Insurance Advisor

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

7 Reasons You Need to Use an Insurance Broker

7 Reasons You Need to Use an Insurance Broker

Do you want to save on your business expenses? Do you want more time to build your business and then enjoy the fruits of your labors? You can save both money and time by using an insurance broker to handle your business insurance needs. When most business owners think of saving money, they assume it means doing it themselves. There are many areas of your business where going DIY can save you money. With business insurance, though, going DIY could actually end up costing you more. More money, more time... Read More

Protect Your Business with a Business Insurance Check-Up

Protect Your Business with a Business Insurance Check-Up

When was the last time you had a check-up? No, not you personally—your business. Just as having a regular medical check-up can help keep you healthy and save you money, a regular business insurance check-up can help keep your business healthy—and save you money. As your business grows and changes, your business insurance needs will change as well. But too often, business owners fail to regularly check their insurance policies to make sure their coverage has stayed current with the needs of their business. If any of the following have... Read More

What You Need to Know About Travel Medical Insurance

What You Need to Know About Travel Medical Insurance

Does your health insurance cover you out of the country? If it does, you’re in the minority. Most US health plans do not offer health insurance coverage once you leave the United States. This means if you are injured or become ill while you’re traveling outside of the United States, your trip may suddenly become a lot more costly. But don’t cancel your dream trip around the world just yet. There is a solution. It’s called Travel Medical Insurance. Travel Medical Insurance is for those traveling outside their home country.... Read More