by JB Woods © 2012 Greenpoint Insurance Services, LLC There seems to be a lot of interest on the internet lately from people searching for certain religions that don’t allow you to work on Saturday.  I’m really not sure why millions of people are searching for information on this topic.  Is it possible it... [more]

Insurance Agents Must Focus On The Customer And Choose Their E&S Brokers Wisely by JB Woods © 2012 Greenpoint Insurance Advisors, LLC I recently noticed one of our Excess & Surplus Lines Brokers (E&S) thoroughly screening some of our business applications and verifying information from previous renewals.  For those of you who are not familiar with... [more]

You Have To Ask Yourself Is The Cost Savings Really Worth It?   by JB Woods 2012 © Greenpoint Insurance Advisors, LLC If you’re operating a business in Colorado without workers compensation insurance, which is used to cover employees who might get injured on the job you are taking a BIG chance.   If an... [more]

The Illusion To Save Money On Insurance Will Cost You More In The End by JB Woods © 2012 Greenpoint Insurance Advisors, LLC If you own a business, you probably received a cold call from an insurance agent that went something like this: “Hi Steve, I’m Jim Smith from the low-cost insurance agency and I... [more]

For Release: May 4, 2012 Media Calls Only: 916-492-3566 Insurance Commissioner Dave Jones Applauds Passage of AB 2152 (Eng) by State Assembly Bill Further Strengthens Consumer Protections in Health Insurance Regulation Insurance Commissioner Dave Jones announced that the California State Assembly passed AB 2152, authored by Assembly Member Mike Eng (D-Alhambra) by a vote of... [more]

Misrepresented Workers Compensation Insurance Policies By Payroll Companies Will Harm Legitimate Medical Marijuana Businesses And Employees by JB Woods 2012 © Greenpoint Insurance Advisors, LLC This will be the third time I’ve seen this happen, but I continue to see major payroll companies selling workers compensation insurance to medical marijuana growers and dispensaries using standard... [more]

Does This Mean All Contracts Are Not Enforceable?   by JB Woods 2012, © Greenpoint Insurance Advisors, LLC A recent court decision involving a $500,000 loaned to a medical marijuana dispensary which wasn’t paid back has resulted in the plaintiffs losing their case.  The judge decided contracts with medical marijuana businesses are not enforceable due... [more]

Sloppy Applications Only Makes It Worst For The Unsuspecting Business Customer by JB Woods © 2012 Greenpoint Insurance Advisors, LLC Some recent conversations with several of my commercial insurance underwriters has only confirmed what I already suspected.  Most insurance agents are sloppy or unorganized when it comes to processing commercial insurance applications.  Some of the... [more]

by JB Woods © 2012 Greenpoint Insurance Advisors, LLC Forgetting to add insurance requirements as part of the contract for your independent contractor could expose your business to problems not covered under your business policy.   You want to require any independent contractor working for your business to have their own insurance in case of... [more]

by JB Woods © 2012 Greepoint Insurance Advisors, LLC According to the Denver Post (Denver lawyer loses liability insurance over medical marijuana clients, May 2, 2012, John Ingold), Attorney Ann Toney has become the latest medical marijuana related business to receive notification her malpractice insurance carrier Hanover is cancelling her policy.  This cancellation is unique... [more]

Pelosi Statement on Recent Federal Government Actions Threatening Safe Access to Medicinal Marijuana May 2, 2012 San Francisco – Democratic Leader Nancy Pelosi released the following statement today in response to recent federal government actions threatening safe access to medicinal marijuana for those who are seriously ill or enduring difficult and painful therapies: “Access to... [more]

by JB Woods © 2012 Greenpoint Insurance Advisors, LLC Are you looking for workers compensation insurance and proper job classification codes.  Here’s a list we discovered to help you with this tedious process from one of our insurance carriers.  These codes are extremely important for the insurance carrier to properly classify your workers compensation insurance... [more]

by JB Woods © 2012 Greenpoint Insurance Advisors, LLC Preventing injuries to employees is a big concern for most Colorado companies.  The worst time to find out about your workers compensation is when you need it.  Our agency advises customers to READ YOUR POLICY, but the reality is most people don’t make the effort until... [more]

Looking Beyond The Numbers Can Help Bankers Make The Right Choice by JB Woods 2012 © Greenpoint Insurance Advisors, LLC Ever since The Gramm-Leach-Bliley Act of 1999, National banks have continued to enter the insurance industry through acquisitions of existing insurance agencies in order to offer more products and services to their clients.  While enticing,... [more]

For those left wondering what happened on the proposed ban of medical marijuana dispensaries, growers, and infused products manufactures in La Plata County Colorado after reading my letter to the County Commissioners.  Here’s  the recent press release: County to Proceed with Medical Marijuana Regulatory Efforts Release Date: Apr 24 2012 – 4:54pm Durango, CO –... [more]

  by JB Woods © 2012 Greenpoint Insurance Advisors, LLC I recently had the opportunity to provide my opinion regarding a potential ban on medical marijuana dispensaries in Colorado due to  concerns over insurance coverage for county employees.  I applaud the La Plata County Board Of County Commissioners for not only asking the question, but... [more]

by JB Woods © 2012 Greenpoint Insurance Advisors, LLC A big thank you to everyone visiting and reading my website. The amount of traffic continues to grow rapidly each day as you can see from this screen shot. Please save us as a favorite.  We have more exciting stories and insider secrets to the insurance... [more]

Insurance Companies Have A Right To Void Your Insurance For Misrepresentation by JB Woods © 2012 Greenpoint Insurance Advisors, LLC Many business owners fall into the trap of focusing on the premium exclusively and believe “less is more” when informing their agent of the true nature of their business.  Our office recently had a potential... [more]

The State Bar Of California Is A Great Resource In The Wild West by JB Woods © 2012 Greenpoint Insurance Advisors, LLC Unfortunately or fortunately, I’ve seen a lot of “interesting” situations arise from being an insurance agent when it comes to working with attorneys.  I’ve had the opportunity of meeting and working with many... [more]

CHAPTER 71 _______________ CONSUMER AND COMMERCIAL TRANSACTIONS _______________ HOUSE BILL 96-1149 [Digest] BY REPRESENTATIVES Owen, Agler, Berry, Dean, Kreutz, Leyba, Martin, Schwarz, Swenson, Taylor, and Young; also SENATORS Rizzuto, Alexander, Bishop, Hernandez, Hopper, Martinez, Matsunaka, Norton, Pascoe, Perlmutter, L. Powers, R. Powers, Rupert, Tebedo, Thiebaut, and Weddig. AN ACT Concerning… [more]