Auto Insurance Rates Are Going Up

Get ready to pay more for auto insurance. A combination of factors is pushing car insurance premiums up across the country. The reasons are varied, but they all combine to result in higher premiums for car owners from coast to coast. Here’s what’s behind the coming rate hikes – and some tips on how you can minimize the pain. More accidents First, the number of fatal traffic incidents has spiked recently. According to information from the National Traffic and Safety Administration, fatal accidents increased nationally last year by 10 percent. That far outpaces inflation and population growth, and reflects the biggest year-over-year increase in traffic fatalities since the 1960s.   More distractions The likely culprit: Texting and driving. Distracted driving 

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4 Types of Insurance for Small Business

There are four types of insurance that most small businesses purchase. The first is property insurance. This type of coverage provides compensation if business property is damaged, stolen or lost. In addition to covering the physical business structure, property insurance covers personal property. This includes inventory, office furnishings, raw materials, computers, machinery and other items that are part of business operations. Property insurance coverage doesn’t end with protecting physical assets. It also affords operating funds when business owners must take steps to get their business back on track following major loss. Property insurance may provide coverage for broken equipment in some cases. It may also provide coverage for water damage, debris removal following a fire and several other specific items. 

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Are your Workers Employees or Independent Contractors?

Before classifying a worker as an independent contractor, it is important for a business owner to do his or her homework carefully. Employment laws today are very strict, so discuss any concerns with an agent. The United States Department of Labor and the Internal Revenue Service have combined their efforts to help various states share resources and information that will expose worker classification violations. Employers found to be in violation could face paying back taxes, back pay to workers, missed overtime, retroactive benefits, interest, fines, staff effort charges and legal fees. With situations where there are multiple violations or willful negative intent, the penalties and fines are worse. In addition to the money a violation would cost, employers would also 

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How to Prepare for a Workers’ Compensation Audit

Just the mention of a workers’ compensation audit causes fear to some. If you are scheduled for a workers’ compensation audit, there is no need to dread it or be fearful. A small amount of preparation and common sense can save you a lot of aggravation and money. Devoting a few hours of your attention now can save you a lot of time in the future. You need to give your full attention to the auditor and remain with him/her throughout the entire process. The process may take a couple of hours to complete. so make sure that the time and date of the scheduled audit is convenient for you. Call to reschedule the audit if it has been scheduled 

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Insurance for Tattoo & Body Piercing Parlors

Richmond, Virginia loves ink! Richmond has the 3rd most tattooed residents in the U.S. next to only Las Vegas and Miami. The last thing on most people’s mind when selecting a tattoo is insurance but before applying permanent ink, make sure the tattoo parlor and artist have insurance. Insurance Coverage General Liability Professional Liability Property Inland Marine Molestation or Abuse Assault or Battery Tattoo parlors often have General Liability insurance, which provides coverage if you trip and fall in their store, but General Liability does not provide coverage if the artist makes a mistake. Ask for a Certificate of Insurance Ask your tattoo artist for a Certificate of Insurance. This document will show which type of insurance they have and 

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Does Homeowners Insurance Cover Water Damage?

What does my homeowners insurance cover? Water is known for penetrating structural cavities and creating growing pockets of saturation without the knowledge of the homeowner. Unfortunately, it often requires sophisticated tools and technology to find the source of such water damage. If the moisture remains undetected, it causes damages that eventually lead to an expensive restoration process. IICRC-certified restoration specialists possess the skills, knowledge and equipment needed to dry a building and stop the source of the damage. They monitor conditions carefully to help prevent future issues and problematic mold. Flood Cleanup Tips Always be sure that it is safe to enter a building that was previously flooded. Look for structural damages that create falling dangers, electrical hazards and other 

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Tips to Winterize Your Home

The chill in the air tells you it’s time to pull out the heavy clothes and brave the falling temperatures. That chill should also tell you it’s time to perform a check of your home to ensure it can withstand the rigors of the upcoming winter. Start with a top down approach by taking a good look at your roof. Inspect it for cracked or missing shingles, worn patches on shingles, missing or damaged flashing, and any other conditions that might permit water to leak through. If your shingles look haggard, try bending the corner of one – if it breaks, it is time for a new roof. Your gutters are another part of your anti-leak prevention system so they 

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Top Apps To Avoid Drunk Driving

Drunk driving incidents claim the lives of up to 25,000 Americans per year, according to statistics from the National Transportation Safety Administration. That should be reason enough to do all you can to prevent yourself and your friends and loved ones from getting behind the wheel, while intoxicated. Even if no one is hurt, getting convicted of even one DUI offense can cost you your license, your insurance, and as much as $10,000 in legal fees and fines. In some industries, a single DUI offense can cost you your career, as well. Fortunately, thanks to mobile phone and computer technology, we now have a number of useful and innovative tools to help you have a good time, while responsibly managing 

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Why Insurance Rates are Increasing

We are often asked why are insurance rates increasing? I didn’t file a claim or get a ticket. Insurance premiums are a function of these factors: The perception of future risks, recent catastrophic claims and the return available on investment. Huge fires and other disasters factor in, such as the Colorado Springs blazes earlier this year and other natural disasters have also forced large payouts. Even the devastating Japanese earthquake and tsunami from 2010 affects insurance premiums in the United States, since insurance companies routinely purchase re-insurance coverage from very large companies. And these reinsurance companies, such as General Re, have been increasing their rates. In addition, jury awards and settlement costs in a variety of commercial fields have put 

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Healthcare Open Enrollment 2017

In the insurance industry, ‘annual enrollment’ refers to the period every year where individuals can sign up for an insurance plan with no discrimination or reduced discrimination against pre-existing conditions, or reduced or non-existent medical underwriting. In some cases, it’s the only time someone can sign up for insurance with a only a few exceptions. Take open enrollment very seriously as missing this window may shut you out of options or even health insurance alltogether. Insurance companies and laws limit open enrollment to specific times every year in order to protect themselves and everyone else enrolled in their plans against adverse selection, which is the tendency of healthy people not to sign up for insurance until they actually have a 

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