All posts by JAMA Insurance

Important Facts About Your Connecticut Life Insurance Policy

There are key benefits to having an insurance policy in place when you pass, such as covering your last expenses and assisting your family financially when you are gone. There are also a few important facts to keep in mind about your Connecticut life insurance policy.

You Have Choices

You can choose between a term life policy and a permanent life policy. Term life policies tend to be cheaper and offer a fixed rate for the duration of your plan. On the other hand, permanent or whole life policies last a lifetime, as long as your minimum payments are made. These plans do tend to be more expensive, however they also gain equity which allows you to use some of the money from your plan for other expenses while you are living.

Key Things it Should Cover

Your Connecticut life insurance policy should provide enough money to cover your final expenses, as well as some other key expenditures for your family. When deciding the proper amount of your insurance, keep these key things in mind:

  • Funeral costs
  • Pay off expenses (mortgage, car note, etc.)
  • Household expenses for 6 months to 1 year
  • College costs for each child

When you consider your Connecticut life insurance policy, keep these important facts in mind. By doing so, you will ensure that you and your family are fully covered.


Protect Your Business With Employment Practices Liability Insurance

Protect Your Business With Employment Practices Liability Insurance

It is not uncommon for disgruntled workers to file claims against their employers. This is why it is essential for businesses to have employment practices liability insurance. Lawsuits are financially draining, and liability insurance can offer companies the protection they need.

What Does Liability Insurance Cover?

Liability insurance covers a variety of claims, including:

  • Workplace harassment
  • Invasion of privacy
  • Reputation claims, specifically defamation
  • Failure to promote
  • Breach of contract for employment

Employment practices liability insurance policies cover directors and officers, management personnel, and employees as insured. Most policies do not extend coverage to include bodily injury or property damage.

The Terms of a Liability Insurance Policy

Liability insurance policies are usually written on a claims-made basis. Therefore, claims must be reported to an insurance provider while a policy is still in effect. The event that led to the claim must have also occurred during a certain timeframe. Some providers offer retroactive dates and service for earlier claims, and businesses should review the particulars of their policy to see if these options are available to them.

Why Businesses Need Liability Insurance

If businesses do not have employment practices liability insurance, they should secure coverage immediately. It is impossible to know when claims will arise, but companies do not want to be unprepared when they do. Liability insurance can protect their financial assets and cover the settlement and defense costs that accumulate over the course of a lawsuit.


photo credit: Joe Pitz cc

Finding the Best Professional Liability Insurance

Finding the Best Professional Liability Insurance

Directors and Officers insurance is an important consideration for anyone who is truly interested in leading an organization as confidently and safely as possible.

Lead with Confidence

The most confident leaders are those who have a thorough understanding of the risks involved in whatever venture they are undertaking and who know that they have done everything possible to minimize or even eliminate those risks. Properly insured directors and officers are likely to be more confident than others because they know they are protected against certain mistakes or accidents. Directors and Officers insurance can pay for any damages for which an insurance holder has been found liable and it can also cover costs associated with an insurance holder’s defense. A Perfect Pair Partnering with the right insurance agency when purchasing Directors and Officers insurance is one of the most important business decisions a leader can make. It is important for people looking to purchase any kind of professional liability insurance to choose an agent who not only knows the insurance business but who also has a solid understanding of the kind of business being insured. Because insurance agencies have a wide variety of specialties, there is an agency for virtually any kind of business venture. Finding the best professional liability insurance for specific circumstances occasionally requires time, thought, and research. Putting energy into this important decision can however be the difference between bankruptcy and success.


photo credit: SychiO cc

NJ Homeowners Insurance for First-Time Buyers

There is a certain kind of excitement that comes with buying a first house. There can also be a steep learning curve for all the ins and outs of homeownership. Fortunately, it is possible to demystify NJ homeowners insurance quotes with some basic background information.


Homeowners Insurance Coverage Varies


There are a range of insurance packages available on the market today. A homeowners policy may include several types of coverage, such as protection against:


  • Damage to your home
  • Damage to or theft of your belongings
  • Liability, which includes court and legal fees that arise when somebody is injured on your property or a member of your family causes damage to somebody else’s property


For a first-time homeowner, it is a good idea to start with a basic package that offers standard coverage elements. Then it is always possible to make changes down the road as a homeowner acquires additional valuables or takes on additional risks.


Some Basic Terminology


As first-time buyers compare a range of NJ homeowners insurance quotes, there are a few terms they should keep in mind. The premium is the amount the homeowner pays for the insurance policy. Premiums may be due annually, semi-annually, quarterly, or monthly, depending on company policies.


For each type of coverage included in a particularly policy, the insurance company will typically place a cap on the maximum amount the company would pay out for that type of claim. This is called a coverage limit.  Policies that have higher coverage limits usually have higher premiums.


With some basic terminology, first-time homeowners should be well on their way to understanding NJ homeowners insurance quotes and choosing the policy that is right for them.


Finding the Right Type of Professional Liability Insurance

You deal with clients from all sorts of walks of life and business practices every day. Every client is different, and it is vital that you meet the unique insurance needs of every individual. When it comes to professional liability insurance cost, how do you find the right type of policy for your client? You should closely examine your client’s business or practice and customize a policy based on the unique risks he or she faces.


Examining the Business or Practice


Good insurance agents will closely look at their clients’ businesses or practices to see what sort of insurance is necessary. The policy that a lawyer chooses to purchase is likely to be different than that of a doctor or real estate agent. Each professional faces unique risks that a professional in another field may not. While some aspects of a professional liability policy may be applicable in many different professions, each profession will have unique risks that may necessitate policy customization.


Customizing the Policy


Customizing many different policies can be time consuming. When you consult with a broker, you may be better able to quickly meet the needs of your clients. Many brokers are familiar with the risks that certain professions face and what sort of policy construction particular professionals need. This could even save your client money on professional liability insurance cost. Contact a broker for your hard to place clients today.


Many Businesses Do Not Realize They Are At Risk

Service-oriented professionals who are serious about protecting their businesses may have heard about the importance of errors and omissions insurance. They may not however know how important it is to work with an agency that specializes in niche professional liability insurance and knows about the unique exposures they may face.


An Agent For Everyone


Some insurance agents focus on medical malpractice insurance. Other insurance agents know about working with architects and engineers. Still others might be experts on insurance specifically designed for jewelers, hairstylists, or transportation services. Only by keeping abreast of a particular industry can an insurance agent be able to draft a policy that protects a professional in that industry as fully and precisely as possible.


Size Matters


The size of a business will also impact the kind of niche professional liability insurance they should purchase. Insurance agents should be able to tailor their policies to best benefit large, small, or medium size organizations. Always discuss the relationship between a business’s size and the insurance being offered before agreeing to a specific insurance policy. Agreeing to an insurance policy designed for a larger business is an unnecessary expense, while settling for a policy that isn’t comprehensive enough may leave a business vulnerable.


The best way to be certain that a professional liability insurance policy is designed specifically for a company is by working with an insurance agency that has experience partnering with that company’s industry.


Protect Your Business With Suitable Nursing Home Insurance

Running a nursing home can prove quite challenging for a multitude of reasons. From ensuring a safe and secure place of residence for patients to making certain all regulations are dutifully enforced, maintaining daily operations can take a good bit of effort. That’s why selecting suitable nursing home insurance is so important for a facility.

Careful Selection Is Top Priority

In addition to considering nursing home costs, those in charge must also take into account the types of policies necessary to remain adequately covered. These should include:

  • General Liability – These policies can help protect against injuries or property damage incurred by clients while receiving goods or services from a business.


  • Professional Liability – In the event of allegations of wrongdoing or negligence, professional liability can provide protection to a business, usually in the form of financial support for legal proceedings.


  • Workers Compensation – If an employee is injured on the job, a worker’s compensation policy can cover things like medical expenses, as well as any court fees.


  • Automobile Coverage – Many nursing homes retain vehicles intended for patient transport. Auto coverage can be highly beneficial if a company-owned vehicle is involved in an accident while performing work functions.


Coverage Your Business Needs


When seeking information on nursing home costs, businesses must also consider the depth of accessible policies. With the right plan in place, a nursing home can perform vital daily functions for patients with the confidence that protection is available should it be necessary.


Knowing the Terms on Your Auto Insurance Policy

You may be getting a great rate on your auto insurance in CT but are you getting a good value? It is very important to review your auto insurance policy regularly to make sure your deductibles are in order and that you are paying for a good policy, not just paying for a cheap policy. Here are some terms you need to know to help you read your policy easier.

Bodily Injury Liability

Bodily injury liability is coverage that will pay for any injury or wrongful death claims made against you if you are at fault for killing or injuring someone with your vehicle.

Property Damage Liability

If your car damages a person’s property, property damage liability will cover the cost to repair or replace the property. This coverage is required in most states.

Uninsured or Underinsured Motorist

If you or someone in your car is hit by a hit and run driver, or an uninsured or underinsured driver, this coverage will cover the cost of your injuries. Although relatively few states actually require this type of insurance coverage legally, it is important that you have this insurance as nearly 30 percent of the drivers in the U.S. are uninsured.

Comprehensive and Collision

Collision coverage is going to cover any damage to your vehicle up to your car’s total value. Comprehensive will cover any physical damage to your car from anything that is not related to an accident, so if your car is damaged in a natural disaster, or during a theft or vandalism.

See a Professional

Knowing the terms that are seen on your insurance policy is important for getting the best value on your auto insurance in CT. If you are concerned about deductibles or are wondering if you are sufficiently covered, see an insurance professional.


Two Benefits of Educators Legal Liability Insurance

When it comes to education, one can never be too careful with protection for the institution, the director, and the students. There are various types of insurance coverage that a private or charter school can purchase to provide that protection. Educators legal liability insurance is just one type of insurance that benefits a variety of people in a variety of ways.


One of the main benefits of educators legal liability (ELL) is that is protects the institution as a whole. If a disgruntled student or parent chooses to press charges for something that happened in your school, they may feel that going after the entire institution will be the best route to take. Without ELL, your school could be left unprotected and vulnerable to the lawsuit. The insurance coverage ensures that your other students will not suffer because of a lack of funding after a legal battle.


Another benefit of ELL is that directors and officers are covered by it, but your institution has the option to add employees, volunteers, and interns to that protection. If you foresee a need for this to happen, it is a possibility that you can speak to your insurance provider about. In some cases, even students can be added to the policy.


To learn more about educators legal liability insurance, it is best to speak with a professional. Whether you plan to purchase a better insurance policy for an existing school, or are opening up a new charter school, make sure you have proper protection for everyone.


Recognizing the Value of Ecommerce Business Insurance

The world of online business transactions is complex, easy, and virtually invisible. Because people cannot actually see transactions taking place, it can be difficult to imagine risks. In fact, a common misconception about buying and selling over the internet is that risks aren’t as prevalent, but any ecommerce organization is subject to risks just like any brick-and-mortar company.


Protection against potential claims stemming from a variety of circumstances is best managed by the decision to get ecommerce business insurance. Such a policy is designed to work in conjunction with the unique challenges online companies face.


Benefits of Ecommerce Coverage


Because it can be difficult to identify risks, it may be hard to understand why investing in a policy is so worth your time. However, there is an extensive list of benefits associated with maintaining the right kind of coverage. These include:

  • Financial support
  • Saved resources (time and money)
  • Protection for company assets including content, copyrights, and product information
  • Peace of mind and confidence in your company’s protection
  • Support through unforeseen circumstances
  • Leverage against risks


In short, obtaining the right coverage is essential to operating an enterprise that is best protected against the potential risks you face every day. Utilizing the services of a reliable provider, you can have access to ecommerce business insurance that is suited to your company’s individual needs. With a policy in place, you can continue to operate with the peace of mind you desire.