There is an old saying that goes "You can't get blood from a stone". I believe this saying applies to a recent Montgomery County, PA court case. In the legal malpractice case, plaintiff Sharon Williams alleged that her former attorney was negligent because he failed to obtain expert reports in support of personal injury claims related to six auto accidents.1Williams was being represented by Eisenberg Rothweiler Schleifer Weinstein & Winkler in...more
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 available. Completing an internship is a good way to learn the business. An intern will quickly learn if the business is right for him. The potential agent should start learning about the products the company sells. The primary policies are life, liability, property, and health.The potential agent needs to understand the difference between whole and term life. He or she needs to know how to sell the life policies. Sales training is offered by most companies. So the person who thinks he lacks sales skills need not worry. Liability protection is needed by people who own vehicles, businesses, and professional practices. Doctors and lawyers need liability insurance in case they are sued for malpractice.Property policies are needed by homeowners,...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...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 don't have lots of extra money to spend on things like accident coverage and insurance premiums. But with a little planning, you can still get a great policy at a low price.Types Of Insurance First, you need to understand what auto insurance is. The most basic type of insurance, liability coverage, only protects you against the costs incurred to other vehicles from an accident you cause. Liability coverage is required in the US for every driver, and so to be legal you need to have it. However, it only covers a small part of the costs of a vehicle accident. Most people need much more coverage, and it's especially important for many college students because you don't want to graduate with a bunch of debt caused by an accident.It's an unfortunate fact that many university towns are also good places for thieves to steal cars. College student auto...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...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