Updates from the Department of Insurance- the “Legal Stuff”

From our families to yours, we hope this finds you safe, well and healthy. Our sincere thoughts go out to all people affected by this pandemic.

Please visit our blog often for update on information to help you.

Here is a link to the dedicated “Coronavirus” information page that is updated by the California Department of Insurance:

Click HERE to access

If there is anything more we can do to help or support you or anyone you know, here’s 4 easy ways to reach us:

Phone: 951-600-5751
Email: insure@siaonline.com
Text: 951-482-8144
Web chat: www.siaonline.com

PS Please stay safe, well and healthy

 

 

 

 

 

 

Urgent Update for Small Businesses or Self Employed affected by Coronavirus – April 2, 2020

 

From our families to you and yours, our hope is that you are safe, well and healthy. Our positive thoughts and prayers go out to all those affected in any way.

As of April 2,2020, here is the current information to help business apply for Government assistance:

Please do NOT wait to take action or it may be too late.

Overview of the CARES Act for the Small Business Owner  – Great Document

Paycheck Protection Program Application – Also known as PPP

You’ll want to contact your local banking relationship for assistance with the Paycheck Protection Program application submission. If you do not have a banking relationship, please email Mike Stromsoe @ mike@siaonline.com for a referral

Online Application for the Economic Injury Disaster Loan Application – Fully complete online, takes about 10 minutes

If there is anything more we can be doing to help you or anyone you know, please reach out to us @SIATeam

We remain grateful for every opportunity to protect and serve you.

Urgent Update for Small Businesses or Self Employed affected by Coronavirus – March 29, 2020

For the most recent update, please click here.

From our families to you and yours, our hope is that you are safe, well and healthy. Our positive thoughts and prayers go out to all those affected in any way.

If you haven’t seen this information yet, we hope it helps. It’s a great article that answers your questions on the Paycheck Protection Program:

(1)Who is eligible?
(2)For how much and how long?
(3)How is it calculated?
(4)What should you be doing?

Click HERE for the article.

If there is anything more we can be doing to help you or anyone you know, please reach out to us @SIATeam

Stromsoe Cares COVID-19 Update March 26, 2020

Committed to Protecting You and Open to Serve You: Stromsoe Cares COVID-19 Update March 26, 2020

The U.S. Senate passed a $2 trillion Coronavirus stimulus bill designed to provide economic relief to all Americans. The bill is now with the U.S. House of Representatives, and then will go to President Trump for his signature. Officials believe the bill is expected to pass the House and be approved by the White House on Friday.

Included in the bill is the “Keeping American Workers Paid and Employed Act,” which provides $350 billion in loans for small businesses to cover salary, wages, and benefits worth 250% of an employer’s monthly payroll, with a maximum loan of $10 million. Loans will be forgiven for qualifying groups, those who use the loan to keep employees on payroll, pay rent and insurance premiums, and other guidelines in the law. Please tell clients to consult a tax professional for answers to questions.

For a copy of the details before the House, click here.

Businesses with fewer than 500 employees will work with the Small Business Administration (SBA) to get more information and apply for a loan.

Please note: the bill is not yet passed.

COVID-19: Frequently Asked Questions Concerning California State and Local Orders

Your Stromsoe Insurance Agency team members are working remotely to serve and protect you.

Here’s 5 easy ways to reach Stromsoe Insurance anytime:

Phone: 951-600-5751
Email: insure@siaonline.com
Text: 951-482-8144
Web: www.siaonline.com
Payments and claims: https://siaonline.com/payments-claims/

Your understanding that your experience with us may be a little different during this time of uncertainty is greatly appreciated. Although our physical office is closed, our team remains 100% committed to serving you.

Below are resources to help you in these unprecedented times:

Policy Billing:

Below is helpful information to help you navigate keeping your policies in effect through these times:

60 Day Billing Grace Period Notice from Insurance Commissioner

AmTrust Insurance

Hanover Insurance

Hartford Insurance

Kemper Insurance

Liberty Mutual Insurance

Mercury Insurance COVID-19 Update 03-26-2020 and Mercury Insurance Billing

Nationwide Insurance

Progressive Insurance

Safeco Insurance

State Fund Insurance

Travelers Insurance

Business Insurance Resources:

Family First Coronavirus Response Act (FFCRA) – Employee Rights Poster

Webinar about HR, Business and Covid-19

Business Interruption and Delivery Insurance

If you are in need of HR services, please contact us about our proprietary HR program (ThinkHR.com). In this time of need, we are offering this program to help and assist you at no cost to you.

If you need any other assistance, or have questions about insurance or any other subject, please reach out to us. We are here to help and support you, your family and your business in any way humanly possible.

Phone: 951-600-5751
Email: insure@siaonline.com
Text: 951-482-8144
Web: www.siaonline.com
Payments and claims: https://siaonline.com/payments-claims/

We appreciate this and every opportunity to serve you!

With Gratitude,

Mike Stromsoe and Your Stromsoe Insurance Total Protection Team

Stromsoe Cares COVID-19 Update March 24, 2020

Committed to Protecting You and Open to Serve You: Stromsoe Cares COVID-19 Update March 24, 2020

For the latest update, please see Stromsoe Cares COVID-19 Update March 26, 2020.

Your Stromsoe Insurance Agency team members are working remotely to serve and protect you.

Here’s 5 easy ways to reach us anytime:

Phone: 951-600-5751
Email: insure@siaonline.com
Text: 951-482-8144
Web: www.siaonline.com
Payments and claims: https://siaonline.com/payments-claims/

Your understanding that your experience with us may be a little different during this time of uncertainty is greatly appreciated. Although our physical office is closed, our team remains 100% committed to serving you.

Below are resources to help you in these unprecedented times:

Policy Billing:

Below is helpful information to help you navigate keeping your policies in effect through these times:

60 Day Billing Grace Period Notice from Insurance Commissioner

AmTrust Insurance

Hanover Insurance

Hartford Insurance

Kemper Insurance

Liberty Mutual Insurance

Mercury Insurance

Nationwide Insurance

Progressive Insurance

Safeco Insurance

State Fund Insurance

Travelers Insurance

Business Insurance Resources:

Webinar about HR, Business and Covid-19

Business Interruption and Delivery Insurance

If you are in need of HR services, please contact us about our proprietary HR program (ThinkHR.com). In this time of need, we are offering this program to help and assist you at no cost to you.

If you need any other assistance, or have questions about insurance or any other subject, please reach out to us. We are here to help and support you, your family and your business in any way humanly possible.

Phone: 951-600-5751
Email: insure@siaonline.com
Text: 951-482-8144
Web: www.siaonline.com
Payments and claims: https://siaonline.com/payments-claims/

We appreciate this and every opportunity to serve you!

With Gratitude,

Mike Stromsoe and Your Stromsoe Insurance Total Protection Team

Who is the Next Winner in the 2020 Vision Referrals Program?!

Mike Stromsoe – the Insurance Doc and Teammate Travis McMillion are ready to draw the next WINNER in the 2020 Vision Referral Rewards Drawing … And The Winner IS… Daneen Ashworth with Compass HR!

If you know someone who could benefit from our insurance programs, please have them call 951-600-5751 or email insure@siaonline.com and make sure they mention YOUR NAME! You automatically WIN gift cards, prizes AND a donation to your favorite charity! With our 2020 Vision, we will Inspire Happiness in your referrals! If you would like to learn more about the 2020 Vision Referral Program, please visit https://siaonline.com/referral-rewards-program/

YOUR Total Protection Team would like to thank all of our awesome Clients and friends for your kind referrals to our team – Grateful for YOU!!

How To Prepare For Your Insurance Premium Audit

 

An audit of one or more of your business insurance policies is one situation that requires your early and immediate attention.

The scenario with every insurance provider is different. The scenario will be something like this: Your insurance carrier will contact you. They want to conduct a premium audit. You’ve already paid your premiums for the year. Most policies are based on the best estimate of information you can provide at the time your policy is issued or renewed, but that information could change over the course of the policy year. You may end up not paying enough or paying too much for your insurance based on your actual payroll or gross sales or change in business operations.

This is where a premium audit process comes in. Your insurance company will conduct a premium audit after your policy term expires, review your actual business operations, and calculate your final premium. Depending on the size of your operation, an auditor may be able to gather the information they need over the phone, electronically, you may be asked to fill out and return a simple form online or through the mail. For some or larger operations, an auditor may prefer to visit your office and review your records with you. This may take an hour or two of your time depending on the type of business and whether or not there have been changes in your business operations.

The auditor will let you know prior to your appointment exactly what information they will need to review. Having all the requested information ready prior to the meeting will shorten the process. They may ask to review accounting records including payroll, journals, disbursements, invoice reports, sales reports, vendor reports, general ledgers, social security reports, state unemployment forms, or other tax reports. You may also be asked for information about the business entity, ownership, corporate structure, and the business operation. It’s also important to understand any excluded persons from a policy prior to the audit.

Since an audit can encompass such a vast array of data, here are some tips for preparing:

  1. First decide which staff member is best able to work with the auditor. We do not always recommend referring the auditor to a bookkeeper or CPA. No one cares about your business like you do. This should be someone familiar with the work done by all departments and employees and is knowledgeable about the records needed to complete the audit.
  2. Review the appointment letter and prior year’s audit billing statements to familiarize yourself with the data the auditor will be reviewing.
  3. Gather all pertinent accounting records.
  4. Review payroll documents to make sure that they include breakdowns of wages by employee, department, and class code. Breakdowns should also include overtime pay and tips if applicable.
  5. Verify that you have certificates of insurance on file for any subcontractors you may have used. Be sure that the documents show that the subcontractors have their own current workers’ compensation and general liability insurance.
  6. Lastly, ask questions during the audit to clarify anything you do not understand.

Maintaining detailed payroll and sales records for the policy period is the best way to ensure that the audit process goes smoothly. If those records are organized, the audit can be completed with minimal effort. Don’t let a premium audit be a complicated process.

Our goal as your independent insurance agency of choice is to bring awareness and guidance to most situations that may occur with your insurance program. If you have questions regarding the premium audit process and need our assistance before, during or after the audit process, please us know.

Here’s 3 easy ways to reach us:

  1. Call 951-600-5751
  2. Text 951-482-8144
  3. Email insure@siaonline.com

We appreciate this and every opportunity to serve and protect you!

JUNE 2018 ISSUE OF THE PROTECTION COACH

The June 2018 update of Mike Stromsoe’s The Protection Coach® has arrived.  This issue is jam-packed with all the latest news and tips for clients and friends of Stromsoe Insurance Agency.

The Protection Coach® –June 2018 (Click Here to Download)

Inside this edition..                                                                  

  •  Insuring Your Summer Toys
  • Newest Addition…Check it Out
  • Quick Tip:  Inside & Outside Maintenance Checklist
  • Congratulations to Jeff & Melinda Kushner of Pacific West Design, Inc, our Awesome Clients of the Month. Thank you for your continued business.

Are You Our Next WINNER in the Inspiring Happiness By Making A Difference Referral Rewards Program?

Mike Stromsoe, and one of our awesome Protection Coaches, Maritza Ganime are ready to draw the next WINNER in the Inspiring Happiness By Making A Difference in 2018 Referral Rewards Program…

Drum roll please…

Congratulations Kristalynn McDonald!!!

We are so very grateful for all of your kind referrals to our team so far in 2018!  Thank YOU!!!

What more can we do for you?

Gratefully,

Mike Stromsoe and the Stromsoe Insurance Total Protection Team

Are YOU Our Next WINNER?

Mike Stromsoe, The Insurance Doc, and new teammate Jennifer Smith are ready to draw our next WINNER in the Inspire Happiness By Making A Difference in 2018 Referral Rewards Program!

Tune in to find out if you are the next BIG WINNER!

The Total Protection Team would like to thank all of our awesome clients and friends for your kind referrals to our team!! Grateful for YOU!!

If you have any questions or comments, please just let us know.  You can reach our friendly team at 951-600-5751 or email insure@siaonline.com.

What more can we do for you?

Gratefully,

Mike Stromsoe and the Stromsoe Insurance Total Protection Team