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Best Small Business Insurance Companies By Chris Huntley on April 1, 2020 Business insurance is not just one specific policy, but a collection of different plans designed to protect your business from financial risk. Generally speaking, small and midsize businesses will probably be interested in some type of business owner’s plan, which combines property and liability coverage with other important protections. Larger companies might want something similar, but at a larger scale, sometimes known as a national plan.…

By Chris Huntley on January 31, 2020 Today I’m going to share some secrets other agents won’t reveal…Cutting the cost of life insurance! Life insurance is a necessary evil that most people loathe to deal with, but it’s something everyone should buy to protect their family from the unthinkable. However, it’s probably much more affordable than you think. In fact, you might be surprised to hear that over 2 out of 3 people surveyed OVERESTIMATED the cost of…

By Katie Scott1 If a claim cannot be paid in full, the regulator recommends that insurers make an interim payment The interim chief executive of the FCA has addressed a ‘Dear CEO’ letter to insurance bosses, warning that business interruption (BI) claims for small to medium-sized enterprises (SMEs) should be “assessed and settled quickly” where there is an obligation to pay out. Today’s letter also emphasised that if there are reasonable grounds for an insurer…

Oliver Baete said such events could not be insured with normal policy wordings Allianz group chief executive Oliver Baete has compared the impact of the coronavirus pandemic to that of a meteorite hitting the insurance industry. Speaking to Bloomberg Television, Baete said the outbreak will lead to massive losses, and any recovery will take longer than predicted. “The coronavirus has hit our industry like a meteorite impact. There will be huge losses for the industry coming, it…

President Donald Trump on Friday suggested insurers should pay some business interruption claims related to the coronavirus pandemic. Mr. Trump made the comments on the same day that a group of Republican senators wrote to him to express concerns about various state lawmakers introducing bills seeking to mandate business interruption coverage for virus-related losses. During the daily White House Coronavirus Task Force Update, Mr. Trump said that while some insurance policies specifically exclude pandemic coverage,…

With many office-based companies required to work from home, it can be stressful trying to manage the business and at the same time protect their employees, customers, and interests. David Luck (pictured), CEO of Capital on Tap, shared with Corporate Risk and Insurance a business health checklist, that aims to help leaders and risk managers ensure that they have the best plan in place for the business’s longevity. Insurance policies  Checking your insurance coverage should…

If I could boil down everything I have learned about productivity into one simple message, it would be this one: Do What Matters Most. Start your day with your most important task. Focus on your ONE thing. It’s easy to know why: If you get your highest priority things done first thing in the morning, you’ve already won the day, no matter what comes later. But if you start your day unfocused, you are a lot…

The following is an opinion piece, written by David Estrada. This article will provide guidance for insurance professionals experiencing difficult circumstances, regardless of cause, that are external to us and beyond our control. Please consider the following in terms of ‘what you can control’ during a difficult period of time that will serve and further your practice and career. Here they are: Compassion The external forces that affect us which are beyond are control are…