these 5 helpful tips to ensure that you do not return from your vacation with unpleasant surprises:

  1. Arrange for a close friend or neighbor to check on your house periodically. You will want this trusted person to check your mail, pick up your daily newspaper, and change the position of your car every few days. Piling up mail and newspapers screams empty home.
  2. If you will be going on a long vacation, you may want to notify the local police station so that they can parole the area periodically.
  3. As tempting as it may be, refrain from posting any vacation plans on social media. Those who post their departure and return dates on Facebook or Twitter often return to unpleasant surprises. Criminals know how tempting it is to inform your friends of your 2 week trip to the Bahamas so they look for those signs.
  4. Set timers on your lights and television so that it appears that someone is home.
  5. As simple as this may be, make sure all windows and side doors are locked. Criminals prefer houses that are easy to burglarize and require little effort.

Stromsoe Insurance Agency understands the importance of protecting your most valuable investment – your home. Contact us today for all of your California homeowners’ insurance needs. Allow us to provide you with the peace of mind knowing your home is adequately protected.

Why Fireworks On The 4th?

If you have ever sat through an American history course, you are likely familiar with the story behind our country’s independence. On July 4th, 1776 the members of the Continental Congress gathered around Thomas Jefferson’s document, and endorsed the Declaration of Independence. Every year we celebrate this glorious day with the colors red, white, and blue- the colors of our nation’s flag. However, few know why we choose fireworks to commemorate the holiday!

Fireworks have had many uses throughout history. In China, they were first created for military purposes by attaching tiny packs of gunpowder to the end of a burning fire arrow. They were simply redesigned military weapons when first used for entertainment purposes. Fireworks grew in popularity at celebrations during the Renaissance era. Famous figures from history such as Peter the Great, and King Louis XIV were actually quite the firework connoisseurs.

But why did we begin to use them in America for this occasion? The reason is because of one man- John Adams, who would later go on to serve as our country’s president. Historians found a letter written from Adams to his wife, describing his plans for the July 4th celebration. His vision was made up of games, sports, bells, bonfires, and lastly a fireworks show. The first firework celebration was ignited on July 4th, 1777 in Pennsylvania. This was the one-year anniversary of America’s independence from Britain. The tradition has carried on, making it so that on the 4th, fireworks are heard everywhere from large cities to small suburban neighborhoods.

Stromsoe Insurance Agency would like to wish you, and your family a safe, and happy 4th!