Home business boom requires new coverages

Article Abstract:

The home-based business market is one of opportunity for insurers, because homeowners' policies do not generally cover either business property or individuals working at home. There is a limited number of policies available in this market, but their premiums are relatively high. Therefore, a trend is slowly developing whereby some insurers, including Aetna, are introducing home business endorsements to their homeowners policies. Such endorsements typically cover business property, business income loss and personal injury and damage. However, professionals would also want to consider buying separate professional liability insurance.

Innovations, Column, Insurance policies

---

Be a treasured resource for home-based businesses

Article Abstract:

Small home-based businesses can provide insurance agents with the opportunity to provide many services or make many referrals because the business owner typically does not have the time or expertise to make insurance purchases without assistance. Property and casualty insurance is essential, and automobile, machinery and specialty coverage may be warranted, including business income insurance. For employees, agents can suggest life insurance and health care plan coverage and can suggest appropriate profit-sharing and pension options.

---

Crop insurance law makes fertile ground

Article Abstract:

The Federal Crop Insurance Reform Act of 1994 will help boost the market for multi-peril crop insurance (MPCI) since it eliminates relief spending for natural disasters that destroy crops. Also, the law requires all farmers participating in USDA monetary programs to obtain MPCI. However, the law sets the price of MPCI at $50 per crop per county, with a maximum fee of $600. Insurers can boost earnings and profitability by selling additional crop insurance.

Regulation of Agricultural Marketing and Commodities, Crop Insurance Programs, Agricultural subsidies, Farmers, Crop insurance

Similar abstracts:

• Abstracts: Insurers still reluctant to improve salaries. Does tort reform make sense? Insurers get rewards out of helping parents
• Abstracts: Program business feels alternative market's lure. Alternative markets: attracting wider following. Alternatives devour a primary marketplace
• Abstracts: Using outside counsel cost-effectively. Smaller insurers take on the big guys. Insurers and lawyers unified on mediation
• Abstracts: Winning the game. Banks face sales barriers as agents lobby states. Davids vs. Goliath
• Abstracts: Retirement benefits in the 1990s: 1998 survey report. Retirement benefits in 1995: KPMG's third annual survey findings

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.