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Insurance

Avoid Rejection on Life Insurance Claims with these 6 Tips
Insurance

Avoid Rejection on Life Insurance Claims with these 6 Tips

Before we get to claims, let’s understand what life insurance is. It is an agreement between an insurance company and a policyholder in which the insurer agrees to pay a mutually agreed sum to the beneficiary in the unfortunate case of the policyholder’s demise during the policy term. When such an unfortunate scenario occurs, the need of filing a life insurance claim arises. When it comes to claims, life insurance policies include several conditions and clauses which you must stay aware of beforehand. Here are six things you can do as a policyholder to ensure that your life insurance claims are taken care of in a smooth and hassle-free manner. Always pay your premiums on time. When it comes to life insurance, you should avoid a lapse in policy coverage at all costs. A sensible way to ...
What is form 1094 B
Insurance

What is form 1094 B

Form 1094B is a form that can be submitted by an insurance company or group health plan to report the number of benefits paid for individuals covered under a group health plan. It is used when calculating employee taxable compensation and must be reported on Form W-2. The Role of the 1095-B The 1095-B is a form that's sent to you by your employer. It provides information about the coverage you received from them, including: How Much Do I Owe? What kind of plan does my employer offer? What will be done with the money I pay for health coverage if I don't have insurance or can't afford it? You may be covered by this form if: You're an employee working for a company that provides health insurance to its employees (or former employees). It includes businesses like retail stores...
Contractor Insurance in Covid-19: Is it time to reassess your coverage?
Insurance

Contractor Insurance in Covid-19: Is it time to reassess your coverage?

Does your contractor insurance in Covid-19 times give you the coverage you need? Your circumstances may have changed.  Projects may be on hold temporarily. They may be moving slower than planned due to various restrictions. Some may have stopped altogether. Let’s look at why you may need to review your insurance and how you should go about it. Why review your insurance? In the normal course of business it is important to review your insurance regularly, at least on an annual basis.  Your needs could have changed.  Maybe you are now operating in a new location.  Your company could have grown and with more employees.  You could have bought additional equipment and tools.  Your business could even have gotten smaller and you have coverage you longer need. Contractors insurance in COVID-19 ...