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    Protecting your Santa Clarita Business in a Down Economy

    As companies downsize and cut hours or lay off employees, most business owners are unaware of the increased exposure to employee lawsuits caused by such actions.

    We have seen a recent rise in employee lawsuits against current and former employers related to employment practices, including wrongful termination, sexual harassment, discrimination and failure to promote. Although we could easily argue the validity of these types of claims, the actual or threat of litigation can be frightful to a business owner, especially when they believe they did nothing wrong to cause such a suit. Additionally, worker’s compensation claims can be broadened to include similar allegations related to CA Labor code section 132(a)Insurance

    The best protection one can have against such allegations is proper and well documented HR practices including an employee handbook with employment-at-will language. Unfortunately, even the best kept records cannot fully prevent the suit or related allegations thereof. These suits are not covered under a worker’s compensation or general liability policy.

    Employers are automatically “self insured” for these types of claims and many may not be aware they can transfer the financial risk for such exposures to an insurance company with a policy termed Employment Practice Liability Insurance (EPLI).

    A business owner should evaluate whether to self insure or transfer the risk to an insurance company. We have assisted many employers with such decisions through the analysis of possible exposures. Analysis should include the company employee handbook, training program, and comparing them to the best practices of such internal controls and compliance with federal and state regulations.

    As an insurance and business advisor with Walter Mortensen/ Guaranty Insurance (CA license 0D26317) I have 15 years insurance experience with a specialty in business insurance providing EPLI coverage, workers compensation, property & liability and health insurance. I am also a proud 13 year Santa Clarita resident.

    Jermaine Brown
    jbrown@guarantyins.com
    (661) 948-1003
    www.Guarantyins.com

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    Paris and Connor MacIvor

    Connor and Paris MacIvor are in the Top 1% of Realtors Nationwide, starting their real estate business in 1998 with RE/MAX Gateway - Santa Clarita Valley and Valencia CA. Their becoming licensed real estate consultants and representatives came from the horrible experience they had when they bought their first home. There were many things that the agent they had hired did not explain and disclose, which per law he should have. Getting that agent on the phone after they closed escrow and after he had gotten paid was impossible. Paris and Connor called the broker, the board of realtors, the office manager and all they received was the promise of a phone call back. The remedy did come, but not as fast and in the way they wanted. That act - that bad agent was the reason why Paris and Connor became Realtors. That was all they needed to vow to never let the same fate befall anyone else, that befell them. Today Connor and Paris are focused on client service. Protection and top-shelf service with regard to their real estate clientele. They primarily work within the Santa Clarita Valley and Valencia CA. However, for a referral, where 80+ of their business is referrals they have License and Will Travel to other parts of Ventura County, Los Angeles County, and Orange County to handle real estate transactions for those who trust their real estate operation. Writing on their Real Estate Blog is a passion. SCVnest.com/blog is where you will find over 10,000 real estate articles. Go to SCVnest.com/radio to listen to their latest real estate radio broadcast.

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