Insurance Advisor

How Are Life Insurance Premiums Calculated?

life insurance premiums

Have you ever wondered how your insurance company arrived at your premium payment amount? Does it seem like some mysterious formula that seems Greek to you? Is there anything you can do to reduce your premiums or are you just stuck with the amount they give you? Life Insurance premiums are calculated after looking at an individual’s health risk factors, such as tobacco use, cholesterol level, obesity, diabetes and family history. When applying for life insurance, the insurance company will determine your status based on your age, gender and overall... Read More

Top 10 Threats to Small Businesses—Part 2

threats to small businesses

Top 10 Threats to Small Businesses—Part 2 In our last post, we outlined some of the potential threats to small businesses. In order to develop a plan to manage and minimize risk, it is important to first know what those risks are. Some small business threats may be obvious such as theft, vandalism or fire hazards. Other risks are not so readily visible, such as the possibility of work injuries, data breaches or other legal risks. Part 2 of our Top 10 threats to small businesses outlines five more threats... Read More

Top 10 Threats to Small Businesses—Part 1

threats to small business

Optimism is the fuel that drives the entrepreneurial spirit, so it isn’t surprising that most small business owners consider themselves optimists. Too much optimism, however, can get a small business owner into trouble. A business plan built solely on the “best case scenario” is like a house of cards—one gust of wind (or fire or wrongful termination lawsuit) and the entire business can come crashing down. That’s why smart business owners temper their innate optimism with a healthy dose of reality. In other words, they learn to manage risk. The... Read More

A Handy Guide to the Most Confusing Life Insurance Terms

confusing life insurance terms

When it comes to choosing a life insurance policy, you have several choices. And like many industries, the world of insurance uses its own unique terminology to describe its products. For the rest of the world—and even for some insurance pros—these terms can be confusing. So, no matter which type of life insurance might be right for you, this handy glossary will help you understand some of the basics of life insurance. And if this doesn’t help you understand everything you need to about life insurance (and don’t feel bad—it... Read More

Why You Need to Buy Life Insurance Now

life insurance is like a parachute. If you don't have it the first time you it, there's no second chance.

So you’ve put off buying life Insurance and you have all these good reasons: You’re healthy so it’s a waste of money. You can always get it later. Your spouse has an income so life insurance isn’t necessary. You have enough savings and assets. It’s too complicated.   Really? Let’s Take Another Look If you buy life insurance now while you’re young and healthy, you will pay less for it than you will at any future time. If you wait until you are sick to buy life insurance, you’ll pay a very... Read More

7 Unusual Ways to Save Money on Your Workers’ Compensation

7 Unusual Ways to Save Money on Your Workers’ Compensation

Do you pay too much for your workers’ compensation insurance? Have you taken all of the obvious steps to reduce the cost but wish there was still something more you could do? Sometimes it helps to get a little creative when considering ways to make your workplace safer and reduce the risk of on-the-job injuries. Here are seven unusual ways to save money on your workers’ compensation. While the benefits of these may not seem immediately obvious, over time you will be able to recognize their usefulness.   Choose a... Read More

4 Elements of a Successful Safety Program

4 Elements of a Successful Safety Program

No business wants employees injured on the job. A serious fire, a permanent injury, or the death of an employee or owner can be devastating to both those involved and the business. You may not always be able to prevent any injuries, but you can definitely reduce the risk—and you can do it without breaking the bank. You do need to use good business sense, though, and apply sound prevention principles. An accident happens because something went wrong. It may take some investigating to determine what, but an accident always... Read More

How to Save Money on Your Workers’ Compensation Insurance

How to Save Money on Your Workers’ Compensation Insurance

Workers’ Compensation Insurance can be one of the largest insurance expenses for small businesses—and it’s not an optional coverage. All businesses with employees must carry Work Comp Insurance. Just because it’s mandatory, though, doesn’t mean you can’t control your costs. There are many things you can do to help keep workplace injuries down and Work Comp costs under control. Here are three areas where you can make a difference and save money on your Workers’ Compensation Insurance. For more information about controlling Work Comp costs, give Roper Insurance a call today... Read More

Disability Insurance Basics–Is Your Paycheck Protected?

Disability Insurance Basics-Is Your Paycheck Protected?

Your most valuable asset is your ability to earn an income. Have you ever thought about what would happen if you experience a serious illness or injury? How would the loss of your income impact you? In addition to your day-to-day living expenses, a disabling injury can also lead to additional expenses, such as increased medical and household costs. If you’re like most working Americans, your savings account isn’t nearly big enough to see you through a disabling injury or illness. Even the loss of one paycheck, coupled with medical... Read More

4 Reasons You Need Key-Person Insurance Now

4 Reasons You Need Key-Person Insurance Now

Key-Person Insurance is life and/or disability insurance on the critical employees in your company. This could be business partners, executive officers or other key employees upon whom the success of the business depends. If your business isn’t protected, an unexpected injury, illness or death could torpedo the success you’ve worked so hard to achieve. Key-person insurance can protect that success and help keep your doors open. Here are four ways key-person insurance can benefit your company and why you need it today.   Maintain Revenue During a Transition If you... Read More