Insurance and Retirement Plans Tag

22 Jan Vehicle Sales Can Be Risky Business for Self Storage Facilities

Posted at 14:12h in Self-Storage

Dealing with delinquent tenants is an unavoidable part of operating a self storage facility. Strict legal requirements make enforcing storage liens and selling tenants' property a risky proposition. The risk is even greater for those facilities that permit the storage of motor vehicles. Unlike other kinds...

08 Jan Understanding the National Flood Insurance Program

Posted at 20:39h in Personal Insurance

Property damage caused by flooding is not covered by standard homeowners’ insurance policies, so those facing a flood risk need a separate flood insurance policy. The National Flood Insurance Program (NFIP) provides access to affordable, federally backed flood insurance. What is a Flood? The NFIP defines a...

17 Dec Shopping for Insurance: Quality versus Cost

Posted at 20:15h in Commercial Insurance, Personal Insurance

People typically purchase insurance because they have to, not because they want to. For the most part, consumers are happy to obtain the minimum required insurance coverage at the lowest price they can find. That is, until a claim comes along. Only then do they...

20 Nov Getting Rid of Consumer Report Information with the Disposal Rule

Posted at 19:35h in Commercial Insurance, Risk Management

Businesses commonly use consumer reports when deciding whether to make a job offer or extend a line of credit. In the wrong hands, consumer reports may also be used to commit fraud and identity theft. This is why the Federal Trade Commission (FTC) enacted the...

13 Nov Final Rules Issued for Mental Health Parity and Addiction Equity Act

Posted at 19:23h in Health Insurance

The Departments of Labor, Health and Human Services and the Treasury issued final rules implementing the Paul Wellstone and Pete Domenici Mental Health Parity and Addiction Equity Act of 2008 (Act). Though interim final rules implementing the Act were published and became effective in 2010,...

09 Oct Data Security Breaches Can Happen to You

Posted at 15:21h in Commercial Insurance, Cyber Risk, Risk Management

When it comes to data security breaches, many organizations say, "That could never happen to us." Unfortunately, the increasing frequency of data security breaches means that many of these organizations are wrong. Don't believe it? Let's take a look at a few recent security breaches. Hacking In...

09 Sep What is a Certificate of Insurance?

Posted at 14:26h in Commercial Insurance

Certificates of Insurance are documents provided by Agents to verify the existence of insurance coverage. They are commonly used when an agreement or contract requires a party to maintain specific types of insurance. For example, a Certificate of Insurance can be used when: A general...

14 Aug Preventing Data Security Breaches

Posted at 12:48h in Commercial Insurance, Cyber Risk, Professional Liability, Risk Management, Safety

Every business must be able to identify the likeliest source of a data security breach so that they can also identify how to prevent it. Is it an executive's laptop computer, the copy machine or the office's wireless network? Could it be something else? Since...

26 Jun Protecting Sensitive Data: How Secure is Your Wireless Network?

Posted at 15:08h in Commercial Insurance, Cyber Risk, Risk Management, Safety

In previous articles we discussed how laptop computers and the office copy machine increase the risk of data security breaches. Another significant risk to an organization's sensitive data is the wireless network. Since today's workplaces are increasingly "going wireless," the Federal Trade Commission recommends taking...

05 Mar The Affordable Care Act’s Individual Mandate

Posted at 14:44h in Health Insurance

The Affordable Care Act’s Individual Shared Responsibility provision requires nonexempt individuals to obtain minimum essential coverage for themselves and any nonexempt dependents. Starting January 1, 2014, those failing to get the required health insurance will have to pay a monthly penalty. Who is subject to the...