The Importance of Regular Premium Audit for Business Insurance

When you purchase a tailor-made commercial insurance policy, the insurance company will typically calculate premiums as an estimate of the exposure base. More specifically, you will have to predict changes that may occur in your business aspects such as payroll, cash flow, liability exposure, and sales, from which a suitable premium amount will be determined. Read More

Will My Life Insurance Policy Have Any Tax Implication?

Getting life insurance for you and your family helps to secure your financial future to a reasonable degree. When assessing whether a specific plan makes sense to you before buying, you’ll need to consider more than just the coverage offered and premium rates. Understanding taxes on life insurance premiums is also a crucial step toward Read More

8 Types of Gym Insurance Policies to Protect Your Fitness Business

Gym insurance comprises multiple policies that cover fitness businesses against liabilities, property damage, and other forms of financial loss. Liabilities may arise from issues like injury lawsuits brought by clients and professional mistakes by your employees. As with any other business, your gym also needs protection against financial loss due to the theft or loss Read More

What to Expect If You Pass Away Right after Buying a Life Insurance Policy

According to the Insurance Information Institute (III), life insurance coverage is a policy in which the insurance company promises to pay death benefits to your beneficiaries after your death. In exchange, the insurer requires you to pay premiums throughout the term of the policy. Usually, a life insurance policy can take effect anywhere from 24 Read More

Does My Auto Insurance Policy Cover Scratch Repairs?

Auto insurance can pay to repair scratches to your car or another motorist’s, but how this works depends on multiple variables. For example, your insurer will consider your type of coverage and whether it covers the cause of the scratch. Also, your deductible will determine whether or not filing a claim for a scratch makes sense. Read More

A Guide to Help Review Your Options for Flood Insurance in CA

Floods can happen anywhere, not just in places where there is a well-documented history of flooding. Due to the unpredictability of weather, every homeowner and business owner should have some kind of flood insurance in CA. According to FEMA’s National Flood Insurance Program (NFIP), flooding is the most common type of natural disaster in the Read More

What You Need to Know About Wildfires and Insurance Coverage

According to a recent article published in the New York Times, wildfires in the U.S. have grown larger and more destructive over the years.  For instance, in 2020 alone there were over 58,000 fires, more than 40% of which occurred in California per the National Interagency Fire Center (NIFC). Apart from killing at least 30 Read More

All You Need to Know About Gym Insurance

The fitness business is prone to many industry-specific risks. For instance, in 2019 alone, 468,315 people ended up in the emergency department due to injuries relating to exercise and exercise equipment, according to the National Safety Council( NSC). However, third-party injuries are not the only possible source of liabilities in the fitness industry. For instance, Read More

Can Mold Infestations Be Covered by Home Insurance?

A standard homeowners policy or condo owner insurance covers the house, related structures, personal property, yard, and liability. A common problem that can cause issues for homes is mold. Here is a look at how home insurance deals with mold coverage. When Is Mold Covered by Your Insurance? Your condo, homeowners or renters insurance policy Read More