February 2021 - Udell Family Insurance

Alarming Auto Damage Claims Statistics That You Should Be Aware of

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Auto damage claims

A recent 3-year study from the Insurance Research Council shows that auto physical damage insurance claims have increased substantially in the last few years. The study looked at over 200,000 claims to identify different patterns in auto physical damage insurance claims. The study showed that the average payments increased 4 percent over the study period. The Consumer Price Index for maintenance and repairs grew 2 percent.

Increased auto damage claims are a common reason why auto insurance costs continue to rise. Analysts point out that vehicle technology continues to evolve, making it more complicated to assess issues regarding […]

Does My LLC or Company Need General Liability Insurance?

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liability insurance for llc

As an entrepreneur, you likely decided to start your business as a Limited Liability Corporation. Operating your business as an LLC can help protect your personal assets and provide other unique benefits that your company would likely not qualify for if it was classified as a corporation. However, you need to avoid the mistake of neglecting insurance. Here is a look at several reasons why LLC insurance is an asset.

Exploring LLC Insurance Coverage

Professional liability insurance covers you if you make a mistake or if you are dealing with untrue allegations. The policy covers you […]

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