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Tag: insurance

Benefits Of Group Health Insurance Plans

Today, the insurance industry is one of the most booming industries in the world. Most of the people in the world are having health insurance. This is somehow important too as you never know when mishappening takes place.

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At the time of misery, all of your medical bills would be paid off by the insurance company, only if you are having health insurance. If in case, you are not having an insurance plan, then you can visit at and get yourself covered.

There are various choices in the health insurance industry in today’s time and you can choose one service provider as per your requirement. Choosing the group insurance plans is one of the beneficial investment as compared to individual insurance plans. Here are some of the benefits of a group health insurance, if you get it done by one of the certified health insurance companies.

Group health premiums are subsidized by the employer

Generally, if an employer contributes around 50% of the employee’s premium plan, then by this way the employee could opt for a group health insurance plan than going for an individual plan. Once the dependants are able to qualify enough, then they can opt for individual health insurance plan.

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Group health premiums for large families are the same as for small families

As it is known, you would have to pay a separate premium for health insurance for each family member. One of the best options is to get them all involved in your employer’s plan and by doing this you may even find a better health insurance plan at a cheaper rate.

Group health insurance in most states is guaranteed issue

If any of your family members are not able to get individual health insurance plan due to some medical condition, then you can get them covered under your employer’s group insurance plan.

Related imageThese are some of the benefits of having group health insurance plan. You can try this website and know more about group health insurance plans.


Detailed Information about Product Liability Insurance

Product liability insurance
It is also known as general liability insurance and normally included as part of public liability insurance. If you are a businessman and selling products to your customers, it is important for you to protect your business against claims or injury or damage that may arise from these products. Liability insurance is a part of Amazon product insurance.

Strict liability: It is a liability in the absence of negligence. It is not based on fault. A claimant can claim the product liability suit against the manufacturer by providing all of the following:

i) The product has a defect that was dangerous.
ii) The product injured the customer
iii) The injury occurred when the customer was using the product.
iv) No changes were to the product after it left to the seller.

Product seller: Most of the liability suits are filed against manufacturer some are also filed against product seller. Product seller involves retailer, resellers, distributors and wholesalers. A seller may be responsible for an injury to the customer if the seller helped the product to the consumer.

Damages: Customer in liability insurance suits may receive compensatory damages which include payment for medical expenses, pain and suffering and loss of income. Customer may also receive penal damages and attorney’s fees.

If the customer suffered same injuries from the same product then the group of product liability claims may be merged with a class action lawsuit. You can consider Amazon general liability insurance because it is helpful to protect your small business from things like accidents and other mishaps.

Insurance coverage: Product liability is covered by a general liability insurance and it includes bodily injury, coverage A and property damage liability.
Some businesses that make hazardous products for example pharmaceuticals and insecticides may face difficulty in obtaining liability coverage from a standard insurer.

Product liability coverage rates: Liability coverage rates depends on the nature of the product. Low-hazard products are less expensive to insure than the hazardous product.

The premium policy period is based on your estimated sales. When your premium conducts an annual audit your insurer will adjust it. You may receive a return premium if your actual sales are less than projected sales and you may get extra premium if your actual sale is more than the estimated sale. You may visit this website to get more information on product liability insurance.