Insurance Advisor

What You Need to Know About the ABCD’s of Medicare Benefits

What You Need to Know About the ABCD's of Medicare

Medicare is the government medical program for seniors. Medicare was instituted in 1965 to ensure that older Americans would have access to the health they needed in their retirement years. You will become eligible for Medicare at 65 and may enroll for Medicare Benefits three months prior to the month of your 65th birthday, during the month of your 65th birthday, and three months after your 65th birthday. Medicare has four parts: A, B, C, D Part A is given to you by the government and covers 80% of your... Read More

Protect Your Business with Employment Practices Liability Insurance

Protect Your Business with Employment Practices Liability Insurance

According to a recent study, more than half of all claims filed for employment-related liabilities are against employers with fewer than 50 employees. Alarmingly, the study also reveals that not even 2 percent of small businesses have employment practices liability insurance (EPLI) coverage. Employment Claims Can Be Costly Employment-related claims can be extremely costly, especially in cases that drag on for years. With a slow economy and increasing adoption of worker-friendly laws, these cases are on the rise—in fact, discrimination claims have increased significantly in the last 20 years. According... Read More

What Happens If I Miss Open Enrollment?

What Happens If I Miss Open Enrollment

It’s open enrollment time for health insurance and other employee benefits.Open enrollment is the time when you can enroll for the first time in your employer’s health insurance plan, change insurance coverages, and add or remove dependents. This is your opportunity to take advantage of important benefits, such as health, vision, dental and life insurance, a health savings account (HSA), and a retirement plan. If you miss your employer’s open enrollment deadline you could lose coverage for you and your loved ones and  be unable to make changes or enroll... Read More

How to Prepare for Your Cyber Liability Insurance Policy

How to Prepare for Your Cyber Liability Insurance Policy

Do you have cyber liability insurance for your business? If you use computers and mobile devices in your business, especially if you store critical company information or personal identifying information or financial information about clients and employees, you need cyber liability coverage. Every insurance policy starts with an application, and cyber liability insurance is no different. While the underwriting process in long-established insurance lines is streamlined, this is not the case for cyber liability insurance. Currently, application forms for cyber insurance are not standard and can be complex—often consisting of... Read More

Considering a Self-Funded Healthplan for Your Company? Here’s What You Need to Know

self-funded v. fully insured healthplans

Are you looking at different options for your company health benefits? Do you want something other than a traditional fully-insured health insurance plan? All group medical benefit plans fall into one of two categories: self-funded or fully insured. The choice of one over the other should not be made arbitrarily. Each type carries its own set of administrative rules and legal constraints.   What is Self-funding? Under a fully-insured health benefit plan, an insurance company assumes the financial and legal risk of loss in exchange for a fixed premium paid... Read More

Are You Prepared for a Fire Emergency?

are you prepared for a fire emergency

Fires are the leading cause of home injuries and death. Most of us have seen the tremendous power of fires, including the devastating fires in California this week. October 8-14 is National Fire Prevention week and their theme this year is “Every Second Counts,” focusing on the need to have an emergency plan in the event of a fire, either at home or in the work place. Do you have a fire safety plan in place for your home and your workplace?   Prevent Fires The best way to practice... Read More

Educate Your Employees on the Importance of Life Insurance

educate your employees on the importance of life insurance

Although life insurance is one of the most common employer-provided benefits, many employees do not appreciate its value. Life insurance can be an invaluable benefit should tragedy strike one of your employees. As an employer, you are well-positioned to educate employees on the importance of this coverage. What’s in it for you? Educating employees about life insurance can yield higher enrollment, greater appreciation for your benefits package and increased loyalty to the company. Many employees are not financially savvy, but are interested in learning. Financial education from their employer can... Read More

Boost Employee Benefits with Group Life Insurance

Boost Employee Benefits with Group Life Insurance

Employee benefits are one of the best ways to attract and retain qualified employees. Most employers these days offer at least basic health and dental insurance. There are many additional employee benefit options available to employers, and one of the most requested and most beneficial is group life insurance. This article covers many of the basics of offering group life insurance and some of the employer options for providing it. Types of Life Insurance Life insurance is divided into two categories: term and permanent. Term life insurance has a specified... Read More

Commercial General Liability: Do You Have This Essential Insurance Coverage?

Commercial General Liability Do You Have This Essential Insurance Coverage

What would you do if a customer or vendor is injured while at your business? What would you do if a customer is injured by one of your products? How would you handle the medical bills or legal expenses? Commercial General Liability insurance is the coverage your business needs to protect you from these and other possible hazards of being a business owner. This insurance protects your business from damages caused by bodily injury or property damage for which your business is found to be legally liable.   What Does... Read More

How to Save on Work Comp Costs with a Safety Program

How to Save on Work Comp Costs with a Safety Program

Work comp costs can be one of the highest insurance costs in any business. There are many ways to save on work comp costs but one of the best and most effective ways is to reduce work injuries. And one of the best ways to reduce injuries is to create a company culture of safety by implementing a company safety program. With help from safety programs, you can save your company money, improve productivity and increase employee morale on the road. Here’s how. According to the Occupational Safety and Health... Read More