To become a health insurance specialist, completing a two-year college program or certificate program is required. Internships and certification programs are available, and a bachelor’s degree can lead to advancement. Employment prospects are favorable, with those with a finance, accounting, or business administration degree having the best chances. Entry-level employment as a health insurance specialist […]
If you have an uninsured car accident, you may have to pay for damages and medical bills. If not at fault, you can file a claim with the other driver’s insurance company. Driving without insurance is illegal and can result in fines, license suspension, and even jail time. If you get involved in an uninsured […]
An irrevocable life insurance trust is a trust that holds a life insurance policy to prevent estate taxes. The trust is irrevocable, and the grantor cannot withdraw the policy. The trust becomes the beneficiary of the policy, and the grantor cannot change that designation. The grantor cannot borrow against the policy, and the trust holder […]
Water damage insurance covers damage caused by flooding or uncontrolled water release. It can be added to home or business insurance and covers water evacuation, drying techniques, and replacement of damaged components. It is advised for those living in flood-prone areas or high humidity locations. Insurance agents can provide information and quotes. Water damage insurance […]
Home insurance covers damage to homes from natural disasters and other causes, and may include liability coverage. Home insurance fraud occurs when a false statement is made to receive policy benefits. Penalties for home insurance fraud vary but may include fines, probation, community service, and even jail time. Home insurance, also commonly called “homeowner’s insurance,” […]
Repossession insurance covers risks for individuals and businesses in the repossession industry. It includes liability for improper vehicle towing, injury, and accidental death and dismemberment. Insurance brokers can provide policy information and comparison. Repossession insurance is an insurance product designed for individuals and businesses in the repossession industry. A person or business that participates in […]
To get the best workers’ compensation insurance, businesses should seek experienced agents, know regional base rates, and maintain a safe work environment. Outsourcing work to subcontractors can reduce costs. Compliance supervisors can ensure safety guidelines are followed, reducing liability. Industry-specific policies may be more expensive. Accurate records and a grievance process can reduce false claims. […]
Small business product liability insurance is essential for those selling or manufacturing products. The three main types of coverage are for manufacturing defects, design problems, and inadequate labeling. General considerations include the level of coverage, premiums, global coverage, and product recall costs. If you are starting a business where you will be selling or manufacturing […]
Event planning involves booking talent, arranging catering, providing security, and obtaining event liability insurance. General liability insurance may also provide coverage for third-party losses. Specific event liability insurance can cover risks unique to an event, and cancellation insurance can protect against unforeseen circumstances. Insurance agents can help determine legal requirements and necessary coverage, but the […]
Insurance patents grant exclusive rights to the technical part of an insurance invention, including business processes, and have increased 15 times in the US since 1998. Insurance patent entrepreneurs create and sell patents to larger companies, but increased patents may lead to increased litigation and unnecessary licensing costs. The peer-to-patent program offers a public forum […]
When a person dies in an accident caused by another person, surviving family members can file fatal accident claims. The process varies by jurisdiction and circumstances. Work-related fatalities are often filed under workers’ compensation laws, while non-work-related ones are filed as wrongful death claims. Each state administers its own workers’ compensation system, and only spouses […]
Inheritance tax insurance is a UK-based policy that funds inheritance tax on an estate after death. It is often a whole life policy and requires careful calculation of the value needed to pay the estate tax. Estate planning techniques and trusts can also be used to protect heirs. Inheritance tax insurance is an insurance policy […]
Tenant insurance is important for protecting personal items and liability. Landlords have their own insurance that doesn’t cover tenants’ belongings. Tenant insurance premiums are often low and can cover non-use and theft. It’s especially valuable for students or those with roommates. Renters rarely think about the need for insurance to protect personal items or insure […]
Moped insurance protects owners from damage or loss, and is required in some places. Policies vary from medical assistance to theft or weather damage. Mopeds are not motorcycles, and insurance requirements depend on usage and location. Insurance is usually required for mopeds used on public roads, and is often matched with licensing requirements. Coverage beyond […]
Flood insurance is required for properties in special flood risk areas in the US, especially if improvements are financed by a federally regulated lender. The requirement protects the lender and federal government. The Flood-Disaster Protection Act of 1973 and National Flood Insurance Reform Act of 1994 established these requirements. A property in a special flood […]
Filing an insurance lawsuit involves specific legal and procedural rules. A claim is filed with the court for injuries or damages covered by an insurance policy. If the compensation offer is not acceptable, the injured party can file a lawsuit with the help of a specialized attorney. Class action lawsuits involve multiple injured parties seeking […]
Nail technician insurance covers potential liability for injuries caused during services, property damage, and travel. Employers may provide coverage or require proof of insurance. Consultation with an insurance specialist and industry peers is recommended. Insurance for nail technicians is an insurance product designed for nail technicians, workers who perform services such as manicures, pedicures and […]
Travel insurance with pre-existing condition coverage can be easier to find and more affordable than regular health insurance. The definition of a pre-existing condition, plan limitations, and time of booking should be considered. Some plans offer limited or unlimited coverage, with exemptions for purchasing insurance within a few days of booking a trip. It is […]
Captive insurance offers private insurance options for companies that have difficulty obtaining insurance on the public market. Types include single parent, group, and association captives, as well as risk retention pools and captive rental insurance. It is a good option for high-risk industries. There are many different types of captive insurance, a type of private […]
Self-build insurance provides coverage for construction projects undertaken by individuals, protecting against expected and unexpected events. It covers legally mandated obligations, materials, disputes, vandalism, and unexpected setbacks. It is often required by banks providing loans for such projects. Self-build insurance is basically what it seems to suggest, a type of insurance for those who wish […]
