Researchers recently conducted a survey about senior citizens and life insurance ownership. Their survey concluded that about 55 percent of seniors had let their coverage lapse and saw it as a liability instead of an essential asset. In addition to this, about 80 percent of the seniors surveyed who were over the age of 66 did not know they could sell their existing coverage in exchange for a cash payout.

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Winter storage, dock fees and general maintenance are just a few examples of expenses associated with boat ownership. While most people do not think about these costs before buying a boat, they quickly learn after making a purchase that they are necessary. One of the most important costs associated with boat ownership that should not be trimmed or skipped is insurance.

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The bill that would lead to the Occupational Safety and Health Act went into effect on April 28, 1971. When Congress passed the bill, they made it clear that their intention was to ensure that every working individual in the nation would have healthful and safe working conditions. OSHA was then formed as a division of the Department of Labor.

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"It can't happen to me." That's what a lot of people think when they think about wildfires. Their town, their street, their home must be immune. But according to the National Interagency Fire Center, there have been 15,576 new wildfires that have affected 318,949 acres of land in 2015 so far. Those who have homes built in dry climates and in heavily mountainous areas are especially susceptible to damage from wildfires.

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After purchasing any valuable jewelry, homeowners should contact their insurance agents quickly to update their policies. There is only limited coverage for expensive jewelry on a typical home insurance policy, so the owner may not receive the full value of the item if it is stolen or destroyed. Most home insurance policies allow coverage of possessions up to 50 percent of the amount of insurance chosen.

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October is Crime Prevention Month, and experts recently shared some helpful information about four of the most common crime schemes criminals use. In addition to this, they offered some helpful suggestions for implementing best practices in the workplace to prevent the occurrence of these crimes. To protect their companies from risks, business owners must invest plenty of money and time.

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Business partners share many burdens and the task of making difficult decisions. They are assets to a company, so it is important to protect the business in the event a business partner dies. Both partners should plan ahead for this possibility. A death will affect multiple aspects of the business, and its effects span wider than most people assume. 

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The two most common days for home fires in the United States are Christmas and Christmas Eve. Fire officials encourage all Americans to make safety a top priority during the holidays. One of the most important steps is to ensure smoke alarms and carbon monoxide detectors are installed in the home. The main cause of home fires during the winter holiday season is cooking, and heating comes in at second place.

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Business owners: Which of the following poses the greater risk that your organization will unintentionally give up confidential data?

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• An anonymous hacker in a foreign country, snooping for network vulnerabilities.
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• One of your mid-level managers who receives three phone calls while trying to write a single email. According to a recent study by breach
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Damaged property is the typical result when there are construction accidents. Faulty wires scorch the walls, collisions damage equipment and the list goes on. If anything bad happens, contractors must look at their general liability insurance policies to see what is covered. The policy will typically cover the replacement or repair of damaged items. However, these policies do not necessarily cover every single incident.

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Researchers found that today's auto thieves are using new methods for stealing vehicles.New anti-theft technologies being used in newer automobiles make it more difficult for thieves to steal them, but they are still finding ways to take vehicles with stolen identification. Experts and law enforcement officials say that these cases are examples of financial fraud and not auto theft, which is why there

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Most insurance policies will provide some level of indemnity if you are financially harmed by something covered by the policy.That's the whole point of having insurance, right? But financial pain isn't the only kind of damage you may suffer. What about the damage to your reputation if you are the victim of a false claim or frivolous lawsuit? Your insurance company may want to jump at

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Being an employer is a tricky endeavor. Yes, you need them to expand your business and serve your clients. And the good ones are truly invaluable. But when you become an employer, you take on a lot of additional potential liability as well. First of all, even where claims are unfounded, the mere cost of defending

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There are two financial hazards for a surviving loved one when a spouse passes away: the burial expenses are one issue and the other is a reduced income due to the loss of a spouse.

When the surviving spouse finds there is not an insurance policy that can help with the expenses that come with losing a life partner, they only have a few options left.

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The owners of a new company bought a building that was used to manufacture aircraft during World War II. The new owners were in the software development business and the building was larger than it needed, but the price was right. However, the property insurance bill surprised them. Insurance companies base limits of insurance on the cost of replacing a building exactly as it was before the loss.

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In the event an accident occurs on the road, it is important to know what to do. People who already know how to react can help save their own lives, the lives of passengers and the lives of people in other vehicles involved. This may also help reduce insurance liabilities in some cases. Researchers say there are an average of 10 million vehicle accidents annually in the United States. They range from major accidents to small fender benders.

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Life insurance is one of the most important aspects of personal financial planning.For many families – especially those with children – it is the most important part of an individual financial plan, together with disability income insurance. There is nothing else that can reliably step into a family breadwinners’ shoes in the event of his or her death and replace that vital economic

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Most businesses are required by law to provide workers’ compensation insurance. It protects employees, providing income and medical care if they’re injured on the job. It also protects employers; the liability portion provides coverage for lawsuits filed as a result of a work-related injury. As an employer, the amount you pay for workers’ compensation coverage varies according to your industry and claim history.

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Mostly everyone knows that the use of social media has grown by leaps and bounds over the past decade.What many people don't realize are the unique risks that come along with social networking.Anyone using Facebook, MySpace, LinkedIn, or other social networking sites should exercise extreme caution in what they decide to say on-line.

As an example, in 2009 a teenager in New York sued some...
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In case you haven’t noticed, winter has arrived and with it comes ice, snow, slippery roads, and poor visibility.Winter driving is necessary and nothing can be done to avoid it.

While the best advice is to not drive at all, that's not an option for most of us. If you must drive, here are some simple precautions you can take to minimize the risk of accidents and injuries:...
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The risk of becoming too sick or injured to work, before retirement age, is much more prevalent than death. How would a business partner handle maintaining their business interests if they became physically or mentally handicapped? The partnership is one of the three most commonly used types of business organizations.

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Imagine waking up on a frigid winter morning, throwing on your bathrobe and stumbling down the stairs to make a pot of coffee—only to find your kitchen is filled with water.Each winter, about a quarter of a million families find themselves in scenarios like this all because of water pipes that freeze and burst.

Not only can a pipe eruption ruin your day, but it can also cause thousands of dollars of damage to your home....
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