From Replacing Income to Paying for College, Life Insurance Plays an Important Role in Financial Planning

Most people know they need life insurance, but many people put off actually buying a policy or never bother to review their policy to make sure it still provides enough coverage to suit their needs. Having a life insurance policy in place can offer plenty of benefits, including replacing lost income and ensuring your kids can afford to go to college, plus it can even be used to leave a bequest to help your kids and grandkids enjoy a brighter future.


If you find the idea of buying life insurance more than just a little confusing, you’re not alone. Here are some guidelines to help you find the right policy:

  • Know what you need. Do you need to replace your income? Cover future college costs? Plan for long-term care? No one understands your financial situation or your goals and objectives better than you do, and an experienced insurance broker can help you understand how to meet and fulfill those goals.
  • Understand the difference between term life and whole life policies. In a nutshell, term insurance is good for a specific period of time and may or may not be renewable once that time limit is reached. Whole life (sometimes called permanent life insurance) policies remain in place until your death. Each type can offer different advantages depending on your own situation and needs, so consider each type fairly to make the best decision.
  • Ask plenty of questions. Most consumers have only the vaguest understanding of what a life insurance policy does or the options it can offer. Replacing lost income is just one of the benefits. Be sure to ask if the policy can be canceled or renewed, how long the current premiums remain in effect, what riders are included, if protection is provided for accidental death, and what exclusions are in place.
  • Start planning early. Life insurance provides critical protection for policyholders, especially in the event of an unseen accident. Putting off life insurance planning and purchasing leaves your loved ones at risk for serious financial problems that can have a direct bearing on their futures. Early planning is the key to ensuring your loved ones’ needs will be met no matter what happens.
  • Use an independent broker. Brokers that work for a specific company will be limited in the options they can offer. Independent brokers (like Basi Insurance Services) have access to a wider array of products from many different companies, which means they can customize a plan that’ specifically suits to your needs, your long-range plans and your budget.

Buying life insurance may not be the most pleasant task, but with an experienced independent broker, it doesn’t have to be daunting. Plus, having life insurance in place is one of the best ways to show your loved ones you care about their future and to help them feel confident and secure that their needs will be met, no matter what the future holds.

7 Steps to Protect Your Farm and Your Workers During Harvest Season

Harvest season is in full swing in and around Oakdale, and with so much activity, the risk of accidents is also on the rise. Taking a few extra precautions now can pay off by helping you keep the cost of accidents and worker’s compensation claims low so you can enjoy more of the fruits of your labor.


  • No matter what the season, staying safe on the farm begins with regular review of safety protocol for workers in every stage of your operation. Reviewing regulations not only ensures your workers stay safer, but it also helps keep you in compliance with local, state and federal regulations. Don’t make the mistake of thinking routine reviews of safety guidelines are just for new workers; even the most seasoned employees can benefit from a refresher, especially since regulations are frequently being updated.
  • Don’t forget to review operational guidelines as well. Whether you’re adding an entirely new piece of equipment or updating a similar existing piece of machinery, reviewing the operational manual can play a critical role in avoiding accidents. Reviews can be beneficial not just for those who operate the equipment, but for anyone on your farm who may come in contact with the machinery while it’s in use.
  • Make ample use of signage. View your farm with critical eyes, looking for areas where caution signs can provide a visual reminder for workers to be extra careful. Packing facilities, trucks and other machinery all should be properly labeled in visible locations.
  • The peak of harvest season also means more vehicles will be heading out on the roadways to travel from one field or location to another or to take the harvest to market. Review the rules of the road and make sure trucks and other vehicles are labeled for the benefit of workers as well as other drivers.
  • Harvest is also a time when machinery will be in high use. Make sure every piece of equipment is properly maintained and serviced for optimal, safe operation. Don’t forget to check guards and rollover devices to ensure they’re properly secured.
  • Review protocol associated with the proper use of respirators and other personal protective equipment, including eye wear and footwear. Make sure workers understand the risks of leaving these items behind when performing their tasks.
  • Finally, review your insurance coverage and perform an overall assessment of your operation to look for potential safety issues and have them corrected as soon as possible. Call Basi Insurance to review your policy and find out about other steps you can take to maximize your workers’ safety during harvest season and throughout the year.

Agriculture work is one of the most dangerous occupations in the country. Don’t skimp when it comes to protecting your farm and your workers. Call Basi Insurance at 877-590-4826 to learn how you can run a safer operation and prevent dangerous and costly accidents.

Business Claims: Do You Know What to Do? 6 Important Steps

Commercial insurance can provide important protection for your business – but only if you know what to do when a loss occurs. The claims process is an essential part of making sure you get the reimbursement you deserve under your policy so you can get your business up and running as quickly as possible.


Unfortunately, plenty of businesses – even large, established ones – don’t know the important steps they should take when a disaster occurs. If that sounds like you, never fear – we have a quick list of steps every business should take to protect their businesses, their property and their bottom lines in the event of an insurable loss:

  • First, call your agent. The sooner you contact your insurance agent, the sooner your claims process can begin. Plus, your agent will arrange to have an inspector come out to survey the damage and take notes and photos as needed.
  • Take your own photos. Don’t rely on the inspector or adjuster to take all the photos from every angle. It’s your loss, so for your own peace of mind (not to mention your records), take plenty of photos that clearly show the extent of the damage. Also keep a written record of the steps you’re taking throughout the claims process so you can refer to them if necessary.
  • Don’t move anything. As a business, you want to get things back to normal as quickly as possible to avoid losing customers or income. But moving debris or damaged equipment can make it more difficult for the adjuster to estimate your losses. If you must move items or debris, be sure to take plenty of pictures first.
  • Have your policy in hand and review it so you understand your coverage and can be ready to ask questions throughout the process. Ideally, your policy will be stored in a safe, easy-to-access location (and your agent’s number will be stored in your phone).

Those are the four essential steps to take if you have a loss. But there are a couple of things you should do before a disaster to help prevent losses and to make the claims process go as smoothly as possible.

  • Make a plan. Every business of every size should have a written plan that spells out the steps to take in case of a disaster. Knowing what to do can help ensure your business gets back to normal much more quickly and it can also avoid a lot of confusion when it comes to setting priorities.
  • Review your policy frequently. Businesses change over time, and even small changes can mean big gaps in coverage. Review your policy yearly as well as any time you add new equipment or make any other changes to ensure you’ve got the coverage you need to stay protected.

At Basi Insurance Services, we help businesses of all sizes throughout the Oakdale area get the coverage they need for their business’ specific risks. Call today and let us review your coverage.

Vacation Plans? Keep Your Home Safe While You’re Away

Nearly 1.8 million burglaries took place in the U.S. in 2014, resulting in almost $4 billion in property losses, according to the latest statistics from the FBI. The vast majority of those burglaries occurred in homes when the residents were out – either at work or, commonly, on vacation. In fact, while most of us consider summer to be a time of vacations and relaxed work schedules, for burglars, it’s the busiest time of the year. That’s because they know many people take at least one vacation during the summer, leaving a lot of empty and often poorly secured homes. If you’re planning a summer getaway, follow these tips to keep your home and your possessions safe while you’re away:


Keep your plans to yourself.

One of the best ways to make sure your home stays safe when you’re on vacation this summer is to avoid posting about your plans online. Statistics show professional burglars make it a regular habit to surf the internet, looking for posts on Facebook, Twitter and other social platforms providing detailed information about upcoming vacation plans.

Invest in a security system.

There was a time when owning a security system meant a huge financial outlay and large, ongoing fees to keep it up and running. But all that’s changed, and today’s systems are much more affordable, making them well within the reach of even modest budgets. Plus, many systems offer cameras that enable you to keep an eye on your property from anywhere there’s an internet connection, and you can even control your lights and other appliances right from your smart phone or tablet.

Recruit your neighbors (assuming they’re trustworthy).

Obviously, your neighbors can keep an eye on your home while you’re away, calling the police if anything unusual happens. But they can also bring in mail or flyers left on your doorstep, and they might even have an extra car they can keep parked in your driveway so it looks like someone is home.

Use timers – judiciously.

If you don’t have a remote security system, you can still turn lights on and off using timers. Set them to turn lights on in different areas of your home at different times of the day to avoid having all the lights turn on at once, which can be a pretty clear indication timers are in use.

Check your locks.

Before leaving on vacation, make sure all your locks work, including the ones on your garage door and windows. Invest in a special locking bar for sliding doors as well.

One more tip: Before leaving on vacation, make sure your homeowners policy is up to date and offers the coverage you need to keep all your valuables protected. No one likes to think about being the victim of a burglary, but in the end, it’s always better to be safe than sorry. To have your own policy reviewed, call Basi Insurance Services today.

Planning Fireworks This 4th of July? Take These 5 Simple Steps for Greater Safety

For most people, fireworks are an integral part of 4th of July celebrations, but if you plan on setting off those fireworks at home, you could be setting yourself up some serious problems if those fireworks wind up damaging your home or someone else’s property. Every year, the news is full of reports of injuries occurring following inappropriate use of fireworks and firecrackers. But what’s often overlooked is the property damage that can – and often does – occur even when safety rules are followed to the letter.

If you’re planning on using fireworks during your own 4th of July celebration, the best way to be sure you, your guests and your neighbors are protected is to review your insurance policy. This step will help determine if your policy covers damages from fireworks, and if you have enough coverage to provide protection from big financial losses.shutterstock_214325266

The good news is, most basic homeowners policies do provide some coverage for property losses that occur on your own property, including losses that occur as a result of fireworks use. But there are some caveats: First, you need to be sure you’re using the fireworks according to their directions and according to any local codes and regulations. Failure to do so can be declared negligent, and that means your insurance probably won’t provide any protection.

Second, you need to make sure your policy has enough coverage for damage on your own property, and you should also inquire about coverage for neighboring property that could be caused by a spark or firework gone astray. Damage that occurs to another home is usually covered by that homeowners policy, but that doesn’t mean you’re off the hook – depending on their level of coverage, you could still be responsible for at least part of the losses.

The best way to avoid all these issues is to enjoy your fireworks at a public display. But if you’ve already decided to have fireworks at your own event, here are a few important steps you need to take to decrease your risk of property damage, or worse – serious injuries:

  • Make sure you know – and follow – local regulations regarding fireworks use.
  • Never use fireworks near trees, wooden structures or dry brush.
  • Follow the instructions carefully and completely while using fireworks.
  • Keep kids safely away from the area and keep pets indoors.
  • Have a hose on hand in case of fly-away sparks.

Finally, call Basi Insurance Services to make sure you have ample liability and property damage coverage. Adding additional coverage can be surprisingly inexpensive, and it’s a great way to make sure your 4th of July celebration is both fun and safe.

3 Steps to Keep Worker’s Compensation Costs Low

Slip-and-fall accidents, including falls from stairs and other heights and other fall-related accidents, are a common cause of job-related injuries as well as absences from work. In fact, according to data from the U.S. Bureau of Labor Statistics (BLS), in 2010, about 300,000 slip-and-fall accidents caused lost days from work in businesses from across the country. That translates into millions and millions of dollars of lost revenue as well as countless hours of lost productivity – and significantly higher worker’s compensation claims costs, to boot.


Worker’s compensation is an important type of insurance for business owners to have; after all, it provides critical coverage for workers who do become injured, and it also reduces the risks of lawsuits stemming from job-related injuries. What’s more, it’s required by law for most businesses. Still, despite its benefits, for businesses that have a large number of injuries, the premiums can be high.

The good news is that, just like any other type of insurance, there are steps you can take as a business owner to keep the costs of your premiums as low as possible. If the prospect of lower worker’s comp costs sounds goo to you, here are three steps you should be implementing starting today:

  1. Establish a safety program – and if you already have one, fine-tune it. Companies that don’t have responsive safety programs in place are setting themselves up for losses. Begin by identifying potential hazards, like stairs or poorly-secured warehouse shelving, then ensure safety measures are put in place to prevent injuries. Then move on to the policies that manage behavior so workers know what they can and should be doing to prevent injuries form occurring. Finally, plan to review your program on a routine basis. A safety program doesn’t just set safety standards; it also helps anticipate potential issues that can cause worker injuries as well as setting a schedule for periodic reviews to ensure the program is up to date.
  2. Set up a return-to-work program to make it easier for injured workers to get back on the job, even if it means modifying some of their activities and duties for a while to help them make the transition. The sooner workers can get back to work, the faster worker’s comp claims can be closed out, and the more money your business can save.
  3. Review your policy with your insurance agent. Insurance agents and brokers know the insurance industry inside and out, and that means they’re in a great position to help you identify changes you can make to help keep your workers safe and your premiums low. At Basi Insurance Services, we work closely with businesses in and around Oakdale, CA, to help them understand the important steps they can take to improve workplace safety.

Interested in learning more about how to keep your insurance costs low? Call Basi Insurance Services today at (209) 847-3065.

Stay OSHA-compliant with Our Safety Program

Running a business can be costly, and every year, it seems like the price of doing business rises just a little bit more. One of the best ways to save costs at your farm or other business is to make sure your business is up-to-date on all its safety features and compliant with the latest OSHA regulations. Here’s how:shutterstock_274000694.jpg

  • First, updating your business’ safety plan and features can result in significant savings in your insurance costs. Insurance companies determine premiums based on a business’ risk. Some businesses are considered to be riskier than others based on the type of business, the business location or other factors. But that’s just part of the risk analysis. A large part of a business’ risk profile is based on its safety programs and its level of compliance, as well as its history of accidents and claims. Businesses that take the time to understand and comply with OSHA regulations and to implement robust safety programs can reduce the likelihood of accidents and thus be perceived as a “better” risk – and that can result in lower premiums.
  • Second, making sure you’re in compliance with OSHA guidelines and other regulations can save you money in terms of fines and penalties. If your business is found to be in violation of an important safety regulation, it could be subject to financial penalties or even shut down until changes are made to bring the business into compliance. If your business is shut down for even a single day, that can result in a significant loss of income, not to mention a “ding” against your business’ reputation.
  • And finally, keeping a safe workplace usually means a lower risk of accidents, which means your employees are less likely to become injured. Fewer injuries mean a reduction in employee absences as well as a reduction in costly workers’ compensation claims and medical insurance premiums.

At Basi Insurance Services, we have a dedicated safety coordinator whose sole job is to make sure our clients have the guidance they need to establish and maintain comprehensive safety programs designed to keep them compliant with OSHA and other regulations. In addition to telephone consultations, we offer on-site visits with employee training in both English and Spanish to help ensure everyone is “on track” with existing safety programs and to aid in implementation of new initiatives.

If you’d like to learn more about safety requirements for your business and find out what changes you should make to stay compliant – and to potentially lower the costs of your premiums – we can help. Call Basi Insurance Services today at 877-590-4826 or call 209-847-3065 and speak directly with Safety Coordinator Aaron Canez.