Monthly Archives: March 2015

Three Benefits of Life Insurance

If you haven’t found life insurance in CT yet, you should make it your number one priority. Life insurance is a good way to protect and provide for your loved ones after your death, and it’s important to have a sound policy in place. However, life insurance doesn’t end with death benefits. There are several other benefits that only life insurance can provide.

Added Benefits

Additional advantages of life insurance include:

  1. Asset protection: If you need a financial safety net, your life insurance policy can act as one, and it can negate the effect of estate taxes upon your death.
  2. Access to cash: After it accumulates, your life insurance policy’s cash value is usually accessible through a policy loan or withdrawal. If you need extra money for education funding, retirement, or emergencies, you may be able to use the cash value of your life insurance policy.
  3. Protected insurability: As long as you remain current with your premiums, permanent life insurance gives your lifelong coverage, even in the event of a health change. Furthermore, buying life insurance at a young age can help lock in insurability.

Select Your Policy Today

Forgoing life insurance in CT is a gamble that you shouldn’t have to take. Find an established insurance agency and discuss your needs with the agents. You need to protect your family, and to do that you must have life insurance.

Reasons to Consider Insurance for a Nursing Home Facility

There is a growing population of aging Americans, thanks to the baby boom during the middle of the last century. More and more of these people are finding themselves in need of care away from their homes. Many assisted living facilities are filling that role, but need the right nursing home insurance policy to ensure that all employees and residents are protected.

Prepare for a Claim

If your assisted living center has never had a claim, that is good news. However, there is always the chance that a resident, a residents family member or a member of your staff could surprise you with a claim. You dont want to be caught off-guard. Investing in a nursing home insurance policy can make you feel prepared for any issue that may come up.

Minimize Risk

Your residents trust that you will do all that you can to take care of them, but there are some inherent risks associated with running a nursing home. Those who live in your facility are often elderly, ill and sometimes unable to care for themselves. With a nursing home insurance policy, you can minimize your risk and protect yourself and your residents.

Foregoing insurance when you operate an assisted living facility can be a poor choice, especially if you want to stay in business. It is often a better choice to be prepared for any circumstances.

What to Look for in Attorney Liability Insurance Coverage

With so many different insurance policy options and prices to choose from, how do you make sure you find one that is the perfect match for your needs? Before purchasing a policy, it is important to shop around, compare quotes, and determine your unique risks. The right insurance policy should be tailored to your specific concerns and needs as an attorney. Here are a couple of things you should look for in a potential attorney professional liability policy.

Coverage for All Types of Legal Practices

Before purchasing an attorney professional liability policy, make sure it covers your specific type of legal practice. Whether you work in a large legal firm or you work on a consultant basis, you need to make sure that the type of coverage you choose offers specific coverage for your risks. If you are not certain how to ascertain your risks and coverage needs, simply sit down and talk with a knowledgeable insurance agent and they will help you shop for the right policy.

Adequate Protection for Common Allegations

When shopping for an insurance policy, you should make sure that you look for adequate protection for common types of allegations that lawyers face. For example, your chosen policy should cover clerical errors, improper advice, failure to file or respond in a timely manner, drafting errors, and more.

If you take a few moments to identify your most pressing risks, you will have an easier time choosing the right attorney professional liability coverage for your needs.

Types of Car Insurance to Consider

The law requires that everyone who owns and operates a motor vehicle must have auto insurance. However, the different types of insurance offered by your local tri-state insurance company can be confusing if you are unfamiliar with them. Here are some of the common types of auto insurance so you can decide which ones you need.

Liability Insurance

Liability insurance provides coverage in the even that a car accident is your fault, taking care of damages to the other drivers vehicle, as well as any injuries he or she sustained. In most areas, a certain minimum amount of liability coverage is legally required for a driver to be on the road.

Collision Coverage

Collision coverage provides protection for your own vehicle in the event of an accident. A collision policy generally provides coverage up to the amount of the vehicle, so if your car is totaled in a wreck collision coverage pays the value of your car rather than the cost of the repairs.

Injury Protection

Injury protection covers any hospital or medical costs associated with an accident. Both the driver and any passengers are covered by the policy. This is a good type of additional coverage to have, as medical bills related to an accident can quickly add up.

Ask your tri-state insurance company about different types of auto coverage so you can get a better idea of which you should buy.