Personal Lines – Spring 2018

What’s the Future of Auto and Home Claims Handling?

phoneLike everywhere else the digital world is bringing changes to the insurance industry.
Read on for details.

Eight Homeowners Endorsements You May Need

cashAn “endorsement” is an addition to the standard policy. Endorsements often, but not always, cost more. The added coverage could mean the difference between a claim that’s covered and paying out of pocket. Here are a few endorsements that you might need to cover frequently overlooked scenarios. Read on for details.

How to Buy Motor Home Insurance

framesWhether you own a deluxe land yacht with all the bells and whistles, a mini motor home, a towable motor home or folding camper, having any type of recreational vehicle represents a change in lifestyle…and insurance needs.
Read on for details.

Get a CLUE, Don’t Buy a Lemon!

A home’s prior loss history can affect your insurance costs. How do you find out about prior insurance claims?
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Life & Health Insurance Advisor – Spring 2018

Watch for Health Insurance Premium Increases

benefits gapReinstating the Health Insurance Act and repealing the individual mandate to purchase insurance could both contribute to a rise in premiums.
Read on for details.


Haven’t Saved Enough for Retirement? Here’s a Few Ideas

vision insuranceIf you aren’t on course to save $1 million by the time you retire, you’ll have to get creative. The Motley Fool, a multimedia financial-services company, says that’s the amount of money a couple will need to live comfortably after they retire.
Read on for details.

Life Insurance: When Free isn’t Enough

life insuranceEmployer sponsored life insurance may not meet all your needs.
Read on for details.

How Life Insurance Companies Get to the Truth

Life insurance companies need honest answers to questions about your health to determine appropriate premiums and coverage levels. Some applicants are tempted to leave out or misstate information they don’t see as important — or think will adversely affect their benefits.

Read on for details.

Insurance Buyers’ News – January/February 2018

How Changes at EEOC Could Benefit Employers

non-profits liabilityPresident Trump’s appointment to the U.S. Equal Employment Opportunity Commission could signal a more cooperative attitude at the agency. Read on for details.

Section 7 and Social Media in the Workplace

data management planningTwo restaurant employees complained about the company’s accounting department on Facebook — and were fired. Two teen center employees took to Facebook after an office meeting and disparaged their supervisors’ decisions — and were fired. James Damore used Google’s employee message boards to criticize how his employer was implementing its diversity policy — and was fired.
Read on for details.

Equipment Breakdown Insurance Provides More than Just Insurance

additional insuredIf you’ve been in business a while, you might have heard the phrase “boiler and machinery insurance.” Today it’s called Equipment Breakdown insurance and these now cover much more than boilers and machinery, hence the name change. Read on to learn more about this valuable coverage.
Read on for details.

What’s Covered in a Typical Equipment Breakdown Insurance Policy?

The typical equipment breakdown insurance policy includes the following coverages:
1. Damage to “covered property” at the location named in the policy …

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Employee Benefits Report -December 2017

Changes to 401(k) Plans Under Consideration

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Congress is debating possible changes to the 401(k) retirement plans employers offer their employees. Some of the ideas being discussed by Senators and Representatives would favor employees, some would benefit the federal government. Read on for details.

Vision Insurance Trends to Incorporate in Your Benefit Plans

2Employees increasingly rank vision insurance as one of the most important benefits. Here’s how to get the right plan for your employees:
Read on for details.

Proposed Changes to Group Health Insurance for Small Employers

3The president and congress continue proposing changes to healthcare laws and the country continues to debate what the effects of those proposals will be. Read on for details.

Getting the Most Out of Disability Benefits

You spend valuable time and money to offering benefits to your employees. So imagine how frustrating it would be for you and your employees if they were unable to enjoy the benefits they deserve.

Read on for details.

Insurance Buyers’ News – November/December 2017

Five Lessons from Recent Hurricane Losses

non-profits liabilityDamage from wind and water aren’t the only possible detrimental financial consequences of a hurricane. Read on for details.

Was Vegas Shooting Foreseeable?

data management planningIf a particular type of crime regularly occurs on certain business premises, could other businesses in that industry be held liable if they fail to take preventative measures against similar instances in the future?
Read on for details.


Avoiding Winter Storm Damage

additional insuredIt’s been an unusally damaging year of wildfires and hurricanes. As those kinds of events recede we need to look ahead to the always costly winter storm season that will soon begin.
Read on for details.


Ways to Fill Winter Storm Insurance Gaps

To cover many of the winter storm property insurance exposures not covered by named peril insurance policies, businesses can buy one of these types of property policies:

Read on for details.

Life & Health Insurance Advisor – Winter 2017

Financially Sound Ways to Give to Minors

benefits gapThere are many options for helping a child secure his or her financial future.
Read on for details.

Is Short-Term Medical Insurance a Good Fit for Your Situation?

vision insuranceIf you missed open enrollment or have certain “life events” short-term insurance can keep you covered.
Read on for details.

Take Steps to Improve Your Financial Retirement

life insuranceMost baby boomers have less than half the assets they expect to need in retirement
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Will Your Health Insurance Cover Your Trip Overseas?

The day has come! You’re headed overseas for the trip of your lifetime. But what happens if you get sick on the trip? Really sick?
Read on for details.

Personal Lines – Fall 2017

Five Practical Tips for Buying the Right Car Insurance at the Right Price

phoneIf you need insurance for a new car or you’ve been routinely renewing your car insurance with the same coverage and limits every year, it makes sense to evaluate your options before buying or renewing. Here are five practical tips:
Read on for details.

Protecting Your Family from Dog Bite Liability

cashThe Insurance Information Institute (III) reported that dog bite claims cost an average of $33,230 in 2016, an increase of 36% since 2008. If you own one or more dogs, do you have the insurance coverage to protect you from dog bite liability? Read on for details.

Do You Know What’s REALLY in Your Homeowners Policy?

framesMany homeowners don’t. The Insurance Information Institute surveyed homeowners to find out how well people understand their policies. Here are some of the findings of the III’s 2016 Consumer Insurance Survey.
Read on for details.


What Is a “Bite”?

Sometimes legal disputes arise over what exactly constitutes a “dog bite.” If the laws of the community where the bite occurred do not specifically define “bite,” courts generally hold that the dictionary definition applies. Webster’s Dictionary defines “bite” as: “To cut, tear, or grip with or as if with the teeth.”
Read on for details.

Life & Health Insurance Advisor – Fall 2017

Individual Health Care Marketplace Faces Serious Hurdles

benefits gapThere is good news and bad news on the individual health care front. First the bad news.
Read on for details.

Smart Ways to Plan for Retirement Savings

vision insuranceIf you have already started saving for your retirement, congratulations! You’re on the right path. However, just saving money will not be enough to ensure a comfortable retirement if you don’t make the right decisions concerning your plan.
Read on for details.

Critical Questions to Consider When Designating a Life Insurance Beneficiary

life insuranceLife insurance is a wonderful gift to leave your beneficiaries. They can use the proceeds to meet their financial needs, such as paying for housing, or helping them to reach their goals, like going to college.
Read on for details.

Should You Insure Your Loan Payments?

The Internal Revenue Service (IRS) allows you to deduct medical expenses on your tax return — potentially saving you a significant amount in taxes. To get these savings, you must keep detailed records. Therefore, it’s never too soon to start planning for the April 17, 2018, tax deadline.

Read on for details.

Employee Benefits Report – July 2017

The American Health Care Act: A Bill in Transition

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Wondering how the changes to the Affordable Care Act (ACA) will affect you? You’ll have to be patient. The American Health Care Act (AHCA) bill is still in flux. Possible enhancements or repercussions are only educated guesses at this time. Read on for details.

Voluntary Benefits: The Upside of Giving Employees a Choice

2Many employers rely on a robust benefit package to attract and retain employees. The challenge is determining which benefits will appeal to a diverse employee base.
Read on for details.

It’s the Law: Benefits You Must Provide Employees

3Employers have a lot of options for increasing the appeal of their benefits plans. But there are also certain minimums to comply with — benefits required by law. Read on for details.

Want an Edge Attracting and Keeping Millennials? Consider Offering Pet Insurance

The Nationwide insurance company estimates that 65 percent of Americans own at least one pet. Of those pet owners, the American Pet Products Association estimates 24 percent are millennials.
Read on for details.

Personal Lines – Summer 2017

What If Somebody Sues You?

phoneIn many instances, your homeowners insurance will cover you. You buy homeowners insurance to protect your home and your personal property. Many people don’t realize their policy also protects them from liability lawsuits and claims.
Read on for details.

Do You Need a Boat Insurance Policy?

cashIn 2015, the Coast Guard counted 4,158 recreational boating accidents that involved 626 deaths, 2,613 injuries and approximately $42 million dollars of damage to property. If you own or regularly operate a boat, you probably need more coverage than your homeowners policy provides. Read on for details.

Identity Theft — Bad News and Good News

framesIn 2016, financial losses due to personal identity theft totaled $16 billion and affected 15.4 million U.S. consumers, according to the 2017 Identity Fraud Study, released by Javelin Strategy & Research. In the past six years, over $107 billion has been stolen by identity thieves.
Read on for details.

Are Telematics in Your Future?

If you own, drive or even ride in a car, the answer is yes. By 2022, there will be an estimated 2 billion connected vehicles on the road worldwide. “This transformation will impact insurers, repairers and original equipment manufacturers (OEMs), creating new risks and opportunities,” according to Mac Fraser, a spokesperson for CCC Information Services.
Read on for details.

Insurance Buyers’ News – May/June 2017

Business Income Coverage: Survival Plan for Small Business

non-profits liabilityIn survey of business owners by Trusted Choice a few years ago, more than half of the owners said they didn’t have business income coverage. But more than half of businesses without business income insurance will close within three years of a serious loss. Business income insurance would “have protected those small businesses from that fate,” according to Trusted Choice spokesperson Madelyn Flanagan. Read on for details.

Why Private Companies Need D&O Insurance Too

data management planningPrivate corporations and nonprofits are less likely to be targeted in multi-million dollar directors and officers liability lawsuits than publicly traded companies. They still have risk exposures, though. In fact, in a recent survey by Advisen, 25 percent of D&O claims among private companies settled for $1 million or more. Could you protect your directors and officers from claims that large?
Read on for details.

What’s the Difference between Arbitration and Mediation?

additional insuredHow many times have you signed a contract that requires mediation or mandatory arbitration of disputes? Do you know what you’re signing?
Read on for details.

D&O Trends

These current trends affect both public and private companies:

  • Regulatory enforcement
  • Emerging risks
  • Changing policies

Read on for details.

Employee Benefits Report – April 2017

President Trump and House GOP Introduce Obamacare Replacement Plan

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Republicans Withdraw American Health Care Act

The American Health Care Act of 2017 was withdrawn by Republicans from the House on March 24, 2017 for lack of sufficient votes. However, even though the bill is moot at this point, the underlying issues, problems and possible solutions associated with the bill are still valid and significant, which is why we have left the following article as is and unedited. Read on for details.

Millennials Driving Growth of Health Savings Accounts

2As more employers offer high-deductible health plans amid rising healthcare costs, health savings accounts are becoming increasingly popular in the workplace — especially among millennials.
Read on for details.

Employees Overwhelmed by Complex Health Options

3As the healthcare market shifts toward individual responsibility, a survey found many workers are overwhelmed by the complexity of their healthcare options and many have a poor understanding of the benefits of health savings accounts. Read on for details.

Pension Plan Decline Prompts Interest in Annuities

While fewer employers are offering workers defined pension plans, a growing number of companies are taking a renewed interest in providing annuity income options to their employees, the Employee Benefit Research Institute found.
Read on for details.