Blog

Smartphones & Insurance

Insurance and technology are finally getting together and it is going to be interesting to see what comes from it.    Insurance companies rely on data to determine what their rates are going to be. For years that meant keeping meticulous records and massaging the data to try and ...

How Much Are You Paying Your Insurance Agent?

How do insurance agents get paid? This is a question that many people have and yet they feel uncomfortable asking about it.   An agent is compensated for the work they perform for an individual or a business usually in the form of commission. Insurance companies pay on average around 10%...

How Can Filling Out An Insurance Application Help My Business?

One question I get a lot is why insurance applications ask so many questions. They are time-consuming and they seem to ask questions that have nothing to do with the insurance that is being applied for. As one of the people who help fill out these applications, I understand this 100%. ...

How Does Workers Compensation Work?

Workers Compensation is a method used by employers to compensate an employee who becomes injured at work or who contracts an Occupational Disease.    By law, most employers are required to provide workers compensation for their employees. There are few exceptions and each state is going to be a ...

How Much is General Liability Insurance for a Small Business?

One of the most important things to do when starting a business is to purchase Liability Insurance.    One question that a business owner often has is “How much does it cost?”   The potential damage that can be caused to both the physical property of others and/...

What is Risk Management and How Can it Help Your Business?

Risk Management plays a critical part of every business. Whether it is implementing a safety program, making sure our policies are correct and up to date, or tracking key indicators. We are all engaged in it at some level.   I want to step back from just the insurance side ...

Federal Financial Institutions Examinations Council on Cyber Insurance

On August 28th, 2019, the FFIEC issued a statement calling for the standardization of the Cybersecurity. As part of that call for standardization, In April of 2018, they issued a joint statement addressing Cyber Insurance and its potential role in Risk Management Programs for Financial Institutions. ...

Should you Carry More Than The State Minimums On Your Personal Auto Insurance Policy?

This is a question we get regularly. The State Minimums are about the Liability Section of your car insurance policy. These include both: Bodily Injury: Currently  $25,000 per person and  $50,000 per accident Property Damage:  $20,000 each accident or occurrence Because medical payments can vary quite a bit, let’s ...