Tuesday, September 30, 2014

Hail Damage and Insurance Claims

The Insurance Information Institute's Bill Davis on The Weather Channel talking about hail damage and insurance claims.

Friday, September 26, 2014

Renters Insurance

Your landlord probably has insurance to cover the house or apartment building that you live in, but if your bicycle or television is stolen, that's your problem. Landlord Jim Eury says his insurance covers his property only. It does not cover his tenant's belongings nor does it cover them in case there is a lawsuit against them. Renters insurance will replace your property if it is stolen or destroyed in a fire. It also provides liability coverage in case you are sued. Before buying, estimate the value of your belongings. Bill Bailey, Insurance Information Institute says insurance policies have limits on coverage for expensive items such as jewelry, furs, and computers. You will need a special floater for these items to be fully covered. The price for renters insurance varies by company. For more information, check with your agent or company representative.

Monday, September 22, 2014

The i's on Insurance: Auto Coverage: You're in the Driver's Seat

Car Insurance is something every driver needs, but how much do you really know about your auto coverage? '

Tune in to "Auto Coverage: You're in the Driver's Seat to know more about the different types of automobile insurance, get helpful tips on responsible driving and even learn how to reduce your auto rates by getting the right coverage for your needs.

Thursday, September 18, 2014

The i's on Insurance: Your Homeowners Coverage

The Insurance Information Institute http://www.iii.org is all about helping consumers understand 'what insurance is and how it works.' If you're a homeowner, or are considering buying a home, you'll want to know the basics of homeowners insurance. "The I's on Insurance: Your Homeowners Coverage" explains what most policies cover (and don't cover). Watch and learn about liability, additional living expenses and other coverages in your insurance policy. And discover that protecting your family's home and belongings with a policy that balances your needs and budget doesn't have to be a chore.

Monday, September 15, 2014

Small Business Owners Get Big Relief from NFIB

At NFIB, we think you should concentrate on running your business, not playing every position in the line-up. That’s why NFIB members get access to exclusive discounts on services like credit card processing, insurance and operating supplies that can save more than $5,000 a year. Learn more: http://www.NFIB.com/MemberVantage

Friday, September 12, 2014

Top 3 Reasons You Need Contractors Insurance!

Most contractors are familiar with license bonds since many states require them in order for the contractor to be licensed. License bonds are NOT insurance as they serve as protection for your customer, not for you, the contractor. There are many different types of contractor's insurance, including general liability insurance, worker's compensation insurance (also referred to as workman's comp), commercial auto insurance, builder's risk insurance, equipment and tools insurance, and much more. If you don't already have contractor's insurance read on to learn the top three reasons why you need it.
1. Get on the Job
It has become more the rule than the exception that you show proof of liability insurance when you are bidding for a job. Almost all government agencies and most general contractors will require that you carry general liability insurance. If you are unable to show proof of this coverage with acceptable limits (usually $1 million/occurrence), you will likely lose out on that job.
2. Protect Your Assets
Whether due to human error, faulty materials, or weather-related incidents, accidents and injuries occur on construction job sites every year. Even with the most careful planning, getting involved in a court case with a client at some point in your contracting career is generally not a matter of if, but when. Additionally, as an employer you are held liable for the occupational injury, sickness, or death suffered by anyone you hire. Whether your business is at fault or not, the cost of a defense against a lawsuit can be devastating - and often significantly higher than the actual property or injury damages.
Commercial General Liability (CGL) insurance and workman's comp insurance were developed to provide protection to businesses for expenses of injuries to others and property damage. Don't risk everything you've worked for! If you don't have contractor's insurance and someone files a lawsuit against you, you could not only lose all of your company's assets, but your personal assets too. Protect yourself against lawsuits with contractor's insurance.
3. It's the Law!
In many states contractors are required by law to have commercial general liability insurance before they can even bid for a particular job, or at the very least they must disclose to homeowners whether or not they carry contractor's general liability insurance. If you disclose to homeowners that you don't have contractor's insurance, they are likely to choose another contractor.
Don't get caught without contractor's insurance. Protect your assets, gain more revenue, and maintain peace of mind with contractor's general liability insurance now.

Article Source: http://EzineArticles.com/6556460

Sunday, September 7, 2014

Water Damage

Water is responsible for millions of dollars in damage to homes every year. Candysse Miller of the Insurance Information Network of California says if homeowners took just 10 minutes a years to inspect their homes for water damage and corrosion, they could save themselves time, aggravation and money. The Insurance Information Institute says look for old and worn out water hoses on your washing machine and dishwasher, Check your water pressure, be sure to ventilate your bathrooms. Plumber, Eric Brockmire, says know where the main water-shut off valve is located in your home. Nanette McElman of the Institute for Business and Home Safety homeowners should inspect their homes for leaks.

Thursday, September 4, 2014

Why You Need Contractors Insurance

If you are a contractor in any type of field, you understand that there are certain risks that you and your client undertake when performing the necessary work to accomplish the task at hand. These risks could be solely upon either party or involve each equally. Each party involved needs to have that risk minimized so it will not interfere with their own business or even their personal lives. Contractors insurance provides this coverage to give you and your client the peace of mind that you both are seeking.
Contractors Insurance is a policy which is acquired by the contractor themselves. This policy covers and protects the contractor from any kind of liability which can occur while performing the course of the work. These types of insurance policies not only cover the contractor themselves but, they also cover any agents, employees, partners and the like from any kind of claims that may arise.
Depending on the type of policy which you will want to take out, the covered occurrences could include, fire, leaks, acts of God, war and terrorism, safety issues, etc. Before signing any policy, be sure to review every article within the policy to ensure that the liabilities you could incur are covered. Be sure to also exclude any type of liabilities that would not apply to your certain field. You wouldn't want to purchase and pay for coverage which you will never need.
There is a multitude of professional fields that could benefit with the added protection of carrying some form of Contractors Insurance. Most of these fields are predominately grouped into the construction field. They would include roofers, electricians, plumbers, framers, architects, engineers, etc.
Other fields that could use a similar form of insurance would be computer technicians, designers, landscapers, any form of demolition contractors, any many more. To see if you could protect yourself with this kind of insurance, write down all of the circumstances that could go wrong during your normal course of project completion and consult with your insurance agent. They will have the final answers for you and be sure to bring up your concerns with them. Your agent might have a different kind of insurance that would be better suited to your specific needs.
There are five different options of insurance to consider when forming your policy. They are General Insurance, Workers Compensation Insurance, Inland Marine Insurance, Disability Insurance and Bonds. For your particular area, you may need one, two, three or even all of the available coverage's.
Be careful to not waste your money on insurance options that you will not need. For example, if you do not transport goods such as a trucking company or other courier service, you would not want to spend the money on Inland Marine Insurance for that is what this type of insurance is for. However, if you have employees that are on your active payroll, you will not want to pass up the coverage for Workers Compensation Insurance coverage. Consult with your insurance agent to get the best coverage at the most reasonable price.

Article Source: http://EzineArticles.com/2817548