Understanding Kidnap & Ransom Insurance
Posted: December 19, 2019
Understanding Kidnap & Ransom InsuranceKidnapping for ransom is a lucrative business for perpetrators and more prevalent than you may think. The Insurance Information Institute (III) reports that kidnapping for ransom is on the increase. Prime targets are wealthy businesspeople and their families, professionals traveling abroad, journalists, and aid workers. Most kidnappings of Americans for ransom or extortion occur in Mexico, Columbia, Central or South American countries, parts of Africa,...
Should I Sign Up For Life Insurance Through Work If I Already Have A Life Insurance Policy?
Posted: December 13, 2019
Should I Sign Up For Life Insurance Through Work If I Already Have A Life Insurance Policy?Life insurance is offered by some employers as part of their group benefits package. Usually, the employer pays for most or all of the premiums. Companies are not required to provide life insurance for their employees. When they do, it is a nice benefit, and you should take advantage of it. If you already have an individual life insurance policy, that is ideal, as group...
Liquor Liability Insurance Vs. Brewery, Vineyard, and Distillery Insurance
Posted: December 4, 2019
Liquor Liability Insurance Vs. Brewery, Vineyard, and Distillery InsuranceBoth the popularity and number of craft breweries, vineyards, wineries, and distilleries are on the rise in the U.S. However, these types of businesses can have complicated insurance needs. Any establishment that has a tasting room or serves alcohol needs liquor liability insurance, but that is only the beginning of the coverage you may need. Our knowledgeable agent can help ensure you have the right...
What Does Being “Vested” In Your 401(k) Mean?
Posted: November 28, 2019
What Does Being “Vested” In Your 401(k) Mean?As defined by the IRS, vesting in a retirement plan means ownership. Each employee vests a certain percentage of their account in the 401(k) plan every year. An employee who becomes 100% vested in his or her 401(k) account balance owns 100% of the balance. When this occurs, the employer cannot take it back (forfeit) for any reason. Amounts that are not vested in a...
Cargo Insurance Vs. Wholesalers & Distributors Insurance
Posted: November 19, 2019
Cargo Insurance Vs. Wholesalers & Distributors InsuranceCargo insurance is not the same thing as wholesalers and distributors insurance. If your business is a wholesaler or distributor that ships cargo, you may need both types of insurance. Our experienced agent can review your business policies with you to help ensure you have the coverage you need at the best price for you. What Is Cargo Insurance? Cargo insurance provides protection against risks...