Latest Updates: commercial insurance RSS

  • Married couple looking into life insurance. Whole or Term?

    My husband and I are both 23 years old and are looking into getting life . What is the most logical choice – Whole or Term? What is the difference and why is one better than the other for a young couple? I work in commercial but that is a totally different field than life and I really don’t understand much about life at all.

     

  • are employers required to inform independent contractors about commercial auto insurance?

    i was just in a major auto collision and now my is trying to deny coverage because they think i was on a delivery for my employer at the time. supposedly all delivery drivers need a special commercial . i didn’t know this. is my employer required to tell me if im an independent contractor?

     

  • Married couple looking into life insurance. Whole or Term?

    My husband and I are both 23 years old and are looking into getting life . What is the most logical choice – Whole or Term? What is the difference and why is one better than the other for a young couple? I work in commercial but that is a totally different field than life and I really don’t understand much about life at all.

     

  • AIG Insurance


    AIG is the leading providers of and other financial products. They have both individual and commercial customers.

    About AIG

    American International Group (AIG) focuses in four major areas, namely, General , Financial Services, and Retirement Services and Asset Management. They operate in more than 130 countries, in U.S they are the most profitable company.. They are considered as the leading providers of and financial services, the largest providers of industrial and commercial in the whole world.

    AIG Products

    AIG provides different kinds of programs and other financial products. However, their main focus is auto and mortgage guaranty operation. They are reputable for their underwriting operation, responsive claim handling and financial strength.

    The following are the list of products offered by AIG, to know about these products or to buy them, you can call their toll free hotline: 1-877-638-4244 or visit their website.

    AIG Auto

    They are best known as the providers of auto . They offer coverage at competitive prices. If you purchase an AIG , on the average you can save $359.00 each year. Their coverage for automobiles are also offered on motor cycles, sports vehicle, ATVs, and classic automobiles.

    AIG

    is important for individuals who have dependents on them. AIG comes in different shapes and sizes. Individual customers can choose from different variety of options like whole , , universal and variable .

    AIG Travel

    AIG Travel Services Inc, Travel Guard International a subsidiary of AIG lead travel business in U.S, with more than six million customers opting for AIG Travel each year. Travel Guard, offers, lost luggage tracking, medical assistance, and coverage for medical costs, delayed travels, and cancellations trips as well.

    AIG Accidents and

    These plans cover you and your family from unexpected bills which may come up due to critical illness, cancer, long term care and disability. They also have supplemental health plans.

    What makes AIG different?

    AIG can boast of customer service who work for 24 hours a day, 7 days a week. Their representatives are well qualified and can answer any questions related to their products or .

    Filling a claim is also easy with AIG . In case your vehicle needs repair, they will let you chose your own mechanic or a shop. And if you want they can refer you to a shop where you will be satisfied with the response.

    AIG means quality . You will be happy with the level of coverage they offer and the amount of money you can save with their program. Don’t forget to get their quote.

     

  • Sheffield Workers Compensation Insurance


    Since 1993 Sheffield workers compensation has been providing workers compensation coverage and risk management services to businesses. The company is based in Alabama and has group plans designed in accordance to Alabama worker’s compensation laws.

    Sheffield workers compensation coverage

    Sheffield Group is an exclusive provider of workers compensation . The company dedicated to serve workers has a web site with user friendly features. Members can conveniently use their online forms to report injury, or pay bills, while potential members can fill the online forms for enrollment. They can also speak directly to the company’s representative over the phone.

    Sheffield also offers variety of training courses on safety for industry workers on their web site, thus helping reduce the number of accidents on workplace. To help employers reduce the cost associated with risk management and prevention of accidents, Sheffield has safety videos on its site which can be downloaded by employers on request

    Coverage Requirements

    Each covered employer must be enrolled in a non-profit organization Sheffield Association of Federated Employers (SAFE). This program educated employers on loss control and maximum safety procedures. The cost of joining this program is $180.00 each year. If any employer fails to pay the dues their workers compensation coverage gets cancelled. Plus, they must also follow any safety measures recommended by SAFE.

    Members must also submit their annual payroll audit. Sheffield ensures that Payroll audits are checked by outside auditors for consistency. are determined after reviewing payroll records from which the exact number of employer’s worker’s compensation is revealed.

    Other coverage option

    According to laws, employers are eligible for four kinds of workers compensation options. Sheffield offers commercial coverage. Sheffield workers compensation is for low-risk industries employers, with fewer records of workers compensation claims. The decision to renew this policy lies with the commercial carrier. If there were too many claims, the company can raise the rates.

    Assigned risk pool

    Employers of medium or high risk industries and with history of many workers compensation claims can opt for the assigned risk pool policy which is provided by the National Council on Compensation . Only those employers who have been refused coverage by at least two commercial carriers and can provide documentation for the same are eligible for the plan. These policies are expensive and the rates may increase every year.

    Group self –

    Though cheaper than other coverage, the funds contributed by members of the fund are not enough to cover the benefits of workers compensation claims.

    Individual Self

    This policy is for Employers who meet financial requirement defined by Alabama state laws, such as a minimum net of $5 million.

    Alabama Worker’s Compensation

    Workers compensation is a legal necessity for every employer in Alabama. Employers are required to get full coverage at reasonable prices. The coverage must include in event of any injury while at job, short-term and long term disability benefits. Further, employers must adopt measures to reduce the cost of claims such as find a company that will help employers engineer safe working environment.

     

  • Sheffield Workers Claim Insurance.


    As per the details given in the website, Sheffield Group provides particularly labor

    Compensation , expertise in dealing with them provides an additional level

    overage including claims issues. Sheffield Group offers different number of functions that are intended to customer conveniene, like online enrollment form and online injury report form with credit payments option. Various safety training programs are also made available by them in order to reduce the risk regarding workplace accidents. This helps the companies reduce the costs related to risk management and accident prevention in the working place.

    Coverage Requirements are as follows. The employer needs to enroll in a program called SAFE which means Sheffield Association of Federated Employees. It is a non-profit organization assisting employers teaching them loss control education and safety engineering. It costs about $180 annually. It must be noted that if the dues go delinquent the coverage can be cancelled. In addition to these safety instructions prescribed by the organization must be followed. Annual payroll audits also need to be submitted. The payroll records are checked by the outside auditors for their authenticity. These records help the company in order to make adjustments to the . SAFE is a commercial .

    In addition to this the employers have other four options as per the compensation law for Alabama workers. It is up to the interest of the commercial carriers whether to renew the coverage of the company or not. It is also possible to increase the amount of if the company had relatively high claims.

    Assigned risk pool is provided by the National Council for Compensation . It is targeted toward the companies which had high claims and a work environment involving medium and high risk. The employers must provide refusal documents of at least two commercial carriers in order to qualify for this . It is obvious that this kind of costs much higher than others due to the high risk involvement. Also there is a chance for raising the rates every year. This has to be taken care of by the employers.

    Group self and individual self are the two other options available for getting . The Group self refers to the idea where a pool of employers come together and combine the workers compensation coverage to form a group self for funding. The members of the group decide whether a member is supposed to continue or not in the group. As earlier the rates have a common characteristic of being increased according to the coverage requirements. This type of is not much effective as the previous ones. It may be insufficient to cover the workers’ benefits sometimes. Individual self- is the option available for financially strong employers. The employers need to register with the Industrial Relations Department of Alabama in order to get themselves registered in this . This contains high cost involvement for the employer as it is needed to pay directly.

    The state laws in Alabama require the employers to take care to the worker’s compensation if a company has more than five employees. So the employers can take advantage of the available compensation options as per their interest and financial ability.

     

  • Is this a good offer to accept for a new insurance sales position?

    We are please to offer you the following position:
    Individual Sales Consultant;
    Your job will consist of the following:
    · Sales of personal including but not limited to
    o Auto-Home-Umbrella-
    o
    o Investments
    o Individual
    · You will be required to quote and process the entire application from start to finish on all new sales.
    · Servicing of the account will be completed by account reps.
    · Develop and market new ways to sell personal products
    o Internet
    o Working with our companies on marketing programs
    o Referral programs with:
    § Car Dealers
    § Realtors
    § Direct Writers
    § Email Advertising
    § Internet quoting
    · You will also be working with producers who focus in other areas of .
    · You will contact existing customers to go over their financial needs including but not limited to and investment planning.

    Compensation:
    1. Base salary of ,000 per year
    2. Bonus after you exceed ,000 in earned commissions based on the following:
    a. 50% first year commission on personal lines . ( auto-home-umbrella etc.)
    b. 50% commission on all you sell on new accounts to the agency or existing house accounts.
    c. You will be splitting commissions with the producers that you give you personal lines leads
    d. 20% referral commission new and renewal for all other lines including
    i.
    ii. Group Benefits
    3. You will receive the standard employee benefit program
    a. Employee . Company picks up about 85% of the cost
    b. 401 K program
    c. Optional dental

     

  • can we carry car insurance in ca from two different companies?

    we live in california ,one of my friend he wants to start courier service as an indepentdent contractor the company he wants to join they need commerical 300,000/300,000/300,000. Can he buy additional coverge of commercial insurance from another insurance company with his regular . Is this legal? can he from two different companies two policies? One for commercial and second regular insurance from another company?
    Thanks

     

  • I want to start my own transport business based in Tx….Can anybody give me some info. on how to do it right?

    I would be starting out using my new diesel p/up and my 25′ 14000# rated dovetail gooseneck. I want to be legal in Tx and the rest of the U.S. as well as obtain the proper coverage. I already have some "inside" contacts w/ an auto manufacturer, some oil/gas companies, boating and RV’s, tractor dealerships and even some contacts in the rodeo/horse trailer business. I just want to do it right and not be one of these guys "rolling the dice" w/other peoples merchandise and lives by running illegal! Any help or advice would be appreciated!!! Thanks!!!

     
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