Understanding The Importance Of Motorcycle Insurance

Hey everyone, my name is Ian Cerisa. When I first started riding, I completely ignored the pleas of my parents to pick up a motorcycle insurance policy. As a young adult, I felt invincible and didn’t think a policy would benefit me, especially since it wasn’t legally required for motorcycle riders in my area. A run in with a city bus instantly changed my mind. Although I came out of that collision without too much damage to my body or bike, I was convinced that an insurance policy would be a good choice. I taught myself all I needed to know to make a good decision about my insurance plan. I would like to teach others about the value of holding motorcycle insurance coverage to pay for medical bills and bike repairs in the event of a collision. Please come back soon to learn all you can about this subject.

Tips For Minimizing Worker’s Compensation Claims During Layoffs

If your company is facing its first layoff, the process can be stressful and worrisome. As a business owner, there are many things you need to think about during this process to protect both you and your company. For example, one common concern during layoffs is the risk of increased worker’s compensation claims. When employees think they may have no job to come back to soon, they’re less likely to dismiss smaller discomforts and may exaggerate problems in an effort to seek worker’s compensation benefits to help close the financial gap. Here are some tips to help you protect your company and your worker’s compensation insurance record from fraudulent or unnecessary claims due to layoffs. Save Your Security System Footage As soon as you start considering the potential of a layoff, you should instruct your security team to start archiving all of the footage from the in-house security cameras. This is important, because you may need the video documentation of employee behaviors. For example, if an employee files a claim for worker’s compensation after they are laid off, your video footage will provide you documentation of the injury or the employee’s behavior to help you ensure that it is a legitimate claim or to refute the claim if evidence shows otherwise. Call Your Worker’s Compensation Insurance Broker And Claims Staff Reaching out to your broker and claims representative is key to managing this process. Before you lay off any employees, make sure they know what is happening. Provide them with a list of employees who will be affected and keep copies of the personnel files and information for each...

The Many Faces Of Personal Vehicle Insurance: How To Keep Yourself Covered On The Go

Many people automatically envision car insurance when the conversation turns to personal vehicle coverage, and rightly so. But if you’re the adventurous type who is always seeking new, fun ways to explore your world, who may have other vehicles in your stable than the traditional car, truck or minivan. The smartest approach is to make sure you’ve got the right kind of coverage for the right conveyance no matter what you happen to be riding or driving. Here are four different types of personal vehicles and the insurance protections you should consider for each of them. Your Car It should go without saying that you need to carry at least the legal minimum car insurance required by your state. If you’re caught driving without insurance, you can expect to get hit with all kinds of fines and penalties, up to and including license suspension or jail. But those minimum coverage limits may not do you much good in the real world, no matter how much you’re saving on premiums. If you’re carrying only $10,000 in liability insurance and you hit even a relatively modest new import, that $10,000 may pay only a fraction of the repair or replacement cost. On the other hand, there are situations in which less car insurance can make a certain amount of sense. While you always want to be well protected in terms of personal injury and liability coverage, you may have some wiggle room when it comes to the comprehensive and collision areas of your policy. If you have a new, valuable vehicle, you’ll want to invest in significant comprehensive and collision coverage. But if you’re...

3 Important Facts You Need To Know About SR22 Insurance

If you’ve been told that you need SR22 insurance, it’s likely that you’ve been convicted of a fairly serious driving violation, like a DWI or driving without insurance. Although it’s often referred to as SR22 insurance, an SR22 filing is simply an additional form that your insurance company files with the state, verifying that you are maintaining insurance as ordered by the court. What else do you need to know about SR22 insurance? Take a look at some of the most important points that you need to know about your SR22 filing. It Will Cost You Carrying SR22 insurance will cost you, but not because of the SR22 certificate itself, as many people assume. The actual cost for your insurance company to file an SR22 certificate on your behalf is only about $15 to $30 – not a giant bump in your insurance costs. So why is everyone telling you that SR22 insurance is so expensive? The answer is simple – your insurance company is going to raise your rate. This is not so much because of the certificate itself, but because of whatever driving offense caused you to need the SR22 certificate. If you were convicted of a DWI, for example, your insurance company will consider you a higher risk for another DWI or for other types of accidents, so it will raise your rates accordingly. You may be able to lower your rates in one of several ways. For example, you may still be able to qualify for one of many different discounts that often lower car insurance rates. Common things that can get you a car...

5 Practical Details To Discuss With Elderly Parents

It can be hard to watch our parents grow older, but it’s also an important part of life that should be dealt with proactively. By discussing practical matters with your elderly parents, you will help avoid many potential financial and lifestyle difficulties for both your parents and yourself. Discussing these matters in a frank, helpful manner can also help relieve your aging parents from feeling overwhelmed. Finances It’s important that you and your parents have a solid handle on their finances. Sit down with your parents and copies of their bank statements, bills, credit card statements, and retirement account statements. Go over everything together in order to determine if they have enough savings to live comfortably for the rest of their lives. If they do not, help them come up with a plan for managing their expenses, which may involve them moving in with you. If their financial situation is complex, you will probably benefit from hiring a financial planner to help. Life Insurance If your parents do not already have life insurance, you will want to help them purchase a plan. Rather than thinking it’s too late for life insurance for seniors over 80, it’s important to realize the risk that comes with not having insurance. If both of your parents are still living, life insurance will help the surviving spouse live much more comfortably in their twilight years. Life insurance for seniors should also help pay for funeral costs as well as outstanding debts. Funeral Wishes While no one likes to think about their parents dying, it is important to address the sensitive subject of your parents’...

New To Florida? What You Need To Know About No-Fault Insurance

If you’re new to the state of Florida and you plan to drive while you live here, it’s a good idea to familiarize yourself with the state’s somewhat nontraditional auto insurance system. Florida, along with a small handful of other states, has a no-fault insurance law. If you’re coming from one of the many states that have traditional auto insurance systems that do assign fault, you may find Florida’s system a little confusing at first, and it’s best to learn how it works before you’re in an accident. Here are a few things that can help you understand no-fault insurance. How Can No One Be At Fault? If you’ve ever been hit by a driver who crossed against a red light or who was greatly exceeding the speed limit, you may be left wondering how it’s possible not to assign fault. Clearly, at least some accidents are caused by one or more of the drivers involved. The no-fault system doesn’t free negligent drivers from responsibility. An at-fault driver may face fines or other penalties if the accident resulted from their disregard of the traffic laws. What a no-fault system does is place most of the responsibility for paying for your damages and injuries on your own insurance company, regardless of who is determined to have caused the accident. Instead of going through the other driver’s insurance company to get your medical treatments or damages paid for, your own policy will cover those expenses. Advantages of No-Fault You may wonder what the advantages are of the no-fault system are. Florida implemented the no-fault system in an effort to reduce the...

5 Insurance Tips To Help Fully Protect Student Dentists

Well before they get their degree, student dentists can become liable to malpractice lawsuits as soon as they step out of a classroom. By working as a student dentist at a private office, you need to think about your insurance coverages along with honing your skills. Dental malpractice insurance can become complicated, but by breaking it down into different aspects, the coverage becomes a lot easier to understand. By being properly represented, you will have the proper defense when any type of malpractice suit arises. Tail Coverage The time you spend as a student dentist will go by quick, but once it ends, your liability for actions will still stand. Even as you transfer to a new practice and position, you will need additional coverage for the time you were a student. This type of coverage is known as tail coverage. Tail coverage protects your time in a former dental office. This type of coverage is usually used in three ways. It helps insure student dentists transitioning to full-time dentistry, is used for when dentists switch medical buildings or relocate, and provides additional coverage for dentists that have retired. The coverage period is extended until any possible statues of limitations have passed for civil suits. Cyber Liability As a student dentist, you are likely dealing with a lot of different patients and confidential information. Data held through dental office networks and personal information shared on social media is all liable for possible actions you take. This is why malpractice insurance is often packaged with cyber liability insurance. This type of insurance will help protect any actions taken against you...

Buying Your First Home? 3 Things You Should Discuss With Your Insurance Agent

Buying your first home is an exciting time, but unfortunately, it can also be extremely stressful. In addition to moving all of your belongings and setting up utilities, you might also find yourself wondering how to foot the bill if something were to happen with your investment. However, a decent homeowner’s insurance policy can protect you from financial disaster in the event that your home burns to the ground. Here are three things you should discuss with your agent, so that you are prepared for the unfamiliar road ahead: 1: Deductibles If you are like most people, the last thing you want to pay for after dealing with a frustrating series of appliances failures is an insurance deductible. In an effort to make things easier for yourself later, you might grill your insurance agent about finding you a policy with a low deductible. However, that low deductible might not be something you actually want to have. Oftentimes, low deductibles come along with higher monthly premiums. Instead of paying a high deductible if anything happens, you might find yourself cringing every single time you make your insurance payment. In fact, research has shown that changing from a $500 deductible to a $1000 deductible can save you up to 20% on your monthly homeowner’s insurance premiums. As you discuss your insurance options with your agent, talk about the cost effectiveness of each deductible. Your insurance agent can walk you through typical insurance claim totals so you can understand the math. For example, since you might not be familiar with the average cost of replacing a roof after a bad windstorm, an...

2 Easy Ways To Decrease Your Auto Insurance Premiums

If you are like most people, you might grimace when you shell out the cash for your monthly car insurance payment. On average, Americans spend $1,510 per year, or about $125.83 per month on car insurance alone. Unfortunately, you might be spending more than you need to. Here are two easy ways to decrease your auto insurance premiums, so that you can do something more fun with your money. 1: Increase Your Deductible If you ever get into a car accident, you will be asked to pay a deductible, which is a set cost that you cover before your insurance kicks in. Because you never know when you will be involved in an accident, most people shop for a policy with the lowest deductible possible. Although this lower deductible might make it easier on your checkbook if you are ever involved in a wreck, chances are that it will cost you a lot more in the long run. Typically, the lower the deductible, the higher the monthly premiums will be. In fact, research has shown that most people can lower their monthly premiums by as much as 9% by increasing their deductible from $500 to $1,000. If you really want to save some cash, consider raising your deductible to $2,000, which could save you as much as 16%. To put those numbers into perspective, if you normally spend $150 a month on car insurance, raising your deductible to $1,000 could make your payment  $136.50, while a $2,000 deductible would make your payment $126.00. If you go a few years without an accident, that savings could really add up. If you...