Difference Between Homeowner’s and Mortgage Insurance
Purchasing your first home can be a complicated and confusing process. One of the many factors to consider is obtaining mortgage and homeowner’s insurance. While these policies may sound like the same thing, they are different from each other. To your lender, they essentially serve as a safeguard if you stop paying the mortgage or…
COVID-19 Has Increased Inland Marine Losses
According to a recent report, the Coronavirus pandemic has impacted inland marine insurance, increasing losses as much as 40 percent over the past year. These changes have created an uncertain climate that’s expected to continue in 2021. What should you know? Effect of the Pandemic on Inland Marine Coverage A type of commercial policy, inland…
MassMutual Providing Free Life Insurance for Healthcare Workers
In response to the COVID-19 pandemic, MassMutual has created the HealthBridge Program, which offers free life insurance to eligible healthcare workers on the frontlines. Through the program, MassMutual will pay the premiums on 3-year term life insurance policies for these workers and their families. The company will issue $25,000 life insurance policies to those 18…
In-Cab Cameras Can Reduce Truck Accidents & Insurance Rates
While some employees may feel that driver-facing in-cab cameras are an invasion of privacy, they have many benefits for trucking companies. In-cab cameras can help to establish accident responsibility, reduce claim time and provide a useful training tool. In turn, these aspects can help lower insurance rates for drivers and their employers. As more commercial…
5 Questions to Ask About Business Succession Planning
Your business is probably your most important and valuable asset. You depend on it for steady income. You also predict that one day you’ll be able to cash out and retire. The key, however, is to plan for that goal as early as possible. By considering these five questions, you’ll be well on your way!…
