Search Results for: blog small business insurance basics

Understanding Insurance

Insurance can be confusing. There are many different kinds to consider. There are a bunch of factors to take into consideration before you choose an insurance company, or sign an insurance policy. What may seem like a small detail can result in big changes about how much your monthly premiums will be. It can be hard to understand. Fortunately, there is information out there that can help you make sense of it all. There is a blog called Get Rich Slowly which provides great information about financial matters. There is an excellent post that describes, in a way that is … Continue reading →

Insurance Blog Week In Review August 22-28, 2007

Insurance Term Of The Week: Dog Bite Liability Wednesday August 22, 2007. For the Small Business the week started with information about liability and Insurance many individuals and businesses need to consider. The Difference Between Claims Made and Occurrence Liability Policies, may not be the most exciting thing to read but, interesting for any small business person. Thursday August 23, 2007. The Small Business Insurance category has been a little slow, so I decided to build on yesterday and add The Basics about General Liability and Professional Liability Insurance I know this isn’t as exciting as Body Part Insurance, but … Continue reading →

The Basics about General Liability and Professional Liability Insurance

Insurance protection for professionals including the small business owners, may require two different major types of liability insurance. These two types of insurance that need to be considered: General Liability Insurance and Professional Liability Insurance. Each of these types of insurance policies offer specific and important protections designed to professionals from financial loss. General Liability insurance This type of liability insurance protect professionals and organizations from the risks of being liable for causing bodily injury or property damage to someone else. If the policy holder is found legally responsible and obligated to pay someone for damages. General professional liability for … Continue reading →

Insurance Terms: M

A | B | C | D | E | F | G | H | I | J-K | L | M | N | O | P | Q-R | S | T | U-V | W-Z Managed Care is a comprehensive health care arrangement between an employer and/or an insurance company. Selected medical and health providers agree to offer care for a discounted rate to the membership of the plan. Managed care systems use the established medical protocols and procedures generally agreed by the medical community as cost effective. Marine Insurance is insurance coverage on goods while … Continue reading →

Insurance Terms: G

A | B | C | D | E | F | G | H | I | J-K | L | M | N | O | P | Q-R | S | T | U-V | W-Z GAP Insurance is additional automobile insurance policyholders might consider as an option, in some states. GAP insurance will cover the difference between a vehicle’s actual cash value when it is stolen or wrecked and the amount owed on a lease or to an auto finance company. General Liability Insurance is an insurance product designed to protect a business owner and operator … Continue reading →

Insurance Terms: B

A | B | C | D | E | F | G | H | I | J-K | L | M | N | O | P | Q-R | S | T | U-V | W-Z Beach And Windstorm Plans: are state-sponsored insurance pools selling property insurance coverage to cover losses caused by the Peril of Windstorm. Benefit Period: A health insurance term used to define the number of days benefits will be paid for claims made by named insured and other dependents covered on the policy. A Binder is a temporary authorization of insurance coverage issued … Continue reading →

Insurance Blog Week In Review March 13-19, 2007

Insurance Term Of The Week: Underwriter I sure have been finding the Parental Liability Blogs very interesting to write. It seems that we are responsible for a wide range of things our children might do as we raise them. This series has sure made me rethink some of the things I expect from the system. Parenting is a real risk financially and some of the ways we are responsible are interesting. Wednesday, March 14, 2007. Four More Parental Liable Issues Negligent Supervision is a legal theory where a minor child’s parents are held liable for their child’s negligent acts when … 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 →

Potential Changes to Disability Access Law in California

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In California, there is a piece of legislation being introduced that could result in changes to how businesses comply with the state’s disabilities law. It would give businesses more time to correct violations to the disabilities law before a lawsuit can be filed. It is believed that these changes will reduce the number of what have been called “frivolous lawsuits”. California, like many other states, has laws in place that are designed to make stores, offices, malls, and other public places, more accessible for people who have certain types of physical disabilities. For example, all of the aisles in grocery … Continue reading →