Unique Approach to Real Estate Marries Strong Returns and Modern Design

| posted in Blog, Newsletter

Harris Bay is a private equity real estate firm, which was launched in 2014 and has quickly rolled out investments to 14 states and opened offices in California and Texas. It’s a unique operation where the owners use their years of experience to apply their methodical and analytical approach of investing that they blend with a goal of creating world-class design and function. Because of their unique take on real estate investing, CoreMark Insurance Services has decided to make Harris Bay our Client of the Month. We sat down with Harris Bay’s managing director, Jake Harris, to discuss the company…
Read More

A Buy-Sell Agreement Can Save Surviving Business Partners from Uncertainty, Turmoil

| posted in Blog, Newsletter

Life is unpredictable, and sometimes the unthinkable happens and we lose a loved one or a business partner. For many small businesses, the passing of a partner could lead to a number of issues regarding ownership, with the future of the organization in doubt if the surviving family members of the deceased want to sell their stake. That could bring in a new partner that may not share the same visions or operating culture as the remaining owners. To avoid this turmoil, you should consider a buy-sell life insurance policy agreement that sets the stage for an orderly sale of…
Read More

New Summary of Benefits and Coverage Template Must Be Used Now

| posted in Blog, Newsletter

There is a new Summary of Benefits and Coverage template that health plans will be required to use during open enrollment for the 2018 plan year. The new templates were introduced in 2016 and took effect for plan year or open enrollment periods beginning on or after April 1, 2017. The new template is the first major revision of the SBC template since 2012, the first year that health plans were required to use them as required by the Affordable Care Act. The new template has a number of changes that you should know about: There is a new row…
Read More

Supporting Napa Businesses Affected by the Tubbs Fire

| posted in Blog, Newsletter

The Tubbs fire in Napa Valley and Santa Rosa burned down 8,400 structures – both homes and businesses – and those affected are trying to quickly rebuild their lives. It is just one of many wildfires that recently ravaged the state of California. Besides the many homes that burned down, 100s of businesses also saw their operations go up in flames and some vineyards saw whole crops destroyed. The fire has hit local residents hard, some of whom may have lost their homes but still need to go to work. And even if their workplace didn’t burn down, it’s likely…
Read More

A Window of Opportunity and Focus on Customers Leads to Success

| posted in Blog, Newsletter

For Renewal by Andersen of Sacramento, customers are at the heart of what they do. From the company’s window installers all the way to the CEO, the local franchise of Andersen Corp. is focused on helping their clients achieve their vision for their home. The company does this by hiring passionate window experts who exceed the expectations of homeowners in the Sacramento region. A commitment to quality and a focus on their clients is why CoreMark Insurance Services has chosen Renewal by Anderson of Sacramento as its client of the month. We sat down with Karen Meier, Marketing Manager for…
Read More

How Many Seniors Get Medicare Open Enrollment Wrong

| posted in Blog, Newsletter

Medicare can be hard to navigate, even if you’ve been enrolled for years. As open enrollment approaches – it starts Oct. 15 and runs through Dec. 7 – you’ll want to pay attention to some of the most common mistakes people make. Not understanding the difference between Original Medicare and Medicare Advantage – With Original Medicare, there is typically no premium for Part A coverage if you or your spouse paid Medicaid taxes while you were working. However, you do pay monthly premium for Part B coverage. Also, with Original Medicare, you can usually see any doctor or specialist you…
Read More

Three Troubling Trends Affecting Workers’ Comp

| posted in Blog, Newsletter

While U.S. employers are seeing fewer industrial accidents thanks to more employers putting a premium on workplace safety, some emerging trends threaten to seriously affect this trend and usher in higher workers’ comp premiums. Today, it’s not enough to just keep a safe workplace. You should have policies in place to avoid these emerging threats – and also instill them in management. Three particularly troubling trends are as follows: More workers injured in traffic accidents This is a biggie and one that’s harder for employers to manage. There has been a significant uptick in motor vehicle accidents in the last…
Read More

Reference Pricing Can Reduce Medical Outlays, Costs

| posted in Blog, Newsletter

In an effort to coax health plan participants to use price-shopping behavior when deciding on where to have a procedure, more insurers are starting to roll out a system known as “reference pricing.” With reference pricing, the health insurer imposes a limit on the amount it will pay for a particular procedure – a limit that is reasonable and allows access to care for patients. The price is usually a median or average price in the local market. When a health plan participant selects a provider that charges less than the cap, they will receive the standard coverage with little…
Read More

The Opioid Crisis’ Effect on Your Business

| posted in Blog, Newsletter

The U.S. Centers for Disease Control and Prevention has reported that opioid prescriptions nearly quadrupled between 1999 and 2013. Prescription opioids include medicines such as Vicodin, morphine and methadone. Opioid addiction is a tragedy for individuals and their families, but it is also having a profound impact on businesses and organizations. Consider: An economist at Goldman Sachs reported in July 2017 that addiction to opioids is partly responsible for the failure of many prime working-age men to rejoin the workforce since the end of the Great Recession. The National Safety Council has reported that 39% of employers have experienced absenteeism…
Read More

Five Tips for Streamlining Your Insurance Policy Audit

| posted in Blog, Newsletter

Are you due for a workers’ compensation premium audit? Audits are how insurance rates are determined, and it’s possible that an audit will uncover information that can actually save you money. Additionally, audits are important to make sure that your employee counts and job descriptions haven’t changed, so that the premium can accurately reflect your current operations. The audit can be stressful, but the key is preparation. These five tips can help you get ready: Tell your broker when there are changes in your staffing, payroll or areas of operation – This is important not just at audit time, but…
Read More