Insurance

Liability insurance for directors and officers is not just for large public companies; it can be an equally valuable risk management tool for smaller businesses. Directors and Officers (D&O) liability insurance helps protect directors and officers of public and private for-profit businesses of all sizes, as well as non-profit organizations, and educational institutions. A D&O insurance policy provides financial protection for managers against claims arising from actual or alleged “wrongful acts” of directors and officers [...]

An estimated 721,000 vacation homes sold last year. That's down nearly 22% from the year before.¹ When it comes to insuring your second home, you may find that the coverage you need is quite different from what you have on your primary home. The Unique Risks of a Second Home Your current homeowners policy may allow for coverage of two properties under one policy, but because there are unique risks with a second home, a separate policy [...]

The stories of social media fails are legendary—companies using inappropriate humor regarding serious social issues, typographical errors, or pop references that backfire. These examples represent reputational issues that can affect your company’s brand and its sales. The mistakes in social media marketing that make the headlines can obscure other forms of risks presented by social media, namely privacy violations, security breaches, unauthorized use of intellectual property and employment-based claims, among others.¹ Liability Risks of Social [...]

Consider these facts on aging from the 2010 Census:¹ The highest growth rate for a 10-year age group within the older population (age 65+) was for men 85 to 94 years old (46.5%). For women, this age group grew by 22.%. Of all five-year age groups, men ages 90 to 94 had the fastest growth rate (50.3%) . Living this long may have unexpected tax consequences. Here’s why. Many older life insurance policies mature at [...]

If you are like most homeowners, you love selecting the fixtures, fabrics, and paint colors of your home improvement project. But there is one very important item that you may overlook—making certain you are properly insured. Why Proper Insurance Matters You may need to review your insurance before beginning any home improvement project since it can expose you to additional financial risks. If you choose to act as your own general contractor (in other words, you [...]

About 13 percent of all motorists, or one-in-eight drivers, do not have automobile insurance, according to the Insurance Research Council.¹ Having the misfortune to get into an accident with an uninsured motorist may have serious financial consequences, depending upon the state in which you reside and whether it is a “no-fault” or “tort” state. In no-fault states, the law does not assign blame for an accident. As a result, each driver is reimbursed by his [...]

With the children now out of the house, financial priorities become more focused on preparing for retirement. At this stage, you may very likely be at the height of your earning power and fast approaching peak savings as you lay the groundwork for retirement. During this final leg to retirement—and throughout your retirement period—wealth protection is critical. The preservation of your assets will not be solely a function of your investment strategy, but will include [...]

A growing family, by definition, means growing financial obligations — both in the present and in the future. Raising children can increase your insurance needs and heightens the urgency for being properly prepared. Auto When a child becomes a new driver, one option is to add the teenager to the parents' policy. You may want to discuss with your auto insurer ways to reduce the additional premium that accompanies a new driver. Home You should periodically review [...]

The transition to adulthood is an exciting new stage that marks true independence. You may have graduated from college, taken your first job, and even rented your first apartment. With this new freedom come real responsibilities, including protecting yourself from the financial risks life presents. Auto Once you are no longer covered on your parent(s) policy, you will need to find insurance coverage in your name. It can be expensive for a young driver, so [...]

Marriage changes everything, including insurance needs. Newly married couples should consider a comprehensive review of their current individual insurance coverage to determine if any changes are in order, as well as consider new insurance coverage appropriate to their new life stage. Auto The good news is that married drivers may be eligible for lower rates than single drivers. Since most couples come into their marriage with two separate auto policies, you should review your existing [...]