Annual Insurance Review is Crucial to Your Growing Business

As a business owner, do you have the right insurance policy?   Let’s say you started your business 10 years ago with just a small space and computer desk. Today, you have an office full of employees and equipment. If you still have the same insurance coverage as you did a decade ago, or even just a few years ago, the chances are high that you are underinsured.   One of the biggest mistakes owners of growing businesses make is not keeping up their insurance coverage to account for the expanding assets and potential liabilities. To avoid this mistake and…

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How to Travel Safely with Your Pet

For the vast majority of us, traveling with a pet is not an easy task. Although most cars are not really designed for conveniently transporting our pets, there are times when driving with your cat and/or dog is absolutely necessary. Taking Fido or Fluffy to the vet, dog park, or even on a road trip with you are some examples of when you may have to drive with your pet. Sometimes these events are just unavoidable. Safely Driving with Your Pet Unfortunately, accidents happen. Some auto insurances offer coverage if your pet is injured in a car accident. Even so,…

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Does a Homeowner’s Policy Cover Your Home Business?

Thanks to advances in technology, more and more people are running home-based businesses. 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 few companies offer such endorsements. Additionally, some policies may give a very limited amount of coverage for business property, such as a computer. According to the Independent Insurance Agents & Brokers of America, roughly 60% of home-based businesses lack adequate business…

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Read more about the article Fender-benders – Your Guide to Minor Accidents
Close-up of man and younger woman examining car after accident.

Fender-benders – Your Guide to Minor Accidents

Accidents can happen all too easily; and, if not handled properly, the situation can quickly spin out of control. Imagine that you find yourself in this scenario: While behind the wheel, you misjudge the space between your car and the one in front of you when making a turn in close traffic. You tap the rear bumper of the car in front of you. The other driver gets out of their car to inspect the bumper. They appear to be unhurt, and you don’t see any noteworthy damage to the car either. The other driver tells you to forget about…

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Want to be Prepared for Retirement? Work With a Professional

Did you know that people who use financial advisors are more likely to feel confident in their retirement preparedness than people who don’t? Well, according to a recent report from the LIMRA Secure Retirement Institute, it’s true. Reportedly, out of the pre-retirees surveyed by the LIMRA Secure Retirement Institute, 43% of those who work with an advisor claimed to feel well prepared for retirement. In contrast, only 21% of those who do not work with a financial advisor report feeling similarly confident. It Helps to Have a Plan Additionally, the survey found that having a formal, written retirement plan is…

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Trends Are Favorable for Medicare Advantage Plans

Medicare Advantage plans continue growing in their attractiveness to seniors with their expanded benefits and higher quality of care. According to an industry group, the Alliance of Community Health Plans (ACHP), there are several positive trends for MA plans that are likely to continue. They offer a high quality of care Medicare rates MA plans on a "star rating" basis, with one star representing the lowest quality and five stars being the best. When the rating system began, about a quarter of MA members were in a plan rated four stars or higher. Eight years later, more than three-quarters were…

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Supply Chain Disruption Lessons from Pandemic

Besides the health and economic devastation that the COVID-19 pandemic has left in its wake, it has also caused supply chain disruptions that have affected a number of industries. The fallout for companies of all types illustrates the fragility of most businesses' supply chains. The pandemic has left retailers with half-empty shelf space because product manufacturers couldn't keep operations going due to raw material or personnel shortages, while a number of carmakers and other manufacturers have had to suspend operations because of a global semiconductor shortage. But it's not only large companies that suffer, and small businesses are especially vulnerable.…

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Drugmakers Raise Prices under Cover of COVID-19

Drugmakers increased more brand-name list prices this January than in any other January in the past 10 years.  The month is marked by drug price increases every year, but a review by the nonprofit 46brooklyin found that pharmaceutical companies had pushed through 929 price increases in the first 25 days of the year. That's more than the 737 price hikes they made in all of January 2020. 46brooklyn also examined the top 25 drugs by gross spending in Medicare Part D and found that the pharmaceutical companies had increased the prices of 20 of them by an average of 4.3%…

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