Insurance Continuing Education - Building Elevation Information BUILDING ELEVATION INFORMATION (SURVEY REQUIRED)The responsibility of providing a number of elevations based on the building type selected is that of the surveyor, engineer, or architect. From these elevations gathered, the agent is required to determine the lowest floor for rating flood insurance.The surveyor, engineer or architect should complete Section C, but if it is...more
Small Business Health Insurance a Valuable Employee Benefit Small business owners should consider small business health insurance as a valuable employee benefit and staff retention tool. Most small business cannot afford to lose a member of staff for any length of time, the business is usually run by the directors or partners and each has a vital role in the business. Consider the fact that if one of these key members of staff were to...more
Insurance Continuing Education - Cancelling a Flood Insurance Policy The cancellation or nullification of Flood Insurance Policy procedures can be found in detail at http://www.fema.gov/business/nfp/manual.shtm - and it contains some10 pages of detail. This discussion does not cover all of the intricacies and details contained in the manual, but should give the agent guidance on what canceling or nullifying a policy can entail, what is needed, and how it can be explained to the client.REFUNDSRefunds will be made by the insurance company for the current and one prior year. If refund is requested for a period of more than 2 years, then the NFIP must process the request. The request must consist of a policy cancellation request and the premium refund calculation for each year. (A copy of the cancellation request form follows.) The insurer must also include statistical records for each policy term and evidence of premium having been received—accounting details which should be expected.COMPLETING THE CANCELLATION FORMCurrent Policy Number: In the upper right-hand corner of the form, enter the NFIP policy number.Policy Term: Enter the policy term and the...more
Commercial Insurance In New Jersey Every business is required by law to carry commercial insurance to cover the equipment, operations, and employees associated with conducting business. Personal insurance policies will not pay claims when incidents happen within the life of a business. While commercial insurance premium rates are somewhat...more
Affordable Medical Health Insurance Options Major medical health insurance coverage is a popular low cost health care option and is available through most large health insurance companies. Major medical rates are typically substantially lower than conventional comprehensive plans and are popular with individuals and families that are mostly...more
Why Professionals Should Carry E&O Insurance If you are a professional, offering services to the community or the nation, you must build a comprehensive insurance portfolio that will cover you and your business in the event of a lawsuit or a claim. While most business owners will invest in a BOP, also known as a Business Owners Policy, many overlook the need for e&o insurance. E&O insurance also referred to as errors and omissions or professional liability insurance plans, cover liability risks that are excluded in a general liability package. Designed to supplement your BOP plan, errors and omissions insurance will cover gaps that are commonly found in an commercial insurance portfolio, professional liability insurance is a wise investment that could save you thousands, if not millions, of dollars in the future.Errors and Omissions insurance covers claims and legal expenses associated with lawsuits filed by clients because you made errors or acted negligently while performing your professional services. Because most professionals must undergo years of training to develop a skill and knowledge in their field of work, they are held to the highest of standards....more
Tax Savings through Insurance Plans Life Insurance is a very popular way of saving on your tax liabilities. Section 80 C of the income tax states that investments upto Rs 100000 on life insurance and unit linked plans can reduce your tax...more
New Jersey Car Insurance: Make Sure You Know The Facts The first thing you should do before arranging car insurance is check what the requirements of your state are. Car insurance is a legal requirement for drivers in the vast majority of...more
Important Tips When Planning for Long Term Care Insurance The need for long term care happens to anyone, no matter how hard you convince yourself it won't happen to you some time in the future. You can't predict all the unlikely life events...more
Buying Long Term Care Insurance Makes a Difference It is quite baffling why most people give priority to material things like their cars and all caprices in the world than their health. Some people would even pay hefty insurance for Chevy and...more
Online Car Insurance Quote - The Basics It will do you a lot of good if you know how to access an online car insurance quote. This way, you will be able to estimate the amount that you will have to pay for your insurance premium. The data...more
Medical Insurance Companies Find Healthcare Reform Loopholes The Obama administration made it a point to require medical insurance companies to provide health care coverage to children without imposing any limitations or exclusions. This is a...more