Understanding Co-Insurance Penalties: How They Affect Your Insurance Claim
When it comes to insurance, especially health or property insurance, terms like “deductible,” “premium,” and “coverage limit” are often understood by policyholders. However, a lesser-known but equally important term is co-insurance. If you’re unfamiliar with the concept of co-insurance, it’s crucial to understand it—particularly the impact of a co-insurance penalty—and how it can affect your…
Read MoreWhy Does My Small Business Need General Liability Insurance?
Running a small business comes with a variety of challenges, from managing day-to-day operations to growing your customer base. Amidst the hustle and bustle, it’s easy to overlook something critical to the survival of your business: general liability insurance. This form of protection isn’t just for large corporations or high-risk industries; it’s essential for small…
Read MoreUnlocking Retirement Income: How to Use Life Insurance for Supplemental Income
As you plan for retirement, you might be exploring various avenues to supplement your income. One often-overlooked asset is life insurance. While primarily viewed as a safety net for loved ones, certain types of life insurance can also provide valuable income streams during your retirement years. Here’s how to leverage life insurance effectively for supplemental…
Read MoreAvoiding Disaster: The Risks of Insufficient Commercial Insurance Coverage
In the dynamic realm of business, uncertainties lurk around every corner. From unforeseen accidents to legal disputes, entrepreneurs face a myriad of risks that can threaten the very existence of their ventures. Among these uncertainties, having comprehensive commercial insurance coverage is not just prudent—it’s essential. However, the consequences of inadequate coverage are often overlooked, leaving…
Read MoreUnlocking Financial Security: The Advantage of MYGAs Over Bank CDs
In the realm of financial planning, individuals seek stability, reliability, and growth for their hard-earned money. Among the myriad of investment options available, Multi-Year Guaranteed Annuities (MYGAs) and Bank Certificates of Deposit (CDs) stand out as popular choices. In this blog post, we’ll explore the distinctive advantages of MYGAs over Bank CDs and how the…
Read MoreMaximizing Tax Savings: Why Small Business Owners Should Consider a SEP IRA Before Filing 2023 Taxes
As a small business owner, you wear many hats, from managing operations to overseeing finances. As tax season approaches, it’s crucial to explore opportunities to minimize your tax liability while maximizing retirement savings. One powerful tool at your disposal is the Simplified Employee Pension Individual Retirement Account (SEP IRA). In this post, we’ll delve into…
Read MoreUnderstanding and Navigating Insurance Premium Increases: A Message from the Dan Baze Agency
At the Dan Baze Agency, we pride ourselves on being proactive and transparent in our communication with you. As your trusted insurance partner, it is our responsibility to ensure that you are informed and prepared for any changes that may affect your coverage and finances. In recent times, you might have noticed that insurance premiums…
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