Employers’ Liability Insurance – Needs And Nuances
By Lippowski | November 19, 2008
The Employers liability Insurance is basically designed for covering the employees. There are times when they fall a prey to any physical injury or untimely death and it gets proved that it was because of the negligence on your part as an employer that the accident occurred and thus you may have been able to prevent this loss that they underwent. In such cases, if the affected employee decides to pursue you, the employer for the compensation, it is the insurer who will then pay for the cost of those compensation claims. The indemnity insurance is not actually designed for covering you against any risks regarding being sued of the compensation claims by the employees like wrongful discrimination and sexual discrimination.
This insurance policy actually enables your business to effectively meet all the costs of the legal fees along with the compensation claims for the employees who are either injured or suffer any ailment due to negligence on your part as an employer. It is important that you know that the employee who is injured by the accident can also seek the compensation irrespective of the current status of your business. That is to say, even if your business goes in receivership or liquidation, the injured employee is liable to claim compensation and you will have to abide by the law. So, you need to be well aware that the Employers Liability Insurance is basically concerned with the covering of the losses that your employees may undergo because of your fault. The compensation that they earn in such cases enables them to live their life while they are at home and unable to work. The compensation amounts though largely depend on who was at fault when the accident occurred, the employer or the employee.
Topics: Liability Insurance | No Comments »
Health Insurance
By Terry Laurel | October 18, 2008
GoHealth Insurance is your online resource for health insurance information, along with competitive quotes from America’s leading companies.
GoHealth takes a direct approach to health and wellness by providing an online resource for comparing health insurance options online. You’ll find educational tools to help you understand the world of healthcare.
Information is the key to managing your health. Whether it’s looking for health insurance or searching for advice on healthier living, staying educated about your healthcare and wellness will help you stay healthy.
Topics: Health Insurance | No Comments »
Mortgage Insurance Leads
By Reno | October 17, 2008
Since mortgage insurance secures the lenders against defaulters, a home purchase with an insured mortgage and low down payment is no longer viewed as a riskier business by the lenders. Hence, an insured mortgage will help borrowers to receive the same low interest rates with a lower down payment. Even if the buyer is able to make a larger down payment, he/she may choose a high ratio mortgage, which will enable him/her to do some home improvements.
The insurance agent can keep an eye on the real estate market to get qualified Mortgage Insurance Leads. Advertisements and contacts with lenders can help the agent to get qualified leads. He or she can use online services to provide the leads. The qualified insurance lead fills out a form on the insurance leads provider’s website, after which the lead service emails the insurance agent the information. The insurance agent then contacts the Mortgage Insurance Lead about the insurance coverage they are looking for. This method ensures that the agent will get qualified leads, and the agent can enroll for such a service for affordable price.
Topics: Mortgage Insurance | No Comments »
Travel Insurance - The Real Truth!
By Julita | September 19, 2008
A recent travel insurance survey is warning consumers to check that their insurance policy is adequate for their needs. This survey found that consumers are travelling up to 4 times a year between holidays and weekend breaks. The website also found that this figure jumped to 8 times a year when including business trips. As a result, consumers have now switched from the traditional Single Trip policy to the better value Annual Multi Trip product. Recent figures show that Annual Multi Trips now account for 80% of direct holiday insurance sales. The survey found more and more consumers are putting together their own packages, flights, hotels and car hire etc..(also known as Dynamic Packaging) either directly with a tour operator or through various websites. Unlike tour operators and travel agents, third party suppliers such as accommodation providers, car hire companies, ferries, coach companies etc… are not required under legislation to be financially bonded. This can cause major problems for the consumer especially as some of these companies are based abroad.
In the event of any of these companies going into liquidation this can cause major problems for a consumer who will have no recourse due to the lack of a financial bond unless they have Dynamic Packaging Protection Cover (Third party insolvency cover) on their travel insurance policy. With more and more natural disasters happening throughout the world today, it is essential that the consumer has cover for an event caused by an act of God. Many travel insurance policies do not cover this type of eventuality also known as Catastrophe Cover. This cover will allow the insured to move to another resort or fly home if the trip cannot be continued, in the event of an act of god whilst they are there. Things don’t always go to plan when connecting with long haul flights from the UK, especially with low cost airlines.
Topics: Travel Insurance | No Comments »
U.S Car Insurer
By Andy Johnson | August 27, 2008
State Farm® was founded in 1922 by retired farmer and insurance salesman George Jacob “G.J.” Mecherle. State Farm insures more cars than any other car insurer in North America and is the leading U.S. home insurer. More than 17,000 agents and 68,000 employees serve over 75 million policies in the United States and Canada. State Farm also provides the customers with a wide array of financial products and services.
State Farm’s mission is to help people manage the risks of everyday life, recover from the unexpected, and realize the dreams. State Farm’s success is built on a foundation of shared values — quality service and relationships, mutual trust, integrity and financial strength.
Topics: Auto Insurance | No Comments »