Best Cheap Insurance Quotes

Mini-med health plans are health insurance plans with very low total payout amounts and bare bones coverage. These plans are often offered by employers with a high number of part-time employees or non-traditional employees. These employees generally cannot afford a full insurance policy and the employer cannot cover the number of employees with an affordable plan.

For example, McDonalds provides a mini-med plan to an estimated 30,000 employees in more than 10,000 locations.

Contingent business interruption is a type of insurance similar to business interruption. It is designed to cover the risk of a supply chain distribution disruption. Here is a link to a great article explaining this kind of insurance in today’s ABC News site.

Health Care reform legislation is one-year old today.

Legal challenges are pending with the courts, unfortunately, deciding matters on a seemingly partisan basis and the litigation appears headed to the U.S. Supreme Court. Full implementation doesn’t occur until 2014. But, we in the U.S. are at the one-year mark of the legislation.

What are the immediate effects for your business? It all depends on your location, whether you provide benefits to your employees now (whether you provide benefits to yourself as a small business) and other factors. But, for those businesses that have renewals coming up, some immediate policy changes exist and will be obvious in the renewal:

As I stare out my office window down to the streets of Cleveland, I watch all the “real” Irish and the faux-Irish gather for the parade. Street stands, corned beef, pipes, fifes and drums. And, of course, green beer.

Which leads to my holiday reminder about alcohol liability and insurance. We now feature a very concise video about liquor liability insurance and a brief explanation. As always, especially in the area of liquor liability, check with your local professionals. Laws vary from state to state and are constantly reinterpreted by courts. If you serve alcohol, your business needs a liquor liability policy.

Is you business in a flood plain? Do you carry flood insurance? Does your landlord carry flood insurance? These are a few questions to consider this week.

The National Oceanic and Atmospheric Administration’s (NOAA) National Weather Service is holding Flood Safety Awareness Week from March 14 to March 18.

The event is designed to raise awareness about flood safety and preparedness. A good first start is to determine if your business is in a flood-risk zone and what level of risk. Floodsmart.gov is an excellent web site created by the Federal Emergency Management Agency. At the site you can enter your address to determine your risk zone and you can find typical premium rates. For example, a $500,000 building and contents policy can run about $2,600 per year in a low-risk zone and over $11,000 in a high-risk zone.