Business Insurance

Achieving Financial Fitness in 2018 Starts with Knowing Your Numbers

Posted by on Feb 22, 2018 in Business Insurance, Franchise Insurance, Life Insurance, Personal Insurance | Comments Off on Achieving Financial Fitness in 2018 Starts with Knowing Your Numbers

It’s a new year, a clean slate, and a fresh beginning: Although we’re nearly two months into 2018, it’s not too late to define your goals for the year and make a plan to accomplish them. While health-related goals like losing weight and eating better seem to top the list of Americans’ most popular New Year’s resolutions, financial fitness is a top goal for many, too. A YouGov survey of 1.2. million Americans revealed 37% of respondents said they want to “spend less money” in 2018, while making better financial decisions was the third-most popular response in survey data compiled by analysts...

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How Could the New Tax Overhaul Affect Your Insurance?

Posted by on Feb 8, 2018 in Business Insurance, Franchise Insurance, Life Insurance, Personal Insurance | Comments Off on How Could the New Tax Overhaul Affect Your Insurance?

The most sweeping U.S. tax reform in 30 years became official when the federal tax overhaul passed both houses of Congress and was signed into law by President Donald Trump Dec. 22, 2017. The new law includes several major changes to the Internal Revenue Code and also repeals former President Barack Obama’s health care law, which included an individual mandate for health insurance coverage. Under “Obamacare,” nearly all Americans were required by law to have health insurance or pay a penalty. In 2017, the penalty was $695 per adult and $347.50 per child or 2.5% of one’s household...

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Small Businesses Aren’t Immune to Cybercrime

Posted by on Jan 23, 2018 in Business Insurance | Comments Off on Small Businesses Aren’t Immune to Cybercrime

The ability to handle business transactions via the internet has opened countless doors for owners of small to medium-sized businesses — even those who don’t have a single door for customers to walk through! Yesterday’s brick-and-mortar stores are today’s digital marketplaces, and consumer demand for online commerce is only bolstering the shift. In fact, according to Big Commerce: More than half of Americans favor online shopping. Nearly every American with internet access has made a transaction online in his or her lifetime. Americans spend two and a half hours or more shopping online every...

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Evaluating Risk: Understand the World of Commercial Insurance Underwriting

Posted by on Jan 9, 2018 in Business Insurance, Franchise Insurance | Comments Off on Evaluating Risk: Understand the World of Commercial Insurance Underwriting

Businesses are a bit like snowflakes: No two are exactly alike. This means there is no quick and easy formula for assessing potential business insurance risk. A commercial insurance underwriter’s job is to assess the risk of providing insurance to a business owner based on that owner’s type of business, business activities, and claims history. It’s a tedious analytic process, and many business owners don’t understand what underwriters are looking at when their businesses are subject to review. What types of insurance risks do commercial underwriters evaluate? Commercial insurance...

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Auto Insurance Coverage: Unforeseen Speed Bump for Some Rideshare Drivers

Posted by on Aug 28, 2017 in Business Insurance | Comments Off on Auto Insurance Coverage: Unforeseen Speed Bump for Some Rideshare Drivers

The concept of ridesharing has become so popular it’s turned one brand into a common verb, “I’ll just Uber.” And we no longer get a lift but, rather, a Lyft. Rideshare requirements Such popularity among ride hailers has meant a surge in drivers looking to make or supplement their incomes as rideshare drivers. The requirements to sign on as an Uber or Lyft driver are straightforward enough: To qualify, a driver must be 21 or older, own a smartphone, have a four-door vehicle that meets specific company standards, have had an in-state driver’s license for at least one year, have in-state plates...

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3 Essential Steps to Protecting Your Business from Extreme Weather

Posted by on Jul 24, 2017 in Business Insurance | Comments Off on 3 Essential Steps to Protecting Your Business from Extreme Weather

In June, severe weather cost the U.S. economy over $3 billion. Insurance companies covered at least $2 billion of that damage. To help compensate for the costs of increasingly extreme weather, many insurance providers have begun raising their premiums and deductibles, making it more difficult for business owners in areas prone to harsh weather conditions to obtain the severe weather coverage they need. In fact, 40% of businesses never reopen after sustaining severe damage from a natural disaster. Here are the three most important steps to protecting your business — and your wallet — against...

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