A Guide to Storing Your Business Insurance Documents Online

business insurance documents cloud storage

While some business owners slightly grudge paying for insurance, the value of cover suddenly becomes very clear when something goes wrong and you need to call on your policy provider for support. In these moments, having quick access to your business insurance documents is essential to help process your claim quickly and get the support you need. Your business likely already has a huge range of important internal documents stored locally. However, with the surge in popularity of cloud storage solutions, there is an increasing trend for companies to back-up…

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A State Farm car insurance rate increase coming to 8 states

Car insurance rate increase - Car - money symbols - arrow

Over the summer, the insurer issued decreases since people weren’t driving as much in the pandemic. Drivers in at least 8 states may see a State Farm car insurance rate increase, according to recent filings the insurer made with state regulators. These higher premiums will follow months of decreases due to reduced miles driven. Over the summer, State Farm cut its auto policy rates across many states in the US to reflect the lower risk of coverage due to the pandemic. When the COVID-19 crisis struck, lockdowns, workers staying at…

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The 2021 average annual cost of health insurance for Americans will fall by 1.59 percent

Annual cost of health insurance - medicine - money

According to a recent study, the average yearly premiums to be paid across the US will be $5,952. As Americans look to their 2021 coverage options, a recent ValuePenguin study shows that the average annual cost of health insurance will be falling. The amount individual households will pay will vary from one state and one home to the next. The study showed that Americans, on average across the country, will be paying nearly $500 per month for their plans. The annual cost of health insurance as a national average was…

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Asbestos: The Silent Killer in Older Homes

Asbestos in older homes

Homes built before the 1980s may contain a substance that has been called the “silent killer.” Asbestos, a natural mineral that contains tiny fibers, may be included in some of the materials used to build your home more than 30 years ago. Unfortunately, many homeowners are now starting do-it-yourself projects that could involve knocking down walls, tearing out floor tiles, or upgrading plumbing without realizing they may be endangering themselves and their families. Why Was Asbestos Used? Asbestos became very popular during the Industrial Era, when its fire-retardant properties were…

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Common Questions Small Business Owners Have About Insurance

small business owners have about insurance

As a small business owner, you have a lot on your plate. While some tasks and obligations can take the back burner for the time being, others require immediate or constant attention. Ensuring you have sufficient insurance coverage is one of those responsibilities that can’t be neglected for any period of time. As a business owner, you should understand your state’s legal insurance requirements, your industry’s associated risks, and which insurance forms you need to address these liabilities. Properly insuring a company may seem daunting to new business owners, but…

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State farm fire prevention project tests electrical wiring sensors for problems

State Farm fire prevention - wires in walls

The insurance company is sending homeowners sensors in a pilot testing for electrical defects. A new State Farm fire prevention program pilot has launched. It will use sensors to detect electrical wiring hazards in 40,000 homes in California, Texas, and Arizona. The goal is to provide consumers with a way to prevent electrical wiring fires and measure savings. The State Farm fire prevention pilot will send the sensors to the homeowners to measure customer acceptance and potential savings if the program were to be broadened. The insurer’s vice president and…

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The Allstate Corporation boosts support to business ownership diversity

Allstate Corporation - Diversity and Equality in Business

The insurance company has focused on a corporate bond offering comprised exclusively of MWVBEs. The Allstate Corporation recently priced $1.2 billion of 5-year and 10-year senior notes via a syndicate comprised of exclusively minority-, women-, and veteran-owned business enterprises (MWVBEs). The insurance company’s move represents a first of its kind bond offering of this size. The Allstate Corporation’s bond offering is the first of this size with exclusive management by MWVBEs. It represents a substantial step in underscoring the insurance company’s focus on diversity and equality. “It is time to…

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