Understanding General Liability Insurance!

In today’s litigious society, even small mishaps can result in large lawsuits. That’s why general liability insurance, along with property and worker’s compensation insurance, is essential for most companies. Liability insurance protects the assets of a business when it is sued for something it did (or didn’t do) to cause an injury or property damage.

General liability insurance can be purchased separately or as part of a business-owner’s policy (BOP). A BOP bundles property and liability insurance into one policy; however, the liability coverage limits are generally pretty low. Businesses that need more coverage usually purchase liability insurance as a separate policy. The amount of coverage a business needs depends on a couple of factors:

• Perceived risk. Business owners should first consider the amount of risk associated with their business. For example, a business that manufactures heavy machinery is at a greater risk of being sued than a company that manufactures linens, and would therefore need more liability insurance.
• The state in which you operate. Businesses that operate in states with a history of awarding high damage amounts to plaintiffs typically need to carry liability insurance with higher coverage limits. An insurance broker can offer guidance in this area.

Finding the Right Coverage Plan to Fit Your Budget Comfortably

Rick LeCates Insurance Services is Your Mortgage Protection Specialist. His mission is to provide his clients with access to innovative coverage options from the nation’s top-ranked carriers. Rick LeCates meets with his clients in their home rather than a branch office. In doing this, he gets to know families on a personal level to understand their specific wants and needs. In this way, he can customize the right coverage plan that fits your budget comfortably.

Whatever your need, Rick will work with you one-on-one to answer your questions, explore the options, and find the best solution. Services such as Accidental Death Protection, Term Life Insurance, or Immediate Annuities, he offers that and more. Give him a call today and let him help you protect the ones you love. Read more

Questions about Long Term Care Insurance?

Long-term care insurance (LTC or LTCI) helps provide for the cost of long-term care beyond a predetermined period. Long-term care insurance covers care generally not covered by health insurance, Medicare, or Medicaid.

Individuals who require long-term care are generally not sick in the traditional sense, but instead, are unable to perform the basic activities of daily living (ADLs). Long-term care isn’t necessarily long term. A person may need care for only a few months to recover from an accident, surgery or illness. As an individual ages, there is an increased risk of needing long-term care. Read more

How Does Universal Life Insurance Work?

Universal Life Insurance, also called “Flexible Premium Adjustable Life Insurance,” entered the life insurance market in the early 1980s as a more flexible version of Whole Life Insurance. Like Whole Life Insurance, Universal Life Insurance features a savings element that grows on a tax-deferred basis. A portion of your premiums are invested by the insurance company in bonds, mortgages and money market funds. The return on the investments is credited to your policy tax-deferred. A guaranteed minimum interest rate applied to the policy (usually around 4%) means that, no matter how the investments perform, the insurance company guarantees a certain minimum return on your money. If the insurance company does well with its investments, the interest rate return on the accumulated cash value will increase. Universal Life allows you to choose from two death benefit options. Option A pays the death benefit out of the policy’s Read more

Did you think about Renters Insurance?

Renters face the same risk as homeowners in cases of disasters striking their dwelling. Your landlord or condo association may have insurance, but this only protects the building, not your things in it. Renters insurance can protect your belongings in case of disaster.

There are several types of residential insurance policies and generally, these cover losses to your personal property from 16 types of perils:

·        Fire or lightning

·        Windstorm or hail

·        Explosion Read more

Got questions about Auto Insurance?

Vehicle insurance (also known as auto insurance, car insurance, or motor insurance) is insurance purchased for cars, trucks, and other vehicles. Its primary use is to provide protection against losses incurred as a result of traffic accidents and against liability that could be incurred in an accident.

In many jurisdictions it is compulsory to have vehicle insurance before using or keeping a motor vehicle on public roads. Most jurisdictions relate insurance to both the car and the driver; however the degree of each varies greatly. Read more

Insurance Company That Works for You

Joseph H. Tyson and Co. was founded in 1936 and is a service-oriented, all lines insurance agency, serving the Delaware Valley and beyond. Their firm is staffed with proven professionals that are conscientious, caring people you can count on. They don’t work for an insurance company, Joseph H. Tyson and Co. works for you.

Whether you seek Business Insurance, Life Insurance, or Home Owners Insurance, you know you can count on Joseph H. Tyson and Co. They are on your side when you have a claim and strive to see that you get what is fair in a timely fashion. Contact them today for more information. Read more

Providing Clients with Guidance to Make Sound Financial Decisions

Talone Insurance Inc.  is a full service insurance firm specializing in Estate Planning and Retirement Planning for individuals, as well as Employee Benefits for business organizations of all size and industry. Areas covered include but are not limited to investments, retirement, education planning, insurance planning and income tax planning. Read more

Got questions about HMO? Find everything you need to know about insurance today!

A health maintenance organization (HMO) is a type of managed care organization (MCO) that provides a form of health care coverage in the United States that is fulfilled through hospitals, doctors, and other providers with which the HMO has a contract. Unlike traditional indemnity insurance, an HMO covers only care rendered by those doctors and other professionals who have agreed to treat patients in accordance with the HMO’s Read more

Good Student Car Insurance Discount

Who ever said getting good grades doesn’t pay off? Helene M. Lee with Nationwide gives up to a 15 percent discount on your auto insurance when your teen earns a B average or above on their report card. Find out more today and give Helene M. Lee a call! Nationwide IS On Your Side. Read more

Next Page »