American Insurance NW Inc. Blog
All You Ever Wanted to Know About Insurance
2022 insurance rate forecast
Monday, January 24, 2022
Rate stability will usually last up to about two years, but that may not be the case as we look at the forecast for business and personal insurance rates for 2022. LOOKING BACK TO 2021 - In January last year, I wrote...
Q & A: How can I beat rising business insurance rates?
Friday, September 10, 2021
We printed this Q&A column in the Sept. 10, 2021 edition of The Lewiston Tribune. How can I beat rising business insurance rates? A: If your business insurance rates have increased again, we need to talk! At...
How can I find a better rate on my business insurance?
Friday, April 16, 2021
Did you close or change your normal procedures for COVID and lose out on that revenue, yet still see a JUMP in your insurance rates for your renewal in 2021?!?! Our Agents can help you solve this problem!! We have...
Cybercrime - Small businesses hit with email scams
Wednesday, March 31, 2021
Despite the headlines, phishing and ransomware remains a disproportionate problem for small businesses. Recent reports show that 40% of ransomware attacks were against smaller companies with 1 to 100 employees. Small...
Q & A: What to do about rising business insurance rates?
Wednesday, February 10, 2021
We printed this Q&A column in the Feb. 10, 2021 edition of The Lewiston Tribune. Q: What to do about rising business insurance rates? A: If COVID wasn’t bad enough, business insurance companies are at the tail-end...
2021 Business Insurance Rate Forecast
Thursday, January 14, 2021
How to beat rising business insurance rates - What is on the horizon for business insurance prices in 2021? You’ve been creative and resilient as you continue to weather the COVID-19 economic storm. Controlling...
COVID-19: Workers Compensation – claim prevention
Tuesday, August 4, 2020
Employers are challenged with two liability concerns regarding COVID-19 transmission – customers and employees. The latest liability exposure to manage is how to prevent claims for workers compensation or employer...
COVID-19: Liability risk to your business
Friday, May 8, 2020
As business owners reopen their businesses to the public, the question of COVID related liability has become a concern. The primary concern has been voiced for specific industries like large retailers, medical clinics,...
COVID-19: Business Premium Relief
Tuesday, April 14, 2020
4 ways business owners can reduce insurance premiums during the COVID-19 Pandemic American Insurance is dedicated to finding you answers and helping you maintain the business coverage you need at the lowest rates you...
COVID-19 Insurance claim relief?
Wednesday, March 18, 2020
Answers to 4 common insurance questions Every business owner wants to know and is hoping that somehow their insurance coverages will provide some financial relief. Containment efforts of the Coronavirus Pandemic across...
Q & A: What is a BOP?
Tuesday, March 10, 2020
We printed this Q&A column in the March 10, 2020 edition of The Lewiston Tribune. Q: What is a BOP? A: If you own a business, small or large, you will want to get “BOP’d” by American Insurance. It doesn’t hurt and...
Forecast: 2020 Commercial Insurance Rates
Thursday, January 16, 2020
Most commercial insurance rates trended modestly higher in 2019 and increases are expected to accelerate some in 2020. Rate increases of up to 10% will not be uncommon even for well managed business exposures with low...
New ID Law Verifications for Business Autos
Friday, December 27, 2019
Your Business Autos and how to comply with Idaho’s new insurance verification law. Perhaps this is the law of “unintended consequences” at work! Idaho’s new insurance verification law began Jan. 1, 2020 and has created...
2019 Business Planning - SWOT it!
Tuesday, November 27, 2018
SWOT IT! - As a business owner it’s time to make plans for a new year of success! One common planning technique is listing out your Strengths, Weaknesses, Opportunities, and Threats - also known as the SWOT test. ...
Idaho 2019 Workers’ Comp Rates to Decrease
Tuesday, October 9, 2018
A proposal for a (minus) -4.2 percent overall rate change to Idaho workers’ compensation insurance, effective January 1, 2019, has been approved by the Idaho Department of Insurance. The proposed rate change comes from...
Q & A: Does homeowners insurance cover my “At-Home” business?
Saturday, March 10, 2018
We printed this Q&A column in the March 10, 2018 edition of The Lewiston Tribune. Q. Does homeowners insurance cover my “At-Home” business? A. All Homeowners policy forms contain business exclusions in the property,...
Q & A: Are business insurance premiums rising?
Saturday, February 10, 2018
We printed this Q&A column in the Feb. 10, 2018 edition of The Lewiston Tribune. Q. Are business insurance premiums rising? A. Natural disasters in 2017 will have little effect on Business Insurance premiums in 2018....
2018 Commercial Insurance Rate Forecast
Wednesday, February 7, 2018
Natural disasters in 2017 will have little effect on Commercial Lines premiums in 2018. That is not to say that natural disasters were insignificant. The record hurricanes, floods, earthquakes, mudslides and wildfires...
Homeowners - Beware of Business Exclusions
Friday, June 16, 2017
A home-based business may void all coverage on your garage/shop.If you have a “home-based” business - even if part-time - at your home residence premises, there are serious insurance coverage issues that need to be...
Q&A: How can I get the lowest rate on business insurance?
Friday, February 10, 2017
We printed this Q&A column in the Feb. 10, 2017 edition of The Lewiston Tribune. Q: How can I get the lowest rates on business insurance? - A: Business Insurance rates vary dramatically from company to company. That’...
Who's Dying On The Job? 150 per day!
Monday, May 4, 2015
A study of 2013 statistics shows 4,585 workers were killed on the job in the United States, and an estimated 50,000 died from occupational diseases, resulting in a loss of 150 workers each day from hazardous working...
One in Three Truckers Don't Buckle Up
Wednesday, April 1, 2015
About 65 percent of on-the-job deaths of truck drivers in 2012 were the result of a motor vehicle crash. More than a third of the drivers who died were not wearing a seat belt. This troubling fact has the National...
2013 Insurance Rate Forecast
Tuesday, February 26, 2013
Premiums for insurance is expected to continue a modest rise in 2013. By John B Sullivan, CIC President, AMERICAN INSURANCE Like our political climate "more of the same" is expected. Loss experience improved over 2011's...
Data Breach - Uninsured Business Threat?
Wednesday, July 27, 2011
Businesses, even very large ones, are typically not insured for data breach liability claims. Companies that rely on a Commercial General Liability (CGL) form, the most common policy form, to cover this cyber exposure...
Hackers Now Target Small Businesses
Thursday, July 21, 2011
Your small business is a target! Hackers are expanding their sights beyond multinationals to include any business that stores data in electronic form, according to a ProgramBusiness.com article posted July 21, 2011. The...
WA Voters Alert - Initiative 1082
Tuesday, October 12, 2010
WA ballot initiative to privatize workers compensation Watch for November ballot Initiative-1082 The 30 year battle to end the state monopoly of Workers Compensation insurance goes to Washington voters in Nov under I-...
Liability lawsuits cost small businesses 33% out of pocket
Thursday, July 22, 2010
A U.S. Chamber of Commerce study shows that small businesses paid $105.4 billion in 2008 driving up liability insurance costs and forcing labor and benefit reductions. Read more – Tort Liability Costs for Small Business...