Distinguished

SEPTEMBER 17, 2024

We sat down with Distinguished’s Builder’s Risk insurance expert, Susan DeCarlo, to discuss common factors that can lead to declinations in our program, how to avoid them, and key risk considerations. So, for example, on a new build if they’re 30 to 60 days in, we can consider that risk.

Risk 52

Risk Broker-Agent Deductible Insurance 52

Jackson & Jackson

APRIL 29, 2024

Increase Your Deductible Increasing your deductible is one of the simplest ways to lower your insurance premiums. Strategy: Assess your financial ability to handle a higher deductible without jeopardizing your operations. Compare how different deductible levels affect your premiums by requesting quotes from your insurer.

Commercial Property 52

Commercial Property Property Insurance Commercial Deductible 52

Redbird Agents

JULY 12, 2024

Hospital confinement and the associated unexpected expenses is one of the largest financial risks to individuals and their family members using Medicare Advantage plans, plans through the affordable care act, limited benefit and short term plans, and any other miscellaneous medical insurance plans providing essential coverage.

Premium 130

Premium Insurance Insurer Insured 130

Shield Insurance Agency

AUGUST 20, 2024

Small Insurance Claims Can Raise Premiums Small insurance claims, such as those for minor property damage, may seem like a hassle to deal with. One major consequence of filing small insurance claims is the potential for increased insurance premiums. Additionally, small claims often require you to pay a deductible.

Insurance Claim 52

Insurance Claim Claim Protection Out-Of-Pocket 52

Frankenmuth Insurance

JULY 25, 2024

They’ll get to know you, your operations, and any areas of risk or need. Does my small business face any unique risks? What are the coverage limits and deductibles? What deductible do I have to meet before my coverage kicks in? Can I adjust my deductible down the road? What factors affect my premiums?

Agents 52

Agents Deductible Premium Claim 52

Protect Commercial Insurance

NOVEMBER 8, 2024

By understanding your policy needs, shopping around, and exploring available discounts, you can effectively manage insurance premiums and keep your business financially secure. It provides protection against a plethora of risks, including property damage, liability claims, theft, and even employee injuries.

Commercial Insurance 52

Commercial Insurance Commercial Premium Deductible 52

Redbird Agents

JUNE 14, 2024

FIA Accumulation Highlights : Review premium requirements, fixed rates, withdrawals and more! Fixed Annuity Highlights : Inform your customers on current yields, first year bonus rates, minimum premiums and more! If they need income in the next 12 months, you’ll likely just work with them on a single premium immediate annuity.

License 130

License Life Insurance Premium Agents 130

Jackson & Jackson

MAY 23, 2024

Small business insurance covers property damage, liability claims, and employee-related risks. While basic coverage can provide a level of protection, your business might have additional risks that warrant extra coverage. As a result, insurance premiums tend to be higher in California compared to other states.

Small Business Insurance 52

Small Business Insurance Business Insurance Insurance Insurer 52

Protect Commercial Insurance

JULY 26, 2024

As a tailor, it is crucial to protect your business from potential risks and liabilities. As a tailor, you face unique risks that require specific coverage. Insurance premiums can vary significantly between providers, so it’s essential to compare quotes from multiple insurers. These discounts can help reduce your premiums.

Commercial 52

Commercial Insurance Broker General Liability Business Interruption 52

Ease

FEBRUARY 21, 2023

Annual benchmarking and trend report shows smallest businesses see biggest medical premium increases SAN FRANCISCO, Feb. million employees and their 85,000 employers, the report continues to see medical premiums tick up. While the jump in average premiums from 2021 to 2022 fell under the 6.5% Drawing on anonymized data from 3.4

Premium 52

Premium Out-Of-Pocket Deductible Insurance Broker 52

TGS

NOVEMBER 20, 2024

Let’s explore how and why your credit score affects your home insurance , what insurers are really looking at, and what you can do to keep your premiums manageable. So, from an insurer’s perspective, your credit score provides a glimpse into potential risk. Turns out, quite a bit. Why Do Insurers Care About Credit Scores?

Home Insurance 52

Home Insurance Premium Insurance Insurer 52

Scott Insurance

DECEMBER 10, 2021

High-profile cyber attacks like the Microsoft Exchange server hack, the SolarWinds Orion software compromise and the Colonial Pipeline ransomware attack have highlighted increasing cyber risk for nearly every type of business. Businesses across all industry segments are subject to these trends.

Cyber 52

Cyber Deductible Liability Insurance Liability 52

Protect Commercial Insurance

OCTOBER 4, 2024

How Interest Rates Influence Insurance Costs Insurance premiums are sometimes indirectly influenced by interest rates. Here’s how: insurers rely on investment income to keep premiums competitive. When interest rates rise, the returns on these investments can increase, potentially affecting premium rates.

Property Insurance 52

Property Insurance Out-Of-Pocket Premium Insurance 52

Shield Insurance Agency

APRIL 19, 2024

This coverage pays for damages to your vehicle regardless of fault, meaning that even if you are at fault for the accident, your insurance will cover the repair costs up to the actual cash value of your vehicle, minus your deductible. The deductible is the amount you must pay out-of-pocket before your insurance coverage kicks in.

Auto Insurance 52

Auto Insurance Deductible Out-Of-Pocket Insurance Agency 52

Cover4LetProperty

JANUARY 29, 2024

Essentially, insurance is about risk and a calculation of the probability of loss or damage being suffered by the insured item or items. Risk is assessed with respect to the likelihood of loss or damage leading the insured to make a claim, since the settlement of claims paid out to the insured represent a liability for the insurer.

Home Insurance 52

Home Insurance Insurance Insurer Insured 52

Jackson & Jackson

MAY 22, 2024

However, with great opportunities come great risks. “Understanding Multi-Family Property Insurance” Commercial property insurance is a vital safeguard for property owners, protecting their assets against various risks. It protects against perils like fire, explosions, storms, and other risks outlined in the policy.

Property Insurance 52

Property Insurance Commercial Property Commercial Insurance 52

Smart Insurance Agents

AUGUST 29, 2024

The primary types include Health Maintenance Organization (HMO), Preferred Provider Organization (PPO), Exclusive Provider Organization (EPO), Point of Service (POS), and High-Deductible Health Plans (HDHP). These plans typically offer lower costs due to the risk being spread across a larger group of insured individuals.

Deductible 52

Deductible Insurance Insurer Insured 52

Scott Insurance

SEPTEMBER 5, 2023

Nationwide, Cincinnati, State Auto, Liberty Mutual, Acuity, Auto Owners, EMC, Grand River, Travelers, Hartford, and Chubb cited heightened risks with call-for-aid systems and will not write insurance to cover any affordable housing elderly communities with installed pull cords.

Premium 52

Premium Liability Insurance Insurer 52

TGS

DECEMBER 13, 2024

Insurance policies for jewelry can vary, but most provide coverage for common risks, such as: Loss : Ever misplaced a ring at the gym or dropped an earring at a bustling party? Factors that influence your premium include: Value of the Jewelry : Higher-value items cost more to insure. What Does Jewelry Insurance Cover?

Protection 52

Protection Theft Insurance Insurer 52

Smart Insurance Agents

AUGUST 19, 2024

Medigap helps with out-of-pocket costs like deductibles, copays, and coinsurance, providing clearer financial protection. However, the premium costs can vary between different insurers. Each Medicare Supplement insurance plan can vary in premiums and coverage, so it’s a good idea to compare these options closely.

Out-Of-Pocket 52

Out-Of-Pocket Deductible Insurance Companies Premium 52

TGS

NOVEMBER 15, 2024

For example, if your second car is a brand-new SUV, you may want to opt for comprehensive coverage with lower deductibles. If you’re adding a second car to insurance and both vehicles meet the insurer’s criteria, you could end up with a nice reduction in your overall premium. Here are a few potential challenges to keep in mind.

Auto Insurance 52

Auto Insurance Deductible Policy Insurance 52

Bankers Insurance

MAY 16, 2024

Sustained losses inflicted by natural disasters spurred some insurance companies to pull out of the homeowners insurance market in high-risk areas, such as California and Florida, leaving residents with fewer options and higher prices. Even among typical homeowners policies, premiums likely increased year over year. billion each.

Home Insurance 52

Home Insurance Policyholder Out-Of-Pocket Insurance 52

Jackson & Jackson

APRIL 28, 2024

This often happens when trying to save on premiums. Specialized risks, such as floods, earthquakes, and business interruptions, require additional coverage, which many investors should pay more attention to. How to Avoid It: Evaluate the risks associated with your property’s location and type.

Business Interruption 52

Business Interruption Out-Of-Pocket Expense Out-Of-Pocket Broker-Agent 52

Distinguished

JULY 22, 2024

However, the very qualities that make collectibles so precious also expose them to unique risks. Unfortunately, these unique risks are rarely appropriately covered by standard homeowner insurance policies. Theft, damage during transport, or accidental breakage can devastate a collection that has taken years to assemble.

Insurance 52

Insurance Insurer Insured Policy 52

Maritime Insurance International

MARCH 3, 2020

That said, the risks that boat owners face are not that different from the risks of owning a car. Given the risks you face, boat insurance can be a wise purchase to help protect your investment. Boating Risks: The Need for Coverage There are many risks associated with owning a boat. What Does Boat Insurance Cost?

Insurance 40

Insurance Insurer Insured Premium 40

Triple-I: Homeowners Insurance

APRIL 5, 2024

Installation of a wind-rated garage door and storm shutters also boost a home’s resilience to a hurricane’s damaging winds and may generate savings on a homeowner’s insurance premium. Private-passenger vehicles damaged or destroyed by either wind or flooding are covered under the optional comprehensive portion of an auto insurance policy.

Damage 52

Damage Auto Insurance Policy Insurance Policy 52

Scott Insurance

OCTOBER 5, 2022

A continued slight increase is expected over the next years due to the long-term health impacts on those with preexisting risk factors. Preferred Provider Organizations (PPOs) and High Deductible Health Plans (HDHPs) remain the most popular plan types. Opportunities Diversified health plan offerings can help employers stand out.

Out-Of-Pocket 52

Out-Of-Pocket Deductible Life Insurance Risk 52

Property Insurance Centre

SEPTEMBER 25, 2024

This might seem like an advantage since this saves cost initially, though it might lead to high premium costs later on. These can be added to your policy for an additional premium. If your property is located in an area with a high risk of natural disasters, such as floods or earthquakes, your insurance premiums will be higher.

Building 52

Building Insurance Insurer Insured 52

ProWriters

APRIL 17, 2024

When you think about cyber risks, you probably think about the dangers malware attacks, data breaches, and other incidents pose to your business clients’ operations, revenue, and reputation. But cyber threats can pose risks to not only sensitive data but also to physical safety. You’re right to do so.

Cyber 52

Cyber Injury Liability Liability Insurance 52

TGS

SEPTEMBER 11, 2023

The South Carolina Legislature required insurance to be available to at-risk coastal homes. According to the state of South Carolina, Wind Pool is a last resort for those in a high-risk coastal area. Calculating Your Rates With Wind Pool Insurance providers calculate your premium based on many different factors.

Insurance 52

Insurance Insurer Insured Out-Of-Pocket 52

Distinguished

NOVEMBER 7, 2024

Surety’s Defenses : The surety may invoke certain defenses against the obligee’s claim, such as contract modifications that increase the surety’s risk without consent or the obligee’s failure to comply with contractual conditions that mitigate the surety’s obligations.

Claim 52

Claim Compensation Risk Broker-Agent 52

Word & Brown

OCTOBER 18, 2024

KFF said in August 2024 that Affordable Care Act (ACA) insurers were seeking a median premium increase of 7% for 2025. That is only slightly above the 6% increase in 2024 premiums. Some plans may have changed deductibles – or added new ones to certain types of treatment. Rate changes may vary by coverage selected and insurer.

Broker 52

Broker Insurance Broker Premium Deductible 52

Protect Commercial Insurance

OCTOBER 25, 2024

This approach ensures that you choose a policy that doesn’t just tick boxes but genuinely covers your specific risks and requirements. What are the specific risks associated with your industry? Every industry comes with its own set of risks. Once you’ve outlined the risks, the next step is determining how much coverage you need.

Business Insurance 52

Business Insurance Liability Insurance Liability Policy 52

Smart Insurance Agents

OCTOBER 15, 2024

The ACA’s individual mandate, which required everyone to have health insurance, was a critical component in maintaining a balanced risk pool and keeping premiums affordable. Before this repeal, the penalty was based on the national average premium for a Bronze plan, which could amount to a substantial sum.

Insurance 52

Insurance Insurer Insured Premium 52

Bankers Insurance

AUGUST 8, 2024

Businesses may end up with inaccurate ITV calculations for a wide range of reasons — whether it stems from ineffective property valuation methods, intentionally underestimating costs to secure reduced premiums or being impacted by factors outside their control (e.g., They will help determine your risks and advise how to cover them.

Commercial Property 59

Commercial Property Property Insurance Commercial Out-Of-Pocket 59

TGS

SEPTEMBER 6, 2023

Some carriers impose a 5% construction deductible, which means extra money out of your pocket for something that would’ve been covered with advance notice. On top of that, you run the risk of having a lapse in your home insurance coverage, as some renovations call for a different insurance policy entirely.

Insurance Policy 52

Insurance Policy Policy Home Insurance Personal Property 52

Smart Insurance Agents

AUGUST 23, 2024

The MPP aims to provide sponsors with a predictable and stable payment stream through cost sharing mechanisms, which will allow them to manage their risk more effectively. The 2025 Medicare Prescription Payment Plan (MPP) introduces an innovative risk-sharing model that supplants the existing payment structure.

Out-Of-Pocket 52

Out-Of-Pocket Risk Deductible Claim 52