Tutoring business insurance isn’t required but may be necessary

Tutoring business insurance - Teacher and student

Though private tutors aren’t legally required to buy coverage, the right policy may be essential. Tutoring business insurance may not have been the first thing that popped into your mind when you decided on this job, but it can make all the difference if things take an unexpected turn. When you decide to begin as a tutor, it’s a good idea to consider your risk exposure. Before you start working, think about the many types of risk that you may face along the way. As much as we may not…

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State Farm launches holiday season with small business safety tips

Small business safety - people working - computer - business

The insurance company created a complete list of recommendations for entrepreneurs during December. A recent release from State Farm placed the focus on small business safety. The company decided to “unwrap” some of the best tips it had to make sure entrepreneurs benefitted from the holidays while staying safe at the same time. The insurer underscored the importance of the right coverage especially during heavy shopping times. State Farm pointed out that at this time of year, there is considerably more foot traffic to contend with. This often also means…

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Insurance industry legal costs exploding as US juries increasingly side with plaintiffs

Insurance industry legal costs - american dollars

Insurers from around the world are expected to face legal expenses topping $200 billion. United states jury payouts are sending global insurance industry legal costs skyward. Insurer execs face a rising fear from the size and frequency of awards jurors are requiring the firms to pay out to plaintiffs. Payouts insurance companies must pay to lawsuit plaintiffs are starting to pose a threat to the industry. The trend is being called “social inflation” as juries demand more frequent and generous payouts that insurers must cover for cases ranging from tainted…

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California to overhaul comprehensive home insurance following widespread wildfires

Comprehensive home insurance - house on fire

Homeowners who lost their coverage due to fire threats will have access to plans next year. Californian homeowners who have been struggling with the loss of coverage due to wildfire threat will soon have comprehensive home insurance available to them once again. A new state-mandated plan has been created to make sure residents can obtain coverage. California Insurance Commissioner Ricardo Lara issued an order for this new comprehensive home insurance plan last Thursday. It was a response to the catastrophic wildfires that have left devastation in their wake in the…

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Allstate spikes Illinois homeowners insurance rates for almost 200K policyholders

Illinois Homeowners Insurance Rates - neighborhood of houses

The second largest home insurer in the state is raising rates by 8 percent in early 2020. Allstate will be increasing its Illinois homeowners insurance rates by the largest amount the state has seen in several years. By early next year, policyholders will be paying an average of 8 percent more for their coverage than they are this year. The Illinois Department of Insurance announced the rate hike in a filing they issued on Halloween. Allstate is the second largest home insurance provider in the state. It has just about…

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Preparing for Halloween insurance claims with prevention and coverage

Halloween Insurance Claims - Jack-o-lantern

Home and vehicle owners should be prepared for accidental damage and mischief makers. Halloween insurance claims can be tricky for homeowners and car owners who didn’t prepare in advance. That said, there are certain things that consumers can do to make this evening more of a treat. Though most tricks are just a nuisance, things can sometimes go too far – on purpose or accidentally. When ghosts, goblins and vampires are out trick-or-treating on Halloween, they can get overly excited and what was meant to be a small prank –…

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Candy store insurance often involves coverage beyond general business policies

Candy Store Insurance - M&Ms Star Wars Candy

These small business owners need protection for issues relating to their many types of confections. If you’re a confections business owner, then you may be surprised to discover that there are specific candy store insurance policies that you can tailor to your unique needs. Your business provides a range of different types of foods which come with a variety of risks. A candy store insurance policy takes into consideration the specific risks that can concern your business. After all, at any given time, you likely have hard candies, chocolate, popcorn,…

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