When Minimum Coverage Is Not Enough for Your Business

The name of the game in insurance is risk management. As a small information technology business owner or manager, you transfer the risk of loss to an insurance company in exchange for a premium. Of course you don t want to spend more on that premium than you have to; nobody does. But skimping on your liability insurance could cost you your business. Litigation costs are rising, particularly for IT companies. More and more businesses are completely dependent upon their software. If that software fails, the IT Company which supplied it is going to end up paying. But if that IT firm has the right professional liability coverage, then it s their insurance provider who does the paying.
So, are you one of the lucky ones who can get by with having only the minimum amount of liability insurance coverage? That depends on your assets but even more on your exposure. And if you re running a high tech business, don t count on it.
You need to consider both professional liability and general liability insurance. General liability insurance protects you in the event that your business is responsible for a bodily injury or the destruction of property. If your firm is open to the public or if your employees regularly interact with other companies or with the general population, you ll want to bump up this coverage. If the manufacturing of your product is hazardous, again, you ll want to raise your liability insurance. Most agents will be able to advise you on how much general liability insurance you ll need.
But in this modern world, only having general liability insurance isn t enough. It doesn t protect you against claims that your product failed or did not perform as advertised. And even if your product works perfectly, defending against a spurious lawsuit can easily cost you hundreds of thousands of dollars in legal fees. To protect you in these situations, you need professional liability coverage. Okay, but how much?
You need to consider where your product will be sold. With the Internet, we often take doing business in a global marketplace for granted. However, most minimum coverage professional liability policies only apply to North America (assuming you reside in the United States). Furthermore, minimum coverage will not only have limits on the amount payable per case, but also on the aggregate amount payable per year.
A few court cases could put you over that limit. Let s look at this possible IT firm scenario:
Your software lacked adequate security and allowed hackers access to your client company s customers financial information case settled for $300,000 plus legal fees. Your software corrupted data in a client s database case settled for $700,000 plus legal fees. Due to your court cases, you cannot make a deadline in your contract to another business case settled for $500,000. Worst of all, your company s software does not live up to the extravagant claims of your salesman, and the case goes to a jury to determine damages judgment against your firm for several million dollars plus legal fees.
That s a lot of money, more than most small businesses could pay. While you hope that your product will perform better than the one illustrated above, liability insurance of any kind isn t about hope, it s about the realities of the industry.
About the author: James Cochran, owner of Techinsurance.com, is a web-based small business insurance agent specializing in the IT industry. Over 15 years of insurance experience, Cochran founded Techinsurance in 1997 to provide insurance products for IT professionals. Techinsurance has grown to become one of America s leading liability insurance and business insurance providers.



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How to Get Cheap House Insurance Rates Online

Looking for cheap home insurance rates online? Here& 39;s how to get the best prices with a major company.
House Insurance
House insurance consists of four distinct areas of coverage. They ...
1. Property coverage - pays to repair or rebuild your home if it is damaged by vandals, fires, broken water pipes or storms and other acts of God. Standard coverage does not pay for damage caused by hurricanes, floods or earthquakes, so if you want to cover these disasters that need to purchase additional insurance.
2. Liability Coverage - somebody else pays medical bills and property damage repairs when found guilty. This coverage also covers damage done by their family members living in their home.
3. Coverage for personal property - pays to replace any personal - clothing, furniture, appliances, electronics, tools, sports equipment, etc. - if damaged by vandals, fires, broken water pipes or storms and other acts of God. Standard policies do not cover expensive items such as jewelry, furs, or silver, so you may need additional insurance for these items.
4. Loss of use coverage - pay your hotel, motel and the restaurant bill, if you have to leave your home while it is being repaired because of vandalism, fires, broken water pipes, or the storms and other acts of the House Insurance nature.
Cheap Prices Online
The First thing you need to do in order to get a cheap home insurance online to comparison shop. You can spend half a day going from one site to a single company to the next, in order to obtain fees, or you can spend a few minutes in a secure website comparison of the fees for obtaining a security number companies.
At insurance site of the comparison process is simple. You fill out a brief questionnaire with information about your house and the amount of insurance you want, then wait for your quotes.
If you have any doubt, the best insurance comparison sites let you talk to insurance experts who can help. They also provide a " Articles ", where you can get advice from savings. (See the link below.)
To save even more on your insurance, be sure to get the highest deductible you can afford. Raising your deductible housing from $ 250 to $ 1000 can save up to 25% of their premium. Installation of security and safety devices such as deadbolts, burglar alarms, window locks, smoke detectors and also saves money. He oversaw the purchase of a home security system can save up to 20% at its insurance.
Last but not least, ask your insurer about discounts that are available and take advantage of them all.
Visit http: / / www.LowerRateQuotes. com / Landlords-insurance.html or click on the link below to obtain insurance rates cheap houses in line with the top-rated companies and see how much you can save. You can get more tips insurance Articles section.
The author, Brian Stevens, is a former insurance agent and financial consultant who has written a series of articles on the search for insurance rates cheaper houses online.



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How to Get Low Cost Maternity Health Insurance

15 percent of American women do not have health insurance and medical expenses maternal face of overwhelming, especially if there are complications, and medical. This is How to Get the possibility of maternal low-cost health insurance to save, financial disaster.
what maternal health insurance?
maternity health insurance, maternity health insurance plans to include coverage. You do not write the stand-alone health insurance plans.
you birth of the following types of plans to buy maternity coverage obtained: *
compensation plan can choose their The doctors and hospitals are the most expensive type of plan.
* Healthcare Management Plan (HMO management, specialty PPO region, pos) assigned to the case, the network, the hospitals and doctors and medical uses. These are the cheapest type of health insurance for pregnant women plans.
what cover?
standard health insurance policies to cover the cost of maternity doctor, your hospital fees, prescription drugs, please - I have basically all your e xpenses.
can obstetric medical and health insurance to obtain birth if I & 39; m is already pregnant?
private insurance companies will not insure pregnancy, and if the Medicaid health insurance, however, provide some states, such as intermediate or California& 39;s Cal program for low-income households. See your state the case, the maternal health insurance program for low-income, the state& 39;s Department of Insurance website.
if your visit to the maternal pregnancy does not state sponsored health insurance to qualify for the best You can do it, call your local hospital and negotiations can see if a lower fare than usual. Most hospitals will give you a discount if payment is cash.
where birth cheaper health insurance do I get?
the cheap pregnant women is the best way to obtain the health insurance compare to the website where you can get to go from multiple insurance rate quotes companies.
visit http://www.lowerratequotes. com / or health-insurance.html, click on the link following the birth rate to obtain health insurance quotes from top companies please refer to is how much can be saved. Insurance tips can be obtained, in the section of this article, we get to questions and answers, but they are using online chat insurance experts service.
the the author is BURAIANSUTIBUNSU , a former insurance agent and a financial consultant who has several articles written in the low-cost health insurance How to Get the birth. dido kamala



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Disability Insurance

What is disability insurance? " Social Security and Supplemental Security Income disability program is the largest of several federal programs that provide assistance to people with disabilities. Although the two programs differ in many respects, and are operated by the Social Security Administration, and only persons who have a disability and meet medical criteria may qualify for benefits under any program. " - Social Security Web site, June 2006
The Social Security office will want to check your history, to be sure you have for disability benefits. In the Social Security office is one way to obtain disability benefits, but in most cases these benefits will not be enough to significantly families.
Disability insurance can be obtained from any number of insurance companies. In case you are disabled, this type of insurance will act as financial protection. You will receive a percentage of your gross income on your disability insurance policy proceeds, which will allow its own financial safety.
You not have to go through the Office of Social Welfare remove disability insurance policy, and does not benefit from this policy. The Social Security programme of the disabled, not related to any disability insurance policy that you out.
" Individual disability insurance is indeed a basic concept. This insurance product is designed to replace anywhere from 45-60% of your gross income from the tax on a grant basis in the event of sickness or illness prevent you earn income in your occupation. Each disability insurance policy for each insurance company is different, it is not just a product to the store for the most competitive rates. To buy cheap disability insurance market is to throw money. The chances of receiving a monthly allowance is paid in accordance with cheap contract may be substantially less than the benefit from the quality of the treaty ". -- On the disabled Insurance web site, June 2006
Types Disability Insurance Most people are familiar with the two types of disability insurance: short - term disability and long-term disability. Short-term disability insurance is included as part of a package with many employers, and typically provides income at the beginning of the disability. Short-term disability insurance generally provides coverage in the next few weeks, and not to exceed two years term.
Long term disability, however, can last for several years. Such policies can be included as part of employment, social package, but many of those buying disability insurance policies individually.
As regard to disability insurance is, however, still more policies to learn about. One type of disability insurance is the Disabled Own Occupation-Insurance. Determination of the policy reads:
" inability to perform the material and substantial duties of your regular occupation, the insurance company will review your lesson, you will be engaged in the occupation at the time you were disabled, they will pay the claim even if you work in some other capacity & ; quot;.
Another type of disability insurance is Replacing Income Insurance. This is a very popular type of disability insurance, and most insurance agents are familiar with this policy. The language of this type of disability insurance reads:
" Because of the illness or injury, you are unable to perform the material and substantial duties of your occupation, and did not participate in any other occupation & quot;.
Common employee benefits packages, Gainful employment Coverage is another popular form of disability insurance. The language is worded very carefully:
" Because of the illness or injury, you are unable to perform the material and substantial duties or occupation, or any occupation for which you are considered sufficiently qualified in the field of education, training or experience.
Robert Insurance4USA.com reasonable cooperation, trade insurance quote services, in 1999. He was licensed insurance agents in New York State since 1990. larry fingal



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