No matter the nature of your business, you must take measures to safeguard against potential risks and liabilities, which could include lawsuits. A comprehensive business insurance package will often include general liability coverage, which protects against a wide range of…
Business owners are exposed to various risks that could have significant financial consequences if they are not adequately protected. Proper business insurance can help mitigate these risks and protect business owners from unexpected expenses. Insurance coverage should include protection against…
In short, yes. Having a flood insurance policy is imperative! Flooding is the most common natural disaster in the United States, and Michigan is no exception. In fact, the Federal Emergency Management Agency (FEMA) estimates that there is a 26%…
What is Medical Loss Ratio? Medical Loss Ratio (MLR) is the percentage of premiums an insurance company spends on member care, claims, and administrative expenses that improve healthcare quality. What is the Medical Loss Rebate? The Patient Protection and Affordable…
Starting on January 15, 2022, most people with a health plan can purchase an at-home COVID-19 diagnostic test authorized by the U.S. Food and Drug Administration (FDA) at no charge. In addition, depending on your health plan, the test may…
The annual Medicare Part D disclosure notices have a deadline of October 15, 2022. Annual Medicare Part D Notices Medicare Part D imposes disclosure requirements on employers with group health plans that provide prescription drug coverage to Medicare-eligible individuals. Plan…
Cybercriminals create new advanced social engineering tactics and target small and medium-sized businesses. For example, the FBI estimates that cybercriminals stole more than $28 billion through email fraud from 2016-2020, with an average loss per incident of more than $150,000. Social engineering fraud involves…
As a homeowner, it’s important to have a solid understanding of your home insurance policy. One aspect that can be particularly confusing is the difference between insurance-to-value replacement cost and market value. In this article, we’ll define these terms and…
When your homeowner’s insurance policy renews, there are a few factors to keep in mind about the replacement cost of your home. First, you may see an increase in your replacement cost from your carrier this year. So, we are…
Most of us are aware that we should not openly share our passwords with anyone and should avoid reusing the same password for multiple accounts. There are also precautions like having a strong password, using an email address as your…