Sharing Your Health Insurance With Your Spouse

For many couples, purchasing a joint insurance policy is often the preferable option. In many cases a joint policy can cost less than two individual policies. When it comes to health insurance, however, finding a joint policy can pose some difficulty – especially if one partner isn’t working or has an existing illness. Employee Benefits If you…

The Terrifying True Cost of Data Security Liability

How secure is your data? Do you know the potential cost of a data security breach? It can, in fact, be terrifyingly high as the State of Utah learned the hard way. Following a breach in 2012, during which personal information and Social Security Numbers of over 780,000 resident was compromised, the cost for the…

Building vs Fire & Legal Coverage

A question came to us recently regarding a rental property: Is Building Insurance the same as Fire & Legal Insurance? The quick answer: No. Building insurance is not the same as Fire/Tenant Legal Liability. “Fire (aka Tenant) legal liability” is a way to describe the risk that all persons, businesses, institutions, etc., are exposed to…

Risk Assess Your Employee Benefits

When it comes to signing up for your Employee Benefits you will want to perform some level of risk assessment. Employee Benefits packages are carefully constructed by your employer and provider and are legally obliged to conform to statutory regulations so it’s unlikely they will contain a large risk. But it’s always advised that you take…

5 Most Common Insurance Claims

Insurance claims are made every day. Looking at the most common claims made just goes to show exactly how much of what’s important to us in our everyday lives can be protected by purchasing insurance. Wedding Insurance A majority of wedding insurance claims are made for lost deposits. This can be a hotel closing down, a caterer failing…

Smoker Life Insurance Strategies

Are you waiting until you quit smoking to buy life insurance? You know that smoking causes health risks, so even if you have to pay more, you should be sure to protect your family now by purchasing smoker life insurance. Who is Considered a Smoker? Everyone knows that a person who smokes a pack a day…

Reserve Analysis

 Quick Definition A reserve analysis is an estimate of an employer’s outstanding liabilities resulting from past retained claims.  The Details The analysis establishes an adequate level of reserves that includes case reserves, unreported claims, and adjustments to case reserves to provide anticipated growth in reserve amounts.  In other words, a reserve analysis answers the question,…