Loyalty additions are paid as a one-time benefit in some policies in lieu of a simple reversionary bonus (SRB). The main difference is that, unlike the simple reversionary bonus, which becomes a part of the policy benefits as and when it is declared, loyalty additions shall be available to the policyholder only at the time of exit from the policy….
Program provides coverage for municipalities, schools and more Source link
Managing seasonal employees becomes crucial as businesses gear up for the busy summer season. From compliance with complex state and federal employment regulations to performance management, various aspects must be considered to ensure a productive and harmonious workplace throughout the summer months. Seasonal employees in New York are subject to the same regulations as other…
Electric bike insurance, or e-bike insurance, is an insurance policy to protect you and your e-bike in the event of an accident or a covered loss such as theft, vandalism, or damage to the bike itself. E-bikes can vary greatly depending on the type of motor your e-bike has and how fast it can go,…
Central’s large construction team is growing, and at the heart of this expansion is Brian Shaffer, construction underwriting specialist. With nearly 25 years of experience in insurance—most of it specializing in construction underwriting—he brings a wealth of knowledge, strong industry relationships, and a deep commitment to delivering value to policyholders and agents. We sat down…
This extra insurance called “Accidental death & disability rider” helps if the insured has a permanent disability or dies unexpectedly from an accident. It’s useful if you work in a high-risk job, do extreme sports or travel often. It helps you pay for medical expenses, lost income because of the accident, lump-sum payment for costs,…
3. Discovery sanctions Chenevert also sought attorneys’ fees and costs as sanctions, arguing that Allstate’s discovery objections were improper. However, under Rule 37 of the Federal Rules of Civil Procedure, Whitehurst declined to impose sanctions, noting that while the court partially overruled Allstate’s objections, there was no clear evidence of bad faith in the discovery…
As the back-to-school season approaches, many of us feel the shift in routines. Whether navigating new school schedules, coordinating drop-offs and pick-ups, or managing extracurricular activities, this time of year often brings changes for employees that can ripple into the workplace. For employers, it’s the perfect time to proactively remind staff about essential workplace policies—particularly…
With the popularity of Electric Bikes, it’s important to understand the rules. According to the Colorado General Assembly the following is how E-bikes are treated in the state of Colorado.Each County or City have additional rules and restrictionsFor the City of Boulder visit: HEREFor the City of Louisville visit: HERE The different types of E-bikes…
At Central Insurance, we understand construction businesses’ unique safety challenges. That’s why we’re dedicated to providing comprehensive risk management solutions to protect your team and your bottom line. We’re excited to introduce Shawn Gentry as our new loss control construction specialist to enhance our commitment to your safety. With over a decade of hands-on experience…
In conclusion, LIC’s Jeevan Kiran Plan (No. 870) emerges as a beacon of financial security, catering to the diverse needs of individuals and families alike. With its flexible premium options, policy terms, and substantial life coverage, the plan paves the way for a stable and prosperous future. The unique maturity benefit, which returns the total…
The Meet the Executive Series welcomes Sun Life’s Irlande Audenier, in association with NAAIA. In this interview, she talks about her career journey, how to attract more talent from the African-American community, and what she would change about the insurance industry. Source link
Moving from Summer to Fall brings many changes: back to school, leaves changing colors, football, cooler weather, etc. It’s also a time to prepare your home and auto for the colder months ahead. Here are some essential tips for homeowners: 1. Clean Your Gutters – remove leaves and debris to prevent clogging, which can lead…
With deer season upon us, your chances of hitting a deer are much higher during fall months. Stay safe while on the road with these tips from the University of North Carolina Highway Safety Research Center. 1. Be cautious while driving during dusk or dawn Deer are most active during sunrise and sunset, especially during…
Homeowner associations (HOAs) play a crucial role in managing the 28.2 million housing units in the U.S. From maintaining shared spaces to enforcing community rules, as an officer or board member with an HOA, your responsibilities come with unique risks that require proper insurance coverage. Without the right policies, HOAs like yours could face financial…
Description: ‘Sum Assured on Death’ plus accrued Guaranteed Additions, payable if the policy is in force. In LIC’s Jeevan Utsav Plan 871, the “Sum Assured on Death” is a crucial component of the death benefit. It’s essentially the guaranteed amount paid to the beneficiaries if the insured person passes away. This sum is the higher…
It’s insurance policy v insurance certificate when contractor has serious accident Source link
Massive shifts have transformed workplaces and the world, including the insurance industry. From the advent of AI and digital innovations to evolving customer expectations, each era has brought challenges and opportunities within the insurance industry. Spanning multiple generations, the CH Team has talented people with unique perspectives and skills. While our beliefs may differ, the…
Regular inspection: Check for droppings, chewed wires or nesting materials. [2] 2. Clean the RV exterior Routine cleaning can prevent the accumulation of dust, mud, and other harmful substances that could lead to potentially costly repairs. This is particularly important for the roof of your RV, which should be inspected and cleaned before storing. Also,…
As a contractor in the Midwest, you know the challenges that come with the job—unpredictable weather, long winters, and the need for solid coverage to protect your business and employees. The risks can be significant whether you’re working on a commercial build or a smaller residential project. At Central Insurance, we understand these challenges and…
• Number of Claims Settled: 9,22,207 •Amount of Claims Settled: ₹19,327.63 crore •Claim Settlement Ratio: 98.52% •Repudiation Ratio: 0.87% •Pending Claims Ratio: 0.08% •Analysis: LIC continues to dominate the life insurance market with the highest number of claims settled and a substantial amount of payouts. Its high claim settlement ratio, coupled with a low repudiation…
“Clearing dead plants, removing wooden furniture, (these are) things people might overlook outside forested areas,” said Heron. “There will be more focus on how homes are rebuilt and the materials used, especially roofing. If a roof isn’t fire-rated to a certain degree or is past a certain age, insurers may change terms, offering actual cash…
Ready for a CHange? CH Insurance is expanding our team in 2025! Team Strength Have you ever heard of the “OLIVUS” principle? Our Corporate Storyteller, Angela Moonan, has worked on it with our team for many years. At the heart of the OLIVUS Principle rests the notion that all of us are better together, than…
As a college student, we know there’s a lot on your mind as the school year approaches. From meeting new friends and gaining independence to writing research papers and eating (sometimes questionable) food in the dining hall, the last thing you want to worry about is insurance. We’re here to help you understand how renters…
Contractors and their work are vital to the nation’s economy. In 2024, the construction industry contributed approximately $2.2 trillion—around 4.5% of the nation’s GDP. With over 8.2 million employees, the sector is essential for job creation and economic growth. In the Northeast, where infrastructure projects, urban development, and historic renovations are common, construction plays an…
LIC’s Jeevan Dhara Plan is a robust and flexible retirement solution that caters to a wide range of needs. Whether you’re looking for an enhanced pension, a return of premium, or a combination of both, this plan offers options that can be customized to fit your lifestyle and financial goals. With guaranteed benefits and the…
Move bolsters presence in high-growth sectors Source link
As we begin a new year, I want to take a moment to reflect on the incredible work we’ve accomplished together and share my excitement for what lies ahead in 2025. At CH Insurance, our foundation rests on our employees, our clients, our carrier partners, and our community. These pillars shape every decision we make and…
Your Yard’s Health. The more the leaves pile up and begin to break down, the more difficult they’ll be to clear away. If it snows before you’ve had a chance to rid your yard of them, they’re likely to stay on your lawn all winter, where they’ll block sunlight and encourage the growth of mold…
The truck repair industry is crucial in maintaining the U.S. transportation infrastructure by ensuring commercial trucks remain operational. As demand for reliable freight transport grows, the industry has seen steady expansion in recent years and is expected to continue its upward trajectory. Operating a truck repair shop involves servicing large vehicles such as on-highway, vocational,…
