On August 8th, for the 4th year, InterWest’s Chico team partnered with Shawna Batham of Project School Ready to provide backpacks filled with school supplies to local youth in need. This year, a record 100 backpacks were filled during the Build a Bag Day potluck luncheon. Thank you to InterWest’s Dan DiMeo, Tammie Baiz &…
As the 2023 group health open enrollment season nears, more employers have heard concerns among their staff and are focusing on affordability and easier access to health care services, according to a new study. Mercer’s “Health & Benefit Strategies for 2023” study, which surveyed more than 700 employers, found that more than two-thirds of businesses…
For the third year in a row, California Insurance Commissioner Ricardo Lara has rejected the Workers’ Compensation Insurance Rating Bureau’s proposal for a workers’ compensation rate increase, and has ordered instead that benchmark rates remain the same. Lara rejected the WCIRB’s proposal that benchmark rates increase 7.6% for policies incepting on or after Sept. 1,…
How effective is your insurance program? This question is answered by completing a Total Cost of Risk analysis, at which time the answer will be qualitative. A + B + C = Total Cost of Insurance. What is TCOR? The Total Cost of Risk, or “TCOR,” equips business owners with tools to analyze how their…
It is common for business owners to feel frustrated by insurance premiums consistently on the rise. As insurance brokers, we hear the frustrations daily. But in response, we ask, “Did insurance rates change, or has your business grown?” The three operational factors that impact the price of insurance are: Gross sales Payroll Assets, including fleet,…
InterWest’s Distinguished Employee: Cody Miller Cody is very inclusive and leads by example. He possesses the best qualities of a positive role model and has been a wonderful mentor to both the Interns and new staff members. It’s obvious that he truly cares about InterWest and all the work he does. Cody dives in with…
How often do you find yourself wasting time dealing with unexpected emergencies that take you away from what you do best? Time is the only thing we cannot get back. Unexpected emergencies often result in: Loss of production Loss of sales Overtime Project delays or missed deadlines Turnover, rehiring, re-training These are some examples of…
How Do You Measure the Efforts of Your Safety Program? On a yearly basis, a business should evaluate the Direct and Indirect Costs of their insurance program, along with their Safety Investment. These three categories make up the total cost of insurance. Safety investments include not only costs of PPE (personal protective equipment), but also…
According to a recent survey, four in 10 American workers live paycheck to paycheck. This means that an unexpected illness or injury that takes someone off the job for more than a few days can have devastating consequences for many of your employees who depend on their wages to survive. You as an employer can…
When you’re in the construction industry you already have lots to worry about: Keeping your workers safe in one of the most dangerous industries, uninsured or underinsured subcontractors, and finding experienced employees from a shrinking pool of talent. Not only that, but lawsuits lurk in any project, exposing you to serious losses that can threaten…