Informative articles on insurance, safety and risk for you, your family or your business. Each article includes a link for you to share with anyone who may benefit.
Disability Insurance is designed to reimburse lost wages in the event of a disabling accident or illness. Different policies have different stipulations but nearly all require a waiting period before disability payments begin and will reimburse for a pre-defined percentage of your income, generally 45% - 60%. There are two broad categories, Long Term Disability (LTD) and Short Term Disability (STD). Premiums and waiting periods will differ between the two types along short term and long term category lines.
Continue Reading...
Ocean marine insurance is sometimes referred to as "wet" Marine Insurance. Since Ocean marine insurance is designed for property transported by water it would seem to make sense that Inland Marine Insurance would apply to goods and property transported by land and could be called "dry" Marine Insurance. That is accurate enough but not nearly a complete description of Inland Marine Insurance.
Continue Reading...
Ocean Marine Insurance is generally regarded as the oldest form of insurance. In fact, the term 'underwrite', which dates back to 1430, was literally the practice of accepting risk for the transit of ocean vessels and their cargo by signing your name under a contract listing a description of the shipment. Today, ocean marine insurance policies are used to cover watercraft of varying descriptions (hull coverage), cargo and liability related to various marine activities. The common policy types that fall into the broad category of ocean marine insurance include: Hull Insurance, Marine Cargo Insurance and Yacht Insurance.
Continue Reading...
Professional Liability Insurance...what is that and who needs it? If we changed the name to 'malpractice insurance' most of us would answer the question right away by responding 'doctors'. But the fact is 'malpractice' is a concern for professionals across many fields of endeavor.
Continue Reading...
A survey of 422 businesses in May and June of 2006* indicated that, for 89% of the participants, at least one new law suit was filed in the prior year. Lawsuits brought by employees, both current and former, has been a litigation growth area in the recent past. And prospective employees who feel they were wrongfully passed over for an employment opportunity are also more likely than ever to bring suit.
Continue Reading...