Archive for category: Business

6 Types of Business Insurance Coverage That You Need


Why Do Businesses Need Insurance?

The importance of purchasing insurance coverage for your business cannot be overemphasized. Every business is at risk of suffering mishaps that threaten to hinder its continuance; hence, you must be well-protected at all times. Buying insurance for SMEs is a financially wise decision because growing businesses cannot afford to lose their assets. Business insurance covers you under several unanticipated circumstances, including theft, burglary, fire, adverse weather, and personal liability. Your provider pays a sum of money to repair or replace damaged or stolen properties and covers medical expenses should you or a visitor suffer any injuries while on your premises.

Here are the types of insurance coverage that every business must have in place for adequate protection:

Business Liability Insurance

Business liability insurance covers expenses incurred by third parties harmed by your work. Although your customers are most likely to experience harm if your products malfunction, innocent bystanders can also be affected. For example, if your business is using a propane tank and it explodes, having a fire and hazard insurance in place will protect your company’s assets from the resultant expenses. This coverage is non-negotiable in any business; it takes care of the legal expenses if you get sued for damages and hospital bills to treat the injured.

Workers’ Compensation

This policy provides financial coverage for injuries suffered by your employees during their course of work. This type of insurance is mandatory for all California employers. One of the benefits to employees is that this coverage gives them a sense of security and peace if injured at work. If they are injured and unable to work, workers’ compensation ensures that their families don’t have to suffer financial hardships until they are able to resume work.

Business Owners Policy (BOP)

A business owners policy (BOP) protects business owners against damages like fire, wind, vandalism, as well as business liability. This coverage is ideal for any smaller SME.

Commercial Auto

Commercial auto insurance or commercial vehicle insurance covers different vehicles used for business purposes. It does not cover personal vehicles that are used for business purposes. The coverage for this policy depends on the specifications of your business. Your policy can include damage to your vehicle, damage to other people’s property, and injury to others.

Commercial Property

Commercial property coverage. This policy protects your office building and business personal property against damages caused by natural disasters, fire, burglary, and vandalism. It helps prevent out-of-pocket costs for the replacement and repair of damaged or stolen goods or properties.

Commercial Umbrella

Commercial umbrella insurance is added liability protection for your enterprise. This policy kicks in after you have exceeded the coverage limit of your commercial liability policy. It has a significantly higher coverage limit than other policies and acts as excess coverage over an existing liability policy. Without an umbrella policy, you will have to pay out-of-pocket costs for liability claims that cost more than your liability coverage limits.

These are a few types of insurance coverage that you must have in place to protect your business. At Chambers & Company Insurance, our team of experts can help you get the right business insurance coverage to suit your unique needs. To learn more about how we can help protect your business in Camarillo, CA, contact us today!

4 Tips to Protect Your Business From Cybercrime

Protect business from cybercrime

Cybercrime is on the rise. No matter how big or small your business is, online predators and hackers can infiltrate into your world when you use the internet. It’s up to you to protect your business from these risks first by creating a cyber culture that includes several security measures to keep these cybercriminals at bay.  The following tips will help you protect your business from cybercrime.

1.Build a Cyberculture

Building a cyberculture within the workplace involves your employees by helping them protect their electronic devices and safeguard against being hacked. A strong cyberculture and such training effectively shows methods for minimizing risks and increasing security measures. As an employer, it is up to you to get everyone in the company on board. Raising awareness of the origins of cyberattacks and the tactics hackers use to break into your system are important.

2.Use Two-Factor Authentication

Two-factor identification greatly minimizes the risk of cyberattack on both electronic devices and desktop computers. By using both a PIN and a password or a biometric method, like your fingerprint, you can keep your devices secure. The chances of a hacker matching both factors are minimal. Two-factor authentication is simple to use and is much more reliable than a simple password. Using a biometric method like a fingerprint or eye scan can secure your system safely and simply.

3.Use a Reputable Anti-Virus Software Program

Anti-virus programs are much more effective than ever before. Work with your IT department to find the best anti-virus program for your team and your company. Make it available to your employees for their personal devices as well. This protects your business if they happen to use their cell phone or tablet for business purposes. Anti-virus programs are able to identify spyware, malware, and other types of viruses that can wreak havoc on your files as well as your network. With the right anti-virus program, you can prevent the majority of cyberattacks.

4.It’s Everyone’s Responsibility

It only takes one small mistake for a hacker to breach your system and do irreparable damage to your company. Cyber security training should be mandatory for all of your employees so that they understand what cyberattacks look like and what they can do to avoid becoming a victim. Some people may think their role is minimal, but if they use electronics in the workplace, either personal or professional, they can put your entire company at risk.

Cybercrime can be devastating for a small business. If you are looking for ways to protect your business from cyberattacks, talk to your insurance agent for more details. Contact our professionals at Chambers & Company Insurance Brokers today to learn more. Don’t wait until you have experienced a breach. Get the answers you need today so that you can protect your business now.

Is There a Difference Between Professional Liability Insurance and E&O Insurance?

Error Mistake

Understanding Professional Liability Insurance


As a business owner, you may be looking into your insurance options. As such, you may have come across the terms “professional liability insurance” and “errors and omissions insurance”. To the untrained eye, these two policies can appear to be different coverages. If you are not sure what these terms mean for your business, we are here to help.


Professional liability vs. errors and omissions insurance

You may be aware that many industries use the terms “E&O insurance” and “professional liability insurance” interchangeably. Professional liability insurance is a term used to describe the policy covering consultants, engineers, accountants, and architects. E&O insurance is used to describe the policy covering the real estate, technology sectors.


What about coverage?

On a basic level, professional liability insurance covers you when you are accused of not having done your job correctly. Businesses that provide professional services typically need professional liability insurance because those services come with risks. A client could hold your business liable for:

  • Breach of contract
  • Work oversights and errors
  • Providing substandard work
  • Missed deadlines
  • Negligence


If these professional mistakes result in financial losses for your client, they could sue you to recoup the expenses. In this case, professional liability/E&O insurance could help to cover:

  • Attorney fees
  • Court costs
  • Settlements or judgments


Keep in mind that even if you did nothing wrong and the claim against you was unjustified, there can still be huge costs associated with these types of claims.


Protect your business by taking out the right commercial insurance. To find quality insurance for all of your business needs, contact the professionals at Chambers & Company Insurance Brokers.

Common Winter Work Perils and How to Avoid Them

snow on car

Protect Your Business From These Common Winter Work Perils


With winter here, the cold weather brings plenty of risks to employees and business owners alike. With the right preparation and education, you can protect your business and team from common winter work perils. Take a look at these winter issues that businesses face and how to avoid them.


Slips, trips, and falls

Black ice, slick surfaces, and winter debris create a more hazardous environment that causes employees, vendors, and guests to trip and fall. Walkways need to be kept clear as well as stairways and other work areas to ensure optimum safety. Make sure to remove hazards, such as water on the floors and black ice on sidewalks to keep visitors safe.


Employers can avoid costly workers’ compensation claims by creating a proactive safety plan that specifically addresses slips and falls. This can enhance worker safety as well as minimize potential costs from payments out to workers’ compensation claims, government fines, and equipment requirements.


Battling the elements

When working outside in the cold, the risk of injury becomes real. Cold exposure can be a major risk factor for workers and poses long-lasting effects. Make sure that workers are kept warm and avoid staying outside for too long. If there are any signs of hypothermia, get help right away by preventing heat loss.


Are you ready to find the right protection for the festive season and beyond? Talk to the professional team at Chambers & Company Insurance Brokers to determine the right homeowners insurance policy to suit your needs and home today.

Reduce Fall and Winter Property Damage and Insurance Costs

leaves in the falls seasonProtect Your Home This Winter 

With winter on the way, we’re heading into a busy time of year full of holiday parties, festivities, adverse weather, shorter days, and cooler temperatures. Although the most wonderful time of the year can also be the most stressful, there are ways to ensure your home remains in good condition. Below are some common wintertime considerations to keep your home safe and reduce possible insurance risks.

  • Install a home security system

Although the rate of burglaries tends to be lower in winter, break-ins are always a risk. Porch theft is a very real concern, especially during the holiday season. To help minimize these risks, consider installing a home security system – and you could earn yourself a discount on your home insurance!

  • Inspect your roof for damage and leaks

Look for obvious holes and damage (or missing) shingles, but also take some time to comb over the details. Keep an eye out for cracks, leaks, and general wear and tear. Tend to roof issues now before the weather gets worse over winter.

  • Address fire risks

Winter is a prime season for house fires. In fact, more fire deaths occur in December, January, February, and March than any other months of the year. From heaters to cooking holiday dinners to scented candles, there are many fire risks that should be addressed. Take extra care and caution during these months.

Are you ready to find the right protection for the festive season and beyond? Talk to the professional team at Chambers & Company Insurance Brokers to determine the right homeowners insurance policy to suit your needs and home today.

How to Handle a Breach of Data in Your Organization

Data Breach

Managing a Cyber Attack in Your Company 

Cybercrime is on the rise, even if businesses remain ignorant to the fact. All business owners should take preventative measures to secure their business’s operations, data, and security. Both an internal and external plan of action should be created to outline what to do if there’s a data breach in the business. Take a look at how to handle your business in the event of a data breach.

Employee Training

All team members should be prepped on how to spot and deal with potential threats through regular training. It may be helpful to run some test situations with all of your employees to ensure they understand the best practice to keep a business going in the event of a breach.


Your communication department should know exactly what to do if there’s a data breach by means of handling communications across the workforce and externally following a breach.


Staff should not talk to the media if the event of a breach. The CEO and board should notify stakeholders and regulators immediately and then prepare a statement for the public. There’s nothing worse than hearing about a breach from an outside source and losing the faith of loyal consumers.

Technology and Operations

Your IT and operations teams will need to identify the cause of the breach and secure any and all information as quickly as possible. Then they will need to take steps to recover the systems and get things back up and running smoothly again.

The key to handling a data breach is to be as efficient as possible while mitigating damage to your company’s systems and reputation.

Despite your best safeguards, there is always a risk of data breaches. By implementing these practices and securing reliable commercial insurance, you can rest assured that you have the right protection in place. To find quality insurance for all of your business needs, contact the professionals at Chambers & Company Insurance Brokers.

Common OSHA Violations and How to Avoid Them

an office desk Common OSHA Violations and How to Avoid Them

How to Prevent Frequently-Made OSHA Violations

 The Occupational Safety & Health Administration (OSHA) was created to establish safe and healthy working conditions for men and women in their place of work. While the OSHA provides numerous resources and requires certain standards to be met, businesses can still violate their safety standards. To avoid common safety violations, read on.

Top violations:

  • Fall protection
  • Hazard communication
  • Scaffolding
  • Respiratory protection
  • Machinery and machine guarding
  • Electrical, wiring methods, components, and equipment

To help keep your team safe:

  • Light stairwells effectively
  • Install guardrails and toe boards around platforms and dangerous equipment
  • Inform employees of any hazardous material that may be on site and ensure they know how to interpret hazardous material labels
  • Provide safety equipment such as hard hats, goggles, gloves, face masks, safety vets, and more
  • Provide basic electricity safety training to all employees
  • Allow only certified employees to work in areas where falls are safety hazards
  • Make sure employees know what to do if machinery is faulty or broken

 Maintaining proper safety standards can protect your business. Are you ready to find the right business insurance for even more protection? To find quality insurance for all of your business needs, contact the professionals at Chambers & Company Insurance Brokers.

Why Business Interruption Insurance is Important

Business Interruption Insurance is Important

The Importance of Business Interruption Insurance 

Small business owners will not hesitate to buy coverage insurance to protect their entity due to physical damage to the property or liability protection. What if something happened to their business that made it temporarily unusable? Today, too many business owners skip over this fact. Fortunately, business interruption insurance is there to protect their business in a small way.

What is business interruption insurance?

Business interruption insurance is a type of insurance that covers the loss of income that a business suffers after a disaster. If your business is forced to close after a covered disaster, the insurance policy can help you to get back on your feet while you work in a temporary location and continue to make payments. Perils that business interruption insurance cover include:

  • Fire
  • Hail
  • Windstorm
  • Water damage
  • Vandalism
  • Equipment damage

What does business interruption insurance coverage?

Business interruption insurance is designed to cover your finances when your business grinds to a halt because of a disaster. You will be reimbursed for the revenue that you could earn during the closure. It helps to put a business in the same financial position it would have been in if no loss had occurred. This policy covers:

  • Profits: Compensates you for lost income if the business must be vacated due to the disaster. It covers the revenues you would have earned.
  • Temporary location: Some policies cover the expenses for moving and operating from a temporary location.
  • Extra expenses: This policy covers operating expenses, like rent or electricity, that continues even though the business activities are halted.

Are you ready to find the right business interruption insurance to protect your company? To find quality insurance for all of your business needs, contact the professionals at Chambers & Company Insurance Brokers.

Why Business Owners Should Consider a BOP

Why Business Owners Should Consider a BOP

What Every Small Business Owner Needs to Know About a BOP

One of the critical needs of every business owner is choosing the right business insurance. Too much insurance means that money could have been spent elsewhere, too little insurance and you leave your business unprotected. Most small business owners should consider a Business Owner’s Policy, or a BOP, which makes it easy to safeguard your company.

What is a BOP?

A BOP bundles several types of coverages into one easy package. Not only does it help businesses cover all their risks, but it can save owners time and money as it typically costs less than the cost of all the individual coverages combined. A BOP bundles several types of coverage in one package and is designed for small and mid-sized businesses.

What’s included in a BOP?

A BOP typically combines the following coverages in one convenient bundle:

  • Commercial property insurance – Covers losses to property from common perils. It also covers office equipment, furniture, inventory, machinery, and anything else that is vital to business operations.
  • General liability insurance – Provides coverage for bodily injury and property damage to third-parties. It helps to cover attorney fees and medical bills for anyone injured by the company.
  • Business interruption insurance – Reimburses for loss of income if a covered disaster interferes with the successful operation of the business.

What does it not cover?

Even though you can often customize your BOP, there are certain types of coverages that are not included, which you must purchase separately. Generally, crime coverage, data breach coverage, errors and omissions coverage, commercial auto insurance, and workers’ compensation are excluded. Talk to your insurer to determine if you could benefit from these coverages.

Would your business benefit from a BOP? To find quality insurance for all of your business needs, contact the professionals at Chambers & Company Insurance Brokers.

Tips for Identifying a Fraudulent Workers’ Compensation Claim

Tips for Identifying a Fraudulent Workers’ Compensation Claim

Red Flags That Could Signal a Workers’ Compensation Claim is Fraudulent 

As a business owner, it’s important to know how to protect your company from scams. Unfortunately, some employees can make false workers’ compensation claims that cause enormous damage to your business and hinder your company from helping those that need it. Keep in mind these red flags that could indicate an employee is committing fraud.

  • The accounts of the injury are contradictory.

It’s easy to make up a story about how an injury occurred. However, it can be difficult to remember the finer details of a story when it’s fabricated. Filing a claim often means that the employee has to describe the event several times. If each story is not adding up, it could be a sign that they are lying.

  • The timing is coincidental.

Did the injury coincide with employee termination, reprimand, or demotion? If an employee doesn’t feel good about the company, he/she may take advantage of the workers compensation’ system. Likewise, an injury that occurs on Friday but isn’t reported until Monday is highly suspicious.

  • The employee has poor communication.

A tell tale sign that the employee has filed a fraudulent claim is when physicians, caseworkers, or human resource personnel have difficulty contacting them. A truly disabled claimant will be communicative and generally helpful about their case.

Protect your business from falling victim to fraud with these tips! Contact Chambers & Company Insurance Brokers to get started on the right policy for your business and vehicles.