September 2015

                                                      Commercial - Personal - Life - Health 


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Roussel Insurance & Financial Services

146 N. San Fernando Blvd Suite 203

Burbank, CA 91502

Phone: 818-848-3331
Fax: 818-848-2982


CA Insurance License #0D51758




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This information is intended for the client, individual or entity to which it is addressed. These articles contain concepts and opinions, and are not intended to represent the consensus of the insurance or risk community, nor to provide professional legal or tax advice.  Please seek professional legal or tax counsel before making any decisions.  The information provided does not change or modify any insurance policy, only the actual terms of the in-force policies will govern claim settlements.

Four Emerging Risks For Every California Business 

Natural Catastrophes, Foreign Products, The Workforce, and Cyber Security

Every business is different and has its own set of risks. We operate in a shrinking world, and the risks faced by local businesses are increasing and interrelated to what may be happening around the world. Every business will suffer some claim or financial loss during its lifetime. We have found four emerging risks that every business must face and address.

Natural Catastrophes - In California, every business is subject to weather and other natural events. While business insurance may cover many of these, it pays to be prepared. Have you considered earthquake insurance or wind insurance if you operate close to the coast?  We suggest that every business have an emergency plan to help them manage through natural catastrophes.

Cyber Risk - A small business now has a greater chance of having a cyber-breach than of having a fire. It is important to have cyber liability insurance in place, and have a set of cyber procedures to help reduce the possibility of a breach.

Foreign Products - There is an increase of products, parts, equipment, tools, and more that are being manufactured outside the U.S. This can create an issue for local businesses, especially if the product fails and causes a loss. If you use or sell any products manufactured oversees, make sure that you have received a Certificate of Products Liability Insurance, and make sure that your insurance carriers know this.

The Workforce - The workforce is getting older, and local businesses must attract new and younger employees. It will be important for businesses to consider things like remote workers, flex time, and a more creative working environment, to attract the next generation of workers. In addition, employers must consider increasing benefits packages, retirement programs, and other non-financial perks.

Roussel insurance & financial services is a recognized leader in the insurance industry by a number of trade and professional organizations. We offer highly competitive rates for business owners and personal services. With 30 years of experience, we offer industry know-how you can depend on!


Roussel Insurance | Insurance & Financial Services