Insurance Articles

usiness owners and executives - especially those who run small and medium-sized enterprises where rules and procedures are more lax compared to larger corporations - are more vulnerable than ever in the day-to-day operation of their businesses.
As a result, employment practices liability insurance (EPLI) has become more prevalent in the work world of today.
Following are [...]

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Employee benefits liability insurance can provide small and midsize business owners peace of mind as they build and grow their business.
Often, when a new employee starts a job, a flurry of paperwork is initiated.
This is necessary to make sure that he or she is signed up for payroll and any corresponding benefits.
Some of those benefits [...]

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Security breaches seem to be in the news on almost a daily basis.
Just recently, a worker went to a local bar with a thumb drive of his employer’s sensitive customer information in his pocket.
When he left the bar, he left behind that thumb drive, leaving that sensitive information at risk.
In today’s technological age, small to [...]

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Once the dust has settled from moving into your home, you may want to review your home insurance policy. Indeed, it’s always a good idea to regularly review your policy to give you peace of mind that you have properly protected your most valuable asset.
The policy is usually divided into two parts. The first section [...]

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The days of having one deductible for all property insurance claims are gone.
Insurance companies have introduced varied deductibles, depending on the type of claim.
Wind/hail deductibles are showing up more frequently on both personal and business insurance policies, thanks to the number of claims from windstorms, hailstorms and hurricanes in the last decade.
If you have any [...]

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If you’re looking for life insurance, you’ll probably want to ask yourself an important question.
That question usually is: What type of life insurance is the best fit - term or permanent?
Both types of life insurance have their uses.
The one you choose will depend on a number of factors.
There are some very important differences between the [...]

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Over the past few years, with companies cutting back on expenses, many people who previously had health insurance through an employer have found themselves seeking coverage elsewhere.
But for those who still have the option of obtaining health insurance through an employee benefits plan, there may still be good reason to at least compare the plans [...]

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For those on Medicare, there are a wide variety of healthcare services that are covered. However, the Medicare program does not cover all medical and healthcare expenses, and there are many copayments and deductibles. Medicare supplemental insurance, also known as Medigap, is a type of insurance that is designed to fill in some of the [...]

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For most people, buying auto insurance is like filling the gas tank. They do it once and then forget about it until it’s needed again.
Unfortunately, many people don’t have as much protection as they believe.
There are a number of common mistakes drivers make when purchasing auto liability insurance.
That’s why drivers should work with an agent [...]

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Key-person coverage is a unique form of business insurance that provides invaluable protection of critical employees.
Any person with a uniquely valuable contribution may be deemed a key person. A scientific or medical company may rely on a specific scientist working on a new drug, while a manufacturing company may depend upon the talent of a [...]

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When it comes to working with an insurance agent, more isn’t better.
Unlike medicine, where a second opinion is often a prudent course of action, insurance is one area where two minds are rarely better than one.
Following are some of the dangers of working with multiple agents:
Higher Prices: The threat to your bottom line is very [...]

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Health insurance plans that have high deductibles are often referred to as catastrophic policies. In most cases, they have yearly deductibles of at least $1,000. However, some can offer deductibles of up to $10,000 annually.
In some cases, a high-deductible health insurance plan may allow the insured to receive preventive care before the entire deductible has [...]

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When an individual leaves an employer that had health insurance, he or she is often offered COBRA as a means of continuing that coverage - at least for a certain period of time.
In many cases, this may make sense to the individual, especially if he or she is not going directly to another place of [...]

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Deciding how much coverage you’ll need isn’t the only thing to think about when purchasing life insurance.
You’ll also have to determine the most appropriate beneficiaries.
You can name three types of beneficiaries on a life insurance policy. The three types are:

Primary
Contingent
Tertiary

The primary beneficiary will receive the benefit if he or she is alive at the time [...]

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One of the key ways to keep your auto insurance rates low is to reduce the risk of theft.
Not only does a stolen car cost you dearly in terms of time and effort, but the long-term expense associated with higher auto insurance rates adds insult to injury.
Unfortunately, many people underestimate the risk of having their [...]

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Major medical insurance is a type of health insurance plan that provides coverage for most types of medical expenses that are incurred by a policyholder. They typically offer a broader, more complete range of coverage than traditional health insurance policies. This means that these plans usually provide for higher individual policy coverage limits as well [...]

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The Medicare program came into existence 46 years ago when President Lyndon Johnson signed into law the Social Security Act of 1965.
This program is federally administered and provides healthcare coverage to Americans who are age 65 and over, as well as to those under 65 who have certain types of disabilities or illnesses.
Parts A & [...]

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Once considered a relatively exclusive form of insurance, errors and omissions (E&O) insurance is now believed to be one of the most important forms of coverage available to many busy professionals.
Who Needs E&O Insurance?
E&O provides an additional layer of protection for lawyers, architects, financial consultants and other small-business owners who routinely provide services to others. [...]

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Getting a home business off the ground entails many of the same concerns and considerations as any other startup, including the purchase of proper insurance. Unfortunately, many business owners are under the false impression that a home business doesn’t entail the same risk associated with other settings. Few things could be further from the truth.
What’s [...]

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Virtually all would-be retirees ask themselves the same question at some point: How much of my retirement savings can I afford to spend each year?
The answer depends on your income stream, but determining that isn’t always easy. Since it isn’t simple to figure out what to do with your 401(k) plan after retirement, for example, [...]

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