Category Archives: Finance Guide

Emerging Trends in Environmental Insurance For Contractors

Insurance industry has been impacted by the dramatic events over the past few years. Insurance is a naturally cyclical industry that has been hit twice by a weakening market cycle and an economic crash unlike any other time in human history. This historic set of circumstances will have a lasting impact on the industry. There are still many […]

Insurance Glossary of Terms

Assured: Those who are covered under an insurance policy. Benefit– Money paid to policyholders when they file a claim. Bid price – This is the selling price or cash in value of your unit holdings. Bonus– This refers to a policy with-profits. The money that is added to the benefit under the policy. The insurance company’s profits will […]

ACORD Certificates of Insurance – What Certificate Holders and Providers Need to Know

ACORD’s Certificate and Evidence of Insurance forms, which were made effective in late 2009/early 2010, have caused alarm among both insurance certificate holders and those who must provide them. Insurers no longer promise to notify certificate holders if policies are cancelled unless they issue endorsements in writing to their policies, which is highly unlikely. The old certificate […]

Disability Insurance Needs And Statistics

You are not the only one who underestimates your disability risk. According to a Council for Disability Awareness study, only 10% of people accurately estimate their disability chance. TMA Insurance trust has some shocking statistics. One in eight workers will become disabled for at least five years during their working lives. Average long-term disability claims for group […]

Best car insurance in Utah

Car insurance is not just smart for Utah drivers, it is also a legal requirement. According to Bankrate’s 2021 analysis of annual premiums, the average cost of Utah car insurance is $1,306 per annum for full coverage. It is crucial to understand how to find Utah’s best car insurance for your budget and needs. The Bankrate insurance editorial […]

Alternate Risk Transfer (ART) – Insurance Strategies

Risk Management Alternate risk transfer is another way to say alternative methods of insurance or risk management. There are many. There are many options available, from self-insuring to the more basic option of not having insurance at all to “program business captives”, and there are many other strategies. It is important to know a few facts […]