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August 24, 2010  
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  Insurance Advisors Hot Topics
 

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Insurance Advisors Terms


  > Destroyed or damaged records
If your business records are destroyed or damaged by a covered peril, this insurance will compensate you for the inability to collect income and for the cost of reproducing the records.
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  > Workers' compensation
Most employers are required by law to provide workers' compensation insurance through a state system operated by the Department of Labor & Industries. Worker comp pays an employee's medical expenses and provides some income replacement when a worker is injured on the job.
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  > COBRA Benefits
COBRA stands for “Consolidated Omnibus Budget Reconciliation Act of 1985,” which requires companies with 20 or more employees to offer separating employees the option to continue their group health-care coverage at their own expense.
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   Minnesota Insurance Advisors & Nationwide News:

Mass Mutual Life Insurance Company Establishes Major Aid Program

(Springfield, Mass.) - MassMutual Financial Group announced today a major relief effort designed to aid victims of Hurricane Katrina. Among the key provisions: Massachusetts Mutual Life Insurance Company (MassMutual) will make a $250,000 donation to the American Red Cross to aid efforts to help the victims of Hurricane Katrina, and will significantly and temporarily expand its employee matching gift program to enable eligible employees and sales representatives to have their donations to the American Red Cross and the Salvation Army double matched by the company.

In addition to the donation to the American Red Cross, MassMutual's employee matching gift program has been expanded to allow MassMutual to match employee contributions to the American Red Cross and the Salvation Army on a 2-for-1 basis. For example, for every dollar sent by MassMutual employees to the American Red Cross or Salvation Army, MassMutual will match that gift with $2. This program will continue for the next 60 days.

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If you live in the following cities and need an Insurance Advisor or to get a quote, you should contact our Minnesota Insurance Advisors today:

  • Andover
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Did You Know?    
 
 
About property and liability exposures
If you operate a home-based business – either part-time or full-time – you might be uninsured for coverage and not realize it. Many home-based business owners mistakenly believe that their homeowner policy will provide coverage for their business operations. It’s true that your homeowner’s policy may provide a limited amount of coverage for business-related personal property in the home. But it may not provide full coverage for the added property and liability exposures that the home business represents.

 
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Latest News
  Latest Insurance related news in Minnesota and nationwide: Mar 02, 2007 - Group Insurance Coverage
Most Americans get health insurance through their jobs or are covered because a family member has insurance at work. This
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Mar 02, 2007 - Growth In U.S. Health Care Spending Slows
Despite the slowdown, the share of household personal income spent on health care rose from 5.4 percent in 2001 to 6 perce
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Jan 18, 2006 - Progressive Group, Drive Insurance Company
NEW YORK (January 12, 2006) — Drive® Insurance from Progressive ("Drive") Group President Bob Williams ra
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