Blog Archives

How An Insurance Company Makes Money

I worked in the insurance industry for 16 years and saw first hand how profitable an insurance company can be. I will not attempt to go into the nitty gritty details but I will give you a pretty good idea in the form of an overview, how profitable a venture an insurance company can be. Insurance is a form of risk management. It is purchased to avoid the possibility of a large , potential future loss. To compensate the insurance company for taking on this potential future payout, the insured ...
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Moneynet blasts high street travel agents for exorbitant

Moneynet blasts high street travel agents for exorbitant insurance premiums * Holidaymakers taken for a ride with 'extortionate' high street travel insurance premiums * Single trip premiums not regulated by FSA ' consumers vulnerable * Buying online cheap, convenient and transparent Holidaymakers are today advised to avoid buying costly insurance from high street travel agents. Online financial comparison site www.moneynet.co.uk shows in its latest figures that major high street players like ...
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Ten Tips for Replacing Health Coverage

Changing health insurance is a ritual part of changing jobs, graduating from school or starting your own business. Fortunately it is now a lot easier and less expensive than in the past. Medsave.com is the nation's largest online benefits enrollment service that offers this type of fast, affordable and reliable coverage nationally with policies issued within one business day. These tips will help you find the best value: 1. Do not try to your change insurance plan if you have a serious medical ...
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Insurance is Essential to the Success of a Business

When times are tough, many business owners believe that no expense is too sacred to be spared from the cost-cutting axe. The cost-containment craze of the 21st Century promises to be more than a passing fancy -- it will remain a key to survival in an increasingly competitive global market. Still, business owners, particularly of small and medium sized businesses, should take great pains to ensure that their insurance programs are not compromised. A business owner's need for adequate insurance ...
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Understanding COBRA Health Coverage

As more people face job cuts in this slowing economy, the issue of COBRA medical insurance becomes more important. This is a very brief review of a few of the most important points if you are suddenly faced with the need to pay for your own medical coverage. The acronym 'COBRA' was brought about by a tax law change that required employers with more than 25 employees to offer temporary health insurance in the event of lay-offs and other circumstances that interrupt coverage under employee ...
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Protect Your Cleaning Business With the Proper Insurance

Too many companies don't think about their insurance policies and what they cover until after something happens -- and unless you have prepared ahead of time, that something might not be covered in your policy. The following are just a few of the things that can occur: lost keys, chemical spills, employee theft, damaged equipment and broken items. The proper insurance coverage can play an important part in keeping your risks to a minimum. The basic business insurance normally includes general ...
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Should you get a travel reward or cash back credit card for free

Travel or Cash Back Credit Cards? If you want to use a reward credit card for getting free airline tickets, you have a choice of choosing a dedicated airline credit card, a travel reward credit card or a cash back credit card. A dedicated airline credit credit card has hefty annual fees and may not be worth it if you are not a very frequent traveller or spend enough on your credit card. So should you get a no annual fee travel reward or cash back credit card to earn your free airline ...
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Using Consumer Reports' Health Plan Ratings

It has always been difficult for consumers who purchase health insurance to find meaningful data on the quality of the available plans. It has been even more difficult, I think, for a health insurance buyer to translate the published data into conclusions relevant to their own purchasing situation since most individual and small business purchasers have different concerns than the majority of employees of larger corporations. Much of the available data just is not relevant to individuals and ...
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Deducting your combined biz/vacation travel

Time with family is precious. That's why more and more business travelers are adding on vacation to their trips and inviting family to join them. Sometimes it's easy to mix business and pleasure - especially with the trend toward booking business conferences at resort areas like Orlando or Las Vegas. With a little advance planning, you can get Uncle Sam to foot part of the bill - legally. The Internal Revenue Service lets you deduct 100 percent of your transportation costs for travel within ...
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Cutting Health Insurance Costs

Surveys of self-employed individuals consistently show that one of their major concerns is the ability to buy affordable health insurance. One in 4 self-employed persons has no health insurance today even tough more than 70% of these people could afford to buy high quality health insurance if they had an effective buying strategy. 1. Have a budget and set realistic expectations. Realize that the purpose of insurance is to cover unexpected and otherwise unmanageable expenses. Most good plans ...
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