Learning About Employment Practices Liability Insurance (EPLI)

March 5, 2010
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Have you heard of EPLI or employment practices liability insurance? If you own a business, this type of plan plays a good part in securing your company from variety of claims. Probable claims include wrongful termination, sexual discrimination, sexual harassment, improper emotional distress, etc.

If you haven’t obtained this type of plan, this is the right time for you to purchase one. Recently, insurance companies have begun offering EPLI at a very reasonable rate. Although the rates still vary for every client, we can say that its cost is way cheaper compared to the same plan offered years ago.

Going back to the various factors that affect the cost of EPLI insurance,…

Advantages of Having Errors and Omissions Insurance

March 4, 2010
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Most of the times, companies acquire basic general liability policies to secure their business. Although having that plan is good, it would be much better if you avail of comprehensive E&O insurance as well. You must definitely consider purchasing errors and omissions insurance as it can certainly protect you and your venture from external business risks such as unintentional damage to the work of the insured party, damage to products, impaired property, and much more.

To fully protect your business, you might want to combine good professional liability coverage with complete errors and omissions coverage. This is strongly recommended to contractors who work in construction management or design and build projects.…

Acquaint Yourself with Insurance Claims

March 1, 2010
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As the world develops in parallel to new technologies and state of affairs, the insurance industry tries to be somewhat corresponding by upgrading and expanding their types of coverage and so as their claim settlement process. Although the latter is not actually that complicated, it is recommended that you understand the claiming process of your plan so as to lessen the aggravation on your part. Continue reading so as to acquaint yourself with insurance claims.

Here’s how the whole process transpire: Once insurance claims are submitted, claims adjusting come into play. The claims adjuster’s task is to question the claimant, study the hospital and police records, interrogate the witnesses and visit…

Higher Risk, Higher Car Insurance Premium

February 4, 2010
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When buying car insurance policy, you should understand that the rates significantly vary and it depends on the different levels of risks that companies take in insuring their policy holders. If you want to get the most inexpensive plan available, you should avoid appearing as a liability to your prospected insurance company.

To further lower the premiums, you can take extra precautions by installing some safety equipment. Car insurance providers greatly account simple actions like this one in setting the premium rate of its policy holders.

There is also a way for you to get an estimate of your rate. Nowadays, you can just go online and get multiple quotes through the…

How Are Insurance Premiums Calculated

February 4, 2010
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When purchasing any insurance, you should remember that insurance providers based the rates of these plans according to potential risks. The more risks there are, the higher your premium will be. To account for these risks, insurance company would designate your status based on age, gender and health, and that would further determine how much you pay for a given amount of insurance.

The insurance company will also ask you about your medical history. While filling up the health questionnaire, you need to be a hundred percent accurate. In case you lie to the company and they eventually find out about it, your policy would be canceled.

Most of the insurance company…

Why Are There Different Types of Policies?

January 21, 2010
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Ever wonder why is there such a wide variety of insurance policies available in the market? Some of you probably think that it just makes the process harder. Actually, you should be thankful if a company offers you different policies. This just means that you can get an insurance that would suit most of your needs. A good policy for you might not work for others and vice versa, that’s the main reason why there are multiple policies presented as you try to get an insurance.

As for its coverage, we understand that you want to get an insurance that would not cost you much. But be careful when trying to…

Pointers to Prevent Accidents and Obtain Lower Car Insurance Rates

January 5, 2010
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During this time of economic flux, every industry cannot promise their customers a stable pricing of their products, not even for the car insurance plans. If you want to know what you can do personally to reduce your premiums, the only answer to that is – be safe.

Each time a driver encounters an accident, expect that the premiums will be higher at the time of the policy renewal. Therefore, being extra careful on the road can definitely result to a lower car insurance rate. In a recent report, it shows that the most recurrent cause of accidents is related to cell phones. Regardless of the fact that text messaging has…

Claiming Insurance Reimbursement for Your Compression Stockings

December 15, 2009
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Don’t you just envy those ladies who don’t have varicose veins? Not only they have the full rights to flaunt their legs but they don’t have to spend money for compression stockings as well. Patients who suffer from venous disorders are sometimes required to wear compression stockings as part of their therapy. These stockings are quite pricey but they may be covered by your medical coverage. When buying stockings through the internet though, patients must pay for the stockings first then get reimbursement from the insurance company.

Patients are oftentimes intimidated by these big insurance companies therefore won’t pursue reimbursement. For your information, getting reimbursement can be somewhat simple. The most…

Unaccounted Work Injuries in California

December 4, 2009
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In a recent report it was said that workers’ compensation insurance coverage is not being utilized to finance work injuries because workers as well as employers are afraid to report the injuries. As a substitute, these injuries are most often treated either under group health or public health insurance. That means insurance providers avoid legitimate medical and disability claims, while collecting insurance premiums, and either the taxpayers or the group insurer gets stuck with the bill.

As a matter of fact, workers’ compensation claim frequency has progressively declined since 1990. It dropped almost 50% between 2004 and 2007 alone. The number of claims per 1,000 workers has dropped from 27.1 claims…

Prepping Yourself in Making a Car Accident Claim

November 12, 2009
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As we always say, it is better to come prepared than to be sorry in the end. This also suits the situation of making a car insurance claim. No one knows when accidents happen. Therefore, car owners should also be familiar with the process of making claims as you don’t want to end up being rejected. If you already have coverage, make sure that you read and understand the sections of the policy. Spending a little time learning about your insurance can definitely save you from such embarrassing scenario. Following are some guidelines that you have to bear in mind:

* Certain witness reports or contact details of the witness should…