Manufacturing should be just about the lowest risk activity going, right? Transforming materials into objects should be a very easy thing to carry out according to plan, in theory. In practice, there are lots of hiccups and disasters that can scupper a manufacturer’s best-laid plans. It is important to take out comprehensive insurance in the manufacturing industry. Here are just a few of the reasons why. Material Inconsistencies Can Cause Huge Disruption A manufacturing operation is reliant upon the materials you can get ahold of. No matter how well-trained your…
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5 Signs You Are Dealing with an Unprofessional Medical Malpractice Insurance Company
Medical malpractice insurance is an insurance product specifically designed for medical professionals including doctors, nurses, and other healthcare professionals. At its core, medical malpractice insurance is similar to the professional liability insurance policies that businesses get to protect themselves from consumer lawsuits. Much like liability insurance, medical malpractice insurance helps doctors and other healthcare professionals to cover the cost of lawsuits filed by patients. Importance of Picking a Trusted Insurance Partner Medical malpractice insurance companies have the supremely complicated job of understanding the intricacies of medical care, insurance, and legal…
Read MoreProfessional Claims Solutions (PCS) Investigation Leads to Insurance Fraud Arrest/Conviction in Passaic County
Professional Claims Solutions (PCS) VCWC (Video Camera and Witness Canvass) Investigation uncovered a staged pedestrian accident. PCS conducted a thorough Video Surveillance Canvass and located a camera over two blocks away on a Passaic Housing Authority building that captured the staged accident. Upon the completion of the investigation, the individual depicted in the below video link was subsequently arrested and prosecuted for ‘Insurance Fraud’ by Passaic County Prosecutor’s Office. These types of investigations and companies like PCS are playing a major role in keeping insurance premiums as low as possible. Having video of an…
Read MoreInsurance industry social media can define an agent’s success
A massive generation of consumers depends on social and mobile but many agents and brokers aren’t keeping up. From the point of view of the Millennial generation, insurance industry social media is, for the most part, lacking. Sure, the large insurers all have their own Facebook page and Twitter accounts, but many agents and brokers don’t. Failing to provide even the most basic experience on social platforms can be a critical mistake. The main problem with insurance industry social media is that the presence simply isn’t there when it should…
Read MoreForrest T. Jones Launches New Insurance Plan for Accountants
Forrest T. Jones & Company Launches National Professional Liability Insurance Program Kansas City, MO – Forrest T. Jones & Company (FTJ) announced today that it has completed an agreement with Liberty International Underwriters (LIU) to serve as the Program Administrator for LIU’s national accountants’ professional liability insurance program for accounts with annual revenues up to $5 million. FTJ will market, underwrite and administer the program under its ProDefenderTM product line, issued by Liberty Insurance Underwriters Inc. The program will be offered to eligible accounts on an admitted basis in all…
Read MoreThousands could lose their health insurance due to website glitches
Many people are in danger of losing their insurance coverage because of information discrepancies Thousands of consumers throughout the U.S. are at risk of losing their health insurance coverage due to discrepancies with the information they provided to insurance exchanges. The federal Department of Health and Human Services has been working with many people to ensure that this does not happen, but ongoing problems with state-based exchanges may be making the issue more problematic than it already is. HealthCare.gov is unable to handle consumer information Many of those that have…
Read MoreInsurance and Credit
Credit is sometimes a controversial subject that few people really understand. For those familiar with the financial service industry, credit is a simple matter, but not everyone is familiar. For most, credit means nothing more than credit score, a seemingly arbitrary rating of a person’s financial value. Credit is somewhat more complex than that, however, especially when it comes to the insurance industry and a company’s willingness to take on financial risks. A credit score is a gauge of a person’s overall financial risk. A low credit score means that…
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