Insurance represents one of the most intelligent investments businesses make when trying to expand potential and reduce the many financial risks that are developed from this entrepreneurial pursuit. The utilization of public liability insurance can represents one of the greatest resources of this protection when your company regularly interacts with a large quantity of consumers or features a physical store. To determine all the benefits that can be accessed from this liability insurance protection, identify advantages such as business protection, financial security, customer protection, and a lifeline of safety.
Business Projection
The first area of opportunity that is created with a company's investment into public liability insurance can be found with the solutions of business protection. Most small businesses are developed as a result of a significant financial investment made on the part of an owner or business managers. When an incident occurs within your property that can result in financial responsibility, your company can easily be overwhelmed by legal demands and expenses that shut down your business and result in you losing your financial savings. Utilization of insurance can serve as a crucial resource to countering this potential loss.
Financial Security
As previously identified, small businesses are able to operate because of the investment individuals make into their potential. While there is always a risk that exists with your business failing, a person would rather take the risk of business failure then find failure as a result of consumer injury or property damage. Financial security in this regard can be secured through the resources of public liability insurance since your insurance will cover any consumer injury, property damage, or property loss based on your specific protection policy.
Customer Protection
Many businesses identify different ways they can protect their consumers to avoid unfortunate accidents. Barriers are placed in areas that consumers are not permitted to enter and employees spend a significant amount time making sure products are properly stocked in order to avoid the need for creative shopping. Even with all the resources of protection your business takes advantage of, injuries and damage can occur on a regular basis, enforcing the importance related to public liability insurance.
A Lifeline of Safety
The final advantage that your business will be able to utilize is found with how public liability insurance represents a line of safety. The solutions of insurance assist in managing legal fees so your business can be continuously protected regardless of the scrutiny which may be developed from an overly enthusiastic individual seeking financial gain.
Every advantage which has been previously identified only covers a few of the opportunities that are available to business when seeking the safety and security that is provided with public liability insurance.
Each of these advantages displays how companies can benefit from the resources available to them with a public liability insurance online quote. To discover one of the best Internet-based resources your business can access when trying to identify the best company to supply quotes as well as coverage, seek the potential that has been developed through http://www.publicliabilityinsuranceonlinequote.com.au/.
http://EzineArticles.com/6480022
Tuesday, December 20, 2011
Sunday, December 18, 2011
Are You Penny-Wise, Pound-Foolish When It Comes to Deciding on Medicare Supplement Insurance?
How not purchasing a Medigap Plan can can be a penny-wise, pound-foolish decision.
What does this expression from three centuries ago mean?
Does it still relate to modern life?
How can you apply it when considering your Medicare Supplement Insurance options?
The definition of penny-wise is: unwise thrift.
The whole proverb is: Penny wise-and pound foolish, like the man who lost his horse from his penny wisdom in saving the expense of shoeing it a fresh when one of its shoes was loose.
Source: Dictionary of Phrase and Fable, E. Cobham Brewer, 1894
There is no doubt about it. Times are tough right now.Really tough and looking like they're going to get even tougher. Times are especially tough if you are over 65 and living on a fixed income.
If part of your income is dependent on interest from investments, you may be living on reduced income due to low interest rates.
If you depend on Social Security for all or part of your income, the lack of COLA increases for two years in a row reads like loss of income.
Rises in costs for must have items like food, fuel, utilities and insurance don't stop or slow because you didn't get a raise in your SS this year.
These are harsh realities. When you are facing reduced income and rising prices the natural and proper impulse is to cut back on non-essentials.
We try to trim spending where we can.
A dangerous trend is emerging. The tendency to view Medicare Supplement Insurance as a non-essential expense.
The cost of Medical care increases 6%-10% per year and that train is NOT slowing down. Just imagine 20% of all outpatient medical costs for even a common procedure like a knee replacement. The average total cost for a total knee is 45K-70K. Part A will cover your room and board for a semi-private room after a $1132 deductible.
Your surgery fees,doctor visits, cane, walker, commode, therapy visits and more are all subject to the 80/20 co-insurance under Medicare Part B.
Let's crunch some numbers.
The average cost for day of room, board and care in a hospital is $4,350.The average hospital stay for the surgery is 3-5 days. Let's use 4 days for our figures. $4,350X 4 days is $17,400. That is your Part A expenses. Medicare will cover all of it after you pay an $1132 deductible.We will subtract the $1132 from the $17,400 to give us a total of $16,268 that is covered by Medicare Part A.
Let's say you shop well and you find yourself on the mid range cost wise for the surgery. Let's use $55,000. If we subtract the $16,268 that Medicare Part A covered from the total cost of $55,000 we are left with $38,472 in Part A deductible and Part B expenses and at least 20% of that will be yours. If you consider that you will pay the deductibles right off the bat $1132+$162=$1294 you are left exposed for 20% of $37,178 or $7435.60. Almost $7500 in bills that are yours and yours alone.
The cost of a quality Medigap plan that will cover the Medicare deductibles and co-insurance can cost as little as $100 per month.
When you really take a hard look at your potential exposure for a common procedure you may find yourself wondering,"Am I being penny-wise, pound foolish when it comes to Medicare Supplement Insurance? Can I afford to be?"
Stephanie Coutavas is an Insurance Professional specializing in Senior Insurance Solutions and Medicare Insurance. Co- founder and Senior Broker at MedicareQuote4U.com Stephanie decided to specialize in Medicare because, "I saw the effects of the confusion and misinformation in the senior market. I really feel that with the proper,correct information, presented in an understandable way that our Seniors can position themselves for the future and achieve the peace of mind and security that they deserve at this exciting stage of life. We strive one client at a time to make sure that we address the individual and that they are better for having met us, regardless of whether they choose us as their broker."
Whether you are receiving Medicare Benefits before age 65, helping a parent or loved one or just not sure if there might be a better value for your health care $$$, we can help. Call us at 1-888-347-5552 to speak with a licensed Medicare Supplement Specialist or visit us at http://www.medicarequote4u.com/. We are your Medicare Supplement experts and we are standing by to help.
http://EzineArticles.com/6498145
What does this expression from three centuries ago mean?
Does it still relate to modern life?
How can you apply it when considering your Medicare Supplement Insurance options?
The definition of penny-wise is: unwise thrift.
The whole proverb is: Penny wise-and pound foolish, like the man who lost his horse from his penny wisdom in saving the expense of shoeing it a fresh when one of its shoes was loose.
Source: Dictionary of Phrase and Fable, E. Cobham Brewer, 1894
There is no doubt about it. Times are tough right now.Really tough and looking like they're going to get even tougher. Times are especially tough if you are over 65 and living on a fixed income.
If part of your income is dependent on interest from investments, you may be living on reduced income due to low interest rates.
If you depend on Social Security for all or part of your income, the lack of COLA increases for two years in a row reads like loss of income.
Rises in costs for must have items like food, fuel, utilities and insurance don't stop or slow because you didn't get a raise in your SS this year.
These are harsh realities. When you are facing reduced income and rising prices the natural and proper impulse is to cut back on non-essentials.
We try to trim spending where we can.
A dangerous trend is emerging. The tendency to view Medicare Supplement Insurance as a non-essential expense.
The cost of Medical care increases 6%-10% per year and that train is NOT slowing down. Just imagine 20% of all outpatient medical costs for even a common procedure like a knee replacement. The average total cost for a total knee is 45K-70K. Part A will cover your room and board for a semi-private room after a $1132 deductible.
Your surgery fees,doctor visits, cane, walker, commode, therapy visits and more are all subject to the 80/20 co-insurance under Medicare Part B.
Let's crunch some numbers.
The average cost for day of room, board and care in a hospital is $4,350.The average hospital stay for the surgery is 3-5 days. Let's use 4 days for our figures. $4,350X 4 days is $17,400. That is your Part A expenses. Medicare will cover all of it after you pay an $1132 deductible.We will subtract the $1132 from the $17,400 to give us a total of $16,268 that is covered by Medicare Part A.
Let's say you shop well and you find yourself on the mid range cost wise for the surgery. Let's use $55,000. If we subtract the $16,268 that Medicare Part A covered from the total cost of $55,000 we are left with $38,472 in Part A deductible and Part B expenses and at least 20% of that will be yours. If you consider that you will pay the deductibles right off the bat $1132+$162=$1294 you are left exposed for 20% of $37,178 or $7435.60. Almost $7500 in bills that are yours and yours alone.
The cost of a quality Medigap plan that will cover the Medicare deductibles and co-insurance can cost as little as $100 per month.
When you really take a hard look at your potential exposure for a common procedure you may find yourself wondering,"Am I being penny-wise, pound foolish when it comes to Medicare Supplement Insurance? Can I afford to be?"
Stephanie Coutavas is an Insurance Professional specializing in Senior Insurance Solutions and Medicare Insurance. Co- founder and Senior Broker at MedicareQuote4U.com Stephanie decided to specialize in Medicare because, "I saw the effects of the confusion and misinformation in the senior market. I really feel that with the proper,correct information, presented in an understandable way that our Seniors can position themselves for the future and achieve the peace of mind and security that they deserve at this exciting stage of life. We strive one client at a time to make sure that we address the individual and that they are better for having met us, regardless of whether they choose us as their broker."
Whether you are receiving Medicare Benefits before age 65, helping a parent or loved one or just not sure if there might be a better value for your health care $$$, we can help. Call us at 1-888-347-5552 to speak with a licensed Medicare Supplement Specialist or visit us at http://www.medicarequote4u.com/. We are your Medicare Supplement experts and we are standing by to help.
http://EzineArticles.com/6498145
Friday, December 16, 2011
Medigap - Benefits of Using an Independent Agency
As the Baby-Boomers turn 65 and start utilizing their Medicare benefits, many will have both the desire and the financial means to purchase some sort of additional insurance to fill in the gaps that Medicare leaves for the consumer to pay. This is where an independent agency is an extremely useful resource.
When people think about buying Medicare supplement insurance often the first thing that comes to mind are the big names: Aetna, Blue Cross, Gerber, Mutual of Omaha, Sterling, etc. Some will spend hours calling or combing the internet trying to ring out the best deal for themselves. While this self-reliance and can-do attitude is noble, what if there is a very simple and easy way to ensure you get the lowest priced Medigap plan? This is where an independent agent comes in!
There are two types of insurance agents that you will meet when you wander through the woods of insurance shopping. The first and most prevalent is the captive agent. A captive agent is an agent that works for a particular insurance company and only sells insurance for that company. The reason they are so prevalent is because when an insurance agent starts off selling insurance they make very little money. Most agents cannot afford the cost of starting a small business, then going without a paycheck for many months. This means they have to sign with a big company that will sponsor them. The other type of insurance agent is an independent agent. This is an agent that is licensed in any particular state to sell insurance and can sell insurance from any company with which they have a contract. Most are contracted with several companies.
The benefit of using an independent agent is that they can compare the costs of all the insurance companies in your area and find you the lowest price. Also, your Medigap policy will not cost you any more if you use an independent agent. Many agents will even pay the mailing costs to process your application. Then in the future when your premiums rise, the independent agent can compare prices again to see if there is a better priced supplement plan for you.
Word of caution! Many seniors will go on the internet and start making quote requests on various web sites. This leads to them being bombarded with agents emailing them and calling them at all times of the day. It doesn't even matter if you are on a do not call list because you are granting permission to be called when you fill out the form. The reason for this happening is many of the internet sites that come up are there simply to collect people's information and then sell it to multiple agents and insurance companies. All Medicare Supplement plans are federally and state regulated, so there is no need to go through this hassle. The ABC plan of one company has the same exact coverage as the ABC plan of another. Also you cannot buy the plan of one company cheaper from one agent than you can another agent. The playing field is level.
So, save yourself a lot of hassle and time and find an independent agent from which to request your insurance quotes. To learn more about more about Medicare and Medicare supplement insurance from a licensed independent agency, visit us today at http://centaurmedicaresolutions.com/
Joel Moyer is an owner and independent agent for Centaur Medicare Solutions. Prior to being licensed as an insurance agent, Joel served in the US Army for over twenty years. His service included many places around the United States and countries including Iraq, Saudi Arabia, Egypt, and South Korea. A more extensive bio is available by clicking his picture on our website.
http://EzineArticles.com/6471822
When people think about buying Medicare supplement insurance often the first thing that comes to mind are the big names: Aetna, Blue Cross, Gerber, Mutual of Omaha, Sterling, etc. Some will spend hours calling or combing the internet trying to ring out the best deal for themselves. While this self-reliance and can-do attitude is noble, what if there is a very simple and easy way to ensure you get the lowest priced Medigap plan? This is where an independent agent comes in!
There are two types of insurance agents that you will meet when you wander through the woods of insurance shopping. The first and most prevalent is the captive agent. A captive agent is an agent that works for a particular insurance company and only sells insurance for that company. The reason they are so prevalent is because when an insurance agent starts off selling insurance they make very little money. Most agents cannot afford the cost of starting a small business, then going without a paycheck for many months. This means they have to sign with a big company that will sponsor them. The other type of insurance agent is an independent agent. This is an agent that is licensed in any particular state to sell insurance and can sell insurance from any company with which they have a contract. Most are contracted with several companies.
The benefit of using an independent agent is that they can compare the costs of all the insurance companies in your area and find you the lowest price. Also, your Medigap policy will not cost you any more if you use an independent agent. Many agents will even pay the mailing costs to process your application. Then in the future when your premiums rise, the independent agent can compare prices again to see if there is a better priced supplement plan for you.
Word of caution! Many seniors will go on the internet and start making quote requests on various web sites. This leads to them being bombarded with agents emailing them and calling them at all times of the day. It doesn't even matter if you are on a do not call list because you are granting permission to be called when you fill out the form. The reason for this happening is many of the internet sites that come up are there simply to collect people's information and then sell it to multiple agents and insurance companies. All Medicare Supplement plans are federally and state regulated, so there is no need to go through this hassle. The ABC plan of one company has the same exact coverage as the ABC plan of another. Also you cannot buy the plan of one company cheaper from one agent than you can another agent. The playing field is level.
So, save yourself a lot of hassle and time and find an independent agent from which to request your insurance quotes. To learn more about more about Medicare and Medicare supplement insurance from a licensed independent agency, visit us today at http://centaurmedicaresolutions.com/
Joel Moyer is an owner and independent agent for Centaur Medicare Solutions. Prior to being licensed as an insurance agent, Joel served in the US Army for over twenty years. His service included many places around the United States and countries including Iraq, Saudi Arabia, Egypt, and South Korea. A more extensive bio is available by clicking his picture on our website.
http://EzineArticles.com/6471822
Subscribe to:
Posts (Atom)