Employee or Independent Contractor Insurance? hen business owners hire an sole proprietor independent contractor for a job where possible injury could occur, who would be accountable? Your constructions insurance would not cover the contractor under the workers' compensation as under their independent contractor status would stop a claim from going ahead. As their sole proprietor status does not necessarily mean they fall under...more
The Hard Time Insurers are Facing from the Press over Critical Illness Insurance Recent stories in the press have again lambasted the insurers over critical illness insurance. The core problem is that a critical illness claim is not as straightforward as, for example, a claim under life insurance. With life insurance it's going to be hard for the insurance company to argue that you're not dead! By their very nature, critical...more
The Non-Disclosure Problem of Critical Illness Insurance If you're in the unfortunate position of having to make a claim on your critical illness insurance policy, the last thing you want is insensitive hassle or apparent non co-operation from your insurer. But according to numerous newspaper articles, that's precisely what's happening. The core problem is that before they'll pay out, the insurer will always want to make exhaustive enquiries about your past health record. Whilst you'll have provided them with lots of similar information when you initially applied for the cover, the insurers will now insist that all the information is rechecked. And if at the time you said you weren't a smoker, they'll now want this verified by your doctor.The reasons are obvious. They're faced with a big claim, typically way over £100,00, and they want to be certain that you told them the entire truth about your health when you first applied. This means that now you've claimed, they'll crawl over your medical records in great detail checking that you disclosed everything on your application. Every small and apparently insignificant detail will be subject to intense scrutiny. The...more
The Michigan Health Insurance Expert 1. What provisions begin soon? Beginning in 2010, children up to age 26 would be allowed to remain on their parents' health plan. People with pre-existing medical conditions would be eligible for a new federally funded "high-risk" insurance program. Some small businesses could qualify for tax...more
Be Sure You Know What Your Health Insurance Does Not Cover Around 7 million people in the UK are covered by health insurance, the majority being covered through their employers. The problem is that few have really studied their policy documents and many misunderstand what is covered. And perhaps just as important, what isn't. If you...more
Is a Little Bit of Health Insurance Better than No Health Insurance? About 50 years ago, health insurance started to be an attractive incentive offered by employers to attract and keep good employees. Overall, group plans tended to be inexpensive for employers, with employees contributing a small amount of money or none at all to secure health insurance for themselves and their families.It was more expensive for individuals to pay for non-group policies, but coverage was fairly affordable. Then medical costs started to rise, people started to live longer and the medical profession became adept at curing various diseases and saving and prolonging the lives of people with serious injuries and life-threatening illnesses. Health care and insurance prices started rising much more quickly than annual incomes and premiums began taxing both employers, who were paying the lion's share of premiums, and for employees, to whom businesses often passed on costs through larger deductibles, greater out of pocket expenses and higher premiums.According to a recent report by the MSNBC News Service, 41 percent of Americans whose income ranges from moderate to middle had no health...more
What to do to get the Most Affordable Insurance for your Car At this present age, getting the type of insurance that is suitable for our financial condition is not a hard thing to do. Just like when you own a car, you can get the...more
Understanding Health Insurance Brokers and Health Insurance If you are in the market to purchase your own health insurance coverage you can save yourself precious time and money by shopping and comparing policies right online. Sites...more
Life Insurance Policy Defined Having a life insurance is a very relieving factor. If you know that you are insured, you are relieved of all financial worries in case of death. Life insurance companies also give out loans against...more
Being Aware of What is and Isn't Covered in Your Homeowner's Insurance Policy Individuals planning on purchasing a home spend weeks if not months picking the perfect neighborhood, floor plan, and then home before they even...more
Different Life Insurance Policies Intended for the Poor For those who are financially burdened, obtaining a life insurance policy can become an additional problem for them. Still, it is advisable to think of the future and think...more
Guide to Choosing the Right Life Insurance Policy for You Life insurance is the simplest, most popular and cost effective way to financially protect any dependants in the event of your death. While it won't help those left behind to...more