Insurance Blog
Please read our blog about a wide variety of insurance topics. Please feel free to ask us any questions.
How Should I Budget for Business Insurance?
Posted: September 4, 2022
How Should I Budget for Business Insurance?Your business insurance should cover every possible risk for your operation. It may surprise you that as a basic calculation, the entire range of business insurances, including commercial liability, commercial property insurance, health insurance for employees, workers’ compensation, and other insurances should be budgeted at about 20 to 30 percent of expected gross sales. Smaller businesses can expect to budget far less. Every industry, and...
Latino History Month
Posted: September 1, 2022
Latino History MonthLatino History Month, or officially, “National Hispanic Heritage Month,” runs from September 15 to October 15 each year. During the month, we celebrate the history and many contributions to the American life experience, and the beauty these cultures. Among our population, millions of people have a family background from Spain, Mexico, the Caribbean, or South America. Each of these cultures is unique, and each deserves...
How HRAs Offset Premiums & Deductibles For Group Plans
Posted: August 28, 2022
How HRAs Offset Premiums & Deductibles For Group PlansA health reimbursement arrangement (HRA) can offset premiums and deductibles in a group health insurance plan. These savings are realized when a high-deductible health plan (HDHP) is combined with a Deductible-Gap HRA. Employers can benefit by saving money and reducing overhead with a high deductible, while the effect on employees is offset by the HRA. What Is An HRA? An HRA is an employer-funded account...
How Small Businesses Can Avoid Insurance Mistakes
Posted: August 19, 2022
How Small Businesses Can Avoid Insurance MistakesIt takes hard work, dedication, creativity, and tenacity to get a small business up and running successfully, so it makes sense to have the right insurance coverage in place to protect it. In fact, purchasing business insurance may be one of the most important decisions you make. The right coverage can help prevent unforeseen events from ruining all you have worked so hard to build....
What All Can You Use An HSA For?
Posted: August 16, 2022
What All Can You Use An HSA For?Health savings accounts (HSAs) have become extremely popular in the past decade. According to key findings of a Devenir Research study, HSA accounts exceeded 25 million in a recent year, holding $53.8 billion in assets. HSAs are popular with employees enrolled in Qualified High Deductible Health Plans (HDHPs) because they allow them to pay for out-of-pocket healthcare expenses for themselves and their families with tax-free...
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