Disability insurance for professionals: Yes, they need it

disability insurance

Medical and legal professionals need this coverage as much as – if not more than – other professions. Professionals need disability insurance to provide them with income for maintaining their accustomed lifestyle until they receive medical clearance to return to work again. Illness is the leading reason for claims filed on disability plans. Professionals such as doctors, dentists, lawyers and others often overlook disability insurance. This is often because the coverage is associated with jobs requiring physical labor. However, an illness or injury can interrupt a doctor or lawyer’s capacity…

Read More

Zurich Insurance predicts its pandemic claims payouts will break $750 million this year

Pandemic claims - Man sittig at window looking out - virus

The estimates involve the overall property and casualty (P&C) payments specific to the coronavirus. Zurich insurance has released its most recent forecast regarding payments of pandemic claims. The insurer giant predicts that its own payouts will be in the ballpark of $750 million for 2020. The insurer’s CFO said that the claim level can be compared to all 2017’s hurricanes combined. George Quinn, CFO at Zurich said that the size of the pandemic claims is similar to what they experienced in 2017 from Hurricanes Harvey, Irma and Maria, combined. That…

Read More