Category Archives: Insurance

The Future of Business Insurance

Business Insurance

Business Insurance

Recent economic and social trends have many insurance analysts speculating about what the remainder of 2013 and the years ahead may hold for the insurance industry. Indeed, it is said that the insurance landscape has already significantly changed and will continue to do so into the foreseeable future. What can be seen here are a few interesting trends. For example, certain policies such as commercial office insurance are much easier to find than ever before while the premiums of other types of specialised policies may actually be decreasing. Examples of some of these more “tailor-made” platforms can include:

• cleaning insurance
• photographer insurance
• architects insurance
• retail insurance
• surgery insurance

Why, then is this industry facing such profound changes?

One of the major factors affecting premium prices is the current state of the economy. Larger regions such as the United States and the European Union. Therefore, the underwriting for many of the more common policies such as fleet car insurance, commercial office insurance and motor trade insurance may actually increase. This movement can be counteracted by shopping around, and therefore the business may actualy save money as opposed to paying more.

Additionally, there are more customised policies now than ever before due to the increased specialisation of many industries. Thus, companies can now encounter such coverage as office contents insurance, shop insurance or motor fleet insurance. The benefit here is that the businessman now has the ability to compare and contrast between different policies in hopes of finding the best rate possible.

Another factor that is important to mention is the the number of businesses that purchase policies is decreasing. This is due to both economic conditions as well as the simple fact that many businesses may be unaware of what policy best suits their needs. For example, the owner of a large delivery company may be unaware that motor fleet insurance is an option or that cheap shop insurance quotes can be found online. However, as more businesses become tech-savvy, it is predicted that these policies will achieve greater exposure.

Another important trend is that an increasing number of individuals are now working from home. As homeowners insurance may not cover such operations, it is now advised to look into obtaining an office insurance quote to help protect against any unforeseen circumstances that may arise from a home-based business. Nonetheless, as we have seen, the birth of businesses from home directly correlates with increased access to the internet. This is perhaps the greatest change that the insurance industry has seen.

The internet now provides the public with a very efficient way to search for and obtain policy quotes. There are numerous types of policies that can be found a the click of a button and will include some of the aforementioned sectors as well as some of the more geenralised areas common in numerous industries. Some examples can be:

• Fleet insurance
• Photographers insurance
• Cleaning insurance
• Architects insurance
• Office insurance
• Shop insurance
• Surgery insurance
• Motor trade insurance

The principle here is quite simple; the more policies and providers that are available, the better the chances of receiving a cost-effective quote. This may seem to go against the notion of supply and demand, but the simple fact is that insurance companies have also been stricken by the economic downturn and need to increase their revenue into the future by making their services more attractive.

Thus, with this changing landscape comes the necessity for businesses to adapt and take advantage of the numerous methods to cut the cost of premiums while retaining adequate levels of coverage. Whether one is looking for the best price for commercial office insurance or hoping to find a fleet van insurance policy, finding the most relevant provider can be quick and easy.

Helpful Article:

http://www.sba.gov/content/business-insurance

6 Things to Consider When Buying Critical Illness Insurance

1. Who Is Offering the Cover?

Though many banks and building societies will try and sell you critical illness cover when you take out a new mortgage or change your personal circumstances, such organisations may not be able to offer you the best deal. Don’t feel pressured into making a decision on the spot. Shop around and try to find the policy that provides you with the greatest level of protection at the best price. An independent life insurance broker would be the best person to help you shop around and compare quotes.

critical illness insurance

critical illness insurance

Remember any credible organisation that offers critical illness or any form of protection insurance should be authorised by the Financial Services Authority. So make sure any company you place your trust in has the relevant accreditations.

2. Is It Really Critical Illness Insurance That You Need?

If you are looking for an insurance policy that will pay out a cash lump sum if you develop a serious illness or disability then critical illness insurance is the policy for you. However, if you are looking for cover that will provide a regular monthly income to compensate when you are unable to work then an income protection policy will probably be more appropriate.

3. Do You Require Life Cover?

Traditionally critical illness protection does expire on the death of the policyholder, however there a limited number of products that can include a life cover buy back option. Such policies are traditionally more expensive and difficult to manage and it may therefore be more appropriate to take out a separate life policy which may be able to provide greater cover at a lower cost.

4. Do You Already Have Critical Illness Cover?

It may seem strange not to know if you have critical illness insurance, after all who wouldn’t remember taking out such a policy? But many people are provided with protection by their employer as part of their benefits package and without checking the finer detail of your employment contract this may be something that is overlooked.

Before taking out any insurance policy, check the level of cover that is provided by your employer. Even if the terms do not exactly meet your needs, you may be able to adapt the policy or add on extra benefits which can cost you far less than taking out a whole new policy.

5. Have You Disclosed All Relevant Information?

One of the key reasons that critical illness claims are disputed by the provider is because full medical information was not disclosed during the application process. It is a misconception that hiding a previous illness will reduce the cost of critical illness insurance. It may lower the price of the premiums, but they could all be a complete waste if your insurance company refuses to pay out because something was omitted.

6. Changing Your Mind

If you read this and realise that you have just taken out the wrong type of cover for you, then don’t worry. Most Critical Illness policies come with a cooling off period which enables you to cancel the policy without any financial loss. The timing of such a period can fluctuate but is usually 14 days after signing the contract so make sure you act quickly.

Author Bio: David Richardson is an insurance adviser working for criticalillnessinsurance.org.uk who are a UK based independent insurance broker. Visit their website at http://www.criticalillnessinsurance.org.uk for further information about critical illness insurance and to compare quotes online.

5 Tips on How to Lower Life Insurance Premiums

Life insurance premiums can be very costly and unless you’re actively doing things to bring the price down, they are going to stay that way. Unfortunately, life insurance has a lot to do with your physical health and taking action and making changes to your health is not always easy. However, if you’re determined, it is possible. By following these 5 simple tips, you can lower your life insurance premiums considerably.

life-insurance

life-insurance

  • 1 – Lose weight and eat a healthy diet

While the food you eat might not matter so much to a life insurance company, your weight does. By losing weight, you can qualify for cheaper life insurance premiums. Maintaining a healthy weight is a great way to keep your insurance rates low and by eating the right foods, you will maintain those savings. It’s important to exercise regularly and by doing the things that doctors recommend, your insurance rates will drop and your finances will become more manageable as well.

  • 2 – Quit smoking or don’t pick up the habit

While you may feel like smoking is already phasing out, there are a lot of people that still smoke cigarettes. Cigarette smokers are considered high risk for health problems and that can raise your life insurance premiums. In fact, all types of tobacco products are bad for your health. Chew is just as alarming to a life insurance company as cigarettes are, so steer clear of anything that contains tobacco.

  • 3 – Lower your blood pressure

High blood pressure is a common medical problem and if your life insurance company knows about it, your premiums are going to stay high. Try exercising more and eating better foods. Living an active life and focusing on a healthy diet can do wonders for your blood pressure. Of course, if that doesn’t work, consult with your doctor and find out what types of medications are available. Your life insurance premiums will drop considerably if you can get your blood pressure under control.

life insurance

life insurance

  • 4 – Practice safe driving techniques

Do you have accidents or tickets on your driving record? Did you know that auto fatalities are one of the most common types of deaths? By practicing safe driving techniques, you will show the insurance companies that you aren’t an aggressive driver and you are safe behind the wheel. This is very important today because the population is growing and auto accidents are on the rise. More and more people are hit and killed in auto collisions every single year.

  • 5 – Ask about special deals and shop around

Comparison shopping is essential to getting low life insurance premiums. If you think your current company is charging you too much, why not look around for an alternative? There are dozens of life insurance companies out there and if you do some comparison shopping, you could save yourself a lot of money. Be sure to ask about special deals and promotions when you are contacting them about their services. Often times, insurance companies will have discounts available that are only discussed when you make an effort to ask.

Author Bio: Izzy Mackey works for an online car insurance quote company where they provide information about life insurance needs of construction workers and related insurance articles.

 

How to Save Money Online Getting a Car Insurance Quote

car insurance

car insurance

If you want to save money on car insurance, you can receive a quote from several companies and then compare the data you’ve collected. Most car insurance companies provide an online calculator that allows you to input information about yourself and receive an estimated quote. While these car insurance quotes are not 100% accurate, they provide data that’s fairly realistic to what you will actually pay if you signup. Below, you will learn how you can use these car insurance quotes to your advantage and save a lot of money.

  • 1 – Go to the website of the most popular car insurance companies

Car insurance quotes and rate calculators are almost always accessible on the web. By going to the website of each car insurance company that you want to compare, you can begin to fill out the tedious applications that the quotes require. Some of the biggest companies that you may want to consider include State Farm, All State, Geico, Progressive, Farmers, Liberty Mutual and Esurance. These are the top U.S. companies by market share. They should all provide some type of rate calculator and if you open up each site in a separate tab on your browser, it will be a lot easier to do the applications all at once.

  • 2 – Fill out the car insurance quote application

Filling out the application should be very straightforward. Keep in mind, they may need some information about you such as where you live, what kind of car you drive, and how old you are. This is vital information that helps them determine the rate of your insurance plan. You would be surprised what types of factors can cause your insurance plan to go up. For instance, living in a high populated area, being a young driver, or even driving a sports car are all things that cause insurance plans to cost more. These are factors that place you in a “high risk” category.

  • 3 – Compare the quotes you have received

After you get a car insurance quote, it is essential that you compare it with the quotes you have received from other companies. This is allows you to comparison shop and find a car insurance company that offers a lower price and better service. Remember that the quotes won’t be 100% accurate so if it’s only a few dollars, you shouldn’t necessarily go with the cheaper provider. Be sure to review the terms of the plan and decide on something that makes sense for your vehicle and your finances.

  • 4 – Don’t subscribe to a plan that offers more than you need

If you purchased your car used, it’s possible that you could make do with a liability only insurance plan. This provides coverage for the other driver, in case you cause an accident. However, it does not provide any coverage for your own vehicle. If you’re a safe driver and you’re confident that you won’t be the one causing any accidents, liability coverage may be all you need. It actually makes economic sense for an older vehicle that is deteriorating in value.

Author Bio: Cindy Knott is on the team at CarInsuranceQuote.net where they cover topics related to car insurance including what makes a good car policy and how to get a good car insurance quote.

Tips for Companies to Save Money on Insurance

Insurance costs can really put a hole in your pocket. If you want to save money on insurance, then you need to follow some of these well researched tips. These are tips and tricks that can save you money regardless of what type of insurance you are paying for. With so many different types of insurance plans out there, it’s important to find universal suggestions that you can apply toward any type of insurance.

insurance

insurance

  • 1 – Find an insurance broker

Insurance brokers can save you a lot of money. In fact, most insurance brokers charge absolutely nothing for their services. This is something that is unknown to most people, but insurance brokers get paid by the insurance companies that they refer customers to. This is generally some type of commission. The actually payment the broker receives is dependent on their agreement with the insurance company. Nevertheless, and insurance broker can point you in the right direction for cheaper insurance. They usually have partnerships worked out with enough insurance companies to where they can provide you with a complete comparison of them all. You will get to see what the estimated costs are for every insurance company out there and you can use that data to make an informed decision. At the end of the day, insurance brokers offer a legitimate way to save money on insurance.

  • 2 – Comparison shop on your own

Just because you use an insurance broker doesn’t mean they are providing you completely accurate data. Some insurance brokers have been known to refer customers to higher priced insurance companies in effort to make more money in commission for themselves. To be sure that the comparison data the insurance broker provided you is correct, do some comparison shopping on your own. You can do this by calling up each company and requesting a quote over the phone, or you can go online and use their insurance quote calculator. While you might not get the exact price that you will be paying, the estimate should be fairly accurate. This is a great way to save money on insurance by shopping around and finding a good price on your own.

  • 3 – Raise the deductible

For auto insurance, paying more toward your deductible can lower your monthly prices. A deductible is the amount of money that you have to pay if you get into a collision and need repairs on your vehicle. The insurance company will then pay the amount required that is over the deductible. If you agree to pay more, they will generally lower your monthly rates.

  • 4 – Get the right coverage

Don’t pay for a more expensive insurance plan than you actually need. For car insurance, you may want to stick with liability insurance if you have an older vehicle. For health insurance, make sure you subscribe to a plan that covers emergencies, but you can save a lot of money if you opt to pay for doctor visits out of your own pocket. For instance, a plan where trips to the emergency room or unexpected surgeries will receive coverage, but common colds and routine trips to the doctor do not can save a lot of money if doctor visits are not something that you do regularly. Making sacrifices and going with something realistic to what you will use is a great way to save money on insurance.

  • 5 – Consolidate your insurances

If you subscribe to more than one insurance policy through the same company, you can usually consolidate those plans and get a reduced monthly rate. Insurance companies love when you decide to purchase more than one type of insurance through them. In the end, they will make more money, so they are generally willing to provide you with additional savings as well.

Author Bio: Kenny Parks helps create content for a renters insurance company that provides articles about how to get your renters deposit back and related renters insurance articles.

Student Insurance Tips – protecting your financial interests

student-insurance

student-insurance

Many students are not aware of the fact that nowadays all major universities require all their students to be covered by regular insurance before they start attending classes. By not having a health insurance, you will feel helpless if you go through a major illness or injury when you are in a new environment with many different students of all ages and backgrounds.

More and more colleges are offering student insurance tips before the students start attending classes. Anyone can fall ill if they are spending their maximum time in crowded dorms and large lecture halls. International student insurance provides valuable coverage in case of emergency illness or injury while in the school.

Students who go abroad to continue their studies are protected when they purchase a study abroad program. These packages come with many benefits like emergency treatments, hospital stays, surgeries and other facilities that a student needs when he is pursuing his education in a foreign land.

When you are studying abroad, you never know what can happen to you all of a sudden. A trip can quickly be ruined by an accident, illness or other medical emergency situations. By having a student insurance at a very nominal price, you and your parents will have the peace of mind and won’t have to worry about high medical bills and poor services.

Browse through the internet and you will know about many student insurance tips. Purchasing international student insurance is the right kind of investment for any college student who is studying abroad. There are many plans with lots of benefits and that too at affordable rates. Many can be purchased online using a credit card.

Get good rates on your Auto Insurance

auto-insurance

auto-insurance

Are you looking for a good insurance quote for your vehicle? You need to do a thorough research and find one good and economical insurance coverage. Auto insurance varies from one vehicle to another. If you are looking for a good deal from the insurance company, you should know what the company looks for in a vehicle and in the driver.

If you are looking for an insurance quote for a sports car, it may be two door and contain a huge RPM ability. Its the name and the brand of the car that will give an idea to the agents what it should be insured for. People owning sports car have to pay the insurance premium either at a higher rate or pay the total upfront. The insurance rate for sports vehicle is a lot higher than other vehicles because of the fact that it is more prone to accidents due to its very high driving speed.

Sports car are also very expensive to fix. They come with a lot of racing parts and rims with large tires. When the car has expensive parts and features, it is quite obvious that it will cost a lot of money to fix. So the insurance company will charge higher premiums.

A truck that features all the upgrades may also be high in price. The price of fixing the truck will be a lot higher than fixing a small family car. These trucks may need certain parts to be replaced when front or rear impacts occur.

The insurance company will review the previous history, certain makes and models before setting the insurance premium of the vehicle for the following year. If the parts of the vehicles are frequently replaced in a year due to accidental claims, then the agents will raise the premium amount.

Insurance quote will also vary from a person who is new to driving than the other who has insurance cover for the past five years. New drivers will often meet with accidents in the beginning days. So they have to prove themselves to the companies and provide a clean record before they get lower insurance rates.

When insurance rates are needed, drivers may pick out their vehicle based on the cost of the insurance. The type of the vehicle and the history of the driver will effect the insurance cost. Do a thorough research on the Internet and you will find some companies that have low auto insurance rates for both new drivers and people who have sports cars. It may take some time to find the company of your choice providing great coverage. These companies can either be big brand names or could be small agencies.

The Benefits of Health Insurance

Health Insurance

Health Insurance

One of the most valuable types of insurance you can have is health insurance. There are numerous occasions that may require you to receive medical attention. Without an insurance policy, you may be denied treatment. You may also become financially indebted to the hospital or health care provider that treats you. Even the cheapest insurance policies can protect you from the unexpected misfortunes of everyday life.

Acquiring cheaper health insurance is better than having no coverage at all. Without insurance, your health care expenses are your responsibility. This can quickly add up to thousands of dollars. Whether you need medical care for an illness, a surgical procedure or an emergency, the costs are ultimately greater than what you would pay for a policy premium. The bills can add up and create unexpected and unwelcome debt.

Not only does having a medical insurance policy reduce your financial responsibilities and out-of-pocket costs, it can provide peace of mind. Illnesses, injuries and other health complications often arise out of the blue. Without insurance, you may spend unnecessary time worrying about the what-ifs in life. If you choose the cheapest insurance policy available, you can receive coverage for medicines and emergency treatment.

Without insurance, you may also be less likely to seek medical care or get regular checkups. Many people without insurance coverage don’t get properly screened for medical issues. This can lead to a worsening of certain conditions and diseases. By purchasing one of the cheaper health insurance policies, you can schedule regular visits with a primary care physician. Your doctor will know your medical history and can give you the appropriate preventative care.

Many employers provide health insurance coverage as well as affordable life insurance packages. You can take comfort in knowing adequate protection is available for you and your loved ones. Whether you have a medical condition or not, safeguarding yourself and those close to you can relieve you of unnecessary stress. Combining medical insurance with an all-inclusive, affordable life insurance policy will give you all the security you need.

In many ways, your health determines your quality of life. If you want to remain healthy, you will need to visit a doctor regularly. In addition to receiving routine healthcare maintenance, you may experience unexpected complications. No matter what your needs are, medical expenses can add up quickly. A comprehensive health insurance policy will protect you and prevent any financial upset.

Great insurance sales do not come from a planned mindset sales pitch

insurance

insurance

There are many insurance sales training programs on the market. Insurances salespeople are keen to learn various techniques on how to do better, faster and more efficient sales of insurance products.

The recent ultra competitive sales market has grown so much that it has made tough for the new unconsolidated representatives to easily break into the market. There are lots of competitions not only between representatives in different companies but also within the same company in order to meet their targets.

Establishes sales representatives are able to get more customers through their referrals or experience in the industry. The new sales representatives are struggling to make their quota and even when they cold call, they are not able to make through because of their old outdated sales pitch.

The new representatives come into the industry and they are trained to hit the phones like the top salespeople before them. A majority of the customers are not interested to talk to the insurance agents because they feel happy with the type of insurance they have got and they already have a representative in their contact.

The biggest mistake with the old fashioned insurance sales training is that they use the same pitch that has been used from the age old times. The old sales pitch lacks the prospect to a natural, low pressure conversation that is needed to convert a customer. Many customers get bored when they hear a representative starting the call by saying “Hi Sir, My name is so and so from such and such company…” They lack the prospects to open a conversation. If you can start the call with a certain enthusiasm and in an excited way, half of the battle is won.

Once you open the conversation with a different pitch, a lot of people will feel interested in continuing the call. Compare it with the traditional sales pitch and you will understand why prospects react as abruptly as they do.

Always start your call with a low pressure conversation and trust building, along with gentle guidance triggers for working out exactly where the sale is and how to handle it.