envelope.png services@jvrcinsurance.com
phone

Call Us: (818) 735-7600

Location

2 Locations in California. Find one near you »

We are in this for the long haul and willing to go the extra mile to earn your business and trust!

One of our agents had marketed a potential client offering the help we could provide on their current California workers compensation policy. After a couple conversations we realized they were not very happy with your current insurance broker and needed some much needed attention and servicing on their comp policy. We advised them that we could potentially take over the servicing of the policy mid-term by having them sign a Broker of Record letter. Unfortunately when you BOR a policy mid-term you do not receive any commission for that policy year but we were more than happy to work without commission to gain the trust and earn the business for the future.

The client happily signed the BOR and we were able to get them a rate reduction resulting in over $10,000 in immediate savings. The story was, my now newly acquired client was improperly classified and reporting payroll in a significantly higher class code than what was needed or necessary. After pointing this out to the carrier, we were able to make the positive changes resulting in one satisfied client! They decided to give us the opportunity to earn the rest of their California insurance policies which we were able to accomplish as well!

Contact Us

    Read More Success Stories

    WORKERS' COMPENSATION

    Innovative Solution for California Workers Compensation Audit!

    A fairly new California contractor client of ours was ready to hire employees for the first time. Not knowing how well the business was going to perform, they decided to predict conservative annual gross payroll figures for their California workers comp quote. After the policy year ended, an audit was...

    View Full Review

    WORKERS' COMPENSATION

    Not Happy with the service and results you deserve? JVRC Insurance can meet your expectations!

    A potential JVRC client was not happy with the current cost and services they were getting form their California workers comp carrier and insurance broker. Their current broker would continuously make changes and mistakes within the structure of their insurance policies such as incorrect changes to his classifications which resulted...

    View Full Review

    D&O INSURANCE

    JVRC provides claim consulting and reporting service!

    We take pride in our purpose as a Commercial Insurance Agency. We are here to provide the insurance policies that protect your business from catastrophic perils that threaten your business on a daily basis. Although we place those policies, it is our hope that our clients never have to utilize...

    View Full Review

    Frequently Asked Questions about Business Insurance

    Are all California businesses required to carry Workers Compensation Insurance?

    ALL California employers must provide coverage for their California employees

    Why is California Workers Comp Insurance so expensive?

    Largely because of claims that occur, experience modifications, fraud and payroll amounts statewide

    Where do we get the information we post on our blog site?

    The Department of Insurance website, The WCIRB, The Insurance Journal and many other trusted sources

    What is an experience modification?

    It’s a percentage that compares the payroll and loss history of your company to a similar-sized company within the same industry. For example, if a company has a better than average loss record, their experience modification would be less than 100%. If that is the case you would receive a credit on your Workers Comp rates. If that is not the case however it would result in the opposite, an increase in rates. The experience modification can be closely compared to an individual’s credit score.

    Why is Workers Compensation Insurance a necessary requirement?

    It is illegal in the state of California to not carry it. There will be penalties, fines and many other consequences if a worker is injured and you do not carry it. Furthermore if there is a claim and you do not have California Workers Compensation Insurance at the time the employer is still liable for all costs relating to the injury which can be devastating to any company.

    How does your insurance carrier determine what your experience modification number is?

    This is calculated based on your payroll, premium paid and by your reported losses for the last three consecutive years

    Who regulates and makes California Workers Compensation laws?

    The Department of Insurance regulates the laws and the State Senate makes them

    What is a Classification or a class code?

    It’s a component used determine the price an employer pays for their workers’ comp insurance premium. Classifications are established for each industry and typically include all jobs or operations within a particular business.