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.
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.
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
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.