KBG INSURANCE & FINANCIAL
Thank you for the opportunity to represent your business.
At KBG Insurance & Financial, we understand the dedication and hard work that goes into building a successful business. That’s why we specialize in providing comprehensive commercial insurance solutions tailored to your specific needs. Whether you’re a small startup or a well-established enterprise, we’re committed to protecting your business assets and mitigating potential risks.
We offer a wide range of coverage options to safeguard your business from various unforeseen events. By carefully assessing your business’s unique risks, we can help you choose the right combination of commercial insurance policies to provide the protection you need. Our experienced agents will work closely with you to customize a policy that meets your specific requirements and budget.
We are more than just an insurance provider, we are your partner in protecting your business’s future.
WE ARE HERE TO STAY
In a world dominated by corporate conglomerates, KBG stands tall as an independent insurance brokerage serving businesses since 2019 accross Washington, Idaho, Oregon, Arizona, and Alaska.
Our commitment to independence allows us to forge strong relationships with multiple carriers, giving our clients access to a wider range of options.
BUSINESS OWNERS POLICY
A Business Owners Policy (BOP) is a comprehensive insurance package that combines both property and liability coverage into a single, convenient policy. This streamlined approach simplifies your insurance needs and offers essential protection for your business assets and operations. With a BOP, you can rest assured that your business is shielded from potential losses due to a wide range of perils, including fire, theft, vandalism, and liability claims.
To further tailor your coverage to your specific business needs, BOPs can be customized with specialized endorsements. These endorsements allow you to add coverage for specific risks, such as data breaches, business income loss, and equipment breakdown. By combining core coverage with tailored endorsements, you can create a robust insurance solution that safeguards your business’s future.
GENERAL LIABILITY
General Liability Insurance provides essential protection for your business against third-party claims of bodily injury and property damage. This coverage helps safeguard your assets and reputation by covering legal fees, medical costs, and potential settlements. Whether a customer slips and falls on your property or your business is accused of negligence, general liability insurance can help mitigate financial risk and ensure your business’s continued success.
PROPERTY
Commercial property insurance safeguards your business’s physical assets from a wide range of perils. This essential coverage helps protect your building, inventory, equipment, and other valuable property from losses caused by fire, theft, vandalism, natural disasters, and more. By investing in a comprehensive commercial property insurance policy, you can minimize financial risk and ensure your business’s continuity in the face of unexpected events.
AUTO
Your business relies on its vehicles to keep operations running smoothly. But accidents, theft, and other unforeseen events can disrupt your business and lead to significant financial losses. Commercial auto insurance provides essential protection for your fleet, drivers, and business. This coverage can help cover costs associated with vehicle repairs, property damage, bodily injury, and legal expenses.
By investing in a comprehensive commercial auto policy, you can mitigate risk, ensure business continuity, and protect your bottom line. Our experienced agents can help you customize a policy that meets your specific needs, whether you have a single vehicle or a large fleet.
E&O
Errors & Omissions (E&O) insurance is a type of professional liability insurance that protects businesses from claims of negligence, errors, or omissions in the services they provide. The cost of E&O insurance can vary depending on several factors, including the specific coverage limits and the nature of your professional services. Generally, policies with higher coverage limits or broader coverage will incur higher premiums. However, by carefully assessing your specific needs and working with an experienced insurance broker, you can find an E&O policy that provides adequate protection at a competitive price.
D&O
Director and Officers (D&O) insurance is a critical protection for corporate leaders. It provides financial coverage for directors and officers against lawsuits, claims, and legal fees arising from their decisions and actions while serving in their roles. This coverage can be invaluable in safeguarding against potential liabilities related to securities class actions, mergers and acquisitions, and other corporate activities. By investing in D&O insurance, businesses can provide peace of mind to their leadership team and mitigate the risk of significant financial loss.
WORKERS COMPENSATION
A dedicated workforce is the backbone of any successful business. Ensuring the safety and well-being of your employees is not only a moral obligation but in most states also a legal requirement. Failing to comply can lead to severe penalties, including fines and potential business closure. Beyond legal compliance, workers’ compensation insurance provides crucial financial protection for injured employees. Workers compensation insurance is a vital tool that protects both your business and your employees in the event of workplace injuries or illnesses.
Several factors contribute to the cost of workers compensation insurance. The specific industry your business operates in plays a significant role, with high-risk industries like construction or manufacturing typically incurring higher premiums. The job roles and responsibilities of your employees also impact your rates. Accurate classification is essential to avoid overpaying for insurance. Your business’s payroll and claims history are additional factors that influence your premiums. A history of frequent or costly claims can lead to increased costs.
CONTRACTORS
As a contractor, protecting your business from unforeseen risks is crucial. General Liability Insurance safeguards your business from lawsuits stemming from property damage or bodily injury to third parties. Builders Risk Insurance covers your construction projects against property damage or loss during the building process. Workers Compensation Insurance provides financial protection to your employees in case of work-related injuries or illnesses. Finally, Commercial Auto Insurance ensures your business vehicles are protected against accidents, property damage, and liability claims.
This comprehensive coverage is essential for a wide range of contractors, including electricians, carpenters, plumbers, landscapers, construction contractors, painters, railroad contractors, pool and spa contractors, HVAC technicians, and alarm system installers.
CYBER
In today’s digital age, cyber threats are a growing concern for businesses of all sizes. A single data breach can have devastating consequences, including financial loss, reputational damage, and regulatory fines. Cyber insurance offers essential protection against these risks. By safeguarding your sensitive customer information, such as Social Security numbers, credit card details, and medical records, you can mitigate the potential impact of a cyberattack.
TIMELINE OF SERVICES
Offering you quotes is not in your best interest, our best interest, or the insurance carriers. The insurance underwriter quotes and we are the mediator. Our expertise is negotiating and marketing your business in a wise way to submit it at its best to the insurance marketplace. Within our timeline of services you’ll find we start with a comprehensive assessment of your business, identifying both potential risks and opportunities for improvement. In some cases, your business’s safety profile may not be relayed to the insurance underwriter. This could include safety programs, inspections, and emergency procedures, as well as loss prevention measures, including fire suppression systems and security systems. By optimizing these areas, we can significantly enhance your business’s risk profile and potentially secure more favorable insurance terms. Our steps and timeline of services allows us to better understand your business and how to represent it. Moving forward, we like to establish quarterly goals to continually provide exceptional service throughout the year for our clients.
DAY 31
Thirty days after your policy is bound, we’ll connect you with our in-house marketing expert. They’ll conduct a comprehensive review of your current marketing materials, from traditional print pieces like brochures and mailers to digital platforms such as your website and social media. By analyzing your online presence and offline marketing efforts, they’ll identify areas for improvement and provide actionable recommendations to enhance your brand visibility, attract new customers, and drive sales. This complimentary service is a value-added benefit we offer to all our clients.
BROKER OF RECORD. YOUR BUSINESS. YOUR CHOICE.
A Broker of Record (BOR) change is a process where a policyholder switches their designated insurance broker. This change officially transfers the authority to manage insurance policies, claims, and other related matters from the old broker to the new one. Why would someone change their Broker of Record?
Dissatisfaction with current service: This could include poor communication, lack of responsiveness, or inadequate support.
Desire for more specialized expertise: A new broker may offer specialized knowledge in a specific industry or line of business.
Cost savings: A new broker may be able to negotiate better rates or find more affordable coverage options.
Change in business needs: As a business grows or changes, its insurance needs may evolve, requiring a different level of expertise or service.
MEET JOSHUA LOERA
Joshua graduated from Eastern Washington University with a degree in Business and Finance. He began his career in the insurance industry in 2013, gaining valuable experience at Allstate and State Farm. After six years of dedicated service in the captive insurance industry, Joshua recognized the opportunity to become an independent insurance broker to expand his offerings and provide comprehensive risk management solutions to a wider range of clients.
At KBG Insurance & Financial they recognized a significant gap in the traditional insurance industry, where customer service and personalized attention were often lacking. Companies can and should do more than price shop for their clients, they could actively help businesses protect their assets and mitigate risks. With a focus on innovative and modern approaches, Joshua aims to provide exceptional service and tailored solutions to his clients. Additionally, KBG offers a comprehensive suite of personal line insurance products.
Joshua Loera, President
601 W 1st Ave, Ste. 1400
Spokane, WA 99201
Phone: 509-242-3244
E-mail: joshua@kbgagency.com
MEET GARY MARKHAM
Gary is a seasoned financial services professional with over 20 years of industry experience. His journey into finance was naturally influenced by real-world experiences in budgeting, employee benefits, sales, and investing. Having firsthand exposure to family estate planning and bookkeeping, Gary developed a deep understanding of the unique needs of business owners.
At Pillar Financial Group, Gary focuses on providing comprehensive financial solutions tailored to the specific requirements of business owners. His expertise extends to cash flow planning, insurance planning, and structuring employee benefit packages. Gary’s commitment to building strong client relationships is unwavering. He believes in the power of face-to-face interactions and personalized service. By prioritizing client needs, Gary aims to differentiate himself from larger firms that may overlook individual attention.
Gary Markham, Financial Advisor
421 West Riverside, Ste. 725
Spokane, WA 99201
Phone: 509-798-7476
E-mail: gary@pillar-financialgroup.com
COMMUNITY
We are here to support everyones purpose. We recognize that every business, client, or nonprofit has their own purpose. It’s our mission to further their goals with our networks, creative team, and provide opportunity with our own fundraising events, and digital efforts.
GENERATION ALIVE
One of our community spotlights with local nonprofit, Generation Alive. Founded by Jeremy Affeldt, a Spokane native and 3-time World Series Champion, GA empowers youth to compassionately engage the needs of their community through action and service. GA works with both Spokane and San Francisco Bay Area schools and churches, increasing awareness of needs in the community and providing youth with tangible ways to make a lasting impact.
THE GREAT PUMPKINFEST
In 2020 the Loera family grew and donated over 3,000 pumpkins. Since then the event has expanded into over 10,000 pumpkins from the farm to the city every Fall. The last five years The Great Pumpkinfest has raised over $250,000. Helping many in our community like the Ronald McDonald House Charities, Operation Underground Railroad, Crosswalk Youth Shelter, and Family Promise.
