Insurance is shifting the risk to someone or something that is more likely to be able to handle the catastrophic event.  People often insure their life through life insurance, their income through disability insurance, their business through business overhead insurance, etc.

Preventing Unnecessary Risks – 3 Ways to Protect Your Company from Loss

Running or managing a business has a multitude of risks associated with it. Whether you're the founder or an employee, every business decision we make must be taken seriously to avoid unnecessary loss. In business, it's impossible to completely do away with risk, but there are ways to protect yourself, your business, and your employees. Protect Yourself This is more important for those who own their own business. While it may feel at times as though you and your business are one entity, legally and financially speaking, you are not. It is imperative that you have separate lines of credit for you [...]

By |2018-09-24T14:40:43-04:00September 12th, 2018|Insurance|0 Comments

Different Types Of Insurance & Why You Should Choose Them

Insurance is a big industry, providing people much needed protection against paying out thousands or more if accidents or other incidents were to occur. In some cases, people end up taking out a payday loan because they don’t have insurance and an accident has left them in a financial mess. However, loans should only be taken out in a financial emergency and insurance can act as a solution to avoid having to opt for this. With the current insurance market offering an abundance of different types, it can be difficult to know which one you should opt for using and what they [...]

By |2018-09-24T14:49:28-04:00September 12th, 2018|Insurance|0 Comments

Travel Insurance Coverage

When making your travel plans, it can be overwhelming to think about the money being spent on the experience. Often times people opt out of travel insurance for this reason. Travel insurance is insurance that is intended to cover medical expenses, trip cancellation, lost luggage, flight accident and other losses incurred while traveling, Basically, it covers you for certain mishaps that could occur while traveling. Different plans offer different coverage and should be researched to make sure you are getting what makes sense to you and your family. Below we explore the different types of coverage that can be included in a [...]

By |2018-06-20T16:20:48-04:00April 7th, 2018|Insurance|1 Comment

Life Insurance for Millennials

Life insurance is a very important topic. Insurance that pays out a sum of money either on the death of the insured person or after a set period. It is basically designed to protect you and your family in the event of your passing. The problem is that many younger individuals do not think about this investment product because, obviously, they don’t think they will be passing any time soon and think they have time to establish financial stability. Below is an explanation as to why someone should still consider a life insurance product even if they are young. What is Life [...]

By |2018-02-12T21:42:34-04:00September 25th, 2017|Insurance|4 Comments

Reviewing My Life Insurance Policies

It has been almost exactly two years since I reviewed my life insurance policies.  I am not sure what it is about September which makes me think about the topic, but it seems that almost every 2 years I take a look at the topic. My Family's Life Insurance Policies I think it is important to understand and learn about the different types of life insurance policies.  I may be one of the few personal finance bloggers with permanent coverage (or at least one of the few that admit it) but these cash value policies are a part of my financial picture [...]

By |2018-03-01T15:15:31-04:00September 20th, 2017|Insurance|2 Comments