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The average annual rate for an auto insurance premium is $800. However, this number varies widely based on individual factors. Different risk factors that have been linked to accident statistics affect the final rate. These factors are often better at determining risks than analyzing individual driving records alone. While not all companies use every determining […]

One of the keys to managing risks when you first start a business is getting the right insurance to cover your operations, property and potential liabilities. Unfortunately, many business owners fail to update their policies and just renew them year after year even if the company has grown, expanded operations and facilities, and added new […]

Statistics have long shown that young drivers have car accidents at higher rates than the older ones. Lack of experience, overconfidence, underestimation of risk, social pressure and risky behaviors are generally seen as the primary explanations for these results. However, a recent study shows that distractions, especially cell phones, are playing an increasingly bigger role […]

Year in and year out, water and leak damage is among the top causes of claims against homeowners’ insurance policies, according to the Insurance Information Institute. Nearly 2 percent of homeowners file a water-damage-related claim every year with their homeowners insurance companies, making water damage the 2nd most common claims-generating occurrence in the industry, behind […]

Have you ever sent an employee out to pick up needed supplies? Offered to buy lunch for the crew and asked an employee to pick it up? Unless you only send employees who are insured to drive your company vehicles, you may be putting your business at risk. Your business may also incur liability if […]

As carmakers modernize their vehicles by employing more and more technology, cars have been getting safer and more difficult to steal. Besides self-driving technology, more cars are being outfitted with a keyless entry and ignition. But as these advances make our lives easier and our cars safer, criminals are adapting so they can continue stealing […]

Things go wrong on a regular basis on construction projects. That’s why contractor’s liability insurance exists – to protect everyone involved. The policy holder is assured that an honest mistake or oversight will not destroy a thriving business, and the client and other stakeholders are assured that no matter what foreseeable event might come to […]

When it comes to determining a car’s value for insurance purposes, there are several guidelines to help. Vehicle owners and insurers can use books such as Kelley Blue Book to help determine an accurate value. Insurance companies usually refer policyholders to a claims adjuster when they file claims. In addition to verifying the loss, the […]

In October and November of 2011, floods inundated large parts of central Thailand, including thousands of factories that made everything from automotive parts and hard disk drives to eyeglass lenses and air conditioners. In addition to the human and economic cost in Thailand, the disaster affected businesses around the world. Carmakers in Detroit shut down […]

Determining who is legally responsible in an auto accident requires pinpointing who the negligent party is. In most cases, common sense can be used to determine fault. However, most drivers who are victims in accidents do not know exactly which laws are broken by the at-fault party. This makes it more difficult to prove a […]