If you are business owner or you have a company that offers a professional service, you should have come across the term Error and Omission insurance (E &O). But in case you haven’t heard of it, an Error and Omission insurance is an insurance type that protects business owners against claims by clients or customers…

 

As long as you drive, you are expected to have car insurance because no matter how good a driver you think you are, accidents do happen and it may not even be your fault. The insurance company is there to compensate the third party and you the insured in case of the occurrence of an…

 

Virtually all business owners understand the importance of purchasing insurance for their business. But most of them feel completely at loss when it comes to making the right choice from the long list of different types of insurance policies. And because they don’t have the time to educate themselves about the various options, they usually…

 

Most of the time, bonding gets confused with insurance. But the truth is, they do not mean the same thing, although they might serve similar purposes. Whereas insurance protects you and your business against losses and damages suffered from unfortunate and unpredictable experiences, bonding is designed to protect your customers. Let’s assume that a company…

 

Workers’ compensation insurance is the oldest form of insurance in most developed countries. It was developed to provide coverage for business owners because in the past, workers had to sue their employers to get compensated whenever they sustained injuries or fell ill as a direct result of their jobs. The world is generally a risky…

 

When you start a new business, it is doubtful that you would have enough money to purchase all the cars that you would need to carry on your business conveniently. What you would most likely do is purchase one or two vehicles and then add more vehicles to your fleet as your business grows with…

 

One major goal of every business owner is to please his customers. Pleasing your customers comes with a lot of benefits. When you continue to please them, they would keep patronizing you, and they would even spread word about your business. This explains why it is very important for every business owner to ensure that…

 

If you are a teenager or an under 25 driver hoping to own your car for the first time, then you should be concerned about how to buy and service your car insurance policy. It obvious that as an under 25 driver with few years of driving experience, it is natural that you pay more…

 

If you are not satisfied with the services you are getting from your auto insurance cover, or you can no longer meet up with the premiums; changing to another reliable one would be one of the wisest things to do. The fact that you start out with an auto insurance company doesn’t mean that you…

 

When a new baby is added to the family, there are quite a number of changes, improvements and adjustments that have to be made to make the baby and the mother quite comfortable. One of such things is health insurance coverage for the baby. It actually looks like a simple thing to do, after all…

 

If you are self employed, chances are that finding affordable health insurance is one of your biggest struggles; and this run true for many others like you. In the United States, over 40 million people—that’s about one-third of the workforce—are self employed. While some are freelancers and independent contractors, others are officially retired but have…

 

Health insurance is one of those things that most independent contractors downplay. Even those who deem it important don’t have their own policies because getting health insurance as a self-employed individual is very difficult; and even where it’s possible, it’s usually expensive. If you are an independent contractor, you need to know that health insurance…

 

Heath insurance can be very useful because it protects you against the risk of incurring medical expenses. However, there are times when you want to cancel your health insurance plans for whatever reason. And there is no problem with doing this, as long as you are not under a legal obligation to provide it to…

 

Health is wealth they say. But health is one of the most unpredictable conditions in life. There are people who take proper care of their health, eat well and exercise yet still fall victim of diseases and other unfavorable health conditions may be due to genetics, environment and other factors and then on the other…

 

There are a lot of people that offer this service for a fee but you can also learn how to do it yourself or start a business from it. When you visit your doctor, you are handed some forms to fill. These forms would request for your health insurance details. After filing the forms, you…

 

When you want to buy health insurance, you have to be careful and shop wisely so that you can save some money and get an insurance plan that fits your budget. You also have to ensure that the insurance plan you go for has the right type of coverage that you need. This article would…

 

A lot of people are in this boat; they are either unemployed, lost their job, self-employed or have no specific source of income. Some others are employed but their employer does not offer health insurance programs. These categories of people need to find health insurance too. They need to enjoy the benefits, which come with…

 

I guess the first question that came to your mind when you saw the topic was “is it legal”. Well, the answer is yes. It’s completely legal and okay to buy life insurance for your parents. One of the ways you can benefit from buying life insurance on your parents is that in the event…

 

Although using an agent or insurance broker to buy life insurance policy is a good idea. However, it could backfire sometimes. Hiring an insurance broker has its downsides, some of which include-: Commission comes first-: Even though insurance agents want to ‘help’ you, they are paid on commission, based on the sales they make and…

 

Whether it is car insurance or business insurance, the average insurance buyer has a major goal in mind; and that is getting the best coverage at the cheapest rates. We have discussed a lot in previous articles; we have discussed topics ranging from how to buy insurance policies, how to avoid scams and i even…

 

When you lose a loved one, you are saddled with some responsibilities like making funeral arrangements, settling debts, and settling financial affairs of the deceased. A lot of people have life insurance policies to cover for the costs of their burial, pay off their debts and also leave something for dependents and relatives. However, this…

 

How long does it take to process life insurance claims? What are the processes involved? How do you file an application claim? Well, i advice you read on to find out what you need to know. If you are a beneficiary of a life insurance policy, you would want to know how to file claims…

 

Insurance is definitely not on the list of a small business owner’s favorite things. As a small business owner, you would most likely be more concerned about making things work and trying not to overburden your business with expenses but insurance is something you really cannot do without. I often love to compare running your…

 

What legal documents do insurance companies ask for when applying for small business insurance policies? You see, our businesses are prone to uncertainties and risks; and it is our duty to manage these risks. When you protect your business from risks, you are not only doing it for yourself or for your business; you do…

 

Insurance scams are not fairytale stories, a lot of people have fallen victim in the past as a result of dealing with the wrong insurance broker or getting mixed up with agents that do not have your best interests at heart but only interested in the commissions that he can get out of you. Of…

 

Whenever you buy any product or subscribe for any services, you do it with the intention of getting value for your money and it really sucks when you cannot get your claims paid after spending years paying premiums. The best way to prevent this is to perform a due diligence before entering into an insurance…

 

One of the reasons most people shy away from insurance is because of the pain of paying premiums monthly with no immediate return or benefit. Everyone wants affordable premium rates for their insurance policies but the truth is that insurance doesn’t come cheap. Yet, it still doesn’t have to be expensive. Are you looking for…

 

What is the right way to apply for insurance claims for your business? How do you increase your chances and eliminate the odds of getting the claim? You see, the last thing you need after your business has just suffered a hit, is the insurance company giving you the run around, wasting time and energy…

 

First, let’s define what risk means in insurance and also understand what risk management is all about. Risk is the probability that an event would occur which would lead to certain losses or financial consequences. Risk management on the other hand is a situation whereby a company or organization takes steps to identify, assess and…

 

Do you know that in 2010, it was discovered that more than half of insurance buyers in America are nervous when making insurance buying decisions? This is according to The National Association of Insurance Commissioners. So, you see that being hesitant about committing to an insurance policy coverage agreement is not such a bad thing….

 

When U.S. President, Barack Obama proposed the Affordable Care Act, otherwise known as Obamacare, many were glad because they felt it would offer more protection and benefits to consumers of health insurance and prioritize them over insurance companies. But more and more Americans are becoming aware that the opposite is true. With each passing day,…

 

Because insurance companies are businesses in themselves that are out to make profit for their owners and stakeholders, they must make enough money to stay viable. They make money by setting premium rates according to risk. If most of the people covered by an insurance company end up not filing for claims because what they…

 

If you are new to investing and are trying to figure out how and where to place your hard-earned money, chances are that you have come across terms like “annuity” and “life insurance.” Both can really play significant roles in your financial plans. But you need to understand the differences between them, as this will…

 

Most business owners are often faced with the question of whether they have to provide health insurance for their employees or not. Well, sometimes, the law makes it compulsory for you to provide health insurance coverage for your employees if you have more than 50 employees on your payroll while in some other countries, you…

 

Sometimes, buying insurance can feel like you are being ripped-off your hard earned money. The reason is because you spend years paying premiums so that you can be protected when an unfortunate event occurs. But when you eventually file a claim, you are given the run around and treated like a beggar. Well, insurance is…

 

I know that discussions about death can be very uncomfortable for a lot of people but it shouldn’t be, because it is something that would occur whether we talk about it or not. However, we can make our lives count by living it well and preparing for what would happen when we are gone. If…

 

If you are a small business owner, you need to protect your business with insurance—even if your business is home-based. This will provide coverage for your business against various risks such as debt, accident, equipment damage, burglary, theft, lawsuits, and so on. Many business owners pay huge sums of money every year in premiums for…

 

How do I choose an insurance company? This question is very popular amongst people who are shopping for insurance products as there are thousands of insurance companies out there from the big giants to the really small ones. Insurance is an intangible asset and that is why it is better to be careful when shopping…

 

You probably have your personal motor vehicle covered. What about the vehicles you use for your business? Are they protected by insurance too? Commercial auto insurance coverage is just as important and necessary as personal motor vehicle insurance. Commercial motor vehicle insurance would cover for any liabilities in case of accidents, thefts or any unfortunate…

 

You can never go wrong with employee motivation. Smart business owners understand the importance of motivating their employees and they practice it. When you motivate your staff, you encourage them to put in their best and be more efficient. The level of satisfaction an employee enjoys with his job has a direct result on his…

 

Only few things are more unclear to people than how insurance premiums are calculated. Some think each insurance company sets its rates arbitrarily. Some think the rates depend on the insurance policy being purchased. And some think the rates are the standard prices set by insurance regulatory bodies. And worse, many insurance agents and brokers…

 

When you are starting or running your own business, you need optimism and promise to keep you motivated and going strong. Even if your business faces harsh market challenges, your optimism and enthusiasm may just be enough to help you pull through. That’s the power of having a positive mindset as a business owner. However,…

 

Only few people will be ready to listen to you when you try to sell them on the benefits of buying insurance. As for the majority, they will either cut you short, bring up another topic, or hit the roof. As an independent insurance agency or agent, you need to know how to deal with…

 

The insurance settlement process is a very long and complex process but insurance companies that really do care about their clients make an effort to make the process as fast and straightforward as possible. The way an insurance claim would be handled usually depends on the type of insurance policy; For instance, a life insurance…

 

Getting an insurance policy is one of the best things you can do for yourself and your business because we are faced with a whole lot of risks in our day to day lives such as accidents, fire, natural disasters and several other unanticipated disasters. An insurance policy would not only help to reduce risks,…

 

As a smart business owner, one of your major goals is to strive hard to reduce the costs of running your business so that you can increase your profits. Getting insurance coverage for your company is one of the smartest business decisions that you can make but the challenge is in paying insurance premiums. Insurance…

 

Why do insurance companies raise premiums? Because insurance companies are businesses in and of themselves, they are out to make as much profits as possible for their owners and stakeholders. One of their tactics for achieving this ultimate goal is to look for tiny statistical nuances that can predict the likelihood that someone will file…

 

Why are business insurance claims rejected? Many small business owners cry foul when insurance companies deny their claims. They think these companies are being unfair to them and only want to eat up their money. While insurance companies can make mistakes sometimes and could make wrong denials, they have good reasons for most of their…

 

What do you do when an insurance company denies a claim and doesn’t pay? This is the question on the minds of most insurance policy holders. Only few things could be costlier, more frustrating, more unsettling, and more disappointing than receiving a letter from your insurance company that your claim has been denied. This will…

 

When are insurance policy premiums tax deductible? This is a question most business owners ask when buying insurance. Well, this article will consider six factors that make insurance premiums tax deductible. Most insurance policy premiums are typically not tax deductible. In fact, this is one of the reasons why entrepreneurs feel motivated to go for…