MGS Insurance Protection Blog
Just in 2016 alone, there was a record of 19 major floods in the United States. With around 7 trillion gallons of rain falling on Louisiana, this led to the damage of more than 60,000 homes and an estimated cost of damage of 30 million dollars. Floods can destroy your home or business. Thus, it pays a lot to know what you need to do before a flood comes.
Technology is continually evolving and changing the way people interact in a business setting. The traditional way of dealing with car insurance is through an insurance agent, a claims committee, and a helpdesk. However, the setting has changed in developed countries. Today, customers can get insurance online or file a claim with a mere click of a button. The insurer will then deposit the payment to their bank account. Here are some technologies that can potentially enhance and revolutionize the car insurance industry in the years to come.
According to the National Flood Insurance Program, a common denominator on 90 percent of US natural disasters is flooding. This report alone emphasizes how important getting flood insurance is.
When your source of income depends on your professional skills or the service you can provide, there are still chances of things going the wrong way, no matter how much you give the best that you can. Here is where Professional Liability Insurance comes in. This type of insurance covers lawsuits against your negligence or mistakes. This type is also known as Malpractice Insurance or Errors and Omissions Insurance.
Your property carries extreme weight on the survival of your business. That is why if you own a property for your business operation, you should have commercial property insurance for your business.
Why should you obtain a general liability insurance policy? Your small business will need protection in case any customer or client claims a personal injury or property damage complaint. Most companies with physical locations, whether an office or a shop, must have this type of insurance. But, for service providers or businesses without offices yet, there are still possibilities of damaging somebody else or their property (even intellectual).
General Liability (GL) Insurance is one of the most important types of business insurance. Through this, your business is protected from going into bankruptcy caused by several liabilities that are further discussed below.
Having your own business is everyone’s dream. Fulfilling this fantasy of being your own boss and answering to no one is one of the great things running your own “kingdom” entails. But as kings and queens would have to lord over a dominion, certain precautions have to be established to ensure defenses are in place. To dispel treats from invading foreigners. And ensure the survival of his reign.
One of the most crucial types of insurance you will ever need is home insurance. It is as essential as life insurance when it comes to safeguarding your finances. However, you need to understand your plan's coverage to get the most out of your policy. Each insurance policy has varying coverage levels, and the more extensive this is, the higher your premiums will be.
There is a lot of insurance coverage that we hear about, but most do not know the meaning of—what it does and how it works. We just know that it will give us protection from injury to losses and other unexpected events. As a car owner, you think that it is your responsibility to get insurance for your vehicle, but what exactly is the type of coverage you have? There are various types of car insurance that we should know so we can determine what we need and why we need it in the first place.