What is malpractice insurance?
What Is Malpractice Insurance? Malpractice insurance is a specialized type of professional liability insurance designed to protect professionals, particularly in healthcare, from lawsuits involving negligence, errors, or failure to deliver expected services. In simple terms, if someone claims your professional actions caused harm, malpractice insurance helps cover legal costs, settlements, and damages, protecting your career, […]
Bureau of Workers Compensation – What It Is and How It Works
What Is the Bureau of Workers Compensation? The Bureau of Workers Compensation (BWC) is a state-run agency responsible for administering workers’ compensation insurance programs. These programs provide medical benefits and wage replacement to employees who get injured or become ill due to their job. Each U.S. state has its own version of the Bureau of […]
SFM Comp – Workers’ Compensation Insurance Explained
What Is SFM Comp? SFM Comp is a term many people search for when looking for information about workers’ compensation insurance, often related to SFM Mutual Insurance Company, a well-known workers’ compensation carrier in the U.S. While many small businesses think workers’ compensation is complex, SFM Comp simply refers to coverage designed to protect your […]
When Did Auto Insurance Become Mandatory?
When Did Auto Insurance Become Mandatory? Auto insurance first became mandatory in Massachusetts in 1927, making it the first U.S. state to require drivers to carry liability coverage. Over time, almost every state adopted similar laws, with New Hampshire and Virginia as the two exceptions where auto insurance is not universally required. Key Points Massachusetts, […]
Primary & Non-Contributory: What It Means in Insurance
Primary & Non-Contributory: What It Really Means in Insurance The term primary & non-contributory refers to a requirement in insurance contracts where one party’s insurance policy pays first (primary) in the event of a claim, and the other party’s insurance does not have to contribute (non-contributory). This wording is common in contracts involving contractors, vendors, […]
What Is Interested Party in Renters Insurance?
What Is Interested Party in Renters Insurance? Additional paid-up insurance is a rider in whole life policies that lets policyholders reinvest dividends or make extra contributions to buy fully paid permanent coverage. These paid-up additions increase both death benefit and cash value, and they don’t require ongoing premiums. Key Points Uses dividends or extra payments […]
What Is Additional Paid-Up Insurance?
What Is Additional Paid-Up Insurance? Additional paid-up insurance is a rider in whole life policies that lets policyholders reinvest dividends or make extra contributions to buy fully paid permanent coverage. These paid-up additions increase both death benefit and cash value, and they don’t require ongoing premiums. Key Points Uses dividends or extra payments to buy […]
What Is Supplemental Dental Insurance?
What Is Supplemental Dental Insurance? Dental care is an essential part of overall health, but even with standard dental insurance, out-of-pocket expenses can add up quickly. That’s where supplemental dental insurance comes in. It’s designed to fill the gaps that a primary dental plan doesn’t cover, helping reduce unexpected costs. Quick Answer Supplemental dental insurance […]
What Is a Named Insured in Insurance?
What Is a Named Insured in Insurance? A named insured is the person or entity listed on the insurance policy who has full rights and protections under that contract. They are the policyholder responsible for premiums, policy changes, and claims. Understanding the Named Insured Insurance policies can be complicated, full of terms that sound similar […]
What Is Supplemental Employee Life Insurance
What Is Supplemental Employee Life Insurance and How Does It Work? Supplemental employee life insurance is optional life coverage you can buy through your employer to add to the basic group life insurance they provide. It increases the financial protection your family receives if you pass away. Understanding Supplemental Employee Life Insurance Most employers offer […]
Is Personal Liability the Same as Umbrella?
Is Personal Liability the Same as Umbrella? No, personal liability and umbrella insurance are not the same. Personal liability is basic protection included in homeowners, renters, or auto policies. Umbrella insurance goes beyond, extending coverage limits and adding protection for risks not covered by personal liability. What Is Personal Liability? Personal liability is the standard […]
What Is Umbrella Liability?
What Is Umbrella Liability? Umbrella liability is an extra layer of insurance protection that extends beyond the limits of your standard policies—such as auto, homeowners, or general liability. It not only increases coverage limits but may also protect against claims not included in underlying policies, like libel, slander, or worldwide incidents. Why Umbrella Liability Exists […]
Is Excess Liability the Same as Umbrella?
Is Excess Liability the Same as Umbrella? No — excess liability and umbrella insurance are not the same, even though both provide extra coverage. Excess liability only extends the limits of an existing policy, while umbrella insurance can extend limits and broaden coverage by adding protections not included in underlying policies. Key Points Excess liability […]
Professional Indemnity and Public Liability Insurance
Professional Indemnity and Public Liability Insurance Professional Indemnity (PI) insurance and Public Liability (PL) insurance are two of the most important policies for businesses and professionals. They often get confused, but they cover very different risks. Understanding both ensures you have full protection against claims that could threaten your finances, reputation, and business continuity. Key […]
Does Medicare Cover Occupational Therapy?
Does Medicare Cover Occupational Therapy? We will search the top carriers for you for the best offer. Get a Quote Does Medicare Cover Occupational Therapy? Yes, Medicare covers occupational therapy (OT) when it is medically necessary. Medicare Part A covers OT during hospital or inpatient stays, while Part B covers outpatient OT services. There is […]
Does Medicare Cover Nutrition Counseling?
Does Medicare Cover Nutrition Counseling? We will search the top carriers for you for the best offer. Get a Quote Does Medicare Cover Nutrition Counseling? Yes, Medicare covers nutrition counseling, but mainly for people with specific conditions such as diabetes, chronic kidney disease, or those who have had a kidney transplant in the last 36 […]
Does Insurance Cover HRT
Does Insurance Cover HRT (Hormone Replacement Therapy)? We will search the top carriers for you for the best offer. Get a Quote Does Insurance Cover HRT Does insurance cover hormone replacement therapy (HRT)?Yes—many insurance plans do cover HRT when it is medically necessary and FDA-approved. Coverage depends on your specific plan type, diagnosis, and whether […]
Does Medicaid Cover Therapy for Adults?
Does Medicaid Cover Therapy for Adults? We will search the top carriers for you for the best offer. Get a Quote Does Medicaid Cover Therapy for Adults? Does Medicaid cover therapy for adults?Yes—Medicaid covers many types of therapy for adults, including mental health counseling, substance use disorder treatment, and physical, occupational, and speech therapies. Coverage […]
Does Medicaid Cover IV Therapy?
Does Medicaid Cover IV Therapy? We will search the top carriers for you for the best offer. Get a Quote Does Medicaid Cover IV Therapy? Does Medicaid cover IV therapy?Yes—Medicaid can cover IV (intravenous) therapy (including home infusion) when it is medically necessary, but coverage varies significantly by state. Many programs require prior authorization, a […]
Does Medicare Cover Spinal Decompression?
Does Medicare Cover Counseling for Depression? We will search the top carriers for you for the best offer. Get a Quote Counseling for Depression? Does Medicare cover counseling for depression?Yes. Medicare covers counseling and therapy for depression when they are medically necessary and provided by eligible mental health professionals. Medicare Part B includes outpatient counseling, […]