Franchise Insurance

What’s the Difference Between ‘Replacement Cost’ and ‘Actual Cash Value’ Insurance Policies?

Posted by on Aug 30, 2018 in Business Insurance, Franchise Insurance, Personal Insurance | Comments Off on What’s the Difference Between ‘Replacement Cost’ and ‘Actual Cash Value’ Insurance Policies?

The worst has happened: Someone stole your car and stripped it to pieces! Now, all you’ve got left are fond memories of your slick ride and an insurance policy claim to file. All you want to do is put this whole ordeal behind you, buy a new car, and never look back. But will your insurance payout cover the cost of that same car? Understanding “replacement cost” versus “actual cash value” when it comes to your policies is important. Replacement cost Replacement cost policies will pay out the cost necessary for a direct replacement of the item covered. So, for example, if your vehicle was a...

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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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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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What Should You Consider When Purchasing Franchise Insurance Coverage?

Posted by on Feb 21, 2017 in Franchise Insurance | Comments Off on What Should You Consider When Purchasing Franchise Insurance Coverage?

Running a business can come with an extensive list of day-to-day concerns. One of your top priorities should be protecting your business, property, employees, and yourself from unforeseen events. But with so much to do already, where can you start making sure you have proper coverage?

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Reduce Insurance Costs Without Reducing Coverage

Posted by on Feb 8, 2017 in Business Insurance, Franchise Insurance | Comments Off on Reduce Insurance Costs Without Reducing Coverage

Owning a franchise restaurant or any other small business is a costly endeavor. You have your building, staff, supply costs, and more to think about. Savvy business owners are always looking for ways to streamline processes, become more efficient, and ultimately cut costs, but one place many owners fail to look at is insurance costs. Many business owners fear it will translate into less coverage or coverage gaps if they pay less for insurance. However, it’s possible to save money on insurance while still maintaining adequate coverage. In some cases, an insurance review by trained experts can...

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