Follow a manual added link
Reach out
6790 Embarcadero Ln, #100
Carlsbad, CA 92011
Main Line: 760-376-9090
Peter’s Direct: 760-376-9091
Fax to Email: 760-376-9099
News & Insights
Updates, clarifications, news and guides. Useful resources for business owners and individuals.
Menu
© 2022 Apex Commercial Insurance Services
Headquarters
6790 Embarcadero Ln, #100
Carlsbad, CA 92011
Main Line: 760-376-9090
Peter’s Direct: 760-376-9091
Fax to Email: 760-376-9099
site design by digitalstoryteller.io
Why Commercial Property Insurance Premiums are on the Rise
/in NewsIf you’re a real estate investor or owner, you may have noticed a significant increase in insurance costs compared to previous years. In fact, Quarter 3 of 2022 marked the 20th consecutive quarter of increased commercial property insurance premiums, according to the Council of Insurance Agents and Brokers (CIAB). The average premium increase across all […]
Does Commercial General Liability Insurance Cover Theft?
/in NewsCommercial general liability insurance is an essential part of any insurance plan. Why? General liability insurance is crucial in protecting your business.
If someone claims that your business caused them harm or loss and they take legal action against you, that action can cost your business plenty in defense costs and payments for damages.
Renewals: How to Find Savings and Missing Coverage
/in NewsIf your business has changed over the past year, you run the risk of potentially overpaying for coverage or leaving your business underinsured.
During the business insurance renewal process, business owners have the opportunity to work with their insurance agents to determine if their insurance policies are still providing the coverage they need at the best available price.
Watch the video below as Peter Katkov, the founder of Apex Risk and Insurance Services, explains the Apex Proven Process: a method of analyzing your business to determine exactly what your insurance is (and isn’t) protecting. We want you to understand your insurance and use it as a tool.
Let’s Talk National Disaster Coverage: Are You Covered for Named Storms?
/in NewsIn the last few years, we’ve seen a spike in the number of natural disasters, such as earthquakes, storms, and hurricanes. With hurricane season just barely coming to a close while Hurricane Ian swept through communities and caused tremendous damage, many business owners may be wondering: what happens if an event like this hits my business? What am I covered for? What will happen next?
January 1st Rate Filings Update: Why Insurance Rates Are Increasing
/in NewsInsurance rates are rising; from workers’ compensation to global property insurance to cyber security insurance, insureds can’t help but notice a spike in prices.
Why are insurance rates increasing? Several factors have contributed to this rise, ranging from inflation, ongoing supply chain disruptions and the labor shortage. Let’s dive into why.
Does My Business Need Workers’ Compensation Coverage?
/in NewsIn this article, we’ll answer all these questions and more. Let’s dive in.
How to Choose a Cyber Insurance Policy
/in NewsA cybersecurity breach can be detrimental to a small business. In fact, according to the National Cyber Security Alliance, 60% of small businesses that are targets of a cyberattack close within six months.
In their 2021 report, the Government Accountability Office found that more insurance clients are opting-in for cyber coverage—up from 26% in 2016 to 47% in 2020. At the same time, U.S. insurance entities saw the costs of cyberattacks nearly double between 2016 and 2019.
There are some important factors to consider when choosing the right cyber insurance for your business. Consider these variables so you are sure you acquire the right coverage for you.
Your Small Business’s Guide to Employment Practices Liability Insurance (EPLI)
/in NewsWith more workers returning to work in person, the number of employment practices liability insurance (EPLI) claims is rising.
In fact, research from the Equal Employment Opportunity Commission (EEOC) shows that EPLI claims have increased annually since 2003, with 37,632 workplace retaliation claims filed in 2020—and more rising in 2022.
Your Comprehensive Commercial Insurance Renewal Checklist
/in NewsTrust us – you don’t want to skip your annual commercial insurance renewal. Why? If your business has changed over the past year, you run the risk of potentially overpaying for coverage or leaving your business underinsured.
During the business insurance renewal process, business owners have the opportunity to work with the
Why Some Properties are Getting Too Expensive to Insure
/in NewsMany Americans are experiencing rising home insurance premiums and in extreme cases, some properties are becoming too expensive to insure. How can this be the case? Properties in disaster-prone states have experienced a surge in premiums due to factors including climate change.
What You Need to Know About Changes to Cyber Insurance
/in NewsThe world of cyber insurance has gone through a slew of changes in the past five years. Why? There has been an exponential growth in the number, scale, and technique of cyber attacks. Each of these increases has led to an increase in demand for cybersecurity insurance, a consequential increase in premiums as well as some other adjustments.
Let’s go over the basics of cyber insurance so we can understand the impact of these changes.
Small Businesses: Your Guide to Workers’ Compensation
/in NewsAdopted in most U.S. states nearly a century ago, workers’ compensation insurance is the oldest American social insurance program. Since then, workers’ comp has become required in nearly all states as soon as a company hires its first employee.
In this guide for small businesses, we’ll review all the information that small business owners need to know to get started with workers’ compensation insurance.