Using Stop Loss Insurance to Cover Gaps in Health Insurance Offerings

Many employers have found that they’re unable to offer employees the insurance they would like without seeing gaps in coverage. There are ways to take advantage of stop-loss health insurance while offering employers tax breaks, too. Here are a few things to know about this option and how it can help.

The Benefits of Using Stop Loss Insurance

Stop loss insurance offers coverage for cases where an employee needs to use a lot of their insurance coverage for a medical procedure. When one employee uses more coverage than others, it can cost employers extra. Many of these programs also offer benefits such as a higher deductible for those who need it. Having options like these means employees can get the coverage they need without significant cost the employer.

How It Can Save Employers Money

Employee insurance can cost a lot of employers don’t know what to look for. By choosing stop-loss insurance, they can take advantage of savings and join other companies who operate in a similar manner. It offers them the chance to get benefits and programs that only large companies would have access to, making it a useful option for middle-range businesses.

Choosing stop loss health insurance can provide many benefits. It not only saves money for employers, but it provides useful programs they wouldn’t normally get, making it a catch for employer and employee alike.

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The Importance of Keeping a Car Insured

Many people know the importance of getting insurance on things important to them. From boats to homes and even one’s life, insurance can provide a solution to problems that may arise. Here’s why auto insurance is necessary, despite what you might have heard.

Why Auto Insurance Matters

Auto insurance in Ypsilanti, MI is crucial to have to protect the car, driver, and even passengers in the event an accident should occur. For those who are careful drivers, it’s hard to predict when an accident might occur because of someone else. That’s when having insurance becomes a lifesaver, and can even insure the car gets fixed at no additional cost.

Problems That Arise From Not Having Insurance

Skipping out on car insurance isn’t a way to save money. Issues can occur such as:

Fines

A car getting repossessed by law enforcement if found without insurance
Being forced to pay more than necessary if an accident or problem occurs
Having issues getting insurance after one of these incidents occurs due to risk

Get the right insurance that can protect everyone can keep a car safe should an accident occur. Auto insurance in Ypsilanti, MI doesn’t have to cost a lot when going through the right insurance company. Don’t risk losing your car or going through an irreparable accident and find the right coverage or your needs today.

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What You Need To Know About Marine Insurance

The more global our economy becomes, the more cargo ships transfer goods across seas. Unfortunately, accidents happen. Having marine insurance with New York Marine & General Insurance Company covers the legal liabilities of the company transporting goods. But how do you know if you need to have a marine insurance policy and what does it cover?

Coverage Basics

When goods are shipped by sea, the insurance offers coverage from the beginning of the shipping process until the destination arrival. Items stored in port warehouses are often covered. Personal and commercial cargo can be separate coverage options depending on the policy.

Claim Types

Accidents and losses happen. When they do, a claim usually arises, since someone needs to pay the bill. Typical claims covered by marine insurance include grounded ships, total loss, loss of cargo, hull damage, revenue loss and pirate attacks. The insurance steps in for negligence, weather and accidents.

Who Benefits

Businesses who transport goods for their company or others should look into a marine insurance policy. Fishing, marine contracting, goods export/import companies and marine service supply companies also benefit. Private owners of seagoing vessels such as yachts may also need marine insurance.

If you’re unsure if you need marine insurance with New York Marine& General Insurance Company, ask your agent if you are at risk. Marine insurance is for both commercial and personal purposes.

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The Top 3 Reasons You Should Consider Insurance for Pollution Liability

The Top 3 Reasons You Should Consider Insurance for Pollution Liability

As a contractor or environmental consultant today, you likely encounter situations regarding the need for liability insurance on a regular basis. Thankfully, Contractor’s Pollution Liability insurance, or CPL for short, exists to cover you and your business.

1. It Is Flexible

CPL plans are designed to protect you and your work product, regardless of the type of work you perform. In the wide range of options, you could choose from liability insurance that covers claims for personal injury, clean-up costs (including pollution removal and transportation), property damage and emergency responses.

2. It Is Personalized

Insurance companies recognize that your work can happen on a large or small scale, so pollution liability insurance plans can be designed to fit your needs. This means that if you would prefer CPL for just individual projects or for larger yearly coverage, you can find the best plan for your work.

3. It Is Cheaper Than You Think

With so much versatility among plans, high-quality liability coverage can be found at a reasonable price. Additionally, consider the long-term financial and mental value offered by comprehensive plans. An experienced broker can help you find the best deal on insurance. Taking the time to understand your unique needs concerning pollution liability insurance sets a solid foundation for the future of your business.

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Boat Insurance Coverage and Costs

If you’re trying to obtain boat insurance cost estimates, you’ve probably seen that prices and coverage can vary greatly. Costs can run anywhere from $300 to over $1,000 per year, depending on a number of different factors. For example, how frequently you use the boat, the type of boat you have, your driving history, and what area you reside in will all have an impact on your insurance costs. The type of coverage you select will also impact costs, but it’s very important that you understand what kind of coverage you’re getting.

Liability

Liability refers to anything that’s determined to be your responsibility. There are two primary types of liability insurance:

Bodily Injury (damage to a person)

Property Damage (damage to an item)

Medical Expenses

You may be held responsible for medical bills if someone in your boat gets hurt, even if you’re not at fault.

Uninsured Boaters’ Coverage

Not everyone has insurance, and if you get hit by someone who doesn’t, this coverage will handle any related expenses.

Personal Property Coverage

This coverage can be used to replace all kinds of items that could be damaged in a boating accident. From boating equipment to luggage. Again, your boat insurance cost will vary depending on what type of insurance you select and the levels of coverage you choose, but it’s important to understand your coverage.

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3 Insurance Policies For Accountants

Accounting involves a lot of numbers and money already, so adding in the costs of lawsuits, repairs, medical bills and more can not only be a hassle, but a huge risk to everyone affected. Not having the right accountant insurance coverage can lead to financial disaster and possibly an end of the business. There are a few vital policies that any accountant would likely need, but other types should be considered and discussed with an accountant insurance company, as well, to ensure the best possible protection.

1. Professional Liability

Possibly the most important insurance police for accountants, Professional Liability covers the legal costs involved in claims of negligence and financial loss due to your actions. While this may be warranted or not, insurance can still handle the fees as long as no criminal or dishonest acts have been done by your accounting business.

2. Business Insurance

This type of coverage is beneficial to nearly any business. This insurance tends to include three different policies in one:

Property

General Liability

Business Interruption

3. Cyber Liability

A great deal of information is now stored digitally. In the case of accountants, a lot of the information collected from clients is incredibly sensitive, including personal information and financial records. If there were to be a data breach or some sort of digital issue, cyber liability would be needed in order to cover the costs involved in handling the situation.

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Getting the Best Coverage for Your Assisted Living Facility

When operating an assisted living facility for the aging population, you should always have insurance coverage to protect your assets and to protect the individuals who live in the facility. Different types of insurance for assisted living facilities are available, so it helps to know more about your options and the level of coverage you need.

Property Coverage

Having coverage for the property is one of the first things you should for. If something were to happen, such as damage caused by a natural disaster or a fire, this coverage makes sure that your insurance company would cover the cost of fixing the property for your elderly residents. Your coverage may even include the cost of stolen property if someone were to break into the building and begin taking things from inside of it.

Liability Coverage

If one of your staff members is negligent or abusive, you could end up paying out a large sum of money to residents. Because you never know if something will go wrong or if certain mistakes will be made unintentionally, it is safer to have the liability coverage than to go without it and put your residents and your company at risk.

Getting insurance for assisted living facilities is a must. You should have both property and liability coverage in case something goes wrong. Without the right amount of coverage, you could pay out of pocket for various expenses.

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Preparing for Hurricane Season After Hurricane Harvey

While it may be more than a year since Hurricane Harvey dumped 52 inches of rain in the Houston area, there is still a concern with another hurricane season coming soon. A sugar land home insurance policy helps offset the financial costs of rebuilding or repairing the home. These tips can help prepare you for the upcoming season.

Prepare Ahead

Hurricane season doesn’t officially start until June, but it is a good idea to start preparing early. Panicking during a storm or right before one can cause exponentially more damage than the storm itself as evidenced during Hurricane Rita. Have a plan in case you need to evacuate. If staying home, keep plywood, nails and sandbags ready in the garage. Store at least a week’s worth of food, back up batteries, flashlights, a stocked first aid kit and bottles of water in case the power is out.

Check InsuranceEven if your home was not affected by flooding, double check with your insurance provider to ensure you have the coverage you need. If disaster does strike, you want to have the assurance that your home can be replaced without it costing you everything.

Many of the emergency preparedness techniques are good to have in your home year-round. Sugar land home insurance is there to support you when your home is damaged.

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The Basic Insurance Needs of Home Health Care Businesses

Home healthcare is on the rise with the Baby Boomer generation aging and needing more care. Home healthcare insurance programs cover the variety of liabilities home healthcare companies face on a daily basis.

Patient Care

Caring for patients is a delicate business with many risks. Non-clinical risks need a general liability policy to cover them as home health is still a business. Professional liability handles any misconduct or malpractice lawsuits against the clinicians.

Transportation

Employees drive to the patient’s house to care and aid the patient. If they drive the company vehicle, your business needs a commercial auto policy. However, if the employee uses their own vehicle to travel for work, the business needs a hired and non-owned auto policy to cover an accident.

Employees

Taking care of your quality healthcare workers is paramount to having a smoothly running operation. Workers compensation is necessary in all states in the event the employee falls sick or is injured on the job.

Unpredictable working environments make workers comp insurance even more necessary for home health workers.

Prepare to care for the aging American population with home health care insurance programs designed to make purchasing insurance easier. Covering your exposures lets you focus more on care. Speak to your agent to ensure the policy handles the wide nature of your business.

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Avoid Common Delays in Construction with These Helpful Tips

The construction business is known for delays in project completion. Granted, there are many things that can affect the completion of a project including the weather. Stand above the crowd by using these tips to complete projects on time. If there is a delay, builders risk insurance in NY can help you cover costs associated with a loss.

Detailed Planning

Detailed project planning can keep your project on time. When writing down the various pieces of a project, plan in some time for unforeseen problems. Having a contingency plan can help when things do go wrong.

Advanced Scheduling

Where you can, schedule as many contractors ahead of time as possible. This puts the project on their schedule and keeps them from booking the time you need for your build.

Construction Managing

Many projects fail or delay due to incompetent management. As the business owner, it is essential that the construction manager understands their responsibilities and roles with the project. Whether they work on more than one is up to you. A competent manager should be able to problem solve challenges and issues as they crop up to prevent delays.

Each structure you erect needs a builders risk insurance in NY policy for any potential delays. Something may crop up out of your control. Don’t let it cost your business more than necessary.

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