With the exception of a few states, such as Virginia and New Hampshire, auto insurance coverage is mandatory across the U.S. For this reason, a majority of American car owners carry auto insurance, which costs about $1,400 annually on average, according to a recent study by Business Insider. The actual cost of your auto insurance coverage will depend on various factors, including, among others, your driving history, gender, age, type of car, and the amount of coverage you need. For example, teen drivers pay higher premiums since insurance carriers generally perceive them to be high-risk motorists.
The Insurance Information Institute (III) recommends reviewing all your insurance needs, including commercial insurance, at least once every year. This is important because it gives you a chance to insure your underinsured and uninsured property fully, avoid over-insurance, and even lower some insurance costs. Commercial insurance review is necessary, especially when your business has experienced significant changes such as increased or reduced costs, revenues, and risks.
Keeping this in mind, here are five instances when you should review your business insurance.
1. You’ve Implemented Risk Mitigation Strategies
If you have implemented the necessary risk mitigation strategies […]
Studies by Statista report around 80% of Americans keep their smartphones close to themselves most of the time, while about 72% of them check their phones at least once every hour. These statistics show how addictive smartphones and other electronic devices, such as tablets and laptops, can potentially be.
The bad news is that excessive use of technology can cause problems such as distraction, depression, eye strain, isolation, and in the long run, hearing loss, as reported by Medical News Today. Moreover, this digital addiction is one of the leading causes of heated arguments between parents and teenagers, accounting for […]
Every year, nearly 41 million people die globally from non-communicable diseases such as cancer, diabetes, and heart disease, as reported by the World Health Organization. Fortunately, good lifestyle choices can prevent around 40% of these deaths. To get you started, here are five ways in which you can maintain good health:
1. Participate in Physical Activities Regularly
According to the Center for Disease Control and Prevention, the risk of non-communicable diseases is significantly lower for people who exercise frequently. Physical activity improves an individual’s well-being by offering countless health benefits, that include:
• Visible weight […]