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You work for a daily living. You work so you can pay the mortgage, run a car, put children to school and meet everyone the other day to cover daily expenses. But what if your income stopped? Sometimes, it happens to some people and there are chances that you just might fall into that category, through no fault of your own. You can be affected by the proverbial bus, or you can suffer a serious and debilitating disease that takes you out of the work for some time.

There are many statistics demonstrating that the chances of something happening to you to hinder you from working and earning money during a period are quite high. The sad reality is that most people automatically couldn’t suppose that they will suffer from either illness or accident. Read more…

Fortis is claiming to be the UK’s first leading personal lines insurer to invest in a new suite of computer models that can predict the relative risk of claims for a number of insured perils across the country.

The Perils Insight suite from Business Insight can give a detailed perspective on the distribution of risk relating to household insurance.

Using the latest available information on the weather, the economy and the local environment, the suite can identify areas most likely to experience a deteriorating loss ratio across a range of perils. <

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Aviva has highlighted the risk that flooding poses to businesses, and the importance of having adequate business insurance in place.

Aviva business insurance is advising businesses on what measures they can take in order to reduce this risk of flooding, and emphasises how business insurance providers should evaluate policies on an individual basis and to ensure that premiums reflect the level of risk at a property, rather than basing them on a business’ post code.

Ian Shelley, technical manager for property at Aviva, said: “Helping our customers to better understand the risk posed by flooding to their business, and the measures which can be taken to reduce them, is vitally important to us.

“While it may not be possible to eliminate the risk of flooding altogether, many practical steps can be taken to reduce the risk of flood damage, particularly if a business is in a high risk area.”

Aviva says that figures show at least 2.5 million properties in England and Wales are at risk of flooding from overflowing rivers or the sea, with one million of these also at risk of surface flooding, in addition to a further three million also at risk of surface flooding. Read more…

Business owners really need insurance to protect their investments and valuable assets, especially if it is a small business, because there are numerous factors that can ruin the enterprise and turn all of your efforts into nothing overnight. Business itself in essence is connected to a lot of risk, but when a small business uses loans and credits for day-to-day operations, any financial loss no matter what causes it may be devastating both for the business and the individual behind it.

Looking at all the risks involved it is evident that insuring a business is a must. Small business owners need special protection in six key domains that pose special risk for any enterprise: property, liability, worker compensation, autos, theft, and capital.

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I recently signed up for AAA emergency road service, and I’ve already benefited from it.  I signed up because I have an older motorhome that I was worried about breaking down.  Sure enough, on a recent trip to the Grand Canyon, it broke down 60 miles from the nearest repair facility.  I gave AAA a call, and they took care of me.  They sent out a tow trunk and found a good RV repair shop.  They paid for the tow which was many times more than what I paid for the AAA membership.  The representative that I spoke to on the phone was very friendly and helpful.  Thanks AAA.

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