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Car insurance is required by most states and purchasing coverage is an easy way to avoid expensive penalties. When conducting regular traffic stops, police officers can easily run your license plate to instantly check coverage status. Cops use various strategies to ensure drivers comply with state laws. Read on to understand how they can tell […]

The IRS permits taxpayers to deduct supplemental insurance premiums on their taxes; however, before taking this deduction it’s important to keep certain details in mind. Deductibility rules depend on both your employment status and whether or not you itemize deductions; for instance, health insurance premiums you pay as an employee may be payroll deducted before […]

Businesses typically request COIs from third parties in order to verify they possess adequate insurance coverage to complete their projects safely and protect themselves from liability should an incident occur which would be covered under their policy. Any small business or independent professional providing services with potential for financial loss must provide a Certificate of […]

Homeowners insurance provides coverage for many aspects of homeownership; however, not everything. For instance, if your dishwasher springs a leak and damages the floor in your kitchen, homeowners insurance may cover some or all of the damage – but only if it was sudden and accidental. But what about bathtub leaks? NerdWallet investigates whether homeowners […]

Homeowners insurance is an invaluable way to safeguard both your possessions and financial wellbeing against unexpected events. It can protect against property damage, liability issues and additional living costs. When renting out your home, landlord insurance policies provide essential protections. This article outlines their key differences. Property Coverage Homeowners insurance provides essential protection in the […]

Car insurance companies generate revenue by selling policies with premiums attached in return. They also make money through investments and other sources, which helps cover costs while providing financial security in case of claims. Drivers with poor credit tend to pay more for car insurance due to insurers charging them higher premiums as compensation for […]

Short-term medical insurance plans offer temporary health coverage that are lightly-regulated, noncompliant with Affordable Care Act guidelines, and provide limited benefits at higher costs. They’re generally offered across most states. If you’re considering purchasing a short-term plan, be sure to read all of its fine print before making your decision. Furthermore, research the insurer and […]

Comprehensive insurance can often depend on both the value of your car and where you live, for instance if there are frequent weather-related disasters or high car theft rates in your area, then additional cost could be worth paying out for. Comprehensive insurance typically pays to repair or replace your vehicle minus an insurance deductible. […]

An Assignment of Commissions contract allows producers to trade off selling their own book of business for more of a stable paycheck and support from an agency or MGA. As part of an override arrangement, they generally reimburse their upline with a certain percentage back – this may include office space rental fees and marketing […]

Employers typically offer healthcare, dental and short-term disability coverage as part of a benefits package for employees, with premiums being deducted pre-tax from payroll checks. FSAs can offer employees who pay out-of-pocket medical expenses predictable tax savings by lowering taxable income, which in turn lowers FICA and FUTA payroll taxes. Fica Tax FICA (Federal Insurance […]