Vacant Buildings Pose Risks, Insurance Challenges

Posted on: October 26th, 2022 by Leaders' Choice Staff No Comments

Office and commercial building vacancies have exploded since the COVID-19 pandemic hit, leaving many buildings completely empty of tenants or partially occupied. According to the website Statista.com, the average vacancy rate for offices nationwide in the first quarter of 2022 was 12.3%, which is an improvement from 17.4% in the first quarter of 2021. Unfortunately, […]

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New Law Bars ‘Discrimination’ Against Cannabis-Using Employees

Posted on: October 19th, 2022 by Leaders' Choice Staff No Comments

California Governor Gavin Newsom has signed into law legislation that would bar employers from discriminating against employees and job applicants who use cannabis on their time off. The law amends the California Fair Employment and Housing Act (FEHA) to prohibit discrimination against an individual based on “an employer-required drug screening test” that detects the presence […]

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Commercial Property Insurance Gets Scarce in At-Risk Areas

Posted on: October 11th, 2022 by Leaders' Choice Staff No Comments

Commercial property insurance rates remain stubbornly high in California for businesses with properties that are susceptible to wildfire risks. Coverage is relatively easy to find at reasonable prices in any of California’s larger cities, but in small cities and towns, it’s a different story. Business with facilities in any areas that abut woodlands and other […]

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Most Small Firms Underestimate Cyber Attack Costs, Recovery Time

Posted on: October 6th, 2022 by Leaders' Choice Staff No Comments

A new survey has found that most small businesses greatly underestimate the recovery costs after a company is hit by a cyber attack, as well as the time it takes to recover. Nationwide Insurance’s “Agency Forward” survey found that 40% of small business owners estimate that a cyber attack would cost their organization less than […]

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