Bill Walton Partners with K2 Insurance Services

 

Bill Walton joins K2 Insurance Services as part of a new program initiative offering specialized insurance products to children participating in youth sports.

January 11th, 2017
SAN DIEGO, CA – NBA Legend and Hall of Famer Bill Walton joins K2 Insurance Services, it was announced today. Walton’s partnership coincides with a new program initiative which develops and distributes insurance products that offer both protection to children participating in youth sports, as well as for the providers of those camps and leagues.
The one-time basketball star and current ESPN and Pac-12 commentator is now partnering with K2 Insurance Services through his interest in helping young people learn life lessons through sports, and the philanthropic nature of this initiative.
Walton recognized “there is nothing better than being part of a great team. I know the value that sports participation brings to young lives and I am acutely aware of the need for the highest quality insurance coverage. This opportunity is a seamless transition to all the objectives that drive my blessed life.”
While this new program initiative is about protecting the youth in sports, it will also focus on the promotion and advocating of the importance of participating in sports from a young age.
Walton brings more than 45 years of knowledge, passion, and advocacy for the importance and development of youth sports. As part of the new youth sports initiative, he will help create a competitive specialty brand, which delivers high quality, comprehensive insurance products across the nation.
Chairman Pat Kilkenny and President & CEO Bob Kimmel formed K2 Insurance Services in 2011. Together they have over 60 years of combined industry experience. Pat formerly owned and ran Arrowhead General Insurance Agency, an industry leading general agency with more than $1 billion in annual written premiums.

DIC Insurance: Types of Businesses with the Most Earthquake Risk

Vikco Insurance Services

Earlier this year, we discussed the importance of Difference in Conditions (DIC) Insurance coverage, a policy available through one of our MGA partners, Vikco Insurance Services, LLC This insurance coverage broadens an employer’s policy by providing them with additional limits of coverage for specific perils, especially earthquakes. This being said, how can employers decide if they are at a higher risk than other businesses? The following are various factors that will help determine a company’s risks of damage from an earthquake peril.

Building Design and Construction

The structural integrity of a building is dependent on many factors, what year the structure was built, the building codes used, the building shape and materials, structural frames, and their inter-connections. In order to determine specific risks, it’s important for employers to consult with a structural engineer. Major changes to a building’s structure are often unrealistic, however disastersafety.org provides a detailed list of possible non-structural retrofits that could be effective in maintaining the functionality of a building during earthquakes.

Data Management System

Earthquakes don’t just have the potential to damage the structure itself; they could do significant damage to information and information technology within a business. Experts recommend having everything digital regularly backed up and stored either through a cloud or Google drive service, or at an alternative location. IBHS recommends meeting with IT specialists and engineers in the company’s area to determine a solution that will best fit their needs.

Fire Protection Procedures

Fire following earthquakes could create, and has created, loss of life and even economic damage more severe than the damage from the earthquake itself. As such, it’s imperative to have fire safety equipment in place; a sprinkler system, a fire extinguisher, and smoke alarms in areas that don’t have a lot of foot traffic (storage closets, break-rooms, etc.). Another preventive measure employers should take to prevent fire or fire damage is properly securing gas and propane lines, as well as light fixtures.

The above mentioned methods are just a few safety tips that employers could follow to potentially reduce their earthquake damage risks. Employers should remember, as well, that no matter what they do to prevent damage, earthquakes are unpredictable. For this reason it’s imperative that they be well-equipped with the appropriate DIC policy.

To learn more about Vikco Insurance Services, LLC and the products they offer, please contact Brian Thomas Cindric at 925.678.2103.
K2 Insurance Services, LLC was formed by two insurance industry veterans with the purpose of acquiring managing general agents and developing multi-line programs. Our goal is to distribute innovative products through retail and wholesale distribution channels. To learn more about our services and partners, please contact us today at (855) 976-8113 or visit K2INS.COM.

What Risk Management Looks Like for Law Enforcement

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It’s no secret that working in law enforcement is inherently risky; police officers put their lives on the line every day. Risk management is about more than just officer safety though; while safety is always a top priority in the field, law enforcement can also be held liable for their actions towards civilians and suspected criminals. This is why it’s essential to have the appropriate Law Enforcement Liability risk management program in place.

What exactly does risk management look like for law enforcement, however? The first sign of a robust risk management program is an understanding of what type of lawsuits are commonly faced by these professionals. Some of the most common reasons for litigation against law enforcement include: unlawful search and seizure, excessive force, automobile accident negligence, and false arrest.

Lawsuits are not the only risk involved with a claim of unlawful search and seizure; the evidence obtained from this action, even if only alleged, can prevent courts from using it to defend or prosecute a case. The best way for a law officer to potentially avoid a legal claim in this scenario is to obtain written consent from the person being searched.

Excessive force cases have been making headlines recently, and unfortunately many individuals are quick to point fingers and lay blame if they feel an officer has used unnecessary force. Sometimes these claims may be unavoidable, however the best way to mitigate losses in these situations would be for the officer to consider the severity of the crime, the threat a suspect poses, and whether or not he or she is resisting, when deciding what physical action to take.

Automobile accident negligence claims typically happen when a collision and/or injury is caused by the actions of law enforcement; such as being in the wrong place at the wrong time during a high-speed chase. Police officers and their departments should ensure that the have the right policies in place that define the procedures for operating a police cruiser.

A final common cause of legal claims is from false arrest. A person may claim that he or she was arrested by an officer who didn’t have the right to do so, or that they were taken into custody without consent. It’s imperative that officers remain consistent about documenting arrests and other police actions.

These claims are just some of the most common lawsuits our professionals hear about at Allied Public Risk. Allied Public Risk is dedicated solely to the underwriting of public entity exposures supported by our staffs’ years of experience and expertise in this niche market. Our seasoned professionals offer decades of specialized knowledge derived from helping manage and mitigate risks faced by public entities.

K2 Insurance Services, LLC was formed by two insurance industry veterans with the purpose of acquiring managing general agents and developing multi-line programs. Our goal is to distribute innovative products through retail and wholesale distribution channels. To learn more about our services and partners, please contact us today at (855) 976-8113 or visit K2INS.COM

 

Comparing Manufactured Home Safety to Traditional Home Safety

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Manufactured home buying has become increasingly popular in the last few decades, particularly in the last few years. Mobile and manufactured homes have come a long way since then in not only quality, but also price; becoming a top choice for new home buyers and retirees alike. Purchasing a manufactured home, however does not come without risks, which is why Manufactured Home Insurance Coverage is essential.

Aegis General Insurance Agency (AGIA) is a full-service program administrator, providing distribution, underwriting, and policy administration capabilities to facilitate complete insurance program management, including coverage for manufactured homes. This manufactured home coverage protects homeowners against catastrophic events and perils.

While having the appropriate financial protection is essential, in order to understand coverage needs, these homeowners must realize how manufactured home safety procedures may differ from that of traditional homes.

Fire

The leading cause of manufactured and mobile home fires is electrical distribution equipment, whereas cooking is the main fire threat in traditional homes. This is according to the National Fire Protection Association, which also notes that smoke alarms are missing in half of all manufactured homes. While ensuring that smoke alarms and fire extinguishers are present and accessible, it’s important to remember that electrical fires can occur at any time, even if the homeowner isn’t present. Meaning that proper dwelling insurance protection is essential.

Wind

As most Americans know, weather damage is a notorious cause for manufactured home property damage. Manufactured and mobile homes are understandably lighter than most site-built traditional homes, and are at a significant disadvantage when it comes to risks. Homeowners should ensure they have the appropriate level of insurance coverage to protect against this exposure.

Fire and weather damage are just a couple of the exposures manufactured homeowners face. AGIA covers perils caused by a variety of catastrophic events. To learn more about their coverages or to become a producer, contact them today at (855) 399-0966.

K2 Insurance Services, LLC was formed by two insurance industry veterans with the purpose of acquiring managing general agents and developing multi-line programs. Our goal is to distribute innovative products through retail and wholesale distribution channels. To learn more about our services and partners, please contact us today at (855) 976-8113 or visit K2INS.COM

How DIC Insurance Provides Coverage Basic Policies Can’t

Vikco Insurance Services

When opening or managing a business, professionals often think of the most basic insurance coverages they need; property insurance, workers’ compensation, perhaps even professional liability. But what about the larger industrial or commercial risks that many businesses face throughout California and beyond? Earthquakes and Floods are what we are referring to; these risks require a special type of coverage called Difference in Conditions (DIC) Insurance.

Vikco Insurance Services, Inc. is an MGA that focuses primarily on commercial lines products, with a specialization in Commercial DIC Insurance. DIC coverage helps bridge the gaps in coverage in order to wholly protect businesses. These types of policies typically provide catastrophic coverage for perils that present severe property exposures; examples being flood and earthquake.

A common misconception is that a DIC policy is designed to simply increase property limits, but this is not the case. The DIC actually broadens coverage by providing additional limits of coverage for specific perils, when the business’s primary markets won’t provide adequate limits of coverage for their needs. DIC policies provide coverage for perils that are excluded from primary policies.

How can a business decide if it needs DIC coverage? They should complete a review of their current policy with the help of their insurance agent or broker, who will look at their current policy levers and determine if they are satisfactory for the company’s insurance coverage needs.

It’s important for company directors to remember that there is no standard DIC coverage form. Carriers each draft their own forms, so language in the policy should be carefully reviewed by company management and their insurance agent, before any agreements are made on insurance coverage terms.

To learn more about Vikco Insurance Services, Inc. and the products they offer, please contact Brian Thomas Cindric at 925.678.2103.

K2 Insurance Services, LLC was formed by two insurance industry veterans with the purpose of acquiring managing general agents and developing multi-line programs. Our goal is to distribute innovative products through retail and wholesale distribution channels. To learn more about our services and partners, please contact us today at (855) 976-8113 or visit K2INS.COM