Search Results for: insurance the business of insurance

Business Owner Seeks Younger Wife – For Better Insurance Rates

We all know that health insurance is expensive. If you knew that getting married to a much younger person could greatly reduce the cost of your health insurance, would you actually consider doing it? A small business owner, who is also a Rabbi, is giving this idea a try. There are a lot of people who cannot afford to purchase health insurance for themselves, or for their families. Businesses, especially small ones, struggle with the cost of the health insurance they offer employees. You know things are bad, economically speaking, when lawmakers are seeking solutions that will make health insurance … Continue reading →

Health Insurance Issues After Your Employer Goes Out Of Business

The majority of Americans who have health insurance are getting it through their employer. Often, the possibility of being able to get health insurance is the biggest reason why a person seeks out a job with a certain company. When that company suddenly goes out of business, this will have a major impact on the lives of the employees. If this happens to you, there are some things you need to know about how your employer sponsored health insurance will be affected. If an employer offers any kind of health insurance to it’s employees, it will be a form of … Continue reading →

Insurance Companies Leaving the Business

Did your insurance company decide to get out of the insurance business entirely? Many insurance companies have elected to cease offering certain kinds of insurance policies, in response to the new health care reform laws. Some insurance companies are finding the new laws and regulations to be so disagreeable that they have essentially decided to “take their ball and bat and go home”. This can cause problems for the consumers who were getting their health insurance from a company that closed up shop. If you have been keeping up with the news, then you are already aware that there have … Continue reading →

The Top 10 Small Business Insurance Do’s and Don’ts

The Do’s this is a quick list for the things every small business owner wants to consider when it becomes important to insure for the risks we need to have covered. #1 Think about the insurance issues during the start-up process of your new business and have applications and insurance policies issued when needed. If there are partners be sure to ask for a buy-sell agreement and use life insurance to fund the agreement in the event one of the partners were to die. #2 Find an Insurance agent who can service all of your small business and personal lines … Continue reading →

Small Business Insurance: Basics

Most business need a certain amount of Insurance in order to protect their company from liability or other risks. A new small business might need just a few key insurance policies in order to safely start and conduct business. But, as a company grows or employs more workers other insurance products and policies are going to be important. Some of the Key Business Insurance Products Growing Business Might Need: Business Overhead Expense Insurance: This is like business disability. The policy is designed to pay the costs of a business when the business owner is disabled. Business Life Insurance: Is Life … Continue reading →

Do You Have Enough Insurance for Your Home Business?

Health insurance, Life insurance, Home insurance–do you really need insurance for your home business too? Well, like so many things, it all depends on the type of home business you are operating– First, let’s talk about your home owner’s or renter’s insurance–it’s a good idea to look over your policy and talk to your insurance agent to make sure that your business operations are covered. If you are just operating a little home office and not keeping a great deal of product in your home, you may be alright and everything would be covered by your existing policy. However, if … Continue reading →

More About the Business of Insurance.

In the first Blog about The Business of Insurance I covered the basic outline of what the Insurance Industry is about. In this Blog I want to talk about what an Insurance Company does to determine premium and what they do with the premiums we pay. An insurance company accepts the risks associated with the contract policy a customer requests. Based on the information a customer provides, and the underwriting conditions a premium is established for the cost of the contract policy. When the insurance policy is issued a declaration will be sent to the customer. In the declaration the … Continue reading →

What is the Business of Insurance?

The business of the insurance industry is to provide financial protection against a loss caused by an insured peril. The contract is the policy and the premium payment is the instrument binding the contract. Insurance carriers, or insurance companies other wise known as insurers. Offer a contract to customers based on underwriting terms. Insurance agencies and brokerages conduct the transaction of the business contract between the clients and the insurance companies. Insurance carriers are business companies assuming the financial risks insured under the terms of the policy contract with agents selling and servicing the insurance contract policy for the insurance … Continue reading →

Are Your Business Insurance Needs Covered?

Have you thought about whether you have the proper insurance coverage to include your home business and your business activities? Insurance is one of those things that is easy to overlook…until it’s too late. Here are some suggestions for evaluating whether or not you may need additional insurance or need to upgrade your home owner’s policy… Your business insurance needs will depend on they type of business you operate. Of course, if you have a home day care or provide care for seniors in your home, you will need adequate insurance to cover injuries, accidents and other potential mishaps. Additionally, … Continue reading →

Home Business: What about Health Insurance?

Are you thinking about quitting your job to start a home business? Have you recently started working at home? If either of these applies to you, you are probably concerned about health insurance benefits, along with many other issues. As far as insurance goes, things have changed quite a bit over the last several years. You may have noticed your premiums and deductibles going up while your coverage has decreased. What you may not realize is that there are many personal health insurance plans available today that are quite comparable to group plans offered by employers. In fact, people can … Continue reading →