Entries Tagged 'Insurance' ↓

Business owners really need insurance to protect their investments and valuable assets, especially if it is a small business, because there are numerous factors that can ruin the enterprise and turn all of your efforts into nothing overnight. Business itself in essence is connected to a lot of risk, but when a small business uses loans and credits for day-to-day operations, any financial loss no matter what causes it may be devastating both for the business and the individual behind it.

Looking at all the risks involved it is evident that insuring a business is a must. Small business owners need special protection in six key domains that pose special risk for any enterprise: property, liability, worker compensation, autos, theft, and capital. There are other domains such as errors and omission that require additional security as well. Insurance companies understand the need of small entrepreneurs and that is why there are so many insurance offers for small and medium businesses on the market these days. There are numerous factors that may influence the choice of insurance for a businesses and local business condition is just one of them. In order to get the best policy it is recommended to follow these simple five tips that will assure your enterprise with the right coverage it really requires: Continue reading →

There’s much debate around the healthcare system reform proposed by President Barack Obama. And while there are many people who protest against it, and those who support it, it is important to know what it is all about in the first place. Here is a short overview of the reform, which is comprised of three essential parts:

1. Assure all American citizens with access to comprehensive and affordable health coverage

The main features of this part are:

• New Public National Health Plan, which will be very close to the current health coverage provided to federal employees. The main difference is that the new plans will be available to all US citizens for a reasonable price no matter of their financial situation. Deductibles and co-payments will be reduced to minimum, while low-income persons will have the possibility to use additional subsidies.
• National Health Insurance Exchange, which will allow US citizens to look for private health plans. It will set regulations on private insurance providers in order to make sure that private plans are not too different form public ones.
• New business mandate requiring national enterprises to pay for the Public National Health Plan.
• Individual mandate aimed specifically at children.
• More support provided to existing programs like Medicaid and SCHIP.

2. Improve the quality of healthcare services and lower their costs

This initiative presumes federal financial assistance for improving the quality of the services and lowering the costs, with additional assistance to enterprises that cover high-risk employees. Continue reading →