Share Your Positive WGBCO Customer Experience for a Reward

At Warren G. Bender Co., hearing that we’ve done right by our customers through testimonials and reviews is, not only rewarding, but validating in knowing we are succeeding in our mission. With that in mind, we would like to offer a proposition for our satisfied clients… we are actively trying to build our testimonial/reviews that are online on the following channels:

Google Reviews:

If you would be so kind to share on one or all of these platforms your awesome experience with us, we will send you (2) movie passes as a thank you!

We know that having good reviews carries a lot of clout nowadays and your help in bettering our positive presence online would be so appreciated.
Once you’ve completed your positive review(s), please email our Brand Manager, Jillian Bender-Cormier, to redeem your movie passes:

Filed under: Blog — Jillian Bender-Cormier @ 5:04 pm June 23, 2017

Millennials: Here’s 5 Reasons To Choose a Career in Insurance

Reason #1: Service
Believe it or not, an insurance career is a service career. The industry promotes the common good by encouraging individuals to share risk so no one is ruined when tragedy strikes. And because millennials tend to be a service-oriented group (63 percent volunteer for nonprofit organizations), an insurance career is a good way to satisfy their desire to contribute.

Reason #2: Career Opportunities
According to the Bureau of Labor Statistics and AARP, 50 percent of the insurance workforce will retire by 2028, opening up plenty of employment and advancement opportunities. Once you have a foot in the industry, you’ll be exposed to a variety of career paths and educational opportunities to match your interests. You may start in customer service, and then discover you like marketing or underwriting. Most insurance companies will support you on the path that best suits your skills.

Reason #3: Variety Is The Spice Of Life
Being a good salesperson is a valuable talent when you work in insurance, but insurance isn’t just a sales job. Because the industry touches every field and involves so many career paths, insurance companies look for workers who have skills in:
Problem solving.

Reason #4: Job Security
Insurance isn’t going anywhere. It’s been around since ancient times, and it will stay as long as people continue to drive cars, own homes, and run businesses. Not even the Great Recession could slow down the insurance industry. Employment with an insurance company or an independent agency offers job security that will help you pay off your student loans and start building a nest egg for the future

Reason #5: The Work-Life Balance
Your career is important, but so is your life outside of the office. One of the greatest benefits of working in insurance is that you can create a work-life balance that satisfies both your bank account and your mental health. Insurance jobs can be fulfilling, challenging, and lucrative. But they also offer the flexibility that lets you enjoy time with family and friends.

Filed under: Blog — Jillian Bender-Cormier @ 11:31 pm April 19, 2017

Activity in Sacramento’s “Urban Core”

Activity in the urban core (Downtown, Midtown and East Sacramento) has been strong from both a sale and lease perspective.

Of course, leasing drives the bus in commercial real estate whether its office, retail or multi-family residential and leasing in all of these categories has been better than ever. We are seeing comparable lease rates for Office Space approaching record highs (exceeding in very specific instances) in all class categories (A, B and C). Vacancy rates in Midtown and the R Street business district are virtually non-existent. Exposed, authentic spaces are in high demand and spaces meeting that description downtown are pushing rents upwards of $3.00 per sf. Even Midtown is attracting rents of $2.75 per sf and higher for well designed, open space in fully improved condition.

Much of this demand is a result of the excitement generated by the new Golden 1 Center (the new Entertainment and Sports Center) located on K Street between 7th and 3rd Streets. This demand, however, is as much a derivative of the retail activation generated by the Golden 1 Center as it is the center itself. Historically leasing demand in the downtown grid has been driven by Government, Legal, Finance and Real Estate related professions. Demand for Midtown space has historically been driven by local professionals, real estate development related firms and some high-tech. Today we are seeing demand from virtually every business sector seeking to compete for top young professional talent. Businesses are realizing that quality of life in the work environment may be the key variable in selecting which firm to work for young millennials in high demand. The amenity rich and ergonomically sensitive Midtown and Downtown submarkets provide the most desirable environments in the region. We are seeing that employers are demonstrating a willingness to pay a premium for well-designed space in great locations within these districts.

As a result of the increased retail amenities as well as continued relocation and expansion of top professional firms to the urban core we are seeing dramatic increases in residential migration to these same submarkets. Virtually every multi-family property owner from duplexes to 170 unit apartment complexes have waiting lists. Vacancies are immediately responded to with multiple offers.

Leasing demand has led to equally (if not more) active investment demand for available properties within these markets. Any cash flowing leased investment is attracting multiple offers at record low Capitalization Rates and even dilapidated restoration projects are getting more attention and higher pricing than ever. Virtually all meaningful land in Midtown and Downtown is in contract or recently sold. Interestingly, almost all of this land is being purchased to develop multi-family projects. Almost all proposed projects are stick frame over concrete podium construction. Even though activity has increased dramatically and rents are approaching record highs, the cost of construction inclusive of Title 24 standards and current California Code Compliance has risen even more dramatically and the only new projects that “pencil” are stick frame multi-family housing. Even then, the economic underwriting is heavily predicated on current rents, interest rates in the low to mid 3% range and disposition Capitalization Rates in the 4 – 4 ½% range. These disposition rates allow developers the latitude to stabilize projects at sub 7% returns and still exit with a handsome profit. Even record low Cap Rates for office product in the midtown and R Street corridor markets are not enough to offset construction and stabilization costs at current lease rents and land pricing.

Once rents (either retail or office) can consistently exceed $2.25 per sf NNN additional new construction should become economically viable.

Ken Turton
Principal – Lic. #01219637

Turton Commercial Real Estate
2409 L Street
Suite 200
Sacramento, CA 95816
D: 916.573.3300
C: 916.505.8288
F: 916.471.0290

Filed under: Blog,Real Estate/Property Management,Recent Headlines — Jillian Bender-Cormier @ 1:36 pm April 20, 2016

Founder’s Day 2016 Message from Stephen Bender, CEO, President

Dear Team Bender –

Happy Founder’s Day “week”!

For those of you new to Warren G. Bender Co. let me elaborate.
Warren and Gladys Bender were married on January 29th, 1936. And to make matters more convenient for the Bender Kids in the years to come, (a bit of humor here) they exchanged vows on THEIR birthdays. That’s right…they were both born on the same day! We therefore, some years ago, decided it apropos to recognize January 29th as Founder’s Day at Warren G. Bender Co.

One thing that is constant in our lives (it was true then as now) is change. And you can choose to be changed or make the most of the change by identifying opportunities and having the courage to act. Two years after their marriage, in 1938, with war brewing in Northern Europe, Warren, age 23 had a secure position accounting for a Buick dealership in Chico (supporting his wife and two daughters and their Chico rental). But when a traveling AAA insurance rep stopped by the dealership on a number of occasions encouraging Warren to pursue a career in, yes, insurance, he had the confidence in himself and the support of Gladys, to “change”. And over his 49 years in our industry he “stayed the course”, building friendships, strategic relationships, and contributing to his community and professional association.

Now, nearly 78 years later, our global economy, along with ever changing technology, WGBCO is confident about its future as a leading INDEPENDENT insurance brokerage. And we too will, as Warren did, stay the course of “providing protection, superior service and education” for our fine clients now and for their futures.

So on this “Founder’s Day” let us take time on Friday, to pause and be proud of our accomplishments as individuals and as a family business. We, at WGBCO, are good people, doing good things, benefiting others, every day, I assure you. As your proud co-worker, teammate and CEO, I invite you to believe that this day is clearly not just another day, but a day to enjoy our past, recognize the strength of our foundations and enjoy the excitement of our futures together.

All my thanks. SB


Filed under: Blog,Timeline — Jillian Bender-Cormier @ 6:52 pm January 27, 2016

Contractor Safety: Are You Responsible When They Are on Site?

Dealing with contractors on site who don’t adhere to your safety procedures can be risky. Since you or your employer can be subject to fines or even jail time when not compliant with regulations, you need to know who is accountable for your contractors.

Countries have different rules and regulations when it comes to safety and training for contracted companies and lone workers.

Globally, the International Labour Organization (ILO) reports that “although there are no ILO instruments that specifically address contractors’ and subcontractors’ safety and health at work (or for training in the industry), those concerning occupational safety and health (OSH) in general emphasize the importance of OSH training for all workers. Safety training should focus on supporting preventive action and finding practical solutions.”

While there are no specific global requirements, we will explore contractor safety regulations for the construction industry in the United States.

United States
OSHA offers safety and health regulations for construction. According to the regulations for construction, “in no case shall the prime contractor be relieved of overall responsibility for compliance with the requirements of this part for all work to be performed under the contract.”

Workers in the engineering and construction industries face many hazards, as construction sites are one of the most dangerous places to work in the world, especially for contracted lone workers.
OSHA also indicates that “to the extent that a subcontractor of any tier agrees to perform any part of the contract, he also assumes responsibility for complying with the standards in this part with respect to that part… [W]ith respect to subcontracted work, the prime contractor and any subcontractor or subcontractors shall be deemed to have joint responsibility.”

In 2013, OSHA noted that 20 percent of occupational fatalities were in construction. Every month, the agency reports fatalities of contract workers, and often, publicizes citations and fines for both host companies and the employers of contract employees if they are killed or injured or endangered on the job.

The Safety Landscape is Evolving: Are you Prepared?
In the United Kingdom and Australia, the governments have implemented legislation that requires the employers to be responsible for the safety and well being of their contractors. Canada and the United States still have some work to do so that contractor responsibility is clear for both employers and contractors.

Is your organization up-to-date on local and regional legislation? Is this information effectively communicated – specifically to your lone workers? And are your current safety investments compliant?

Filed under: Blog,Construction,Safety,Surety Monthly — Jillian Bender-Cormier @ 12:22 am November 25, 2015