How often is term insurance paid out?
This long-term amount can be paid on a monthly, quarterly, or annual basis. Life Income with Period Certain – One of the big disadvantages of a straight l...
What kind of loss is loss of employment due to injury?
Workers’ compensation replaces income that is lost because of a job-related injury or illness. Disability insurance covers income lost due to injuries and...
What is the Georgia Automobile Insurance Plan?
The Georgia Automobile Insurance Plan was created to provide automobile insurance coverage to eligible risks who seek coverage and are unable to obtain su...
Can I drive my race car on the road?
Here’s the bottomline: you can’t legally drive your race car on the highway. You just can’t and you shouldn’t. The risk of getting a ticket and some penal...
How do you explain commercial insurance?
Commercial business insurance is coverage for businesses and corporations, generally designed to cover the business, its employees and ownership. Since th...
What is a retrocession in insurance?
Retrocession — a transaction in which a reinsurer transfers risks it has reinsured to another reinsurer. What is risk in reinsurance? Definition: Reinsura...
Can an employer drug test after an accident?
Post-accident drug and alcohol testing should only be done when the employee’s actions or lack of actions have contributed to the cause of the incident. I...
What is a Schedule A in insurance?
Schedule A includes premium amounts and agent commission details for insured plans and does not apply to self-funded plans such as a Health Care FSA or HR...
How do you reduce insurance premiums?
Listed below are other things you can do to lower your insurance costs. Shop around. Before you buy a car, compare insurance costs. Ask for higher deducti...
Do umbrella policies have a deductible?
An umbrella policy picks up where your auto and homeowners insurance policies leave off. It has a high deductible because the deductible is designed to be...
