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Save money and get the right insurance coverage for your business with these tips. * Premiums for fire, casualty and burglary insurance on business property are all deductible for tax purposes as trade or business expenses. If a business taxpayer has a self-insurance plan, however, all payments into the self-insurance reserve will not be tax-deductible for purposes; the actual losses incurred by the taxpayer would be the deductions. * Premiums for life-insurance are tax-deductible. But premiums paid on a policy covering the life of an officer, employee or other key person are not deductible if the business is a direct or indirect beneficiary under the policy. Premiums paid on a life insurance policy of which the business is a beneficiary are not deductible, since life-insurance proceeds would not have to be included in taxable income when received by the company. Other Tips * Before speaking with an insurance representative, write down a clear statement of your expectations. * Do not withhold any important information from your insurance representative about your business and its exposure to loss. Treat the individual as a professional helper. * Get at least three competitive bids using brokers, direct agents and independent agents. Note the interest that the representative takes in loss prevention and suggestions for specialty coverage. * Avoid duplication and overlap in policies; you will be paying for insurance you do not need. * Ask your insurance firm if it's an "admitted insurance company." If so, it should have a solvency fund should a catastrophe put the insurance company in danger of going under. An unadmitted carrier has no such solvency fund. * The small businessperson should not consider any form of self-insurance. The pool of funds necessary to safely insure losses is extraordinarily large

Dyman Associates Insurance Group of Companie - In Part 2 of a three-part interview, T. Rowe Price's Christine Fahlund discusses getting the most out of Social Security benefits as well as longevity and long-term care insurance. Christine Fahlund, senior financial planner for T. Rowe Price Group (TROW), retired in May after 18 years with the firm. Before her departure, Morningstar's Christine Benz sat down with her to get her wisdom on creating a successful retirement plan. In Part 1 of the three-part interview, Fahlund discussed how to assess whether you've saved enough to retire as well as the benefits and pitfalls of working longer. In this section, she addresses lifetime income sources, including Social Security and longevity insurance. Continue Reading

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Dyman Associates Insurance Group of Companies Review: Forsikring utviklingen i 2014 2014 var en opptatt år for forsikring utøvere, lovgivere og jurister. Året tok en av deførste rettsavgjørelser angående tilgjengeligheten av forsikring for tap av data brudd.Det kom også med avklaring om når en assurandør kan (og ikke) avhengige politikkunntak etter urettmessig nektet å gi et forsvar. Domstolene også lagt bredden tilforekomster der forsikringsselskaper må holde administrative svaret omkostningene. 2014 også var ikke uten sin rettmessige del av lovgivende og regulatoriske utviklingen,slik som flom forsikring Reform Act av 2014, som behandlet de flom forsikringkostnadsøkninger som følge av Biggert-vann loven. Likeledes, året så introduksjon ogpassasje av lovgivning og regulering som krever minimum mengder forsikring forridesharing selskaper som Uber og Lyft. Hver av disse, og mer, er omtalt i den årligeoppsummering nedenfor. SØKSMÅL Dekning For brudd er ingen spill New York state dommer utstedt en av de første rettsavgjørelser angående tilgjengeligheten av forsikring for tap på grunn av et brudd. Zürich er Ins. co v. SonyCorp av er, nr. 651982/2011 (ny Sup. CT. 21 februar 2014). I Sony Corp fant prøvedomstolen at to forsikringsselskaper ingen hadde plikt til å forsvare Sony i tilfeller som følge av en 2011 cyber-angrep på Sonys nettverksom kobler brukere spille videospill. Fra en forsikring ståsted, var kritiske spørsmålet om krav rettet motSony etter bruddet involvert "muntlige eller skriftlige publikasjonen i noen slagsmateriale som bryter en persons rett til privatliv,"som kreves av policyen. Retten besluttet at dettespråket gjorde ikke gi dekning for Sony fordi den "muntlige eller skriftlige publikasjon... ble begått avhackere" og ikke av Sony. Bunnlinjen for retten var sine konklusjoner at policyennødvendig forsikringstaker "begå eller begå act" og at policyen "kan ikke utvides med tredjepartshandlinger." Sonys a