If you own a business that entails production and marketing of goods to the consumers, we particularly suggest you obtain product liability coverage. This type of insurance coverage protects the seller or the producer against any liability due to malfunctioning or defects of the product claimed by the final customer. For you to fully understand the significance of this coverage, we’ll provide you samples of claims which different vendors or manufacturers often encounter:

1) Malfunctioning or defunct product –These claims can be filed against producers due to errors or defects during the manufacturing process which in effect makes the final product defunct or unsafe to use.

2) Defects in design – Such…

The current economic downturn indeed affects a lot of people. Some we can say are prepared but some, unfortunately, is too late. Do not let this happen to you. We all know that our nation is not in a stable condition right now. The recession indeed produced a negative impact that a lot has to endure. No one is financially safe right now but there is no need to panic. All you have to do is avail of payment protection insurance.

What does it do? This specific policy will aid you in case you become one of the unlucky individuals to be laid off from work. Other than that, it can…

In a public hearing held at Tamarack last Tuesday night, it was very clear that the public is against the proposed premium increases and benefit cuts in PEIA coverage. Over a hundred people came out to speak up their distress over the proposed policy changes, which is to increase annual deductibles by $50 and raise out-of-pocket maximums by an average of $1,500 annually.

Delegates Rick Moye, D-Raleigh, Linda Sumner, R-Raleigh, and Sally Susman sat among the common people all through out the hearing. Unfortunately seven of the PEIA’s nine finance board members were missing in action. Chairman Robert Ferguson and Joshua Sword were the only two in attendance and this cause…

During these times of economic downturn, most people try to find ways on how they can generate extra money. Unfortunately when every penny counts, even the bad course will do. According to insurance companies, there’s a budding number of frauds they have to take care of. Given that there’s also a vast number of claims, scams are hardly noticed. Nonetheless, swindlers do not just get a free pass on these occasions. In fact, every insurance company has its own special investigation unit, which is usually comprised of people who have experience working in law enforcement.

Here are some suspicious scenarios you might want to avoid and samples of acts swindlers try…