5 Smart Tips For Getting Your Small Business Loan Approved

Get Business Loan Approved

In an ideal scenario where every business person has all of the resources they need, turning a great business concept into a massive success would be a breeze. However, as we’re all aware, this is not the case. Consequently, many small business owners turn into small business loans to support their business ventures. However, not every loan application gets approved. “Getting a small business loan application approved may be as confusing for small business owners as the tricks in a magic show. However, the process becomes a lot simpler with…

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Are health insurance companies required to cover home COVID-19 tests?

Health Insurance Companies - COVID-19 home test

The Biden-Harris Administration announced that insurers and group plans must cover FDA-approved tests. This week, the Biden-Harris Administration announced that health insurance companies and group plans will be required to cover FDA-approved home COVID-19 tests as of January 15. As of January 15, policyholders will be able to obtain those home tests without out-of-pocket costs. “This is all part of our overall strategy to ramp-up access to easy-to-use, at-home tests at no cost,” said Xavier Becerra, Secretary of the US Department of Health and Human Services (HHS). “Since we took…

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Fair auto insurance practices bill passes New Jersey legislature

Auto insurance Law

The new law got the nod from the NJ General Assembly and Senate at the start of this week. A new auto insurance law was just approved by the New Jersey General Assembly and Senate, focused on improved enforcement of fair practices. The law allows people injured in car accidents to file civil lawsuits against insurers. The New Jersey Insurance Fair Conduct Act makes it possible for auto insurance policyholders to sue their insurers if they are unreasonably denied a claim for underinsured or uninsured coverage. They may also do…

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AAA Insurance asks drivers to prevent auto theft with this one simple step

Auto theft - person stealing car

The insurer has asked policyholders to make locking their vehicles their New Year’s resolutions. AAA Insurance has asked drivers in Kansas to prevent auto theft by making locking their cars their New Year’s resolutions. This single easy step is one of the fastest ways to make certain thieves leave their vehicles alone. According to AAA Insurance, simply locking a car – and bring the keys with them – when it’s not being used will save policyholders time, money and heartache without needing to make any real effort. The insurer is…

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The Metaverse and Insurance: How Will it Work?

Metaverse and Insurance

In tech circles, you may have heard whispers of the mysterious-sounding “Metaverse.” Facebook unveiled its plan to go “Meta” in October 2021, but there are swirling uncertainties as to the actual features and implementation of this new technology, which promises a level of virtual reality and interconnectability that was previously unimaginable. Large amounts of capital are being pumped into the Metaverse. It could even become an integral part of Web 3.0, together with blockchain and Bitcoin. When it comes to regulatory issues like insurance concerns, however, it can be difficult…

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Auto insurance rates will rise in 2022, regardless of COVID-19

Auto insurance rates - Increase 2022

No matter what the pandemic decides to do this year, drivers will be paying more than in 2021. Auto insurance rates were broadly discounted, refunded and otherwise reduced over the last couple of years, starting in 2020 when the pandemic began and sent employees home to work remotely or, in less fortunate cases to be furloughed or laid off. The lack of drivers on roads meant that the risk of crashes decreased, reducing the cost to insure vehicles. As it became clear that it was less costly to insure people’s…

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Insurers and licensees alike concerned over Michigan cannabis liability insurance

Cannabis liability insurance - cannabis growers

The state’s new legislation could force insurers and licensees to suddenly jump through complex hoops. Michigan’s new cannabis liability insurance legislation has now become effective and may unintentionally force companies and their insurers in the state to have to scramble to ensure they are compliant with the mandatory and complex changes. The state moved forward in quite a surprising way with the requirements without consulting the insurance industry. The Michigan cannabis liability insurance regulations went into effect quite suddenly without consultation with the insurance industry on the mandates’ feasibility. Many…

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