The Insurance Family Blog

(Please also see our blog post Part 2 for this same topic.)

Did you know that your hobby may significantly affect your personal insurance needs? Hobbies often require a large investment in tangible property and may even create some legal responsibility to other persons or their property. 

Will flooding from Hurricane Irene prompt Congress to speed along the process to reauthorize the National Flood Insurance Program?  That is what property and casualty trade representatives are hoping.  The program is slated to expire the 30th of this month.  The problem is the conflict between Congress and the Senate.  The House passed a bill (HR1309) which would extend the program for 5 years and make rates sound, while the Senate has profoundly different views on how to proceed.

When setting up any business, it is vital that you choose the most appropriate, most beneficial, and most cost effective insurance solution to cover all of your needs. Each business and every industry has its own unique requirements because of the day to day activities involved in that business. Running a restaurant, for instance, requires liability insurance for employees and for customers. However, there are some aspects of restaurant insurance that you may not have yet considered. Fortunately, restaurant insurance can be tailored to meet all of the needs of restaurants, coffee shops, delis, bistros and similar businesses.

Back in 2010, legislation was proposed that would reward car insurance consumers for maintaining continuous coverage with discounts to their premiums, no matter who they had their coverage with.  That legislation failed to pass. 

Coverage

Liquor Liability Insurance for California restaurants and bars defends you against any charges of negligence related to the service of alcohol on your premises, and also indemnifies your business for any financial loss if you are found to be legally liable for any negligence.  As the owner, you are responsible for your patrons when alcohol is served to them under California’s Liquor Liability laws. 

If you are beginning to shop around for your child’s first car insurance policy, you’re probably already aware that it’s not unusual for student drivers to pay higher premiums. Young adults and students aged 15-24 are statistically considered a high risk group, especially young males, who almost always pay even higher costs. That said, there are some things you and your child can do to mitigate costs.

In a recent nationwide survey, industry experts have revealed some intriguing statistics about what Americans think might increase safety on our roads.  The majority of us think that the teen demographic poses the most danger on the road.  As a result, 60 percent of road users support a national law that would set the minimum standards for a graduated driver’s licensing program, which would hopefully also have an impact on car insurance premiums. Here are a few more findings from the survey:

In life, the only certainties are mortality…and uncertainty.  This oxymoronic truth abides with us all.  As mature California residents, we understand the natural limits of life.  We also know that there are ways to continue to provide for our families after we are gone.  After all, it is why we invest in life insurance.  It’s an investment in our family’s future.

For those sensible people among us, life insurance is something we all take out at some point. But is there a standard formula for life insurance premiums, or do Californians need to speak to a professional for advice? Is it better to take out term or whole life insurance? We examine the factors. 

If you own a local business in California, you’re probably already aware of the complicated nature of properly protecting your business from financial loss. Luckily Sutherland-Scherff is here to help make the process of organizing your business insurance that much easier. One of the more common types of business insurance is a business owners policy, which can be compared to a homeowners policy, but for your business.