> Professional liability Often called “malpractice insurance” or “errors and omissions coverage,” these policies protect professionals such as accountants, lawyers, doctors, dentists, pharmacists, insurance brokers and agents, and consultants, for negligence that injures their clients.
> Long-Term Disability (LTD) Long-term-disability plans provide income for an individual who cannot work because of an illness, disease, or non-occupational injury. Most plans require that the individual be a full-time employee for at least one year before the disability coverage applies.
> Flood Coverage for damage caused by floods is not included in ordinary homeowners and commercial policies, but must be added as an endorsement. Flood insurance, which also covers damage caused by mudslides, is available through a program run by the Federal Insurance Administration; contact your agent or call (800) 427-4661 for more information.
TUESDAY, Dec. 12/2006 (HealthDay) More Americans are forced to spend more of their family income on health care, and more middle-class Americans are joining the ranks of those spending a disproportionate share of their budget on such expenses, a new study finds.
An estimated 50 million Americans under the age of 65 live in families that spend more than 10 percent of their family income on health care, an increase of more than 10 million people over the past decade.
"We know health-care costs are rising, we know premiums are rising to reflect greater health-care costs, but we didn't know how they're actually affecting family's budgets," said study co-author Jessica Banthin.
"There's been a large increase in the number of people living with these kinds of financial burdens," added Banthin, director of the division of modeling and simulation at the Agency for Healthcare Research and Quality, part of the U.S. Department of Health and Human Services.
Carol Pryor, a senior policy analyst at The Access Project in Boston, which works with local communities to improve health and health-care access, said, "This reinforces findings that have been accumulating about the increasing amount of medical debt and the financial burden that goes along with it. We can be sure some expenses are turning into debt. This has access consequences as well as serious financial consequences, such as using up savings or not being able to pay for food or utilities."
Health-care costs have been outpacing the rest of the U.S. economy for years.
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There are several areas of risk that you should consider if you operate a business in your home.
These include: Business-related personal property coverage (computers, furniture, etc.) Inventory Off-premises coverage for business-related personal property Business property of others accounts receivable (up to a specified limit) Liability coverage may include personal injury, products and completed operations, incidental contractual liability, and general commercial liability. Electronic data processing coverage Valuable papers Business interruption and extra expense
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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 Read more >
Mar 02, 2007 - The Medigap Insurance Company When you have a Medigap policy, the insurance company must pay your doctor or provider directly when:
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 Read more >
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