What type of insurance coverage should small businesses consider?

Basics of commercial insurance coverage plans Proper insurance coverage is important for companies of all sizes, but when it comes to shopping for policies, small business owners often struggle to know what they should be buying. This is because there are several different types that should be considered and that may need to be covered. It can be vital to the financial security of a small business that it covers itself against the main risks involved in the ownership of that business. The right policy will make the difference between…

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Missouri Senate overturns Governor Nixon veto on worker’s compensation changes

The Missouri Senate has overridden a veto from Governor Jay Nixon concerning the states worker’s compensation laws. Governor Nixon had vetoed a bill last month that would have imposed bans on some lawsuits regarding workplace injuries. The Senate voted to overturn this veto with a 24-9 vote, claiming that the ban would cause significant legal problems throughout the state. After overriding the veto from Governor Nixon, state legislators passed a bill that would stop employees from suing their co-workers for injuries they receive whilst working. This is not the only…

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What should you think about when you consider buying cyber insurance

Data breaches are a form of attack that can come on with absolutely no warning or provocation, and can cause either very little or no damage, or can cripple a business’s ability to function. Because they are so unpredictable, making them extremely challenging to budget for, cyber insurance is considered by many to be a very practical way to offset any of the unanticipated costs that can be associated with them. That said, it remains very important to take additional preventive efforts and security practices to ensure that your data…

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United Nations report stresses the need for action on climate change

Climate change may be a controversial issue in the world of politics, but the insurance industry is betting on dramatic weather becoming a reality in the near future. The belief of the global insurance industry is shared by the United Nations. The UN’s Intergovernmental Panel on Climate Change has released a report concerning climate-related disasters, indicating that all nations will be susceptible to extreme weather. The report is aimed at politicians around the world, stressing the necessity of preparing for future disasters wrought by climate change. The United Nations claims…

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Results of 2012 National Critical Illness Insurance Buyer published

The American Association for Critical Illness Insurance, in association with General Re Life Corporation, has released a report based on the results of the 2012 National Critical Illness Insurance Buyer Study. The study showed that there is a growing number of people purchasing critical illness insurance in the demographic of those between the ages of 25 and 45. They are buying the coverage in order to ensure that they will have immediate cash payments available to them should they ever receive a diagnosis of a serious health condition. Approximately 49…

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