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Tips to Reduce Insurance Premiums for Your Teenage Driver

by inswebkit | August 15, 2017 | Insurance, Personal, Property
While most parents would prefer to keep their teenagers off the road, you probably won’t have much success encouraging them to withhold from getting that long awaited ticket to freedom. Unfortunately, because teenagers are at a higher risk for traffic accidents and tickets, their insurance rates can easily be...
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Keeping Up with the Jones and the Longshore and Harbor Workers’ Compensation Act

by inswebkit | August 10, 2017 | Commercial, Liability
Navigating the winding straits of various state workers’ compensation systems can be difficult to do for companies traversing state lines, but what if the company employs people at sea?  If your business employs dockworkers or seamen of any sort, there are two acts you should be aware of. The...
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Trading Places – When It Becomes Necessary to Tell Your Elderly Parents to Stop Driving

by inswebkit | August 8, 2017 | Personal, Property
There sometimes comes a point in the relationship between adult children and their parents that you begin to notice a shift in power.  Suddenly, the people whose favorite words were “because I said so” are the ones being counseled on their decisions.  Role reversal is an extremely difficult change...
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Environmentally Friendly Insurance for Small Business

by inswebkit | August 3, 2017 | Commercial, Insurance, Liability
If you’ve ever considered owning a small business, or are considering owning one, you’ve probably heard all the usual advice.  Make sure you have enough capital.  Only let family run the cash register.  Don’t take in a partner without an ironclad contract.   Location, location, location. What you may not...
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Avoid Sewer and Drain Damage to Your Basement

by inswebkit | August 1, 2017 | Personal, Property
Millions of dollars are spent every year repairing damage to basements caused by sewer and drain backups.  There are some ways these problems can be avoided, instead of having to repair the mess from a sewer or drain backup. Make sure your drainage systems are working properly.  The downspouts...
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Managing Diversity – What An Employer Needs To Know

by inswebkit | July 27, 2017 | Commercial, Liability
“Managing Diversity” is a critical human resources function for organizations large and small.  All too often, though, executives and managers lose sight of what diversity means from a legal and moral perspective, and the message then gets lost in the translation when it comes to the rank and file...
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Protect Yourself When Taking on a Remodeling Project

by inswebkit | July 25, 2017 | Personal, Property
Due to sustained record low interest rates, many homeowners have elected to take on major home remodeling projects.  According to the National Association of Home Builders, approximately 26 million Americans spend more than 180 billion annually on home improvements.   In many cases, however, homeowners are not updating their insurance...
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Understanding the Role of Loss Mitigation Insurance

by inswebkit | July 20, 2017 | Commercial, Insurance, Liability
Loss Mitigation Insurance transfers an unknown or unwanted exposure from one company to an insurance company for a price. LMI caps what would otherwise be an unknown amount and is particularly effective if the company with the liability is in the process of merging or being acquired. Employers of...
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Insuring Your Vacation Rental Car: How to Prevent Being Over or Underinsured

by inswebkit | July 18, 2017 | Personal, Property
While most people take the time before a vacation to research the best rates on rental cars, they generally forget to research insurance coverage for their rental car ahead of time. This can lead to costly mistakes either by being underinsured or by purchasing too much coverage. To prevent...
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Sarbanes-Oxley Act Changes Rules for Privately-Owned Businesses

by inswebkit | July 13, 2017 | Commercial, Liability
Responding to a number of scandals involving fraud at publicly owned companies, the U.S. Congress in 2002 enacted a new law intended to make undetected fraud less likely to occur.  The law applies only to public companies, mainly those whose securities are registered in accordance with the Securities Exchange...
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Is Your Car a Thief Magnet?

by inswebkit | July 11, 2017 | Personal, Property
Everybody loves driving a nice car; but not everybody is willing to pay for one.  It is possible that a potential thief may be coveting your car even as you read these words. However, you don’t have to be left vulnerable. The savvy car owner knows that taking a...
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Why Your Company May Need Product Liability Insurance

by inswebkit | July 6, 2017 | Commercial, Liability
If your company manufactures any kind of product, from lemonade to engines, computers to clothing, it could easily find itself on the wrong side of a lawsuit by a plaintiff claiming your product(s) caused some kind of injury or damage. In today’s litigious society, it is not even necessary...
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Power Up After the Storm with a Generator for Your Home

by inswebkit | July 4, 2017 | Personal, Property
Ask any Floridian and they’ll tell you that an emergency generator is like gold after a hurricane. Almost all of us live in a geographic area susceptible to earthquakes, hurricanes, tornados, or ice storms. In each of those disasters, a backup emergency generator can quickly become your most valuable...
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Certificates of Insurance – A Prudent Means to Avoid Costly Claims

by inswebkit | June 29, 2017 | Commercial, Insurance, Liability
More and more companies are hiring independent contractors to handle not only administrative matters, such as benefits and human resources, but also sales and distribution. With this delegation of authority to third-party suppliers comes less direct control over these operations, and greater becomes the need for clients to demand...
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Protect Your Possessions with an Electronic Home Inventory

by inswebkit | June 27, 2017 | Personal, Property
Having a homeowner’s insurance policy is not enough to thoroughly protect all the possessions in your home.  Only by documenting your goods and updating the list on a regular basis, can you ensure you have enough insurance, settle claims faster and substantiate losses for income tax purposes.  The process...
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Self-Insuring Workers’ Compensation Plans May Produce Premium Savings

by inswebkit | June 22, 2017 | Commercial, Insurance, Liability
Joining a workers’ compensation group self-insurance program may be a significant means for small and mid-sized employers to reduce operating costs. Such plans deliver savings by providing employers with considerable control over losses, medical care and rehabilitation, plus improving cash flow. While some companies self-insure workers’ compensation programs individually,...
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Save Your Life with a Carbon Monoxide Detector

by inswebkit | June 20, 2017 | Personal, Property
Carbon monoxide (CO) is a clear, odorless gas that is a by-product of combustion of fuels like natural gas, liquid propane (LP), coal, oil and wood.  It is poisonous to humans and pets.  Each year, more than 10,000 Americans are disabled by accidental exposure to carbon monoxide.  Between 1992...
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Workers’ Comp Claims for Mental Illness May Be Difficult to Diagnose, But Are Real in Today’s Workplace

by inswebkit | June 15, 2017 | Commercial, Liability
When one thinks of workers’ compensation, images of workplace accidents and occupational diseases come to mind. Though the vast majority of workers’ compensation cases do involve claims for physical injuries and conditions, a small-but potentially growing-portion of workers’ compensation cases are based on mental or psychological claims, particularly related...
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Don’t Let Water Damage Drain Your Wallet

by inswebkit | June 13, 2017 | Personal, Property
Water leakage is the most common form of damage to the home.  With an average cost around $5,000 for water damage repairs, it’s definitely a problem worth a watchful eye.  Most of these damage claims are a result of a broken washing machine or hot-water heater.   While these appliances...
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Manage Your Workers’ Compensation claims

by inswebkit | June 8, 2017 | Claims, Commercial, Insurance
How can managing your workers’ compensation claims process protect every employee? The first step is to file the claim right away. To this end, have claim forms available to all supervisors. Some companies keep forms near the first aid kit alongside the OSHA log. Management must acknowledge the problem...
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