Does a Homeowner’s Policy Cover Your Home Business?

Thanks to advances in technology and the Internet, more and more people are running home-based businesses, either full-time or part-time. But will a homeowner's policy cover the risks of a home-based business? In nearly every case, the answer is no. The only exception to this might be if a homeowner's policy has a special endorsement, such as to run a catering company from your home. Yet fewer and fewer companies offer such endorsements. Additionally, some policies may give a very limited amount of coverage for business property, such as a computer. Sixty percent of home-based businesses lack adequate business insurance,…

Continue ReadingDoes a Homeowner’s Policy Cover Your Home Business?

Fender-benders – Your Guide to Minor Accidents

It can easily happen. You misjudge the space when making a turn in close traffic or in a parking lot and you tap another car's rear bumper. The other driver gets out his car and appears unhurt. He inspects the bumper and says "Let's just forget about it." You agree and go on your merry way. A few weeks later, however, your insurance company informs you that the man is suing you for lost wages, neck injuries and pain and suffering. Where did you go wrong? The so-called accident was only a tiny tap that barely scratched paint. There couldn't…

Continue ReadingFender-benders – Your Guide to Minor Accidents

Illness or Injury: How your Business can Protect your Employees

According to a recent survey, four in 10 American workers live paycheck to paycheck. This means that an unexpected illness or injury that takes your employees off the job for more than a few days can have devastating consequences for many of your employees who depend on their wages to survive. Disability insurance - sometimes called disability income insurance - helps protect workers' incomes against the possibility of loss of work from illness or injury. What it covers In a nutshell, disability insurance helps replace a portion of a worker's income if that worker loses his or her income due…

Continue ReadingIllness or Injury: How your Business can Protect your Employees

Medicare Changes Take Aim at Drug Costs, Push Telemedicine

A series of changes to Medicare programs may lead to lower drug prices for some Medicare Part D and Medicare Advantage enrollees, expand services to include transportation and telemedicine, and bring hospice benefits to Medicare Advantage patients. Drug plan changes Under the Part D Payment Modernization initiative, the Center for Medicare Services is revising the way Medicare compensates private insurers, with the intent of increasing competition and creating incentives for companies to lower drug prices and reduce costs for plan enrollees. Under the current system, once a patient's spending reaches the "catastrophic" threshold, Medicare picks up 80% of the cost…

Continue ReadingMedicare Changes Take Aim at Drug Costs, Push Telemedicine