Author: admin
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General Liability Exposures Every Organization Should Know
Almost every organization faces commercial liability exposures. A commercial liability loss exposure is a condition or situation that presents the possibility of an organization becoming legally and financially responsible for injury, harm or damage to another party.
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Life Insurance Medical Exams: What You Need to Know
When applying for life insurance, you will probably have to undergo a medical exam to identify any health conditions that could potentially shorten your life and subsequently determine your premium. These exams are completed by paramedical health care professionals who are hired by the insurance company—with all exam costs covered by the insurance company as…
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Understanding Section 125 Plans (Cafeteria Plans)
Many employers struggle with the challenge of providing an attractive compensation package at an affordable price. One tool available to meet this challenge is the Section 125 plan. Section 125 plans are also commonly referred to as cafeteria plans. While there are different types of Section 125 plans, each provides the opportunity to save money…
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FEMA Flood No Longer Required for FHA Loan Products
Starting December 21, 2022, mortgagors can purchase private flood insurance on FHA-insured mortgages for properties located in Special Flood Hazard Areas (SFHAs).
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Pros & Cons of Return-of-Premium Life Insurance
Life insurance is a valuable component of a benefits strategy, as it has been shown to be held in high value by employees. According to the U.S. Bureau of Labor Statistics, of the 58% of private industry workers who are offered life insurance benefits by their employers, 97% choose to enroll.
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The Benefits of Fiduciary Liability Insurance
If your company has representatives involved in managing pensions, savings, profit-sharing, employee benefits and welfare plans, that makes them liable if they breach their fiduciary duties. As a business owner, if this responsibility belongs to you, or someone else in your organization, it is imperative that you understand the responsibilities to avoid potential liability and…