Insurance Archives - MKTPlace https://mktplace.org/category/insurance/ all about trading, Fintech, Business, AI & technology in one place Wed, 12 Oct 2022 16:16:13 +0000 en-US hourly 1 https://wordpress.org/?v=6.7.2 https://mktplace.org/wp-content/uploads/2021/03/favicon.png Insurance Archives - MKTPlace https://mktplace.org/category/insurance/ 32 32 Should Business Owners Call a Personal Injury Lawyer? https://mktplace.org/should-business-owners-call-a-personal-injury-lawyer/ Wed, 12 Oct 2022 16:15:09 +0000 https://mktplace.org/?p=47869

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If you are a business owner, a personal injury can set you and your business back by months or even years. As such, if you are in a vehicle accident or you have sustained an injury that is not your fault, here is a guide that can help you to decide whether calling a personal injury lawyer is the right option for you. Should business owners call a personal injury lawyer?

Loss of Business

One of the main reasons why a business owner should call a lawyer if they have sustained a personal injury is because a personal injury can prevent business owners from working or running their businesses for a long time. If they do not have anyone to delegate to or hand the business over to temporarily, their business may have to shut down, which can leave them with a great loss of income and future income. It can be incredibly difficult to build a business’s sales and customer base back up when they have been shut, which can then mean that the business will not survive in the long term. Additionally, business owners may still have to pay out a certain amount on rent and utilities for their company, even if it is not open, which means that any closure of their business can lead to a dramatic financial loss. Then, business owners should call personal injury lawyers from companies like the Horst Shewmaker law firm as soon as possible so that they can get the compensation that they deserve, including compensation for their loss of work.

Long-Term Physical Injuries

A personal injury might not only affect you in the short term and your recovery may not be linear. As such, any personal injury can leave you unable to do business in the future or run your business alone, especially if you run a business where you are required to put in a lot of manual and physical labor. This can then impact your ability to own and run your business in the future, as well as impact your quality of life. This can lead to mental health issues such as depression, especially if the business owner in question has just achieved their business dream or has been an entrepreneur their whole life. As such, a lawyer can help them to recover and get back on their feet by helping them to get the money that they need for medical care, and by allowing them to feel as if they are fully supported throughout the time in which they are getting better.

Not your Fault

If your personal injury was not your fault, for instance, if you were in a car accident that was caused by the other driver or were bitten by a dog, then a personal injury lawyer can stop you from blaming yourself and can ensure that you can get a settlement or take the other party to court successfully. This can then ensure that you can tie up loose ends and look to your future, instead of the past, with all the compensation that you deserve if the other party’s insurance company is refusing to pay out.

]]> Tips to get the most from your insurance policies https://mktplace.org/tips-to-get-the-most-from-your-insurance-policies/ Thu, 31 Mar 2022 15:27:29 +0000 https://mktplace.org/?p=47548

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An insurance policy is a contract between an individual and an insurance company. It is meant to protect the person from the financial impact of specific events that are considered to be risks. An insurance policy is also called an indemnity or liability contract that protects the insured from financial loss due to various events such as death, disability, or property damage.

Making a claim

Before we get into the tips on what policies you may need, you may want to consider using the services of public insurance adjusters who will act on your behalf to ensure you get the best outcome when you need to make a claim.

Understand what is covered

Most people don’t read the fine print on their insurance policy, which can be a costly mistake. You need to read it thoroughly and know what coverage you have and what is not covered. Sometimes, exceptions are made, and they are not listed in the policy. Some common costs that an insurance company may try to exclude from your claim include pre-existing conditions, cosmetic work, self-inflicted injuries, and intentional losses like theft or vandalism.

Know your policy limits

Insurance won’t cover all of your expenses. Don’t borrow against your insurance policy or expect it to save you in every case of illness or injury because there will be a limit on how much it will payout.

Exercise caution during claims

Sometimes, people need to act quickly to protect their insurance. They will have a deadline by which they have to exhaust all other options before filing a claim. An example of this is if you need to make a claim before your policy expires or you need to file the claim within a short time frame. You should ensure that you are making the right decision when doing this and you know what your other options are.

It is worth reading the details of your insurance policy and finding out all the complex rules that govern what you can do with it should something bad happen. Read the contract and understand the limitations of your coverage.

Always negotiate at renewal

You should always try to lower your premium or change the policy in a way that makes it more affordable. However, you will need to read your policy to find out if this is possible. Sometimes, they allow you to do this when renewing the policy by giving you a chance to change the deductibles before the renewal date.

The importance of auto insurance

We cannot forget the importance of insurance for your car. Consider for a second that you didn’t have your car because it was being repaired after a terrible accident. You’d have to rely on friends and public transportation to get to your destination. Or incur charges that you had not budgeted for. That is why auto insurance is essential.
If you cause an accident and it is your responsibility, you must pay for the damages to both your own vehicle and the other person’s car.
Others reasons: replaces a stolen car, fire protection, roadside assistance and discounts for good driving

Save receipts

If something happens that costs money and leads to a claim on your insurance policy, make sure you save all of your receipts as proof of payment. You should keep them in an organized manner that shows what was paid when because any documentation will help back up your claim and ensure that you get reimbursed properly.

Your insurance policy can make a big difference when you need help or have an emergency. It is worth taking the time to understand your policy and everything it covers. You will also want to understand the limits of your coverage and what isn’t covered. To get a better idea of what is available, talk with various providers to see if they have something better or different than what you currently have.

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