Why Presidio For Your Insurance Needs

presidio group insurance
Tuesday November 10th, 2020

Why Presidio For Your Insurance Needs

As a business that first started from the ground up, we understand and know firsthand you have a lot on your plate. We know as a company that has had years of building, connecting, staffing, building relationships with clients, and making sure employees are first. We know having a business is an overwhelming experience.
Now put a Pandemic on top of all of that and include what is going on personally with the way everything is changing as well as professionally. Everyone’s plate is overflowing.
So why take on another task when you can have Presidio find you the best insurance and do all the work for you.
Finding insurance will be the most important aspect of your business. It is important not to let anything slip through the cracks. Business insurance is very important and needs immediate attention. Let Presidio answer all the questions you may have as well as finding you the most cost effective insurance for you or your business.
During this difficult time, we have seen many businesses afraid, worried, nervous about income loss, and even having their business looted and everything that comes with that. We are here to not only help you during these difficult times but also offer our support and help you find the best way to protect you during any circumstance.
The whole concept of insurance is to cover yourself, or your family and business financially against instances that you would not otherwise afford to cover. We all know that recently we have had many unforeseen circumstances. A question that you may have starting out is, “How will insurance help your business”.
  • Insurance covers you against financial risk of being found liable for causing injury loss, or damage to a third party or their belongings while on your property.
  • Insurance can help cover you against claims and legal costs that may arise.
  • Now with valuable data being online you also have to protect your important documentation, employee information, client and customer’s information etc.
  • Depending on the size of your company and the number of employees you hire, you may consider income insurance, business interruption, and/or personal accident insurance.
  • Most importantly, making sure you are protected for something that you have worked so hard for.
We understand that there many choices to choose from and the insurance process can be very overwhelming. Working with one of our brokers will help you figure out what is best for you. Choosing insurance is just as important as the person you work with to help find the right coverage.
What makes Presidio different? The difference is we know from experience, knowledge, and have learned from our own mistakes with running a business that there is no one size-fits-all when it comes to insurance. We know and understand every business has different requirements, factors, and all are ever changing no matter what industry. We are here to learn about you and your business. Just like Presidio, we are proud of the business, friendships, and family we have built.
It is important for you to take the time to evaluate your business and what those risk factors may be and then call us to speak to a broker to find you the best solution. We are human like you, and we will treat you as we do our own employees, like family.
Our Promise is your Protection.

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presidio group insurance

Question in regards to Presidio – Coronavirus Information


presidio group insurance
Sunday November 1st, 2020

Question in regards to Presidio – Coronavirus Information

Dear Clients & Friends of Presidio:

We are continuing to closely monitor the Coronavirus (COVID-19) Pandemic. Presidio is committed to helping you stay informed and continuing learning and educated ourselves with the impact this has had on the world, our clients, employees, and of course the economy. As well as, the insurance impact of COVID-19, while assisting those who might be affected.

Below you will find information with regards to Coronavirus and Property & Casualty coverages, Employee Benefits and Human Resources. Generally speaking, the information below should serve as an accurate assessment of today’s insurance industry standards and response to this pandemic. This is a fluid situation and any specific questions should be directed to your primary Presidio contact.

Property & Casualty: Every policy is unique and each carrier needs to determine the merits of an individual claim.

· Business Income (BI): Unfortunately, lost Income coverage would be triggered only as a result of a covered direct physical loss. As this pandemic would most likely not create a direct physical loss as defined by a policy, there would be no coverage. Coronavirus claims are unlikely to cause the property damage needed to create a business income. For example, a business may voluntarily shutdown for protection and to put people at ease, but that isn’t an insurable coverage. In the case of a government shutdown (Federal, State or Local) the same rules would apply.

· Workers Compensation (WC): Occupational Illness has historically been defined as an illness resulting from circumstances that are not prevalent outside specific industries/work settings (i.e. black lung in the coal industry, asbestosis in pipefitting, retinal burns in welding, etc.). In order for this current illness to be viewed as “work related”, it must be shown that the risk of contracting the illness is inherently higher as a result of your work/workplace/location than that faced by the general public. An example of this would be, business travel to a highly affected region of the world. As this current situation is still evolving, the coverage for Workers Comp claims will be determined on a case-by-case basis and will have to be decided by the courts in the future. Employees contracting COVID-19 may be covered by workers’ compensation insurance if they were initially exposed to the virus in the workplace or while working. That being said, an employee’s employment and the resulting exposure, must be the major contributing cause of contracting Coronavirus.

· Supply Chain/Dependent Property BI/Contingent BI: Dependent property coverage for the supply of parts/components for manufacturers may be interrupted by shutdowns across the globe. Again, these property policies depend on a covered direct physical loss to trigger coverage.

· General Liability: Commercial General Liability policies could respond to third-party claims when negligence can be proven as the reason for the exposure to COVID-19. Although there is a likelihood for limited insurance coverage, it’s worth noting that standard commercial insurance policies are not designed to cover the spread of contagious diseases like COVID-19 or the flu.

· Director’s & Officer’s Liability: Whether or not coverage will be triggered on D&O policies will be largely dependent on the individual circumstances surrounding an allegation. Case law will likely dictate if and how carriers respond and, currently, there is no precedent in many states for a claim of this nature.

Employee Benefits/Health Insurance:

With regard to treatment for COVID-19, group health plans cover medically necessary health benefits, including physician services, hospitalization and emergency services consistent with the terms of the member’s benefit plan. Members should always call the number on their ID card for answers to their specific benefit questions.

​For diagnostic testing for COVID-19, please note the following coverage information:

Coverage for fully insured members: Effective immediately for all fully insured members, for testing to diagnose COVID-19 when medically necessary and consistent with Centers for Disease Control (CDC) guidance:​

· No prior authorization needed
· No member copays or deductibles

Please use the Centers for Disease Control and Prevention (CDC) guidance on COVID-19, as the CDC has the most up-to-date information and recommendations.

For Employers: The CDC has an entire section on its website focused on how coronavirus has impacted employers.

Key sections of the site include:

· Recommended strategies for employers to use.
· What employers should do if an employee reports exposure to someone with COVID-19 (including the steps they should follow to conduct a risk assessment of their potential exposure)
· Recommendations for an infectious disease outbreak response plan

Human Resources:

Presidio offers our commercial insurance clients two options when needing assistance with Human Resources.

· ThinkHR.com: ThinkHR.com is a complimentary resource available to you for a quick, straightforward question. Please take advantage of this valuable resource as needed.

· Presidio’s Human Resource Team: If your situation is more complicated, you feel you need clarification on the response from ThinkHR, or you prefer to speak with a live person, we do offer expert HR advice in-house. Please keep in mind that additional fees may apply with this service.

· See below HR Compliance Bulletin

While we are also focused on the health and well-being of our own employees, we will continue to be your resource.

Stay Healthy,

Keith Verisario

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