An insurance program is a must element for the smooth running of a business. This program includes several insurances that could cover all the losses and damages in a business. Following are a few of the elements that should be included in the insurance coverage. This will be helpful for all business owners to avoid unwanted items from their insurance program. Liability insuranceAn inevitable element in the insurance program of a business is...more
You already know that your smoking habit is bad for your health and may affect many aspects of your life, including your job and your social interactions. And you probably also know that because you smoke and it is considered a high-risk behavior, that you will pay significantly more in premiums for your health and life insurance policies than would a non-smoker.You might not know, however, that your smoking also raises the premiums on your...more
Income Protection Insurance is getting very popular these days, especially when people are into large amounts of debt. Common men rely on their monthly income to pay-back any mortgage or debts also need to maintain their living expenses; but what if this income gets stopped? You need not worry about losing your assets, if you've the right kind of insurance.Income Protection Insurance may not be necessary for everyone. Young singles with no much debt may find it superfluous. But a person with dependents, wishes to purchase a property or wants to invest in a business, should and must take up this insurance. Without which, one will risk a great deal, if an accident or an illness prevent them from working for a long time.There are two types of Salary Protection Insurance named Agreed Value and Indemnity. The former is a bit expensive, but it will pay an agreed amount of income though you do not earn the same at the time of clamming it. So, you might earn a lot less, but the insurance will pay a percentage of the agreed amount. In the second type, there is no fixed amount promised so you'll receive a percentage of your income--at the time of your claim. So, this may be a disadvantage if...more
Insurance sector in India has become one of the most favoured investment destinations both for Indians and NRIs. India is the fifth largest insurance market among the globally emerging insurance economies. Growing interest towards insurance among people, innovative products and distribution channels are sustaining the growth of the insurance...more
Due to the unpredictable nature of life, insurance is often a necessity. While you can never completely prepare for the future or shield yourself entirely from disaster, insurance can greatly minimize the complications and aid in the recovery process. Whether it's commercial automobile insurance, life insurance, property insurance, or any other...more
The whole of the insurance industry is build on the concept of covering the risks of loss of life or loss or damage of an object related to the person taking up the insurance. Insurance though in real senses has nothing to do with the complete elimination of the risks as the risks could never be eliminated being a part of the inevitable truth of life. All that an insurance policy is capable of doing is indemnifying the person of the financial losses. The law of indemnity in insurance makes sure that the person who bears the loss is indemnified or is put back in the exact financial position that the person was in before the loss occurred. Now, this means insurance, be it health insurance, house insurance, life insurance or income protection insurance, the whole concept is based on the risk management which is used to hedge or take a countervailing action against the uncertain risks of excessive losses. Insurance being a legal contract between the insurer and the company is a form of legal document which carries a lot of formalities to be covered, which on the part of a layman gets a little difficult to go through unassisted. The concept of insurance broker comes into picture at this...more
If you have a company or are thinking of starting one, getting an insurance coverage must be among your top concerns. Small business insurance Peoria can protect you and your possessions in an assortment of methods. In some examples, you may even be...more
Many property owners frequently worry about the insurance plans for their tenanted residential properties but they fail to consider vacant building insurance. Ordinary insurance policies help them guarantee that their earnings producing properties...more
After paying a couple of premiums if the insured realizes that the insurance policy isnt serving the purpose, theres nothing one can do about it. If they want to cancel the policy before the term is complete, it is a huge loss for the insured as they...more
If you made the mistake of driving while intoxicated, the aftermath of a DUI can be devastating. You may not know where to turn, what type of legal issues that you will have to deal with, and how it will affect your car insurance over the long...more
Physicians can rest assured, knowing that they will be in demand for the long term: At some point in the past year, the Centers for Disease Control reported that more than 92% of children in the U.S. saw a healthcare professional, with adults a close...more
Term Insurance Policy is considered as the best insurance policy which generally provides best settlement ratio to its customers. Almost every insurance company settles a variety of claims every year. It depends upon each and every company as the...more