Immediately upon entering into a contract with its policyholder, an insurance company automatically has the responsibility to act fairly and in good faith toward its policyholders. When an insurance company doesnt act in accordance with these moral standards, thats when a bad faith insurance claim comes into the picture. Basically, what this means in simple terms is that if an insurance company enters into a contract with a policyholder, but has...more
Insurance agents earn a good income. Some agents work for a salary. Some work for salary plus commission. Agents who work for commission only could earn a better salary than those who work for a salary. People who work for commission only have to work hard however to make sure they will be able to pay their bills. The agent has to know how to sell his products.People in college can call local companies and find out if there are internships...more
Most people own several different types of insurance but seldom think of saving money by combining them. Lots of agents will actually recommend doing that to save you money, and to ensure they have your business in several areas of insurance.Homeowners need to have insurance for both house and contents. It is always best if insurance policies for both are taken out with the same company. There are three main reasons for this; it will work out cheaper, the policyholder can be sure that everything is covered, and in the event of a claim it will make the process much easier.Nearly all insurance companies offer a discount if more than one policy is held with them, and several companies also offer a combined house and contents insurance policy. This is often to the value of around 15% less than the cost of having separate house insurance and contents insurance policies. Multiple policy discounts are a great way to make savings on insurance.Insurance companies may offer other discounts and rewards which can be attractive to purchasers. Flexible payments and policy excess options can vary from company to company.Different companies have slightly different definitions of what are contents...more
If you are an individual or company that provides various services to a client in return for a fee, you have a need for e&o insurance. While most business owners understand the important of property insurance, tenants insurance, general liability insurance and workers compensation, many overlook the need for e&o insurance coverage. Because the...more
If you're in college, or you have a son or daughter who is in college, you know how hard it can be to make sure you're protected from the costs of a car accident. That's why it's important to have good car insurance coverage. But how do you find good college student auto insurance that is still affordable? Everybody knows that college students...more
If you need engineers insurance, you really need to know that you are dealing with professionals. After all, engineers professional liability insurance can be difficult to understand, and in order to find the best deal possible you must only speak to a company which has plenty of relevant experience in this very specialist insurance field.Fortunately, there are some firms which are specialists in the field of professional liability insurance for engineers, and have been working at it for years. With something which is, let's face it, as specific and complicated as this, it stands to reason that you must deal with experts.It doesn't make a difference whether you are a new or relatively small firm of engineers, or whether you are a big firm with lots of years trading experience, engineer insurance is still tricky and a very specialist insurance area. The job of an engineer is rife with danger (even more so than a doctor in many ways) so it really is of the utmost importance that you have the proper amount of engineer liability insurance. Don't cut corners on this section of business; you owe it to yourselves to choose a firm which can provide adequate protection,...more
Getting the best available motorcycle insurance is of the upmost importance if you ride a bike. There is no reason at all to take risks in these issues as the more things you can cover, the easier it will be for you to ride freely.Insurance is...more
Yes, your bike tells the world you were born to be wild; but as you get your motor runnin' and head out on the highway, your bike insurance ought to reassure the world you also were born to be prudent and wise. Working with a full-service bike...more
Work out a budget You may be tempted to take out as much cover as you can, but if you dont really need it, you may find you will be paying for something unnecessarily.Decide what age you wish to retire Most Income Protection policies will cover you...more
By Lance Wallach, CLU, ChFC and Ira Kaplan, Esq., CPA, MBAOver the past decade, business owners have been overwhelmed by a plethora of arrangements designed to reduce the cost of providing employee benefits and taxes, while...more
Statutory audit preparation is critical, particularly at the corporate level. It's essential to have a full-spectrum statutory audit function in place at all times. Self insured businesses require a complete information system based on formal...more
Its what you work hard for all year. That precious week or two away. Now it is all booked and you cannot wait to get away. You have put the date on the calendar, although you are hardly likely to forget it. Maybe there is one thing that you have...more