The Patient Protection and Affordability Care Act, known as Obamacare, is about to enter the next phase of implementation this year. Despite the fact that we are only months away from significant changes to how we access health insurance, millions of people, especially small-business owners, aren’t clear about what the ramifications [...]
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If a natural disaster struck and you lost everything, would you be able to provide your insurance company with an accurate estimate of what you lost? For many people the answer is no. The value of your home can be easily determined using publicly available information but what about your clothes? [...]
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You may be among the millions of consumers who will be renting a car over the Thanksgiving holiday. One of the most expensive parts of renting is insurance policies that rental car companies offer, which can easily double or triple the cost of your rental.
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Health insurance companies are sending their 2013 renewal packages to their small-business clients. In addition to the renewal rates, a section titled “Health Care Reform” is included with a timetable of important changes taking place.
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As conditions in the northeast gradually return to normal, many small-business owners are faced with the daunting task of rebuilding their businesses. In some cases, the damage to the store, warehouse or facility may be so great that repairing it isn’t worth it. In other cases the insurance policy payout may [...]
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With President Obama winning re-election, the healthcare reform law is now certain to move towards full implementation beginning in 2014. Governors and state legislatures, however, will still have an important say in how and when many of the key elements are implemented.
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After a natural disaster like Hurricane Sandy, consumers and small-business owners take it for granted that their insurance companies will take care of the damages. But if the losses exceed what the insurance company planned for, there is a risk that they may not be able to make good on those [...]
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Insurance company adjusters will be extremely busy for the next several months processing claims. If your small business suffered damages from Hurricane Sandy, it’s important to begin the claims process as soon as possible to ensure timely payment.
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Business interruption insurance provides compensation to businesses that are forced to shutdown temporarily. It covers the revenues that you would have generated during the time you are closed so you can keep paying your expenses.
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The insurance industry was not prepared for Hurricane Katrina, which caused over $75 billion in insured losses (in 2012 dollars). For Hurricane Sandy, it’s a far different story. While the overall economic damage has yet to be calculated, insured losses are estimated…
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