Nationwide small commercial insurance satisfaction highest in US, says JD Power

Commercial Insurance - Customer Satisfaction

The insurer earned the highest ranking for overall customer satisfaction in a recent study. A new J.D. Power study has found that Nationwide provides the best customer satisfaction in small commercial insurance. This, according to the findings from the firm’s 2019 U.S. Small Commercial Insurance Satisfaction Study. This isn’t Nationwide’s first time receiving the title. In fact, the insurer has been the top small commercial insurance company for customer satisfaction two years in a row. The company also took the top spot for the claims and policy offerings categories. “Small…

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NFL reaches concussion settlement with its insurance company

concussion settlement - NFL players - Football

Many of the league’s insurers have been battling the requirement to pay players with such injuries. The N.F.L. has reached a concussion settlement following a lengthy battle regarding payments to players who have been injured. Insurers have been resisting payments to concussed players because they say the league had not adequately disclosed the game’s dangers to its players. The battle over the concussion insurance payments has stretched out for seven years. The concussion settlement brings this fight to an end. Insurance companies had been refusing to pay their portion of…

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Home sharing participants need short term rental insurance coverage

Short Term Rental Insurance - Airbnb

Airbnb, VBRO and HomeAway members need special coverage for brief or seasonal rentals. Home sharing has become a popular way to earn extra income from a property, but all too many of those owners fail to obtain short term rental insurance. Regardless of whether a condo, seasonal property or home is rented in its entirety or just a portion, these guests are not typically covered by standard homeowners insurance. That said, this doesn’t mean that there isn’t any coverage at all for these helpful income sources. There are many home…

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Small Business Health Insurance Trends 2019

The majority of Americans rely on small business health insurance to get the coverage they need. Unfortunately, too many small businesses fail to offer the right coverage options. In fact, in a survey of firms with between 3 and 9 employees, only 44% of those small businesses offered any health benefits. That’s bad news considering that small businesses make up the majority of businesses in the United States. Luckily, things are looking up. Despite the complicated and confusing insurance landscape of today, new trends are taking over that make small…

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Independent Courier Insurance Spikes in Popularity from Common New Jobs

Independent Courier Insurance - Bike Rider

As businesses hire a growing number of people on bicycles, scooters or cars, liability coverage needs rise. Businesses of all sizes are looking to different types of delivery options for convenience and savings, requiring many self-employed individuals to seek independent courier insurance. Not all couriers work for massive global companies and those on bikes and scooters need coverage, too. Damage and liability issues are the most important part of independent courier insurance. These typically have to do with the vehicle being used to make the deliveries as well as the…

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Pennsylvania workers compensation insurance implements important filing changes

Pennsylvania workers compensation - filing - errors

The state has made several large changes to help reduce the odds of filing of loss cost errors. The Pennsylvania workers compensation insurance system has undergone considerable changes that have now gone into effect. According to the state Insurance Commissioner Jessica Altman as well as Labor and Industry Secretary Jerry Oleksiak, their offices have come to agreements with two major insurers and with the Pennsylvania Compensation Rating Bureau (P.C.R.B.). Together, the organizations hope this will substantially reduce the instance of filing of loss cost errors. These errors to filing of…

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Virtual assistant insurance is highly recommended for entrepreneurs in this niche

Virtual assistant insurance - customer support

VAs are facing very specific risks and exposures and are typically advised to buy coverage. Virtual assistant insurance can be highly beneficial for V.A.s as the unique exposures they face in their line of work due to the damage they could cause to their clients’ businesses and reputations. The potential damage that could be caused by a simple mistake is substantial and may be costly. Virtual assistant insurance takes into account the fact that V.A.s have access to a substantial amount of information about their clients. They can access and…

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