Business + Real Estate by Ruth Stroup
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Business + Real Estate by Ruth Stroup
Ruth Stroup Insurance Agency support real estate professionals and businesses with a variety of insurance resources to protect your assets as you grow. Contact us today to learn how we can support you, come visit us at: 3560 Grand Ave, Oakland, CA 94610 • (510) 874-5700  • http://stroupinsurance.com
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Motivation + Advice from Successful People (video) 

Hey Absolute Motivation Family! Here is episode 6. This episode is about intentional focus, perspective, fulfilment and time management
Ruth Stroup Insurance Tips's insight:

Some powerful motivation for you to super-charge your Wednesday morning! Enjoy and share

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Now's the Time to Invest in '80s-Era Classic Cars

Now's the Time to Invest in '80s-Era Classic Cars | Business + Real Estate by Ruth Stroup | Scoop.it

Thirty years ago, a person of means could walk into an import car dealership, drop a sum that would double the average annual household income, and drive out with a grand touring coupe—a two-door, four-seater powered by a prodigious, smooth, naturally aspirated engine. These luxurious cars coddled passengers in leather at triple-digit speeds while still making the twists and turns of the road with ease.

American car companies produced their own version of the grand touring vehicle, such as the Cadillac Eldorado and Lincoln Mark VII—as well as “personal luxury coupes,” the Buick Riviera and Chrysler Cordoba. Slightly smaller and less expensive import vehicles such as the BMW 6-Series, Lexus SC400, and the Acura Legend Coupe were also popular among managers, real estate agents, and legal professionals.

But if you are talking about the holy trinity of the 1980s touring car, they are the Jaguar XJ-S, Porsche 928, and Mercedes 560. These vehicles were built as flagships, the pinnacle of performance and technology. These cars were for wealthy executives, country club members, and people on the board of directors, and they communicated class and sporting elegance loud and clear.

Today, most contemporary carmakers have pulled out of the big GT coupe market, but the 1980s dream of imperious personal luxury survives.

Youth Market

“Younger buyers are coming into the market, so we’re seeing more people who remember these vehicles as aspirational from their youth but now have the capacity to purchase them,” says Jonathan Klinger, communications manager for vintage vehicle insurance and valuation company, Hagerty. “And we’ve had such dramatic price increases in cars like Ferraris and Porsche 911s that people were priced out and started looking at other options.”

As values increase, it makes sense to rescue one and revel in it.

 
Ruth Stroup Insurance Tips's insight:

Investing in classic cars can be a great investment, what's your favorite 80's Car?

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Top 10 Employment Discrimination Claims in 2016

Top 10 Employment Discrimination Claims in 2016 | Business + Real Estate by Ruth Stroup | Scoop.it

The U.S. Equal Employment Opportunity Commission (EEOC) said it resolved 97,443 charges of employment discrimination in fiscal year 2016 and secured more than $482 million for victims of discrimination in private, federal and state and local government workplaces.

Charges of employer retaliation, racial bias and discrimination due to disability were the most common charges.

The top 10 employment charges handled by EEOC in 2016, in descending order, were:

  • Retaliation: 42,018 (45.9 percent of all charges filed)
  • Race: 32,309 (35.3 percent)
  • Disability: 28,073 (30.7 percent)
  • Sex: 26,934 (29.4 percent)
  • Age: 20,857 (22.8 percent)
  • National Origin: 9,840 (10.8 percent)
  • Religion: 3,825 (4.2 percent)
  • Color: 3,102 (3.4 percent)
  • Equal Pay Act: 1,075 (1.2 percent)
  • Genetic Information Non-Discrimination Act: 238 (.3 percent)

The percentages add up to more than 100 because some charges allege multiple bases.

Source: EEOC

Ruth Stroup Insurance Tips's insight:

DYK - The leading discrimination claims for last year, #1 Retaliation at 45% then #2 Race #3 Disability...

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'Hidden Figures’ inspires Clorox to pitch Oakland girls on STEM careers 

'Hidden Figures’ inspires Clorox to pitch Oakland girls on STEM careers  | Business + Real Estate by Ruth Stroup | Scoop.it

Clorox scientists spent a recent morning urging 60 high school girls, many of them of color, to consider careers in science, technology, engineering and math.

The program at the company’s R&D facility in Pleasanton featured five Clorox scientists — all women, four of whom are black. The scientists discussed with the students how they got into the sciences and shared some of the challenges they faced along the way.

The program was the first of its kind at Clorox, which worked with several Bay Area nonprofits to put on the event, including Earth Team, Mentoring in Medicine, Alternatives in Action and the East Oakland Youth Development Center, led by President Regina Jackson.

The Oakland-based consumer products giant has deep roots with the East Oakland Youth Development Center. Former Clorox CEO Robert Shetterly, who took the helm in 1968, was a key supporter of the Oakland nonprofit in its early days.

The panel discussion kicked off with the scientists discussing how they chose careers in science.

“I like to say science chose me. I was always naturally curious about what was going on in the natural world. I fell in love with bacteria,” Clorox scientist Annette Angus, who got her undergraduate and doctorate in microbiology, said.

“My job is to kill the bad bacteria,” Angus said. “Everyday I have to think like a microbe. How are they going to try to survive? How are they going to move?”

Another scientist, Maisha Gray-Diggs, group manager focused on kitty litter and charcoal innovation, said she opted for a science career after initially entering the Massachusetts Institute of Technology as a pre-med student. “Once I fainted at the sight of my own blood, I thought maybe pre-med’s not for me.

“Science provided a lot of opportunities to me,” said Gray-Diggs, who focused on scientific research into metals and ceramics in college.

“I became a materials girl,” she quipped. “When I got my PhD, I didn’t think I’d spend my days focused on pee and poop.”

Ruth Stroup Insurance Tips's insight:

Awesome when a movie can inspire real actions in our local community of Oakland and beyond!

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Business Owners Being Sued Under the "Americans with Disabilities Act"

Business Owners Being Sued Under the "Americans with Disabilities Act" | Business + Real Estate by Ruth Stroup | Scoop.it
California Laws - Dennington explained the two applicable statutes: the California Disabled Persons Act and Unruh Act, and both allow for statutory damages and compensatory damages. The Unruh Act provides for statutory damages of $4,000 per offense and the California Disabled Persons Act is $1,000 per offense.

“A lot of plaintiffs sue under the Unruh Act,” said Dennington. “Construction-related defect claims, there’s some ability if you get your property inspected by a certified access specialist and make the corrections…They’re very complicated rules, but there’s some way to lessen the maximum damage, or the $4,000 damage, to a $1,000 offense if you get it corrected within I believe it’s 120 days.

There has been litigation on what “per offense” actually means, said Dennington.

Americans with Disabilities Act (ADA) Title III lawsuits are up 63 percent over 2015, according to law firm Seyfarth Shaw.

ADA Title III prohibits businesses open to the public from discriminating on the basis of disability. The act applies to a variety of businesses and restaurants, including warehouses, movie theaters, schools, office buildings, day care facilities, doctors’ offices and any new construction of same must comply with the ADA construction standards.

 

Americans with Disabilities Act (ADA) Title III lawsuits are up 63 percent over 2015, according to law firm Seyfarth Shaw. ADA Title III prohibits business

Ruth Stroup Insurance Tips's insight:

TIP: “Negotiate a settlement because the cost of the litigation is typically much greater than what they can do in terms of settling the case." Advise from an ADA Insurance attorney

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What’s a 51 Percenter? (And Why Your Business Needs More of Them)

What’s a 51 Percenter? (And Why Your Business Needs More of Them) | Business + Real Estate by Ruth Stroup | Scoop.it

While getting her doctorate in Organizational Behavior at New York University in the 1990s, Susan Reilly Salgado studied and wrote her dissertation on the success of famed restaurateur Danny Meyer — specifically, the secret sauce behind Meyer’s loyal restaurant staff. Meyer, founder of such notable restaurants as the Gramercy Tavern and Shake Shack, had a reputation for being one of the best in the hospitality business. As a frequent diner at Meyer’s first restaurant, the legendary Union Square Cafe, Salgado could see the results: happy employees who stayed with the company for longer periods than typical restaurant staff, and outstanding service.

“I kept hearing stories from USC employees about how great the company was, that they loved coming to work. For me, these were key indicators of the culture of an organization,” says Salgado.

In 2010, Salgado’s research became the foundation for Hospitality Quotient(HQ), the organizational consulting arm of the Union Square Hospitality Group’s 12-restaurant, 2,000-employee empire. As co-founder and managing partner of HQ, Salgado has helped companies such as Merrill Lynch and Delta Airlines adapt Meyer’s hospitality style to their workplace.

“It’s amazing how easily the principles of hospitality translate to every single business out there,” says Salado. “When you create a great place to work, you can become a place that does great work.”

“Culture exists in any group of people — it just happens. The question is whether it’s actively managed or ad hoc,” Salgado says.

From her years of experience with HQ, Salgado knows what makes employees tick and what makes them stay in one of the toughest businesses with the highest employee turnover rates. According to the Bureau of Labor Statistics, employee turnover in the hospitality and leisure industry, which includes restaurants, was 73 percent in 2015. Compare that to industries with the second and third highest turnover rates­ — 60.9 percent for the business/professional services industry and 56.1 percent for the construction industry in the same year — and it’s easy to see why what Salgado is doing is good for business. Here, Salgado details three steps to help keep employees and create a work environment that makes them want to stay.

1. Own Your Company Culture

“Culture exists in any group of people — it just happens. The question is whether it’s actively managed or ad hoc,” says Salgado.

 

Ruth Stroup Insurance Tips's insight:

Hire more... 51%ers people who lean slightly more toward emotional intelligence than job skills on a 100-point scale. They are optimistic, warm, self-aware in how they come across to other people, and empathetic — they can put themselves in another person’s shoes and be on their side. We look for them for our team!

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Check out: Oaklandhasjobs Job Fair on Sept. 21st

Check out: Oaklandhasjobs Job Fair on Sept. 21st | Business + Real Estate by Ruth Stroup | Scoop.it

Opportunity knocks at our third Oaklandhasjobs Job Fair!

Meet with employers in person, learn about open positions, and apply on the spot. Speak with representatives and hiring managers from local businesses, including:

  • Aerotek Staffing
  • AIL Insurance 
  • Amazon (OnCourier365)
  • The Bread Project
  • Chipotle
  • City of Oakland
  • Claremont Club & Spa
  • Clutter, Inc.
  • Costco
  • Cypress Security
  • Farmers Insurance
  • Harborside Health Center
  • Jamba Juice
  • Oakland Unified School District
  • PeopleReady
  • Safeway
  • Target
  • Tesla (Volt Staffing)
  • THC Staffing
  • UC Berkeley (CalDining)

Make connections and learn marketable skills from Laney Career Center and NPower! In addition to prospective employers, there will be resume review tables. Please dress professionally and bring an updated resume.

Follow Oaklandhasjobs on Instagram for daily postings of local job opportunities.

Ruth Stroup Insurance Tips's insight:

Need a New Job? Check out the OaklandHasJosb Fair on Wed. Sept. 21st from 2-4pm at Bradley Walters Community Room

125 14th St. Oakland 94612
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Floods, Fires, and the Insurance Homeowners Need but Don't Get

Floods, Fires, and the Insurance Homeowners Need but Don't Get | Business + Real Estate by Ruth Stroup | Scoop.it

The heavy rains that pounded Southeastern Louisiana and the wildfires that have broken out through California over the past few days have taken a heavy toll in emotional and financial destruction.

In Louisiana, nearly a dozen people have died, coffins have floated down streets, and about 40,000 homes have been affected by the floods. Meanwhile, tens of thousands of California residents have been evacuated from their homes as the fires burn. Yet many of those affected aren’t covered by insurance for this type of natural devastation.

–– ADVERTISEMENT ––
 

In fact, most home and business owners in the worst-hit, Gulf Coast communities don’t have flood insurance. Just 20% of Louisiana homes carried the insurance in July 2015, according to the Federal Emergency Management Agency.

In the East Baton Rouge Parish, just one in eight of the roughly 192,436 households are covered by the policies, according to The Advocate. In nearby Livingston Parish, only 22%, or about one in five, of buildings carried coverage beyond what is provided by their homeowners insurance. And a measly 1% of property owners in St. Helena Parish and 12% in Tangipahoa Parish are insured against flooding.

FEMA declared those and 16 other parishes federal disasters. More may soon join the list. Homeowners in neighborhoods where flood insurance wasn’t required are now eligible for up to $33,000 in government grants.

 

Ruth Stroup Insurance Tips's insight:

Devastation caused by the flooding in Louisiana is already heartbreaking...what's even worse is that most homeowners don't have flood insurance." Contact us to help you out today!

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2 Mississippi Communities Declared Ineligible for Federal Flood Aid

2 Mississippi Communities Declared Ineligible for Federal Flood Aid | Business + Real Estate by Ruth Stroup | Scoop.it

As thousands of south Louisiana flood victims apply for disaster assistance, residents of two Mississippi communities have been told they are not eligible for assistance.

Mississippi Emergency Management Agency spokes tells The Natchez Democrat the damage in Crosby and Centreville wasn’t enough to meet the criteria for a federal declaration of disaster.

 

Crosby Mayor William Hall said he is disappointed that the community isn’t eligible, but he is not giving up.

Flynn said MEMA and the state are working on several available options to help Crosby residents.

He said the state will also use leftover funds from the Hurricane Katrina Cottage Sales program to help buy building supplies to repair houses in Amite and Wilkinson counties. Flynn says about $250,000 will be used.

As thousands of south Louisiana flood victims apply for disaster assistance, residents of two Mississippi communities have been told they are not eligible

Ruth Stroup Insurance Tips's insight:

Insurance is the only surefire way to have financial support for disasters like floods!

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Michael's Long Road Back Story

Michael's Long Road Back Story | Business + Real Estate by Ruth Stroup | Scoop.it

At 26, Michael Sizemore was living two of his dreams. Ever the athlete, he was training to participate in his first marathon. And he was enjoying his new position advocating for the unemployed and disadvantaged in his community through the nonprofit organization where he worked. After years of study and earning his masters degree in public administration, he felt prepared to start his life’s mission of helping others.

Both those dreams came crashing down around him one night while he was out with friends. As they were walking across the street, a drunk driver ran a red light at high speed and hit Michael.

His injuries were so severe, including major head trauma, that doctors were unsure if he would survive. He was placed in an induced coma and his parents rushed to his side. There were countless surgeries to treat his head injuries, repair his shattered legs and address the multitude of other injuries he suffered.

Through strength, determination and a lot of rehabilitation, Michael is improving every day, including being able to walk again. But during the three years it has taken, he has been unable to return to work. Instead, he has relied on the long-term disability insurance he had through work, which replaces a percentage of his salary. With it, he’s been able to pay his rent and utilities, and afford to keep his truck.

While his life will never be as it was before, Michael is hopeful that he’ll be able to work again soon. And he credits his disability insurance with helping him get there. “I’m still rebuilding my life and myself,” he says. “My disability insurance has been key. I wouldn’t be where I am without it.”

At 26, Michael Sizemore was living two of his dreams. Ever the athlete, he was training to participate in his first marathon. And he was enjoying his new

Ruth Stroup Insurance Tips's insight:

Inspiring story about Michael, who was hit by a drunk driver and working hard to recover! #neverbackdown

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Start-Ups could help insurers improve relationships with their customers!

Start-Ups could help insurers improve relationships with their customers! | Business + Real Estate by Ruth Stroup | Scoop.it

Only 27 per cent of consumers surveyed by PwC and Startupbootcamp InsurTech said they trusted their insurance providers, and less than half would ask them for advice.

But 35 per cent of more than 1,300 start-ups surveyed prioritized improving customer experience, and the report suggested this expertise could be put to good use to help insurers.

In return, start-ups would benefit from insurers’ vast industry knowledge and insights.75 per cent of 79 senior executives at insurance firms said they felt the largest impact on their industry would come from creating services and products that developed and were adapted to the ever-changing requirements of customers.

Ruth Stroup Insurance Tips's insight:

Learn about  as start-ups that could help insurers to improve their relationships with their customers and offer more personalised products and services to them!

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Dram Shop Laws at Bars, Restaurants Responsible for Patrons’ Actions 

Dram Shop Laws at Bars, Restaurants Responsible for Patrons’ Actions  | Business + Real Estate by Ruth Stroup | Scoop.it

Dram shop laws allow establishments like bars and restaurants that sell alcohol to be held accountable for damage or injury caused by their patrons. There are 41 states with dram shop laws to varying degrees. Those states without dram shop laws are Delaware, Kansas, Louisiana, Maryland, Nebraska, Nevada, South Dakota and Virginia.

Dram shop cases can be very costly. For example, in New Jersey, the court awarded $135 million to the family of a child who was paralyzed in an accident caused by a drunk driver. The international food and beverage company who served the visibly drunk patron shared in the liability of the injury.

Two new cases have recently popped up in the news reminding us once again how prevalent and costly these lawsuits can be.

There was the widely reported case of former NFL player Brian Holloway’s son Max who died after he lost control of his vehicle last October and crashed into a house. His parents filed a lawsuit against the Florida restaurant their son frequented the night of the accident and where he was a regular customer, stating the employees knew he was addicted to alcohol but served him anyway.

In another case a woman is suing the Marriott Starr Pass Resort in Tucson where her husband was staying. After becoming intoxicated at the resort bar he fell and injured himself. Workers dressed his injuries and got him back to his room. At some point he fell and struck his head against the wall and was found dead the next day.

To help mitigate the risk of a potential lawsuit restraint and bar owners and managers should take the following steps:

  • Know your states dram shop laws
  • Always request proof of age
  • Never serve a person who appears to be intoxicated
  • Never serve someone after the bar or restaurant is closed
  • Never serve someone a drink that could potentially intoxicate them as a result of the amount of alcohol the drink contains
  • All servers should attend an approved server education course
  • Encourage customers not to become intoxicated
  • Promote nonalcoholic beverages in the bar or restaurant
  • Encourage the use of taxis or other ride-sharing options

Drinking alcohol is a personal choice, and it may seem unfair that bar and restaurants owners can be liable for accidents and injuries that occur because someone chose to drink at their establishment. However, dram shop laws make it clear that owners of a bar or any other business that sells alcohol can be held legally responsible for what their customers do after they’ve been drinking.

Dram shop laws allow establishments like bars and restaurants that sell alcohol to be held accountable for damage or injury caused by their patrons. There are 41 states with dram shop laws to varying degrees. Those states without dra

Ruth Stroup Insurance Tips's insight:

"Dram shop laws allow establishments like bars and restaurants that sell alcohol to be held accountable for damage or injury caused by their patrons. There are 41 states with dram shop laws to varying degrees."

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After interviewing 100 entrepreneurs, a CEO found all of the most successful women had 'given up' on the same idea

After interviewing 100 entrepreneurs, a CEO found all of the most successful women had 'given up' on the same idea | Business + Real Estate by Ruth Stroup | Scoop.it

Successful women entrepreneurs don't seek work/life balance - Business Insider

While writing her new book, "In the Company of Women," entrepreneur Grace Bonney interviewed over 100 women who run their own businesses.

 

On an episode of podcast So Money, she told host Farnoosh Torabi that she was surprised to find a commonality among the women she spoke with: almost all of them had "given up" the pursuit of "work/life balance."

 

Ruth Stroup Insurance Tips's insight:

A shout out to my hard working business owner friends.  Is work/life balance a myth or reality for you?

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Does your insurance cover flooding, landslides and 'mudflows'?  

Does your insurance cover flooding, landslides and 'mudflows'?   | Business + Real Estate by Ruth Stroup | Scoop.it

Months of storm systems have lead to more rain and snow in California's reservoirs and millions of dollars in property damage, leaving many business and homeowners scrambling to make sure their insurance policies cover flooding

That sort of toll makes planning ahead — and knowing what do to when an emergency does strike — crucial, Mary Simms, a FEMA spokesperson, told the Business Times this month.

“Planning and advance preparation is essential so that businesses impacted by disaster can recover as quickly as possible. When business is disrupted, for any reason, it costs money," Simms said. "Continuity planning is critical and FEMA has free resources to help business owners plan for disasters. Business owners can visit here to find business impact analysis worksheets, case studies and even sample emergency plans that can help.”

Making sure you have flood insurance, or any type of business insurance that covers natural disasters, is a key part of that strategy.

"Generally speaking, standard homeowners policies don’t cover flood,” Janet Ruiz, California representative for the Insurance Information Institute, told the Bay Area News Group this week. Landslides, earthquakes and mudflows are also usually not covered by a homeowner policy or a flood insurance policy, meaning you will need to get "difference in conditions” policies to cover that type of storm damage.

“It’s important for people to talk with their agents, understand what they have and what they might need,” Ruiz said.

Insurance can be pricey, however. Although the average premium nationally is $705, in California, the average premium is $850. Simms said the state’s higher average annual premium in California is due to the “increased value of buildings” compared to other parts of the U.S.

Business insurance can run even higher and depends on the type of business, its wares, locations and a host of other considerations.

“We are constantly encouraging communities to take steps now to protect against those natural risks, including flooding,” Simms said. “This process ensures that communities have solid data when making decisions on how to mitigate and insure against the risks posed by floods.”

Ruth Stroup Insurance Tips's insight:

With all the recent rains be sure to find out if you are covered for flooding, land-slides and mudflows. Please note new policies can take up to 30 days to activate! Contact us for assistance

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Dorothy R. Cook 's curator insight, March 6, 6:33 AM

Jesus have mercy

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It's Giving Tuesday! 6 Tips for Your business or Non-profit 

It's Giving Tuesday!  6 Tips for Your business or Non-profit  | Business + Real Estate by Ruth Stroup | Scoop.it

Giving Tuesday is November 29, 2016. Are you and your organization ready? If you are in business, are you maximizing your impact!

Giving Tuesday is November 29, 2016. Are you and your organization ready? If you are in business, are you maximizing your public/private partnerships? If you are with a non-profit, are you ready to create a deluge of support? If you are philanthropy, are you ready to inspire others? 

Is your answer “OMG no, it can’t possibly be Giving Tuesday again!”

 

Here are a slew of easy-to-implement ideas for your organization. With a little push, you can put these into motion before Giving Tuesday arrives.

UNVEIL THE FUTURE (Visibility): 

Use the moment to quickly share plans for 2017 on the communications channels you control. Help itemize the top 3-5 things you will accomplish in the year ahead and ask for support. Your blog, social media, and email newsletters are your best path to reach potential donors and their networks. A peek into the future will help donors visualize where their money is going. 

 

Ruth Stroup Insurance Tips's insight:

Yeah... we love supporting local businesses, non-profits, and people you can support locally!

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Could Hurricane Matthew's Insured Losses Surpass Sandy's?

Could Hurricane Matthew's Insured Losses Surpass Sandy's? | Business + Real Estate by Ruth Stroup | Scoop.it

A hurricane threatening the first direct hit on the United States in more than a decade could cause insurance losses of $25-30 billion and be the second costliest U.S. hurricane on record for insurers, according to initial industry estimates.

Hurricane Matthew is just off the east coast of Florida near Cape Canaveral, the National Hurricane Center said in an advisory on Friday, after killing at least 339 people in Haiti on its move north through the Caribbean.

Ruth Stroup Insurance Tips's insight:

WHOA... Florida!   "Hurricane Matthew threatening the first direct hit on the US in more than a decade could cause insurance losses of $25-30 billion!" Hope everyone is ok! 

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Get Help + Disaster Assistance from SBA.gov

Get Help + Disaster Assistance from SBA.gov | Business + Real Estate by Ruth Stroup | Scoop.it

Disaster can strike at any time, and even the most prepared businesses and business owners can be adversely impacted. If your business has been impacted by a disaster, the SBA can help by providing disaster assistance. 

Disaster assistance is money provided to individuals, families and businesses in an area whose property has been damaged or destroyed following a Presidential-declared disaster; and whose losses are not covered by insurance. Loans may be available to businesses that have suffered an economic loss as a result of the disaster. Assistance is available from the Federal Emergency Management Agency (FEMA), the SBA, the Farm Services Agency (FSA) and state governments.

FEMA Disaster Assistance

If you need assistance after a disaster, your first point of contact should be FEMA. Contact FEMA directly to apply for assistance, which includes money for housing and essential expenses, such as food and clothing; and critical personal expenses, such as medication. To learn more about FEMA and how to access assistance, explore the following resources:

Disaster and Economic Injury Loans

The SBA and USDA provide low interest loans to businesses and individuals to repair or replace real estate, personal property, machinery and equipment, inventory and business assets that have been damaged or destroyed in a declared disaster.

  • Home and Property Disaster Loans
    Renters and homeowners alike may borrow up to $40,000 to repair or replace clothing, furniture, cars, appliances, etc. damaged or destroyed in the disaster. Homeowners may apply for up to $200,000 to repair or replace their primary residence to its pre-disaster condition.

  • Disaster Assistance Loans
    SBA provides low interest disaster loans to homeowners, renters, businesses of all sizes and private, nonprofit organizations to repair or replace real estate, personal property, machinery & equipment, inventory and business assets that have been damaged or destroyed in a declared disaster.

  • Economic Injury Loans
    If your small business or private, nonprofit organization has suffered economic injury, regardless of physical damage, and is located in a declared disaster area, you may be eligible for financial assistance from the U.S. Small Business Administration.

  • Military Reservist Economic Injury Disaster Loans
    Provides funds to eligible small businesses to meet their ordinary and necessary operating expenses that they were unable to meet due to an essential employee being "called-up" to active duty in their role as a military reservist.

  • Farm Emergency Loans
    Offers emergency loans to help producers recover from production and physical losses due to drought, flooding, other natural disasters, or quarantine.

The Farm Service Agency also provides a disaster assistance guide for farmers and ranchers for natural disaster losses resulting from drought, flood, fire, freeze, tornadoes, and pest infestation. 

Employment Assistance

Ruth Stroup Insurance Tips's insight:

Did you know the SBA, Small Business Assoc. offers great disaster assistance and planning? www.sba.gov

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Woman Caught Faking Injury to Collect Workers' Comp Payments

Woman Caught Faking Injury to Collect Workers' Comp Payments | Business + Real Estate by Ruth Stroup | Scoop.it

The Department of Financial Services’ Division of Investigative and Forensic Services (DIFS) announced the arrest of a Fort Lauderdale woman after she attempted to fraudulently collect workers’ compensation payments following an alleged on-the-job injury. Sheyla Veronica White claimed that a sprinkler head fell from the ceiling, bounced off her desk, and struck her in the head. Her employer, Cinque Terre Energy Partners, LLC promptly filed a compensation claim related to the alleged injury. Video surveillance footage later proved a different series of events surrounding the alleged injury.Cinque Terre’s insurance company, AmTrust North America, grew suspicious of White’s claim and referred the incident to the Division of Investigative and Forensic Services for review and possible investigation. As part of their subsequent investigation, DIFS detectives requested video footage from Cinque Terre’s security cameras, which confirmed AmTrust’s suspicions that the claim was fraudulent. The video clearly shows a piece of a sprinkler head falling onto White’s desk, but it does not bounce and strike her in the head as she alleged. Instead, the video shows White picking up the broken item, looking around to ensure she was alone in the room, and then striking herself in the head with the item. Watch video here.

Ruth Stroup Insurance Tips's insight:

Ohh No She Didn't... Caught faking a worker's comp accident for a pay out! #FailFriday

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SMALL BUSINESS AND NONPROFIT FAIR - Sep 14, 2016 - Oakland Metropolitan Chamber of Commerce, CA

SMALL BUSINESS AND NONPROFIT FAIR - Sep 14, 2016 - Oakland Metropolitan Chamber of Commerce, CA | Business + Real Estate by Ruth Stroup | Scoop.it

Oakland Small Business + Nonprofit fair on Sept. 14th from 4-7pm a Scott's Jack London Sq. RSVP at: http://www.oaklandchamber.com/events

Ruth Stroup Insurance Tips's insight:

Small Business and Nonprofit Fair in Oakland on 9/14... Be sure to see you there!

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Small Business Owners Better at Addressing Risks for Millennials

Small Business Owners Better at Addressing Risks for Millennials | Business + Real Estate by Ruth Stroup | Scoop.it

Millennial business owners may be far better at addressing professional risks than their older counterparts, a new Nationwide study has found.

Their attentiveness to various kinds of property/casualty insurance runs the gamut. Nationwide found, for example, that 51 percent of millennial small business owners are likely to have a disaster recovery plan in place. That compares to 30 percent from Generation X, and 29 percent of baby boomers.

Other statistics also heavily favor millennials as being more attentive to risk reduction.

About 62 percent of millennial small business owners are more likely to have in place business interruption insurance coverage. Only 26 percent of Gen X scores the same way, and just 19 percent of baby boomer small business owners retain the coverage.

Cyber Cover Savvy

Cyber-attack insurance coverage and response plans are relatively new elements in the insurance marketplace, but millennials have their older counterparts beat here, too. According to Nationwide, 42 percent of millennial small business owners have a cyber-attack response plan in place. Only 17 percent of Gen X small business owners can say the same thing, while just 12 percent of their baby boomer counterparts have addressed this.

In a related issue, 79 percent of millennial small business owners said they could understand their cyber policies. That number drops to 51 percent for Gen X and 40 percent for baby boomers.

Millennials also are far more likely to provide retirement benefits and workers compensation coverage to their employees, Nationwide said.

Also worth noting, millennials appear much more likely than their Gen X or baby boomer small business owner counterparts to understand insurance coverage. Millennials score 97 percent on this, while the other two demographics produced an 83 percent affirmative response.

Gaps Likely

Of course, millennial small business owners aren’t perfect in terms of their insurance coverage., Nationwide found that they were 62 percent more likely to have gaps in their business coverage. For Gen X and baby boomers, this number dipped to 43 percent and 34 percent, respectively.

Nationwide conducted its small business owner study online from June 10-23. Participants were drawn from the Harris Poll online research panel and partner sample and weighted to be reflective of U.S. small business owners.

The survey determined small companies as having 50 or fewer employees, while midsize companies employed 50-99 people. Millennials, for the purpose of the study, are considered to be ages 18-35, and Gen X hits the age 36-50 bracket. Baby boomers are ages 51-65.

 

 

Ruth Stroup Insurance Tips's insight:

TGIF - Small business owners may be far better at addressing professional risks than their older counterparts... good news for us!

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It Can Happen to You • Life Happens

It Can Happen to You • Life Happens | Business + Real Estate by Ruth Stroup | Scoop.it

Life can change in an instant, and that life-changing moment may be as simple as sending a text message. That’s what happened to Travis Guthman.

Travis and his wife, Wendy, moved back to where he had grown up when they had the opportunity to buy his grandparents’ farmhouse. They felt it was an ideal place to raise their six kids. They also decided to put their prior experience to work and open up a pizzeria.

It was on a busy day—typical of one so many parents have— that Travis juggled driving and arranging a meet-up for his son. While he had pulled over to read the text, he decided to answer it while driving back home. That’s when, distracted by his phone, he hit a concrete footing on a narrow bridge—a route he had taken hundreds of times before.

The accident landed him in the hospital with a shattered pelvis and other injuries so severe that it has taken him almost two years and countless surgeries just to be able to walk with the help of a leg brace. During this time, he hasn’t been able to work, and admits the family would have lost the pizzeria if it hadn’t been for the disability insurance that his insurance professional Tom Bader helped him put in place.

The monthly payment from his disability insurance has allowed the Guthmans to pay their ongoing bills and expenses and keep food on the table. “I didn’t have to pull money out of the restaurant to live on; instead I could continue paying the employees and keep things running,” he says. “Without disability insurance we would have been in a world of hurt. You think it will never happen to you, until it does. Disability insurance has been a huge blessing for our family.”

Ruth Stroup Insurance Tips's insight:

What you do if you could not work and would loose your business? Watch Travis's story about how disability insurance saved his business and changed his life!

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