Blog
Ridgemark Insurance Services

OSHA Finalizes Rule Requiring Construction PPE to “Properly Fit’ All Workers
Fed-OSHA has finalized a new regulation that requires personal protective equipment for construction workers to be properly fitting. The lack of access to properly fitting PPE for smaller-framed construction workers — especially women — has been a perennial...
FAIR Plan More Than Doubles Its Commercial Property Coverage Limits
With more and more California businesses being forced to go to the California FAIR Plan for their coverage, the market of last resort has moved to increase its commercial property coverage limits significantly. This should bring a semblance of relief to companies...
Treasury Dept Suspends Beneficial Ownership Reporting Rule
The U.S. Treasury Department has announced that it will not enforce a law requiring most businesses with fewer than 20 employees and less than $5 million in annual revenue to report ownership and control information to the federal government every year. The Corporate...
Addressing Farm Vehicle Risks Amid Labor Shortages
Farm operators rely on experienced workers to handle grain trucks, tanker trucks, worker transport buses and vital machinery like combines, pesticide sprayers and planters. But an ongoing labor shortage is increasing risks, as less-experienced workers are stepping...
Businesses Struggle with Risk Protection Gaps
Nearly half of middle-market businesses feel unprepared for key threats despite implementing various risk management strategies, according to Nationwide Insurance's latest "Agency Forward" survey. The survey found that while 90% of businesses have formal risk...
Property Insurance Won’t Cover Mudslides, Landslides
Businesses and homes located in areas that have been hit by wildfires have another risk they face after the fires subside: flooding, landslides, debris and mudflows. And these events are not covered by a standard business property or homeowner's insurance policy....
Expect to See Surcharges on Your Policy for the L.A. Fires
Even if you have a business or a home that was not affected by the recent L.A. fires, you will likely see a surcharge to help pay for them on your next property insurance policy renewal. The state-run California FAIR Plan, which is the market of last resort when...
More Contractors Increase Deductibles to Reduce Insurance Premiums
As construction projects become larger and more complicated, contractors are taking on more of the risk by increasing their builder's risk insurance deductibles, according to a recent report. Michael Cusack, executive vice president of insurance broker Alliant...
Trends Pushing Auto Insurance Rates Higher
Automobile insurance companies are struggling to keep up with the rising cost of collision insurance claims, and that's forcing them to raise rates at a steady clip. In 2019, the industry paid out $62.6 billion in losses for damage to personal vehicles and $5.4...
How the L.A. Fires May Affect Your Commercial Property Insurance
The fires that have ravaged large swaths of homes and businesses in Los Angeles are likely to significantly alter the California commercial property insurance market. Policyholders may need to brace themselves for surging premiums, policy non-renewals and uncertainty....