The Best Cheap All Insurance: liability insurance

Showing posts with label liability insurance. Show all posts

Wednesday, March 16, 2016

Arizona Employment Practices Liability Insurance

If your Phoenix or Scottsdale, Arizona company has employees, then having an Arizona EPLI insurance policy is vital to your insurance program. When discussing employment practices liability insurance, or EPLI for short, we are referring to an insurance policy which covers businesses against alleged claims by workers that their legal rights as employees of the company have been violated. In recent years, Arizona companies have seen the number of lawsuits filed by employees against their employers rise dramatically, with the average claim paid approaching six figures.

While the majority of suits are filed against large corporations, please be aware that no company is immune to such lawsuits and more small companies are seeing lawsuits being filed against them. Recognizing this fact now more than ever, smaller companies need this type of Arizona EPLI insurance coverage for their Arizona businesses. Whether your company is a corporation, a partnership, or an LLC, EPLI provides protection against many kinds of employee lawsuits, including claims of sexual harassment, discrimination, and wrongful termination, to name just a few.

Arizona Directors and Officers Liability Insurance

Unknown at 4:16 AM No comments:

When we discuss Arizona Directors and Officers Liability Insurance, we are referring to a liability policy whose coverage provides protection for past, present and future directors and officers of for-profit companies, privately held firms, non-profit companies and educational intuitions from damages resulting from acts alleged or actual wrongful acts that directors and officers may have committed in their positions with the company.

This type of liability policy provides protection in case there's any actual or alleged error, omission, misleading statement given or breach of duty. In effect, the policies function as a management of errors and omissions liability insurance covering claims resulting from managerial decisions that have severe financial consequences. When a company assembles a board of directors, it is a wise business investment to acquire a Directors and Officers Liability Insurance coverage.

Please note that this type of policy is not errors and omissions liability coverage. Many times, clients confuse these two types of coverage. An Arizona directors and officers insurance policy is very important for any company that has officers responsible to investors or a board or if there's a possibility a lawsuit is able to breach the business veil and hit executives directly. This insurance plan will be a safeguard against that scenario as well.

Tuesday, March 15, 2016

California Directors and Officers Liability Insurance

Unknown at 10:07 PM No comments:

When discussing Orange County, California Directors and Officers Liability Insurance, we are referring to a liability policy whose coverage provides protection for past, present, and future directors and officers of for-profit companies, non-profit companies, privately held firms, and educational institutions from damages resulting from acts alleged or actual wrongful acts the directors and officers may have committed in their position with the company.

This type of liability policy provides protection in case there's any actual or alleged comissions, errors, misleading statements given, or breach of duty. These policies function as management errors and omissions liability insurance covering claims resulting from managerial decisions that have severe financial consequences. When your Orange County, California assembles its board of directors, the wise choice is to acquire Directors and Officers Liability Insurance coverage.

Please take note that this type of policy is not errors and omissions liability coverage, so clients sometimes confuse the two types of coverage. An Orange County, California directors and officers insurance policy is very important for any company that has its officers responsible to investors or a board, or if there's a possibility of lawsuits able to breach the business veil and hit executives directly. This insurance plan will be a safeguard against that scenario as well.

Sunday, February 14, 2016

New York Health Insurance Explained

Unknown at 4:50 AM No comments:

Millions of us now have health insurance under the Affordable Care Act, or what some people call Obamacare. But like many things in life, your health insurance can often be confusing and complicated. Whether you've been insured for years or you're new to the game, understanding your policy is important to your health...and your wallet. First things first, you have to pay your premium every month or your insurance could get cancelled - kind of like your cable subscription. You can also think of it like a shared health care piggy bank -- we all chip in each month, even if we're healthy, so the money is there when we need it.

If you get insurance at work, your employer probably pays most of your premium and the rest comes out of your paycheck automatically. If you have Medicaid, you most likely don't have to pay any premium at all -- the federal government and your state take care of that. If you're insured through a new health insurance marketplace, depending on your income, you may be eligible for a tax credit that pays a portion of your premium. Once you have that shiny new insurance card, you'll want to try really hard to keep it in your wallet! To better your odds at staying healthy, be sure to take advantage of the free preventive services that all new insurance plans provide.

But of course...stuff happens. And that's when insurance really comes in handy. Now, having insurance helps a lot, but it doesn't mean all your health care is going to be free. There are lots of details about your insurance plan that affect how much you pay when you get sick or injured. If you have Medicaid, a lot of these services could very well be free. Otherwise, you'll likely have to pay something when you go to the doctor or fill a prescription. This is called a copay when it's a specific dollar amount -- like $25 per visit...or coinsurance if it's a percentage of the bill. There's also the deductible -- that's how much comes out of your own pocket before your insurance starts paying. Depending on your plan, you might have a deductible for all your care, or it might only apply to some types of care, like hospital stays and prescriptions.

So read your plan material, because it can add up to thousands of dollars! Another important part of your plan is the out of pocket maximum. This is the most you'll ever have to pay in any one year. At least for the benefits your plan covers. Your insurer will pay 100% of anything beyond the maximum for the rest of the year. It can be just as confusing dealing with prescriptions! Your plan has a list of drugs it will pay for, called a formulary, but the prices vary. Check with your doctor or pharmacist, because a generic drug might fix you up the same as a brand name drug, but the price difference could be huge. So, those are the costs typically involved, but remember that they'll be affected by your insurance plan's provider network. This is a list of doctors and hospitals that are connected to your plan. Insurance companies negotiate discounts with these providers.

Stay in-network, and the discounts get passed to you. Go out of network, and you could end up paying full price. And remember that out-of-pocket limit? It won't work if you go out of network! In some plans -- like HMOs or EPOs -- your insurance would pay nothing if you go out-of-network. In other plans -- like PPOs -- your insurance will cover you no matter where you go, but you'll pay a lot more if you go out of network. Also, if you want to visit a specialist - like an orthopedist - some plans require a referral from your primary care doctor.

Sound easy enough? Well, sometimes staying in-network can be tricky! In a hospital, it's possible that your surgeon could be in-network, while your anesthesiologist is not. If this happens to you, don't be afraid to negotiate with your provider or file an appeal with your insurer. So as you can see, there's a lot to think about when you choose an insurance plan each year.

Some plans may have low premiums, but fewer doctors or hospitals and high deductibles. There are tradeoffs, and understanding and choosing among plans isn't always easy. Remember, if you have questions call your health plan and ask, or check with your hospital or doctor. If you still have questions, your state insurance department or Consumer Assistance Program can help. With the Affordable Care Act, there's new support for consumers, so take advantage of it! Having health insurance protection is a good thing, especially when you know how it works. We hope you're now better prepared for the next time you have to pull that insurance card out of your wallet.

Friday, February 5, 2016

Liability Insurance Quotes For Tow Trucks in Chicago Illinois

Unknown at 11:27 PM No comments:

Liability Insurance for Tow Trucks In the Chicago Area. The major element of tow truck insurance policies in the Chicago Illinois area is auto liability. This is the protection you need when and if your truck causes bodily injuries or property damages to other people. Auto liability insurance for towing businesses in Illinois is mandatory.

A tow truck may not be permitted to operate without proof of certificate of liability insurance.
If the towing business is for hire it may have to be obtain an ICC registration, and in that case the required limit of insurance is $750,000, combined single limit. Most tow trucks that deal with insurance companies offering roadside assistance may require $1,000,000 in liability coverage, to comply with their contracts.

Thursday, February 4, 2016

Why Your Small Business Needs Employment Practices Liability Insurance

Unknown at 12:05 AM No comments:

If you are a small business owner, chances are you will face an employment claim. Having even one employee puts you at risk for being sued. Over ninety-nine thousand employment practices liability charges were filed with the EEOC in 2011, which is a record high. Over three-hundred and sixty-four million dollars was paid out in settlements in 2011, another record high. Most of these claims settled for between twenty-seven and fifty thousand dollars, amounts that will significantly impact your bottom line and could even spell disaster for your business.

Here's some examples:
A small gift and flower shop owner was sued for pregnancy and gender discrimination when the claimant alleged that the employer repeatedly treated her differently as a result of her gender and condition. The claimant provided several fellow employees who attested to the treatment by the employer.

A small retail store owner was sued for sexual harrassment when the claimant alleged that the son of the owner, also an employee, made inappropriate comments and gestures and solicited the claimant for sexual favors. A small restaurant owner let a middle-aged employee go due to performance issues. The employee sued alleging age discrimination because he was over the age of forty and many other employees still employed were younger than forty.

I'm R.J. Coleman with the Central Insurance Company Claims Department. Employment claims are a serious risk and more than half are directed at small businesses. Protect yourself and your business with Employment Practices Liability Insurance. EPLI can provide protection against lawsuits stemming from harrassment, including sexual harrassment, discrimination and wrongful termination.
Benefits of Employment Practices Liability Insurance include affordable coverage, access to an online loss prevention website, specialized claims services, and access to experienced legal representation through a legal advice helpline. Don't risk facing an employment claim on your own. Ask your agent about adding the EPLI endorsement to your business policy.

Wednesday, February 3, 2016

What Is Liability Coverage? - Auto Insurance

Unknown at 11:47 AM No comments:

Liability coverage in your auto insurance policy, no matter which state you live in, it's required at some level. But do you understand what liability coverage is and what it protects? Liability is usually built from two components:

bodily injury and property damage. Bodily injury liability coverage helps protect you if you're responsible for an accident that hurts another person. Bodily injury liability can help you pay for the other person's medical bills, compensation for loss of income, and emergency aid at an accident scene as well as your legal bills if that person sues you. Two limits exist within bodily injury coverage: per person and per accident. For example, within a policy, you might see a $50,000 maximum payment per person, and a $100,000 maximum payment per accident.

Then there's property damage liability coverage, for damage you cause to someone else's property but not your own. If you hit someone else's car, for instance, or run into their house or storefront.
Property damage liability coverage can help pay for structural damage, repair or replacement costs for stationary objects like fences, even vehicle repair or replacement. It could even help keep your assets safe if a covered accident results in a lawsuit.

On your policy, the per person, per accident, and property damage limits are often written like this. An accident can lead to financial responsibilities, so it's a good idea to make sure you carry enough liability coverage to protect yourself. So now for a quick overview. Liability coverage equals bodily injury plus property damage coverage.

Bodily injury liability coverage can help pay for medical bills and other related expenses if someone else is hurt in an accident you're responsible for. And property damage coverage an help protect your assets and help pay for structural damage, stationary objects, and another person's vehicle.

Saturday, January 30, 2016

What if the Person Who Hit Me Has No Auto Insurance?

Unknown at 2:11 AM No comments:

What happens if I am hit by a person who does not have insurance or who does not have enough insurance to cover my damages? First off, California requires that every driver carry a minimum liability policy. The minimum policy is what's known as a 1530 policy. But the reality of the situation is since there's so many people in California, a lot of people don't have insurance, or a lot of people don't pay their insurance on time. So you cannot rely on that person to cover for your damages.

If you are hit by a person who has no insurance, you may have the option to sue them. You may get a judgment against them, but getting a judgment does not mean you're going to get paid. You have to collect on this judgment. The chances are people that have no insurance are not going to have the assets necessary to pay out this judgment.

Secondly, collecting on a judgment is not a fun process. It's long and it's difficult. Thirdly, the person against whom you've got a judgment may try to go through bankruptcy and discharge any personal injury judgment you have against them. Fourthly, what if you're hit by a person who has a minimal policy? Say if your medical bills total $100,000. That person who's at fault, the insurance is only obligated to pay you up to amount of the liability limits. In that situation, the insurance company is only on the hook for $15,000. What do you do about this other $85,000 in outstanding medical bills?

For that reason, you need to make sure that you are proactive and have enough insurance on your own. So, you need to immediately call your adjuster. Make sure you have the following. You need to ask if you have UM or UIM. This is Uninsured Motorist and Underinsured Motorist.

The minimum you should carry is a 100/300 policy. Secondly, make sure you have collision coverage. This allows you to get your car repaired in a timely fashion. Make sure you have rental coverage. This allows you to make a claim through your insurance company to get you a rental car in the event that your car is taking a long time to get repaired. Make sure you have medical payments. This is an elective policy that will help pay off your medical bills regardless of fault.

Bottom line in this instance is, if your involved in a car accident, you cannot bank on the other person covering you for the full extent of your damages. Chances are they might have no insurance. They might have minimal insurance. You want to take the proactive steps necessary to protect yourself and make sure you get full compensation for all your damages.

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