Insurance Advisor

How Will Your Business Survive A Disaster?

How Will Your Business Survive A Disaster

Disaster can strike anytime, anywhere, and often with little or no advance warning. Here in Colorado, we’ve seen disasters of all types in recent years, from natural disasters like floods, fires and tornadoes, to human-caused disasters like accidents and oil spills  According to FEMA and the Insurance Information Institute, as many as 40 percent of businesses forced to suspend operations due to a natural or human-caused disaster never reopen their doors. Have you thought about the challenges and struggles your business would face in the wake of one of these... Read More

What You Need to Know About Professional Liability Insurance

What You Need to Know About Professional Liability Insurance

Professional Liability Insurance, also known as professional indemnity, malpractice, or errors and omissions insurance, is an essential but often overlooked insurance coverage for professionals in many fields. Professional liability insurance covers liability for damages arising out of professional services, whether from the performance of such services—or a lack of proper performance. This insurance covers you and your business from claims not covered by commercial general liability coverage. Professional liability insurance protects professional personnel against negligence claims made by their patients or clients. Professionals who should consider this type of liability... Read More

Final Regulations To Stabilize Individual Health Insurance Market Issued

Final Regulations To Stabilize Individual Health Market Issued

The Department of Health and Human Services (HHS) issued final regulations to help stabilize the individual and small group markets on April 13, 2017, These final regulations take effect June 19, 2017, and do not significantly differ from the proposed regulations issued February 16, 2017. They will not directly impact large group health plans. They are intended to help stabilize the Health Insurance marketplace, and provide more flexibility for states and insurers, as well as to give individual health plan consumers more coverage options. These rules will include the following policy changes:... Read More

Do You Know What You Need to Know About Liability Insurance?

Do You Know What You Need to Know About Liability Insurance

Liability insurance is a must for every business. Liability insurance protects your business from loss should you be liable for damage or injury. However, a single liability insurance policy may not cover every possible type of liability. The basic liability insurance policy that every business needs to have is called Commercial General Liability Insurance. Commercial General Liability insurance protects your business from financial loss if you are found liable for property damage, or injury caused by your services, your business operations or your employees. It also covers non-professional negligent acts... Read More

How to Control Work Comp Costs Through Successful Premium Audits

How to Control Work Comp Costs Through Successful Premium Audits

Work Comp can be one of the most expensive and most frustrating of insurance costs for small business owners. There are many ways to control work comp costs, and many insurers and safety experts provide safety training and resources to help reduce injuries. There is another way to control your work comp costs, though, that isn’t talked about as much. And that is to make sure that you’re not paying too much for your coverage to begin with. Besides finding the right work comp insurance company, you also need to... Read More

Obamacare Replacement Bills Introduced in Congress

American Health Care Act Introduced in Congress

Republican leadership in the U.S. House of Representatives introduced two bills to repeal and replace the Affordable Care Act (ACA), also known as Obamacare, through the budget reconciliation process. These bills are collectively known as the American Health Care Act. To become law, these bills must go through the legislative process, although a budget reconciliation bill can be passed with a simple majority vote. Debate on the legislation is scheduled to begin on March 8, 2017. Impact On Employers This new act will not entirely repeal ACA, but will make... Read More

International Travel Insurance Can Protect Your Staff on the Road

International Travel Insurance Can Protect Your Staff on the Road

Do you or your employees travel out of the United States on business? Do you protect yourself and your employees with international travel insurance? Have you ever thought about it? Your employer-provided health insurance doesn’t provide coverage outside of the US. And what if there’s a weather-related delay, lost luggage or other difficulties of travel? International Travel insurance offers a broad range of benefits and services, such as worldwide emergency hotline services, medical evacuation, reimbursement for unexpected cancellation or delay, and more. Companies with employees who travel abroad for business... Read More

Disability Insurance Can Help When You Can’t Work

Disability Insurance Can Help When You Can’t Work

Have you ever suffered an injury or illness that caused you to miss work? Not just for a sick day, but for a month or two—or even longer? If you have, how did you make up for the lost income after you ran out of sick leave (if you even had it)? If you haven’t, have you thought about what you will do when it does happen? Are you thinking it isn’t going to happen to you? According to disabilitycanhappen.org, more than 25% of today’s 20-year-olds will become disabled before... Read More

Do You Know the Right Life Insurance for You?

Do You Know the Right Life Insurance for You?

If something were to happen to you today, is your family protected? Will your spouse be able to continue paying the mortgage and the car payment? Will your children’s needs be provided for? If you have the right life insurance policy, the answer to these questions will be yes, and you and your family can rest easy, knowing they won’t be left with a double tragedy. Do you know the right life insurance for you? Life insurance is not a one-size-fits-all policy. It is available in a number of different... Read More

Do You Know the Risks of Using Drones for Business?

Do You Know the Risks of Using Drones for Business

While the military and hobbyists have been using unmanned aerial systems (UAS), better known as drones, for some time, businesses are now finding a myriad of uses for them. Drones are creating new opportunities—and new risks—for businesses, and regulators and insurance carriers are  working hard to keep abreast. Are you using drones in your business? Have you made yourself aware of the risks of using drones for business and addressed those risks with your insurance broker? Here are some of the things you need to know. Regulation The FAA considers... Read More