Life insurance: everyone has to get it eventually. And getting life insurance inevitably means submitting to a detailed medical exam so the company can determine exactly how much time they have to charge premiums before you cash in the ultimate policy, so to speak. So when most people hear about no-exam life insurance, they wonder … is it a scam?

Short answer? No, it isn’t a scam, but there are definite trade-offs, and it’s not for everyone. To understand how it works, we have to understand how the life insurance industry works.

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How to Get No-Exam Life Insurance

Life insurance products are profitable for a simple reason: over the life of the policy, they collect more in money from you than they pay out in benefits. This is why a 21-year-old in good health can pay very little in premiums, while a sixty-year-old is going to pay a lot more; they’ve got less time to make money off the latter. But, of course, if the 21-year-old has terminal cancer, they’re going to lose their shirt, which is why they have the medical exam. This research is called “underwriting.”

No-exam insurance is, at root, just higher-risk insurance (risk for the insurance company; not for you).

The insurance company is going to mitigate that risk in two ways: first, you’re going to pay more in premiums, no matter what your age or health. And, secondly, they’re going to pay out less — sometimes quite a bit less.

How much of a contrast is it, though? We chose three “no-exam life insurance” companies, anonymously, and called them up as a 30-year-old non-smoking man in good health, looking for $100,000 in coverage. And the results? They speak for themselves.

Insurance Company #1

Saleswoman: Hi, this is Joanne at [Company #1]. I understand you’d like some life insurance! How can I help you with that?

InsuranceProviders.com: Hi, yes, I’d like to talk about my options. Here’s my first question: do I have to get an exam? I’m very busy and scheduling that is going to be tricky.

Saleswoman: Well, sorry to hear that you’re so busy. It’s really a question of how much you want to pay, sir. You don’t smoke, right?

InsuranceProviders.com: Nope, never have.

Saleswoman: Good for you, that already lowers your premium. Here’s how it works with the exam, sir: we need the information from the exam to decide your premium, so, it’s along those lines. If you’ve had a full physical recently…

InsuranceProviders.com: Afraid not.

Saleswoman: Well, if you’ve got one coming up, that would be acceptable. But considering your health status, I’d say you might pay $30 a month.

InsuranceProviders.com: What about no-exam life insurance? I’ve heard you can get that. That might fit my schedule a lot better.

Saleswoman: Well … to be honest, sir, the cost is probably not going to be ideal.

InsuranceProviders.com: How much are we talking about here?

Saleswoman: At a guess? Probably $60 a month, at minimum.

InsuranceProviders.com: Twice as much?

Saleswoman: I’m afraid so. It’s all about the underwriting with this, unfortunately. Without the exam, we really can’t narrow down your premium, so, well, it’s going to cost you.

InsuranceProviders.com: Wow. I’ve got to think about this. Can I call you back?

Saleswoman: Of course! Thanks for calling!

Insurance Company #2

Salesman: Hi, this is Bob at [Company #2]. You wanted to discuss life insurance with us today?

InsuranceProviders.com: Hi, yes, I was looking for about $100,000 in coverage.

Salesman: OK, we can definitely do that. Looking at the information you’ve provided us, I’d say you’d pay $25 to $35 per month. Do you have a primary care provider for your exam?

InsuranceProviders.com: I was hoping to talk to you about that, actually. I’m really busy and I don’t really have time for an exam. I had heard there was no-exam life insurance from your company, what would be our options for that?

Salesman: Oooooh. I’m going to be honest, it’s really a much better idea to make room for the exam. I mean, I know it’s difficult when you’re busy, but it’s a good idea in terms of premium.

InsuranceProviders.com: So we’re talking a lot, here.

Salesman: Yeah, almost double, $40 to $50 a month. Possibly more, although that’s unlikely since you’re healthy and you don’t need a lot of coverage. But you are going to be paying more. I can try and negotiate it lower, but it’s going to be tricky.

InsuranceProviders.com: Is there a reason for that?

Salesman: Well, for us, it’s about risk. You’re basically an unknown quantity. What if you’ve got some sort of chronic condition that’s about to flare up that not even you know about? So we have to protect ourselves.

InsuranceProviders.com: I can see your point. Can I call you back after I think about this?

Salesman: Of course. Have a great day!

Insurance Company #3

Salesman: Hi, I’m Anthony from [Company #3]. You were looking for some life insurance today?

InsuranceProviders.com: Hi, yes, I was wondering if you offered no-exam life insurance.

Salesman: Sorry, no.

InsuranceProviders.com: Really? I thought I saw…

Salesman: We did, but honestly, our clients didn’t like it and it just wasn’t a good value. The way our underwriting worked, we had to charge two to three times more for a typical premium. Nobody wanted it, really.

InsuranceProviders.com: Wow. Well, how much would you charge me for one with an exam, do you think?

Salesman: Probably between $20 and $40, depending on what you wanted.

InsuranceProviders.com: Can I call you back?

Salesman: Of course, sir. Have a great day!

Selecting the Right Insurance For You

So, there you have it. No-exam life insurance means double premiums, and, as we later found out, you still have a lot of hoops to jump through. We didn’t even bother seeking higher benefits, but we’ve found that once you get past $250,000, it’s a real struggle to even get no-exam insurance, let alone pay a reasonable price for it.

Who would no-exam life insurance work for, then? Well, people who don’t want an exam, obviously, but the product is really for those who can’t get easy access to a doctor for an exam, and aimed more at younger people who may be engaging in something risky as a job.

So, it’s not for everybody, but if you need insurance and don’t want an exam, and you’re willing to pay the price, then it may be worth it to you.

But if you want  the best life insurance at a better price, check out what we have to offer here on InsuranceComparison.com. We’ll make sure you get the best quotes from the best companies. You may need an exam, but we’ll make sure you save the most money, and save time as well. Click here to enter your ZIP code below to get your FREE quote!

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Amalgamated Life is a commonly used insurance company in the United States. They offer insurance for individual members, brokers, providers, and retirees. They offer the following types of insurance:

• Life Insurance
• Accidental Death and Dismemberment
• Disability
• Medical Stop Loss
• Voluntary Insurance Products such as : Workers Life Plus, Workers Life Level, Critical Illness, Long and Short Term Disability, and their Employee Life Option.

Company Mission

According to their website, Amalgamated Life’s mission states that they “are dedicated to helping working people and their families achieve financial security by providing affordable life, health and pension products and services while maintaining an unwavering commitment to excellence and continuing our historical mission to organized labor.”

Under the life insurance policies they will cover dependents, retirees, and even offer supplemental insurance.

When you file a claim with Amalgamated Life, you can rest assured that your claim will be handled quickly and efficiently. It is made to help you and your family with problems that may arise in your lifetimes. You can request a quote on their website by using the “Contact Us” link.

If you are a broker or a consultant and wish to discuss the options for your clients, please call 1-914-367.5511 to speak with the VP of Sales and Marketing. In addition, if you are a provider that would like to become part of our physician network, please call 1-914-367-5365 to get started. They can be reached at providerwebinquiry@aligroups.com.

Amalgamated Life Policies

The Amalgamated Life company offers a wide variety of life event policies to help you through difficult times.
To be eligible for their life insurance policies, the policyholder must be currently working. The benefits to the program include the following attributes:

• The customer can choose the amount of benefits paid
• No medical underwriting needed if a customer wishes to transfer to a permanent policy
• Different contracts for various age groups rated by experience
• The feeling of security knowing that Amalgamated Life is a union company
• Dependents are covered. A spouse can get coverage for up to 50% of the member’s coverage with a maximum benefit amount of $100,000. The member’s children can receive $4000 in benefits.
• Retirees are covered, and their employers can give them an additional 10% of coverage if they wish. This coverage does not include family members.
• Members and retirees can opt in for supplemental life insurance by paying a fee.

With their Accidental Death and Dismemberment policy you can benefits up to the amount of the member’s life insurance benefit payout. The Medical Stop Loss policy is great because there is no medical underwriting needed. The plan offers the following benefits:

• Fast response to proposals
• Reduced cost for PPO’s, medical management organizations, and TPA’s with excellent performance rates
• Flexible claims and a 5 million loss limit
• Choice of terminal liability
• Aggregate stop-loss and extension

In addition, the disability policies cover short term and long term disability with the following conditions met:
• Injury or illness must not be work-related.
• Policyholder may or may not be required to contribute money.
• Note: These policies may not be available in every state.

Lear more about disability policies and what they offer right here.

Amalgamated Life Summary

Not only does Amalgamated Life have a great selection of insurances for various lifetime needs, their website is easy to navigate and is user-friendly. There is just enough information available to get the information you need without making it cluttered. To get more information, please contact them through their website or call.

National Western Life Insurance Basics

The National Western website is also easy to navigate. They also offer a site map to help you find what you need more quickly. National Western offers life insurance, annuity, and Roth IRA policies. You can view current rates for annuity and life policies on their website under the Marketing Resource Center link. For members there is a link to all policy documents that can be downloaded from the website.

According to their website, they offer universal life and term life insurance products.

Universal life insurance allows you to change your premium cost each year.

It also allows you not to make a payment if needed. Your premium will earn interest in an account and your premium cost will come out of that account each time. If your account runs out of funds then your policy would be terminated unless you add funds to it. They offer education to help you decide how much life insurance you need as well.

Other Types of National Western Life Policies

According to their website, they also offer annuities and Roth IRAs. With an annuity you can earn interest on your money that is tax deferred. This is an easy way to save money with little effort on your part. The payment can be immediate or deferred. It is best used as a long term financial investment.

Annuity premiums can be paid as a one time payment or installments. Their annuities are fixed, indexed, or can be a combination of the two. With annuities you control when you withdraw from the account, and there are not penalties for doing so.

Roth IRA’s are a type of retirement account. They are not tax free when you put money in, but the interest dividends are tax free. You may be able to convert your regular IRA to a Roth IRA if eligible.

How Do I Get a Quote?

To get a quote to find out how much it will cost for Amalgamated Life or National Western Life insurance, you simply need to request a quote online or call an agent at the phone numbers listed on their websites. The major difference between the two companies is that Amalgamated offers a wider variety of products, and National Western’s products are much more specific. They both offer great benefits, but to decide what is best for you, you would need to contact them to discuss and weigh your options. Not every policy is right for every person, and the agents can help you decide what is best.

Use the FREE quotes tool and your local ZIP by going here now!

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What Does It Cover?

In short, it covers whatever someone wants it to cover. Umbrella insurance gives an individual peace of mind in knowing that assets are protected to their full value, and then some. Furthermore, it can also protect against things like slander and invasion of privacy. Claims of slander and libel have become all too common nowadays, and not having this extra insurance means that someone can lose his or her property and assets and not be able to do a thing about it.

Is It Right for Me?

The only person who can answer this question is the person considering umbrella insurance. Individuals need to take all their savings and hard work into account. They probably worked and saved for years to purchase their cars, boats or homes, and losing them in an instant is a real possibility.

As umbrellas protect people from sudden downpours, umbrella policies protect them from damage that goes beyond their typical policy limits.

Comparing Online Rates

To ensure that individuals and their property are sufficiently covered, they should compare online quotes. Umbrella insurance is there to cover things that go above and beyond typical policy limits and is an important investment. Before beginning or renewing a policy, individuals will want to get quotes from several companies to best decide what fits their needs and budget.

Here are some important things to keep in mind when beginning the search:

Looking in the Right Places

Finding suitable umbrella insurance begins with knowing where to look. The obvious first choice is to use a search engine. By using targeted keywords, one can quickly pull up dozens of insurance companies all willing to provide quick quotes. The drawback is that the wealth of choices can also be confusing, with many non-relevant pages getting mixed into the results.

A better solution is to use a site that has already done some of the work for you. Insurance comparison sites list reputable companies that are regulated and licensed to do business in the state in which the consumer is looking. Enter your ZIP code in our comparison tool to compare insurance quotes from multiple insurance companies for FREE.

Deductibles

A deductible is how much someone has to pay before coverage takes over, and it is a good idea to keep this as high as possible when choosing insurance. For example, if a person’s deductible is $1,500 but has suffered property damages worth $3,000, then insurance is only going to cover half of the cost.

The common misconception is that a lower deductible saves money, when, in fact, the opposite is true. The higher a deductible is, the lower the monthly payment will be.

Discounts

When researching umbrella insurance, the best way to ensure a low rate is to look for discounts. Discounts will keep monthly premiums low and they are fairly easy to find, if a person knows where to look. Most insurers will offer many vehicle discount options, including those for seniors, students, and anyone who completes a safe driving course.

Many insurers will also offer multi-driver discounts for married couples who occupy the same policy. Discounts are available on many other types of properties as well.

Credit Scores

People who know their credit scores can get a good idea of what their umbrella insurance rates may be. Most insurers will take credit scores into account as a way of assessing risk, and the higher a credit score is, the lower the insurance rate should be. A quick online search can lead to websites that offer a free credit report.

Adding Safety Features

Property owners should consider adding additional safety equipment to their home, boat or vehicle before applying for quotes. A vehicle equipped with safety features such as air bags, antilock brakes or an alarm system will represent a lower risk to an insurer, translating to lower umbrella insurance rates. A boat or home equipped with a security system will receive the same discounts.

Driving Record

Drivers should keep their driving records as clean as possible. Tickets, accidents, or citations of any sort will increase the premium cost. If a person’s driving record is already in poor shape, he may be at the mercy of higher rates, unless an insurer who is willing to overlook past indiscretions can be found. Drivers should bear in mind that driving records are checked for anyone listed on a policy, and it will affect the cost of umbrella insurance.

Those who don’t know how much insurance they need should talk to their current agent or visit a reputable online insurance comparison site. By entering your ZIP code in our FREE car insurance tool, you can find umbrella insurance options that will fit their needs and budgets.

Payment protection insurance is something that many people need to consider, but they should understand what the insurance is to determine if it is right for them. Use our comparison tool to find and compare insurance quotes for FREE!

Defining Payment Protection Insurance

For those to know whether payment protection insurance is for them, they need to know what it does. Payment protection insurance is a special type of insurance that is sold with loans, mortgages, car finance agreements, and credit cards. In its most basic from, this insurance creates a safety net for those covered in case they are no longer able to make regular payments.

The reasons can range from anything from an accident or unemployment. While the exact terms will vary from person to person, payment protection insurance can cover a person anywhere from twelve to twenty-four months.

There must be some caution when choosing a payment protection insurance policy, as the terms will be different based on the insurance provider. Some clients may end up being taken off guard by learning they must pay for fees that they assumed were covered.

However, proper understanding of the policy will help keep the client safe and give them the peace of mind that if anything were to happen, they are covered. In the mean time, you should take these steps to protect your data.

Knowing the Best Method for Finding Payment Protection Insurance

There are several different methods that can be used when finding the right insurance provider for payment protection insurance. Typically, people call around or visit insurance offices to learn more about what deals are currently in place and to meet the staff.

While this method is still an effective strategy, it has quickly become replaced with other methods that let the customer quickly get the facts they need without having to sit in an office or make an appointment.

While a customer may simply want to know the bottom line for coverage, an agent’s job is to speak with each person and be persistent so that a contract can be signed.

Why the Internet is the Best

Just like everything else, there have been huge advancements for insurance quoting on the Internet. The Internet has helped users find quotes in a quick and efficient manner without having to deal with actually speaking to representatives or going to the office the meet with an agent.

While impersonal, this method nets the fastest results, letting customers find the right deals at the right price without having to deal with the hassle of backing away from a pushy agent.

The reason why the Internet is the best choice is simply because of the wealth of information that it carries. It can get quotes from several different companies at the same time, and users can read reviews about each company to learn about the strengths and weaknesses of each carrier.

In other words, users can learn about the information that insurance companies may not want them to be aware of. However, a good insurance provider will still stand out above the rest, earning the respect of satisfied customers in the process.

Compare Prices to Find the Best Deals

While some people may take the time to check each insurance site one by one to get a quote, there is a much faster way to get more results. Comparison sites have streamlined the searching process, casting a much wider net than a single person could on their own.

These sites take the given information and search numerous sites at the same time, bringing in quotes from a variety of insurance providers. The customer simply has to look through the quotes and read about the features for each one before ultimately choosing the right one for themselves.

Comparison sites have grown in popularity, and which one a person chooses to use is up to them, but there is no better method for getting the most quotes in the shortest amount of time.

Some sites even give out customer reviews so that those looking for insurance providers know who to stay away from and who is trustworthy.

Since the quotes are there for the customer to look at, there is no reason to contact the insurance provider unless they want to have coverage through them.

Know What Insurance you are Getting

While payment protection insurance is a great safety net for customers, not all of them are created equally. Take the time to compare different rates and see what is truly different in the policies. There may be a reason why one company offers a lower quote, and that reason may be something crucial for those looking for coverage.

Don’t always assume that the cheapest price is the best. If there some coverage that is missing, make sure that you are okay with that and are aware of the consequences.

Get Covered with Payment Protection Insurance Today

In the end, whether a person chooses to get payment protection insurance or not is up to them. However, if they should choose to get the coverage, they need to make sure that that they are getting the best policy at the lowest cost. There should be nothing held back when researching different policies, especially if one has the same coverage at a lower rate.

Comparison sites help make the search easier, letting the customer rest assured that they have coverage they can rely on if something were to happen.

Statistics indicate that approximately one in every three American households has been a victim of a white collar crime, and that U.S. organizations have inured damages and losses of more than $400 billion annually due to white collar crimes.

Whether you are a small or large business, data privacy insurance is a worthy and necessary investment. Although premiums might seem intimidating at first, you can not afford not to pay them. You can find affordable insurance when you enter your ZIP code in our FREE comparison tool.

What Primary Services Does a Data Privacy Insurance Company Provide?

A data privacy insurance company offers its clients a multi-faceted type of protection that covers expenses caused by data security privacy breaches, which can include penalties and fees associated with not enforcing state or federal policies or notification laws.

If a breach occurs, a data privacy company can help the organization or institution to comply with data breach notification laws. Currently 46 states require businesses to inform their consumers in the case of lost or stolen information.

Data privacy insurance also helps the organization or institution secure legal counsel and hires forensic experts to investigate and deal with a information privacy breach. If a third party claim arises regarding privacy, network security or internet media, a data privacy insurance company can also provide liability coverage.

Generally, services of a data privacy insurance can also be tailored to provide services that deal with pertinent cyber issues such as cyber liability. Clients of the organization who are victims are also helped by data privacy insurance as they are entitles to credit file monitoring services.

Finally, a data privacy insurance company will continually help an organization administer government-mandated identity theft prevention programs.

State and Federal Regulations for Privacy

Privacy is a right of every U.S. citizen and it is of the utmost importance for institutions which have access to an individual’s private information or records to exercise the utmost care in protecting it and keeping that information safe.

In large industries, such as the healthcare industry, there are federal and state regulations like HIPAA and HITECH regulations, that ensure that a patient’s sensitive and highly private information is gathered and stored that way, with the highest consideration to their privacy.

Failure to adhere to these policies or breaches in data privacy result in heavy fines and/or penalties for the institutions where privacy statutes are not followed.

Specialized Services

Data insurance companies are specifically geared to cater to the needs of different industries, for example, the healthcare industry, and provide coverage for legal costs in responding to regulatory proceedings, or paying for the penalties or fines that are assessed.

One data privacy insurance company is the MMIC which is based in Minneapolis and which enables clients that range from small doctor’s offices to large hospitals to respond immediately in the event of a privacy breach to minimize damage to both the institution and the patient and to mitigate exposure to legal liability.

In other similarly information sensitive industries, like the banking industry, data privacy is nationally regulated as well and therefore data privacy insurance is critical as the slightest breach of information or an uncontainable leak can cost billions and cause a bank to loose a significant number of clients. Enter your ZIP code in our FREE comparison tool

Who is Part of a Data Privacy Insurance Company?

Data privacy insurance companies are comprised of a highly qualified team of individuals which specialize in different fields to provide holistic services to prevent the loss of data, and rapid response to any breach or loss of data. These individuals can include but are not limited to:

• Attorneys
• Notification providers
• Credit monitoring staff
• Call center staff
• Specialists like forensic experts to investigate a breach
• Information technology experts

What are Example of a Limit and Rates Coverage Option by a Data Privacy Insurance Company?

An example of a basic coverage plan per rate that is extended by a data privacy insurance company, the Princeton Insurance, catering to physicians in their private practice is:

• Breach Notification, Credit Monitoring Costs $50,000
• Third-Party Liability Coverage $50,000
• Government Investigation Defense Coverage $25,000
• Remediation Costs $5,000

Premiums for one physician and entity with an aggregate of all coverages that averages to $100,000 can start as low as $450, then increase per physician in the practice.

For example coverage for two or three physicians that averages $250,000 has a premium of $750, 4 physicians and entity with coverage of $250,000 has a premium of $1,250, coverage of 5 to 10 physicians and entity of $250,000 has a premium of $1,750, coverage of 11 to 19 physicians and entity for $500,000 has a premium of $2,500 and so on.

Cost vs. Benefit of Insurance

Having data privacy insurance is an added expense but saves exorbitant fees that are related to payment of regulatory defense and penalties that result from privacy violations.

It not only keeps an organization or business in line with state and national laws but serves the best interests of the institutions itself and their clients.

It ensures a longevity of operation, consumer confidence, organizational profits and productivity and peace of mind regarding the safety of the most sensitive and private of information the organization is entrusted by the public with. Enter your ZIP code in our comparison tool now to compare FREE car insurance quotes.

Each insurance company has a different scale or prices depending on a number of factors including length of the short-term disability insurance, the amount of the policy and what it covers.

Enter your ZIP code in our comparison tool to compare insurance quotes for FREE and to find the one that best fits your needs.

Short-Term Liability Insurance for Construction and Contractors

Before a client will give a construction company or contractors a new building project, they often stipulate in the contract that there be a minimum amount of liability insurance. Though a company might already have liability insurance, there may be cases where the client asks for additional insurance for the duration of the project.

Depending on how much additional business liability costs, it might be more cost effective to purchase short-term liability insurance.

In this situation, it is best to go shopping for a short-term insurance carrier who will cover you. When shopping, there are a few things to keep in mind:

Never Sign Up for the First Quote: Always shop around until you find a quote that is reasonable and covers everything you need.

Read The Fine Print: One short-term liability insurance carrier may be more expensive than another, but that doesn’t necessarily mean you should take the cheaper quote. The pricier quote may cover more things, which could save you money in the long run should you need to use the policy for any reason.

Ensure the Policy Will Cover any Liabilities which May Creep up Later: For example, a short-term policy taken out for 3 months during a construction job. Six months after completion, something falls apart. A good short-term disability policy will still cover the incident since it is directly related to the 3-month insured policy. Enter your ZIP code in our comparison tool now for FREE liability insurance quotes.

Special Events Short-Term Liability Insurance

Some insurance carriers allow short-term policies for special events. This can include things like weddings, reunions and more. There are minimums that must be met. For example, some insurers won’t give out special event insurance unless there are no more than 10,000 people attending the event. Read this for more detailed information on why you need special events short-term liability insurance.

Be sure to do a thorough search for coverage that will cover all your needs. For example, let’s say you are planning a retreat for a company that lasts three days. Check the fine print to make sure all three days are covered. Here are a few examples of what companies may pay for:

1. Operations: coverage for events and all planning and pre-event planning
2. Premises: The insurance should cover accidental death and dismemberment on the premises of the event that is being insured
3. Deductibles: The deductible should be affordable or in some cases, zero. Generally the premium on this type of policy is high enough to have the deductible waived in case of an event that would lead to a claim on the policy.

Finding the Best Rate

Finding the best insurance rate is getting easier as technology gets better. This is because the Internet can be used as a great tool for comparing quotes from many different insurers.

There are websites that offer free quotes with just a few questions answered. These questions may include the following:

• State of residence: Policy prices can vary from state to state, so knowing where you live helps these websites get an accurate quote.
• ZIP Code: For a more specific quote, a ZIP code is used to make sure policies cover any local or municipal laws.
• Email Address: Some quote websites will email you the results of your search instead of displaying them on the screen right away. Before you consent to this, check the website’s privacy policy to make sure your email address will not get sold to a 3rd party who may spam you with unwanted or useless information.

Cautions

If at any point a website asks for more personal information such as address or social security information, navigate away and try another site. This may be an attempt to gain personally identifying information in an attempt to steal your identity. This can lead to many headaches including ruined credit. Always be careful!

Never give your credit card information. All websites that offer insurance quotes should do so for free. You should only have to pay if you are actually going to purchase your policy.

Once you have found a quote that covers everything you need at an affordable rate, you have some options. Most websites allow you to contact the insurance company directly through their website so that you get a fast answer and can buy the policy as soon as possible.

In some cases you may be able to book your short-term liability insurance online. Only do this if you are sure you have no questions about the policy and that it covers everything you want. If not, contact the policy provider and book after you have asked your questions. It is always better to be safe than sorry when buying short-term or any liability insurance.

Use our comparison tool to compare insurance quotes from multiple companies for FREE! Enter your ZIP code now!

In addition, businesses may simply make careless mistakes with information while online, and those mistakes could prove costly. Any business with an online presence should consider coverages related to intellectual property and virus security.

However, companies engaged in e-commerce should protect themselves further by considering a wide variety of policies.

Enter your ZIP code in our FREE insurance comparison tool to compare insurance quotes now!

Intellectual Property Coverage

An online business may wrongly or inadvertently misuse the intellectual property of others. Intellectual property may include:

• Advertising material
• Copyrighted material
• Slogans
• Trademarks

When businesses infringe on the intellectual property of others, they may become the subjects of a costly lawsuit. Even inadvertent copyright infringement could result in hefty settlements and compensation to the wronged party.

Internet liability insurance would protect both personal and business assets against claims brought against a company.

Business owners should look into intellectual property insurance to protect them against all forms of intellectual property lawsuits.

Failure to Protect Private Information

Many companies, particularly those with extensive customer files, have large databases filled with sensitive customer information. This information may include:

• Credit card information
• Social security numbers
• Checking account numbers
• Identifying information such as name, address and telephone number

If an employee, for instance, takes private customer information and uses it to commit identity theft, then the business could be liable for the clients’ losses because they didn’t take adequate measures to protect personal data. Businesses that have Internet liability insurance would have protection against claims that are brought due to the careless or premeditated actions of employees.

Employees may not be the only sources of information misuse within a company. News reports provide almost daily bulletins about companies whose customer files have been penetrated by hackers and identity thieves. In the modern age, even the best web security systems are vulnerable to attack. Companies can rely on Internet liability insurance to protect them from substantial losses.

Plagiarism

Large organizations produce a great deal of content. Unfortunately, some web developers and marketing professionals copy their content from the web or other sources and use it on their own sites or in their own article marketing campaigns. Plagiarized content could include:

• Literary formats
• Artistic formats
• Characters
• Performances

Even if an outside developer is at-fault, a company could still be held liable for plagiarism on its website or in its marketing campaigns. By obtaining Internet liability insurance, companies will ensure that they are not forced to turn over business or personal assets as part of compensation for plagiarism. You can use some of these tactics to protect your website from plagiarism.

Transmission of a Computer Virus

Companies may be hacked with malware or may accidentally transfer a computer virus to customers because they have taken inadequate security measures. Viruses may be accidentally transmitted to:

• Customers
• Suppliers
• Supporters
• Any other authorized user

Updating virus software usually takes a great deal of time and interaction with the IT department. This could cause end users to avoid updating, which could leave their systems vulnerable to attack. Businesses would be liable for malware and virus transmissions because they failed to make the upgrade, even if their intentions were for the good of the business at the time.

Internet liability insurance would pay for the losses incurred by clients without causing business owners to lose everything that they own. If you do any kind of business on the internet, it would be wise to have internet business insurance. Enter your ZIP code in our comparison tool to compare internet liability insurance quotes for FREE.

Comparing Online Insurance Quotes

To purchase Internet liability insurance, companies may either talk to an insurance agent or compare quotes online.

Comparing insurance quotes online allows companies to have at-a-glance information about the important features of different policies.

Online quotes may also be more affordable than quotes from an agent. When comparing insurance quotes, companies should look at the following policy elements:

Premium

An insurance policy premium is basically the monthly payment required to retain the policy. Some people tend to choose the company with the cheapest premium without considering other factors. As a result, companies could end up underinsured during a crisis. Ideally, companies should find the insurer who provides the most options for the least amount of money.

Reputation

In an emergency, companies need to know that their insurance company will be available to them and will fulfill the terms of their policy. Before choosing an insurer, customers should check out the company’s reputation and find out how long they have been in business. Business owners should consider paying a higher premium for coverage from a well-regarded insurer.

Deductible

The deductible is the amount that the customer has to pay before the insurance policy provides coverage for losses. Higher deductibles tend to mean cheaper premiums, but companies must have enough cash saved to ensure that they can pay a high deductible in the event of an emergency.

Coverage

Companies should look to see how much coverage an insurer offers for the price. Less coverage may mean lower premiums, but being underinsured in the face of catastrophic loss could be a business owner’s worst nightmare. Business owners should obtain sufficient coverage for their needs even if they have to pay higher premiums.

Time period

Most liability policies do not cover incidents that happen before a policy goes into effect. Companies should be aware that if their breach has already occurred, then purchasing a policy today will usually not pay for damages incurred in the past.

In the age of the Internet, companies open themselves to a whole series of new possibilities. Unfortunately, those possibilities also come with a sea of potential liabilities. Smart companies will add Internet liability insurance to their portfolios and will consider it to be just as vital as any other liability policy. Use our FREE comparison tool to compare insurance quotes from multiple companies for FREE!

While the pet gets blamed for accidents or injuries as a result of their behavior, it’s not always the pet’s fault. Many people buy or adopt a dog, but fail to provide the proper behavioral training. Without training, the dog will do “what comes naturally,” often with negative results. In addition, more families are bringing in dogs for security, based on the reputation of the breed.

Again, the dog needs to be trained to be a “security” dog. If an incident should occur, the dog may not be to blame. The owner is responsible for any damages or liability as a result. Use our FREE comparison tool to compare pet liability insurance. Enter your ZIP code now!

Who Pays?

Most pet owners believe their homeowners or renters insurance will pay for any liability or medical expenses incurred as a result of someone being injured by a family pet. Since the early 1990’s, however, more and more insurers are increasing premiums for pet owners. Some insurers are excluding coverage entirely for any liability incurred as a result of an incident with a pet. Read this for more information on how homeowners insurance works.

In light of this growing trend, many companies are now offering pet liability coverage.

While there are no laws that force owners to get coverage, some renters or homeowners policies exclude pet related injuries entirely or those caused by certain breeds.

Not telling your insurer isn’t a good idea either. If the insurer finds out you have a dangerous pet, they can cancel your policy or not cover the loss. Being upfront is the best idea.

Pet liability coverage is often thought of as “dog bite” insurance. Because “every owner is exposed to potential liability for dog bites and other canine-inflicted injuries” (dogbitelaw.com), owners should check with their agent regarding coverage. Nearly one-third of all claims made on homeowners or renters insurance are related to dog bites.

What’s Considered Dangerous?

Owners of the following types of pets should give serious consideration to obtaining pet liability insurance:

• Snakes
• Monkeys
• Potbellied Pigs
• Pit Bulls
• Rottweilers
• Chow Chows
• Doberman Pinschers
• German Shepherds
• Akitas/Siberian Huskies
• Staffordshire Terriers
• Wolf Hybrids

While mixed breeds are usually considered more well-mannered by pet professionals, insurers often exclude dogs with any of the above breeds mixed into their lineage. Enter your ZIP code for FREE pet insurance quotes!

Liability Approaches

States generally have one of three (3) approaches to legal liability regarding a pet owner’s responsibility should a pet be responsible for another’s injury. These are:

• Automatic Responsibility. Owners are assumed to be responsible regardless of the situation. However, the courts will consider whether the animal was provoked while reviewing the case.
• One Bite Rule. Owners are given a pass the first time the animal bites.
• Owner Negligence. Owners do not act in a responsible manner while controlling their pets.

Policies can be written to specifically cover injuries due to bites on an owner’s property. Amounts can be written for $100,000 per incident up to a maximum of $1,000,000. Owners need to be aware that while the coverage pays the liability, it does not absolve them of legal responsibility.

Premiums for pet liability coverage are generally minimal compared to the lost of paying for a loss out of pocket. According to beneficialfinance.net, premiums are generally $100 – $200 annually. When covering dogs, premiums are often rated based on the breed and the dog’s history. If the dog has a history of aggressive behavior, the premium could be higher. Agents who specialize in pet liability coverage often visit the home to see the pet(s) in person. They may also contact the vet to get additional history on the pet.

Pet liability insurance will not only provide protection on your own property, but it also provides protection for damage incurred to a neighbor’s yard or fencing.

Should your dog jump the fence and dig in the neighbor’s yard, you’ll be covered. Policies will also replace clothing or glasses damaged as well as other property (i.e., toys) and any medical expenses as a result of an injury.

Policies can cover a set number of bites or events or pay a specified amount per incident. States can require specific coverage based on the animal or breed. It is helpful to remember that not all claims will be incurred because of a bite. Even the most well trained dog can jump on an unsuspecting visitor causing them to fall and get hurt. Pet liability insurance covers these and other types of claims as well.

What’s Needed for Coverage

To ensure that you get and keep your pet liability coverage, owners need to keep the following in mind:

• Obedience training certificate
• Fenced and/or secured area outside the home
• Current license
• Neutered males or spayed females
• Vaccinations kept current
• Always keep your pet on a leash when not in the yard

While most pets are as good natured as their owners, even the best pet can cause an accident or injury. Most dogs aren’t vicious, but they are territorial. If they perceive a threat to their pack or territory, they will defend it. Purchasing pet liability insurance is a great way to protect man’s best friend.

Enter your ZIP code in our FREE comparison to compare pet insurance quotes.

You might think that you have a completely new invention that no one has ever thought about, so there is no way someone could try to sue you for infringing on another invention. The truth is that this insurance can help keep you from going bankrupt.

In the mean time, we can help you save money on your patent insurance when you enter your ZIP code in our comparison tool for FREE patent insurance quotes.

What is Patent Insurance?

Patent insurance is a type of insurance that protects you if someone takes you to court over your invention. The common court case for a patent can cost over $1 million, which is more money than most people have available. What patent insurance does is absorb most of those costs, so you only pay the insurance price and some other miscellaneous fees. For other things, you should look into intellectual property insurance.

Why Do I Need It?

Most companies are in a race to make products quickly enough to satisfy customer demand. Due to this, two or more competing companies may end up making similar products at roughly the same time. A regular patent search will not reveal this if the patent is not being filed, so there would be no way to know another similar product is being created.

When the other company sees your invention, they may sue over infringement, saying that you stole their idea. Instead of getting involved in a costly court case, the insurance will help you during this situation.

Power Struggles

Most of the time, someone will sue you over a patent because they honestly believe you are infringing on their patent. However, other people sue for a completely different reason. If you are an individual going against a big company, sometimes big companies will sue just to make you bankrupt so you can no longer compete. Unfortunately, without patent insurance, this plan can be very effective.

Bankruptcy can even affect your life insurance rates. Prevent all these problems by entering your ZIP code in our comparison tool for FREE patent insurance quotes.

How to Choose Patent Insurance

There are many areas to look at when deciding who your patent insurance provider will be. Here are some common areas to check:

• Copayment for lost cases
• Patents they protect
• Price of insurance
• If they protect liability and intellectual property costs
• Legal success rate

It’s very important to compare the different patent insurance companies, as no two offer the same thing. Many insurance companies specialize in certain patents, such as electronics patents or toy patents, and this can be useful when searching for the best provider.

Aside from the payments, you will also want to check copayment. This is the amount of money you will pay if you lose the case, or if the other side does not have to pay your legal fees.

The typically copayment comes to 1-5% for $1 million. While it keeps you from having to spend that $1 million on defense fees, you still have to pay around $10,000 to $50,000. Lower copayments are usually best, but make sure you are getting quality service despite a low copayment.

Denial of Insurance

Since it can cost so much, patent insurance companies will often check your patent before they decide to give you coverage. They will evaluate your patent for likelihood of being sued.

If your patent has a strong likelihood, you may be denied insurance. This is why it is important, before making an invention or getting a patent, that you ensure your patent is easily distinguishable from other patents. Otherwise, you may be sued and you will have no one to save you.

What Do I Need Before Getting Coverage?

Most insurance types require some type of paperwork before you get coverage, and patent insurance is no different. They don’t want to lay out the money for being sued, and they want to make sure you did all the proper work to get your patent. Here are the documents you will need:

• Proof of intellectual property search
• Proof of patent
• Any documents relating to patent

Without these documents, there is a high chance you will be sued since you didn’t take the right steps. Sometimes the insurance provider will be willing to perform these for you, or they will be willing to take you regardless. If you are taken though, you will have a very high premium.

Can I Get Covered While Being Sued?

This is why you need patent insurance immediately. Patent insurance will protect you only if you are not being currently sued, or if you are unaware of being sued. If you are being sued, then you will be turned down.

There are very few providers that will come to your rescue unless you file immediately. That is why comparing patent insurance companies now, rather than waiting until a court case happens, is so very important. If you claim to be unaware of a case when one is going on, you may have an additional fee on top of the patent case, so don’t lie to providers.

What If Someone Infringes on My Patent?

Usually patent insurance is meant for protection against being sued, but there is also pursuit policies that help you when suing someone who infringed on your patent. Much like when you are being sued, the legal defense fee can be astronomical when you are pursuing someone else. You may not even be reimbursed for the fees if the court finds the defendant not guilty.

When you are comparing patent insurance, look for pursuit policies, as they can be of great help. This type of policy rarely costs much more than other policies, so be sure to get it. For more things to do when defending a patent infringement, click here.

Final Thoughts

Patent insurance is very important for any type of inventor, scientist, engineer or anyone else who makes any sort of patent. You should not wait to file for a policy, because it may be too late by the time you do. There are plenty of patent lawsuits happening everyday, and regardless of what side of the fence you are on, this insurance will help protect your assets so you, your family and your company does not go bankrupt.

Start comparing patent insurance rates today, by entering your ZIP code in our FREE comparison tool to compare insurance quotes.

A wedding is one of the most important events of people’s lives; it should not be remembered as a catastrophe. There exist many potential calamities that could wreck the event. The bride or groom could fall ill or a plumbing or heating problem could close the venue for the wedding or reception.

Modern society supplies a number of potential disaster scenarios. Weddings are subject to cancellation due to unforeseen weather such as hurricanes or snowfall. Airports might be closed due to inclement weather or terrorist alerts. Military brides and grooms could find themselves deployed overseas before the assigned date. Wedding insurance was created to address these incidents.

Looking to buy wedding planner insurance? Enter your ZIP code in our comparison tool to compare FREE insurance quotes.

Who is Liable for Injuries at Weddings?

There are many documented cases of injuries and death caused by guests enjoying too much of a good thing. Many people may be implicated in cases of severe injury. These include the bride and groom, the people paying for the wedding, the event planner, the hosting venue, and the bartender that served the alcohol. Everyone involved should have suitable coverage for financial protection against catastrophe.

If you are the owner of the venue, you should look into premises liability insurance to protect you from injury claims on your premises.

Wedding Planners Require Extra Protection.

People who engage in wedding planning as a career are operating a business. These planners must take their professional responsibility seriously and obtain adequate insurance coverage for personal and company protection. Here is is what you need to know about wedding planner insurance.

Professional wedding planners that rely on client’s insurance coverage are taking a tremendous risk. Planners should research the types of coverage and make recommendations to the client and also obtain their own coverage for personal protection. A comparison of types of coverage and prices can be facilitated with online comparison engines.

If clients make their own arrangements, wedding planners can never be sure what is covered, and they could find themselves facing tremendous personal liability.

Event insurance is available as low as $75, and the price is easily incorporated into the planning fee.

Event Insurance Addresses the Needs of Planners and Clients.

Planning professionals can research coverage online to make intelligent comparisons and choose the kind of insurance most suitable for client’s needs and their personal protection. Coverage offers the following benefits.

• Choosing an insurer to recommend to clients affords reliable enhanced protection.
• Primary coverage protects planners and clients when both are named in a suit.
• The venue can be protected as an additional insured party. The confirmation can be emailed directly to the venue for convenience.
• If planners are both named in a suit, and the client is found at fault, insurance coverage can pay claims promptly without increasing planners’ liability rates.

Event Planners Rely on Three Types of Coverage.

A wedding planner’s clients can experience frustration trying to find insurance that satisfies some historic venue’s requirements. Planners should locate an insurance carrier that provides seamless client coverage at an attractive price. Reputable agencies will also furnish free brochures to give potential customers. There are three types of coverage that may be required.

Liability and Property Damage

This policy protects against personal injury and property damage that might occur during a wedding and reception. If alcohol is not served, then an insurance policy can be purchased at a reduced rate. The amount of insurance needed may be determined by the hosting venue. Most plans provide coverage increments of $500,000, $1,000,000 and $2,000,000.

Event Postponement or Cancellation

If an event is cancelled or postponed due to unforeseen complications, it could cause a tremendous financial burden. Insurance provides protection so that money is not wasted on vendors and deposits, travel plans, and other particulars.

Event Insurance Liability

If rehearsal dinners and other affairs related to a wedding do not occur within 24 hours, most wedding policies will not cover the event. Significant parallel events may require separate coverage.

Important Facts Planners and Primaries Should Research.

There are many questions that planners and primaries may need answered about particular insurers before making a decision to contract insurance coverage. These include the following.

• Some insurers do not have coverage in all states. Make sure the wedding venue is covered.
• Determine if the wedding, reception and rehearsal dinner are covered, and if there are time limitations.
• Find out about policy dollar limitations and whether there is a discount for combining liability and cancellation policies.
• Many companies can offer wedding insurance with only 24-hour notice. Quick policy approval may be essential in some cases.
• Most venues require primary liability coverage, so planners should determine the venue’s requirements.

Insurance Coverage is Essential to Guarantee Wedding Integrity

The type of insurance needed may vary according to the specific circumstances of a particular wedding. Basic insurance covering the cost of videos, photographs, presents, rings, wedding attire, and deposits can run from $155 to $550. General liability can be found as low as $75 for $500,000 coverage at events where alcohol is not served. The average price for $1,000,000 coverage with alcohol runs in the vicinity of $185.

Overlapping overage may not be needed. Check with vendors, caterers and hosting venues to see if they have their own coverage and ask for a copy of the policy to ensure it is up-to-date and meets an individual’s or wedding planner’s needs.

Wedding insurance has long been in force in Great Britain, but it has only come to the United States in the past decade. There are many specific carriers for wedding policies, and many homeowners’ insurance agents may have special event policies to consider. Simply enter your ZIP code into the FREE tool below to find and compare insurance rates!