Insurance News Center

Did You Know?

According to the Los Angeles Times, it may cost as much as 30 percent more to rebuild parts of a home than to completely build a new one from scratch. Demolition and removal of damaged property are pricey, limiting what a homeowner can do when rebuilding only parts of a home.

Property Insurance Considerations

Limits on your homeowners insurance are established to protect your family in the event that something goes wrong. In an effort to remain...

READ MORE

Every business leader shares a common, pressing concern: how to keep the cost of their employee benefit plans manageable, all the while being appealing enough to attract and retain talent.

With all of the effort and anxiety that comes with the benefits renewal process, can you honestly say at the end of the day that your employees feel that these benefits are actually benefiting their needs?

Let’s face it—health insurance is expensive, but that doesn’t mean you can’t design a...

READ MORE

Did You Know?

Insurance is mandatory in order to operate a vehicle in the United States, and every state has specific coverage limits that you must meet. While meeting these minimum limits may be enough to get you on the road, they are often inadequate if you are involved in a serious accident. As such, you may want to consider raising your limits in order to secure the right protection.

The Problem with Minimum Coverage

Most states require drivers to carry basic...

READ MORE

Remodels and other home improvements are an important part of being a property owner. When done correctly, these projects can add value to a home and make it more attractive to future buyers.

Unfortunately, hiring a contractor to complete home improvement projects is not always simple. The average homeowner is often unaware of the average cost of materials and labor. What’s more, construction projects can be stressful, and it’s common for individuals to rush when choosing a...

READ MORE

Let’s Make This Your Best Open Enrollment

It’s that time of year again—Open Enrollment (OE) season is upon us. This can be a stressful time for both employees and employers. In fact, the 2017 ALEX Benefits Communication Survey showed that 36% of the employees polled say the open enrollment process at their company is extremely confusing and 49% of employees whose companies...

READ MORE

In our increasingly litigious society, the threat of a lawsuit hangs over every business transaction, large or small. Even employers who adhere to the letter of the law at all times are likely be sued by an aggrieved employee or customer at some point. While many suits are groundless, defending against them is costly and time consuming.

If you carry employment practices liability insurance (EPLI), your business has a measure of protection against lawsuits from current, prospective or...

READ MORE

Teens and young adults often face hefty auto insurance premiums because, statistically, they are more likely to get into car accidents. The Department of Motor Vehicles reports that the crash rate for those between the ages of 16-19 is 2.7 times greater than that of the average driver. However, most carriers offer a simple solution to combat this financial burden—offering a good student discount.

The good student discount is an auto insurance discount provided by carriers that...

READ MORE

Employers - is the cost to offer health benefits to your employees busting your budget? If so, there are many ways to take charge of your own fate when it comes to managing health care risk, controlling claim costs, and engaging individuals in the process. Over the years, I’ve highlighted the importance of funding options other than full insurance; plan designs that drive individual engagement and accountability; a well-being program to keep individuals healthy and productive; and data...

READ MORE

Employee benefits liability (EBL) is insurance that covers businesses from errors and omissions that occur when employee benefit plans are administered. These errors and omissions may include failing to enroll, maintain or terminate employees in a plan, and failing to correctly describe benefit plans and eligibility rules to employees.

EBL insurance covers a wide range of plans, including health, dental and life insurance, profit-sharing plans, workers’ compensation and employee stock...

READ MORE

Pages

Subscribe to Insurance