Insurance Blog
Please read our blog about a wide variety of insurance topics. Please feel free to ask us any questions.
How to Roll Over Your 401(k)
Posted: March 13, 2021
How to Roll Over Your 401(k)If you leave your job for reasons other than retirement, you have four options on what to do with your 401(k). You can: Leave it with your former employer Consolidate it into your new employer’s 401(k) plan Cash it out Roll it over into an IRA or Roth IRA. Rolling Over a 401(k) to an IRA IRAs offer more investment options than 401(k)s. IRA fees...
Avoiding Workers’ Comp Fraud
Posted: March 4, 2021
Avoiding Workers’ Comp FraudWorkers’ compensation fraud can be expensive for employers. One of the most common types of workers’ comp fraud is employee fraud. This involves workers who seek to receive benefits under false pretenses. How Do Employees Commit Workers’ Comp Fraud? Employees have been known to commit several types of fraud to obtain workers’ compensation, including: Off-the-job injury: An employee is injured on his own time, but...
Do I Need Different Insurance for a Vacation Home?
Posted: March 1, 2021
Do I Need Different Insurance for a Vacation Home?If you have the good fortune to own a vacation home, it is important to protect your investment. You may need a separate insurance policy to cover your second home. Vacation home insurance can help protect that property against a range of perils. Why Do I Need Separate Insurance for a Second Home? For a second home you don’t live in full time, you will...
Am I Required to Provide My Employees with Short-Term or Long-Term Disability?
Posted: February 28, 2021
Am I Required to Provide My Employees with Short-Term or Long-Term Disability?Short-term disability insurance provides some income replacement when a non-work-related illness or injury leaves an employee unable to work for a limited time period. Long-term disability insurance serves the same purpose, only for longer periods of time, ranging from two years to retirement age, depending on the policy. No law requires employers to offer long-term disability insurance to employees. However, five states and Puerto Rico...
Do I Really Need Cyber Liability Insurance?
Posted: February 19, 2021
Do I Really Need Cyber Liability Insurance?Cybercrime has become a common occurrence. A data breach can have a tremendous impact on the health and finances of a business. If your company’s data was stolen in a cyber incursion, it can damage its reputation, expose it to liability, and interrupt business operations. Cyber liability insurance allows you to transfer some of that risk to an insurance company. What Are the Cyber Risks...
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