Going back since more than 20 years ago to the late 1990s, I was licensed as an insurance producer in all 50 states and the District of Columbia. It was – and still is – tough to be called a small business compensation and benefits expert without also being an expert in insurance. I was […]
In the past many small businesses avoided carrying workers’ compensation insurance. In the future, more small firms will carry this insurance. This blog post is meant for small employers who are facing this issue for the first time. This is a big risk facing the smallest unsuspecting employers. What is changing? State laws have always […]
‘Assurance’ based on technology is nice but it does not include the financial risk shifting of insurance or the legal force of a contract. I recall writing a blog post years ago about how health insurance was morphing into a web app. Consumers seemed unaware or unconcerned of the distinction between a legal contract that […]
Superstorm Sandy hit us in October 2012 – almost 4 1/2 years ago. My world has never been the same. On the day before the storm I was a ‘normal’ small business person with decent cash flow, bills paid, a little money in the bank, adequate business capital, and good credit. All of that changed […]
If you are a first time homeowner with a variable rate mortgage then there’s a good chance that your payment will increase by the maximum amount this year because of rising interest rates. To help offset the burden on these already strapped homeowners, the FHA planned to reduce the mortgage insurance rate by 1/4 of […]
Do you hate worker’s compensation insurance audits? You are not alone. This is an annual time-waster for many small business owners. There is an easy fix. Let me attach the worker’s compensation to you payroll system and a small amount is calculated and withheld each pay period. This eliminates the need for an annual audit […]
I’m excited to review a revolutionary way for individuals to purchase cheap regular term life insurance that does not involve the obstacles or gimmicks that we have come to expect. It’s quite simple really, mostly just a leap forward in the insurance industry’s level of technology deployment to deliver what consumers demand. This blog post is […]
It’s funny how life works sometimes. Earlier today I put put out a blog post on the topic of business networking vs. paid referral services that said “…my primary source of revenue over the entire span of my working career as an independent accountant has been paid reviews or endorsements of some type…I do not do […]
Lately all of our public attention on highway safety seems to be focused on the issue of distracted driving, specifically smartphone use while driving. Yet the National Highway Traffic Safety Administration’s data indicates that other driver behaviors like speeding, intoxication, drifting, running intersections are seven times more likely to get you killed than distracted driving. […]
This article about buying life insurance on the local Patch website is an excellent example of how media is blurring the line between journalism and advertising. It’s a great business strategy but perhaps not so great for consumers. The article points out a very basic and valuable strategy on buying life insurance or any other […]