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Business interruption can kill your business
Business Income Refresher from Chubb Commercial Insurance Need a crash course in Business Income? Read on… Business Income (BI) insures the net profit (or loss) and continuing expenses you (the insured) would have had if there had not been any covered loss. Any expense that is not necessary to continue will not be paid. Continuing...
A trend is emerging that may put increased pressure on workers’ compensation rates
Over the past two decades, the workers’ comp frequency trend has, with a few minor exceptions, been negative, which has helped to offset positive severity trends. But during the recent recession, the frequency of workers’ comp claims began to rise. This trend was observed across all industry groups, with classes in the construction industry being...
Home Owners & Buisness Insurance typically won’t cover foundation repair
With the recent record breaking temperatures, both highs and lows, it can impact the foundation of your home or business. In most cases, foundation repair is not covered by Home Owners insurance. Insurance is designed to cover unexpected/sudden problems which may occur, while home Foundation Problems generally occur over a longer period of time. In...
Cars for Joplin
Independent Insurance Agents of Oklahoma Wants to help those you lost their car in the Joplin Tornado. One of the members of the Independent Insurance Agents of Oklhoma (IIAO) express his interest in IIAO assisting the folks in Joplin who are still suffering from the devastation of the tornado that struck them recently. One of...
Did you Know Insurance Companies Buy Insurance?
See how the increasing cost of reinsurance companies buy can increase your homeowners and business insurance. Reinsurers See Price Increases for Property Cat Cover June 23, 2011 | By Mark E. Ruquet, PropertyCasualty360.com Bermuda insurers and reinsurers see price increases for property catastrophe risks, but recent events are not translating into broader industry increases, according...
Patient Protection & Affordable Care Act Timeline
On March 23, 2010, President Obama signed into law the health care reform bill, the Patient Protection and Affordable Care Act. This legislation, along with the Health Care and Education Reconciliation Act of 2010, makes sweeping changes to the U.S. health care system. These changes will be implemented over the next several years. This Legislative...
Patient Protection & Affordable Care Act FAQs
The Patient Protection and Affordable Care Act (PPACA) was enacted on March 23, 2010 and amended by the Health Care and Education Reconciliation Act of 2010 on March 30, 2010. The health care reform legislation includes many changes related to health care coverage and raises a number of questions for employers. The Department of Labor...
Lower Business Insurance Premiums
Looking for methods to lower your insurance premiums? An insurance company bases insurance premiums on the risks involved. To do this, they evaluate the situation to determine the risks, or potential for losses. The insurance company determines its rates on the results. The steps you take today to lower your risks can not only help...
Help Prevent Home Insurance Claims
Getting adequate insurance is a good first step to protecting your home. But ultimately, the best protection is prevention. There are steps you can take to help you avoid ever having to make an insurance claim – the following tips can get you started. Safeguard your home Take action to make your home theft-resistant. “Case”...
Avoid Common Auto Insurance Problems
Also, here are some tips to avoid problems: 1) Have all drivers listed! Check your policy carefully on each renewal to make sure that all licensed operators of your vehicle are listed and shown on the policy. For example – The vehicle and insurance is shown in the husbands name yet no where on the...
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