Mexican insurance affords drivers, travelers, and homeowners a certain peace of mind. Many foreigners love traveling to Mexico; so much so, that many have found the experience so enjoyable that they have bought property in one of the beautiful Mexican states. Yet, even among experienced travelers and residents, a misconception lingers that insurance bought in the United States actually travels over the border and protects you even in Mexico....more
The Impact of M-Commerce on the Insurance Industry (Analyst Insight)Mobile commerce is emerging as a viable method of conducting insurance business through a wireless connection between consumers and insurers. The growing ecosystem of mobile devices coupled with more reliable wireless communications is cresting at the same time consumers are being more familiar with using these devices for commerce, entertainment and social purposes. (...more
The hotel industry is fortunate. The federal government's terrorism insurance backstop has been in place since 2002 with no disruption in coverage. In fact, in 2007, Congress approved the Terrorism Risk Insurance Act (TRIA), which extends the coverage through 2014. However, the language in both acts has made it clear – federally backed terrorism insurance is only temporary.That's because the government does not want to assume the role of insurer, and insurers would agree. Yet the much-needed coverage does provide coverage that lenders require. Should it become privatized once more, the costs could become prohibitive.Hotels that have such coverage aren't talking. But experts suggest that anywhere from 50 to 60 percent of hoteliers carry terrorism insurance on their hotels and properties under development. At the moment, the cost of a hotel terrorism insurance policy ranges from 2 to 10 percent of the overall hotel property insurance premium.The good news is that terrorism insurance rates are dropping. Last year, hotels could expect to pay 7.7 percent of premium. This year, 7.1 percent, according to the Insurance Information Institute.The bad news? If Congress doesn't...more
A taxi insurance policy is taken out for two reasons. The first reason is that the law makes it mandatory for the taxi owner or the taxi firm owner to have a taxi insurance policy before his taxis can practise commercially. In fact, the laws are so strictly implemented that without a taxi insurance policy the taxi owner can suffer significant fines...more
Saving money is essential today and this goes for cab cover as well. While you need to have the right level of cover to stay legal and safe while working, it is not necessary to go broke while doing so. There is a variety of ways out there to pay less for cover and still get adequate protection:1. Be on the lookout for freebies- Everyone loves...more
The demand for faster and more efficient courier services has never been greater now that the exchange of goods has expanded to include the online business of buying and selling tangible goods. People have learned to appreciate the convenience of shopping for a variety of goods available online, right in the comforts of their home, and getting them delivered right to their doorstep. And because of the ever increasing demand for a prompt delivery service, small to medium size courier services have sprouted all over. That is why there is also a greater need for this growing segment in the industry to learn about the benefits of getting a courier insurance coverage.The courier industry is a type of business that requires a sufficient amount of knowledge and experience before you can venture into this market, primarily because of the logistics. Most, if not all of the courier start-ups, are owned by people who have had previous training or exposure in this type of business.If you are one of those interested to venture into the courier business, or you are working as an independent contractor to facilitate the deliveries, or you may have just established your own start-up courier...more
All couriers are different and therefore also have different needs when it comes to insurance. Because of this, finding the right courier insurance for both employee and public liability would be a vital legal requirement that should apply to all...more
If you are a public or private hire driver, you are aware that you must have adequate cover for your business. It is necessary that any liabilities that may occur be fully covered, since this is the law. The myriad of choices you are often met with...more
We all have a need to save as much money as possible on everything that we can. When you have a taxi, this is very important, since this is the way you secure you living. You need to take as many precautions as possible to insure that your vehicle...more
Are you interested in buying a property? If you are going for real property then there are certain things that you need to keep in mind. One of the things that you might require is the title insurance.This kind of insurance is very much popular in...more
There was a time when every single potential buyer would dread the prospect of having to buy a taxi insurance policy. The reason for this was the fact that the whole process of acquiring the insurance policy, in those days, was extremely tedious and...more
There is a misconception amongst the masses regarding taxi insurance policies. As per this misconception, it is only natural that buying an insurance policy would take ages and a lot of effort. Another consequence of this misconception is that not...more