Generally, medical practitioners are encouraged to purchase malpractice insurance to protect them against liability in case a client decides to sue them for malpractice. Medical professionals while carrying out their professional tasks may have incurred an error, deviation from standards of care, gross negligence, or wrongdoing whether intentional or spontaneous. And they may be sued for such.For example, if a patient has been injured or harmed...more
Understanding the Difference Between Term and Whole Life Insurance Life insurance is touted as a necessity for anyone with a family to support or a business to protect. It's also recommended for those who wish to leave an inheritance to someone. The choice of when to purchase life insurance (and how much to get) is complicated enough, but the most puzzling decision is often choosing a type of life insurance. How do you know whether term...more
The Inexpensive Way to Get Virginia Health Insurance There is no lack of options for residents looking to purchase health insurance Virginia. Health insurance companies operating in the state are plentiful and so are the health plans that they offer. And with the health reforms making it mandatory for everyone to own medical policy, the hunt for cheaper and affordable health plans has become more intensive. 1. Group coverage is the cheapest way to access medical insurance. It is cheap, comes with good service, has added benefits and usually no one is denied coverage. If your health plan at work also allows you to accommodate your spouse/family in the coverage, then nothing like it. 2. Quote comparison: With so much competition in the health insurance Virginia market, each carrier is trying to woo the residents by offering the lowest possible price. Comparing quotes will ensure that you do not end up paying more for a plan when there are cheaper options available. 3. An important factor in deciding the rates of the premium is the age of the applicant. Therefore the sooner you purchase your health plan, the cheaper it will be. 4. Avoid smoking: The...more
What To Know About US Term Life Insurance Policies Term life insurance is fairly simple. But sometimes the few extra features you may not have understood can be the difference between getting a good policy or getting one you are not that happy with. Take some time to learn about features of your next policy that can make it better for...more
The Best Way To Find Affordable Family Health Insurance The acquisition of family health insurance has assumed phenomenal importance over the recent years as diseases and illness continue to take a toll on people's lives. This should not come as a second thought to any person especially to those with families. The cost of healthcare...more
Understanding Medigap Insurance Ratings Prior to you fully commit to signing up for a specific Medigap policy, it pays to know about the distinct Medigap insurance ratings. For those seniors seeking extra medical coverage that supplements Medicare, Medigap is a good choice. Nonetheless, the way Medigap is structured appeals to a wide selection of applicants. Once you learn about Medigap ratings, you can pick the finest plan for you.Medigap insurance plans are provided by private insurance agencies, even though the conditions of the policy are heavily regulated by state and federal laws to make certain uniformity. Premiums for Medigap insurance can differ from agency to agency, and 1 of the methods utilized to calculate the premiums for an individual is via a ratings technique. There are three ways that Medigap policies are rated and each 1 offers benefits and drawbacks when it comes to the cost of a policy.The 1st rating technique for Medigap insurance is the attained-age-rated policy. The rates for enrollees are determined by age. When you initial enroll, normally at age 65, the premium is comparatively low. As you age, the premium will increase. The advantage to this kind...more
Insurance - Must the Loss Be Accidental? Does the assured only have to prove that a loss has taken place? He must usually prove one more factor to discharge his burden of proof - he must prove that the loss was accidental. Lord Birkenhead made...more
Insurance Risks - The Burden of Proof The significant feature, however, which distinguishes ARPI from other categories of insurance is that it covers the assured against physical loss caused by all perils and risks. Of course, having covered...more
Insurance Policy - Physical Loss Or Damage The trigger of coverage is proof of physical loss or damage to or destruction of property identified in the policy. For the purpose of defining the trigger it is not necessary to consider the meaning...more
Top 5 Everlasting Principles of Insurance Of certainty, principles ruled the world. For instance, Sir Isaac Newton propagated the acceleration due to gravity. That is whatever that go up must come down due to gravitational force. In like...more
The Changing Nature of Property Insurance - Part II Companies have asked the questions:"Do we need insurance?Why should we pay out a fluctuating premium each year dependent not on our own needs but the somewhat irrational dictates of the...more
The Changing Nature of Property Insurance - Part I All risks insurance has been with us for a long time and been used to describe a multitude of differing types of insurance including contractor's all risks and all risks transit insurance. In...more