In a competitive world, insurance companies need to look for advantages in all areas of business. New and innovative software systems can provide opportunities and solutions that improve on outdated insurance legacy systems. Legacy IT systems can impede the forward momentum of an insurance carrier in several ways: A bloated IT budget for maintenance A series of lost opportunities in the marketplace A high cost for design and the implementation of add-ons A decrease in customer satisfaction Customers and employees expect a digital experience that incorporates the latest advances in IT.  A system that lacks responsiveness in real-time could alienate customers and result in lower productivity of workers. Reduced Security…

Running your own garage or service center can be a dream come true. You get the pride of owning your business while doing work you love and making people’s lives better. You also get a lot of liability. Vehicles are high-value items, so repairing them comes with some risks. That’s why you need garage liability insurance. How Coverage Helps You In a garage, there are a lot of things that could go wrong. Every day you will have cars and trucks up on lifts, with workers below. That creates a lot of risk for your staff. Your employees are also working with combustible and sometimes hazardous materials. You also need…

A yacht is a sailing vehicle that many people enjoy for recreational purposes such as cruising or even racing. Typically, yachts have a cabin and features that permit overnight use on the water. While many yacht owners participate in peer-to-peer yacht sharing, there are some important factors involving liability concerns that every yacht owner should remember.  Peer to Peer Yacht Sharing Individuals participate in yacht sharing as it is a cheaper alternative to yacht ownership or membership. The process permits prospective renters to easily find yacht owners willing to rent out their boats.  For non-yacht owners, yacht sharing is attractive as it permits them to enjoy a yacht without the responsibility…

Single premium whole life insurance requires only one payment to be made. This is an attractive option for those who want the stability and security of a whole life policy but don’t want to make ongoing premium payments. Here are some other advantages.  Guaranteed Death Benefit A single premium whole life insurance policy guarantees the death benefit as the policy remains in force. This means that you can be confident your beneficiaries will receive the death benefit payout specified in the policy, regardless of how long you live. Additionally, the cash value of the policy will grow at a fixed rate, providing you with a source of financial security in…

Working as a public official can often be quite demanding. If you are someone who serves in such a capacity, you absolutely need to take time to think about how you are protecting yourself from the many exposures of your industry. The liabilities of your career path are very different than those found across other fields, so you need to think long and hard about how you can stay shielded with the right insurance plans. Review these points and gain a bit more insight into what your options might be.  What Is Public Official Liability?  When you take a look at public officials liability, there are a few main points…

For thousands of years, dogs have walked beside the human race in some capacity. Though the domestication of dogs has been a complicated journey, the end result is that most modern people view these animals as loving and loyal pets. If you have a dog in your household, you absolutely need to think about how this can introduce you to some serious risks. Review these points and learn how you can best protect your pup and yourself from the unknown.  The Risks of Owning a Dog Though dogs can bring a lot of joy into your life, these animals can also bring about just as many risks. One of the…

Come spring and summer, marinas are exciting, dynamic, vibrant places. Whether for recreation, sports, commerce, or other needs, the marina is busy with life and ships traveling around. But with the excitement of the season comes the need to take certain precautions. After all, it is vital to practice warm weather safety for marinas, to ensure that your staff, clients, and business are not exposed to any unnecessary hazards. What’s the Best Way To Be Safe at the Marina? Depending on the size and scope of a given operation, warm weather safety for marinas might mean different things to different people. But in general, certain precautions can help keep everyone…