What kind of insurance do you need for your home or business? The best or the mediocre? This article will introduce you to Topa Insurance.
The company is a boutique carrier dedicated to solid relationships for wholesale brokers, general agents, and MGAs.
Also they seek to deliver aligned partnerships, exceptional service, underwriting knowledge, and quality products.
However, for more than 30 years, Topa has specialized in property and casualty speciality insurance, writing personal lines, commercial lines, and programs.
This company uses a network of appointed wholesale brokers and general agents to promote and distribute their business and personal products.
Basically, the article will treat all you need to know about this insurance company. Keep reading for better understanding.
Now, it is time to learn, unlearn, and relearn.
About Topa Insurance Company
Topa Insurance Company was formed on the idea of “Do the Right Thing” by John E. Anderson. The company remains committed to doing the right thing for their policyholders. It also remains committed to its distribution partners, workers, communities, and owners now as they have done since the beginning.
While Topa has undergone various changes over the years, their dedication to their stakeholders has remained constant.
Their company’s success is based on collecting a diverse collection of extremely skilled individuals. These individuals embrace the company’s basic values of respect, integrity, community, accountability, and innovation. They are also committed to the ideas of inclusion, diversity, and equity (DEI).
In addition, Topa has committed to providing intensive DEI training to all of its employees. This was done to raise awareness of their values, commit to intentional inclusion, and identify concrete activities. This will improve the social and cultural aspects of DEI in the workplace.
They continue to build on and strengthen the fantastic culture they have now through initiatives and policies.
This insurance company will introduce their Broker Portal later this year. This will serve as a self-service tool for partners to get quick quotations, loss runs, and other services.
In addition, it will also implement a new, streamlined renewal process, which will make renewing your membership much easier in the future. Both projects are part of the overall expansion strategy, which includes the creation of more efficient procedures.
What are Topa Insurance coverage options?
Below are the coverage options offered by the company;
Property Insurance
If you own a lot of things like a car or a house, you might want to get property insurance to protect them. For example, if you have a burst pipe, you might lose or damage things that were covered by this policy.
Depending on what you mean by “property,” it could be your house, your car, your valuable toys, or even the property your business owns (in some cases).
This is the insurance that helps pay for things like repairs and replacements for your own property.
Casualty insurance
Casualty insurance is the insurance that covers you if you’re going to be sued for something bad.
This part of your insurance will help pay for things that happen when you’re found to be at fault for someone else’s losses. This includes both physical injuries and damage to property.
Most of the time, this will help pay for things both in and out of court. It will pay for your legal defense fees and any restitution you’re ordered to pay, up to the limits of your policy.
This is the insurance that helps you pay another person if you are found to have caused them harm.
Homeowners insurance
Property and casualty insurance are usually included in a standard homeowners policy. Both are usually included in the “property” potion:
- Dwelling coverage, which aids in the protection of your home’s structure, and
- Contents coverage protects your personal belongings inside your home.
The condo insurance
As with homeowners insurance, you have to deal with a master policy owned by the homeowners association as well. Condo insurance works the same way. Most condo insurance will cover your personal property as well as your liability.
Additional coverage options
Below are the additional coverage options offered by this Insurance company;
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Auto Insurance
Some states require that you have two types of liability insurance for your car: bodily injury and damage to your car.
It protects you if you are found to be at-fault for another person’s injuries or medical bills.
Also, it protects people’s property damages if you are found to have caused them (like to their car, fence, etc.).
Renters Insurance
There are some differences between renters insurance and other types of insurance, like homeowners and condo insurance.
For example, renters insurance covers liability in the same way that homeowners and condo insurance does. There is a “contents coverage” on renters insurance that doesn’t cover your home’s structure.
However, this is because it only covers the things inside of your home. Most of the time, your landlord is in charge of the structure, so their insurance would cover it.
Landlord Insurance
Any properties you own that make money when people rent them out is covered by Landlord insurance. In this case, it will cover damage to the building (property) as well as liability on the property (casualty).
Business Insurance
Topa Insurance could also be good for your business. People who work for you have assets and also have a lot of responsibility with them. No matter what kind of business they have.
Generally, People who own businesses have to deal with risks all the time. Applying for this company’s property and casualty insurance is a good way to cut down on those risks. This way, you can focus on what’s important: your business.
“Toys”Insurance
Other “special” assets covered by Topa include boats, motorbikes, recreational vehicles (RVs). Also, snowmobiles, all-terrain vehicles, and golf carts. This refers to whatever you own that could be valuable if broken or could harm someone else.
Pros and Cons of Topa Insurance
The company also comes with it’s advantages and disadvantages.
Below are the pros and cons;
Pros
- The building is beautiful, and the staff is friendly.
- There are numerous benefits provided by Topa, including monthly lunches, an on-site gym and trainer, and so on.
- They give individual discounts for being loyal customers and for being a good driver.
Cons
- Poor management, favoritism, and a toxic human resources department plague this company. HR turns a blind eye to harassment committed by certain managers.
- Employees are held responsible for the shortcomings of their bosses.
- Policy and claim information is extremely difficult to come by, making accurate work nearly impossible.
Topa Insurance Reviews
Below are online reviews concerning Topa;
Former Employee
“Good co-workers that make work life more manageable”.
Anonymous Contractor
“Extremely cold office. Lower end of the pay scale. Not enough employee appreciation. Unrealistic goals set for new hire employees. Office politics between staff and management seem unfair. Nonprofessional/Immature behavior in the office, staff crying on the floor of the shared employee restroom after not getting promoted.
HR staff will make you feel extremely uncomfortable and is not very good at hiding the fact that they do not “like” you making for interactions and passings in the hallway very awkward. The office is very quite (no music allowed) which leads to no sense of privacy when talking to coworkers without the whole office being able to hear you.
Some employees are louder than others which makes it hard to focus on your work. No sense of “team work”. Management tends to micro manage, this has also trickles down to to management tasking other employees to monitor or micromanage some of the newer employees as well. Working for this company left me feeling unwelcome, unwanted and disposable”.
Anonymous Customer
“Small boutique company trying to be high end with high prices.”
cubi68 a Local Guide
“Worst insurance company ever. Literally ready to file complaints with the Attorney General and insurance commission. They don’t even cone to the door at there office. It took us 5 business days before we were able to get ahold of anyone just to file our claim”.
Anonymous Customer
“Disappointing experience, and I strongly suggest avoiding this company.”
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Conclusion
With insurance, you can better prepare for the unexpected and have a plan in place. This is important so that you are not saddled with a large financial burden. Especially in the event of an accident or other event.
Generally,liability coverage, including personal liability and medical payments, is likely included in your standard homeowners policy. This helps cover incidents where someone is injured on your property as well as some off-property accidents for which you are liable. This includes if your dog bites someone or your child breaks a neighbor’s window.
In addition, It’s a warning that your home’s liability limit isn’t high enough if it doesn’t cover all of your possessions. To guarantee that your limits are high enough to protect yourself and your family, it is recommended getting umbrella insurance. This is to augment your own homeowners liability.
Policies designed to safeguard your home, personal belongings, and family are available At Topa Insurance.
FAQs
Is Topa a good company to work for?
Topa has an overall rating of 2.9 out of 5, based on over 11 reviews left anonymously by employees. 25% of employees would recommend working at Topa Insurance Company to a friend and 19% have a positive outlook for the business. This rating has improved by 31% over the last 12 months.
Is Topa a good employer that treats their employees well?
According to anonymous Glassdoor reviews, Topa Insurance Company employees are satisfied with their compensation and benefits, giving them a 2.5-star overall rating. More information on salaries and benefits at Topa Insurance Company can be found here. These ratings have dipped by -4 percentage points in the last twelve months.
What is Topa insurance phone number?
You can reach them through this line +1 818-466-5900
What is Topa Insurance Address?
Topa Insurance Company is one of the wholly owned subsidiaries of Topa Insurance Group. Here is the company’s address; 24025 Park Sorrento #300, Calabasas, CA 91302, United States.
What days are the company open?
It is open from Monday to Friday from 9:00 am to 5:00 pm.
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