4 Ways Workers’ Comp Can Impact Your Personal Finances

Getting injured on the job can have some serious implications for your career, personal life, and finances. For severe injuries, you may struggle with the downtime as you recover. What’s more, your workers’ compensation claim may be delayed or denied depending on several factors. A workers’ compensation claim can cause substantial financial difficulties as you may not be able to work because of the injuries. Here are four ways in which workers’ comp can impact your finances and how you can safeguard your finances.

What Happens to Your Finances When You Go out on Workers’ Comp

Workplace injuries can and do happen to many people each day. While those who work in high-risk or dangerous jobs are more likely to suffer from a workplace injury, the reality is that issues like falling, tripping and more can happen to any worker at any time. Workers’ compensation insurance is designed to help injured workers pay for their expenses while they are recovering from an injury. However, it is important to understand more fully what happens to your family’s finances when you are out on workers’ comp. This understanding may inspire you to take action to address a possible issue before you find yourself in dire financial straits.

Health Insurance Options for Unemployed Workers

Health Insurance Options- Finding yourself without a job is stressful. There are many decisions to make when you are unexpectedly laid off, and the worries are overwhelming. Healthcare – or lack thereof – often tops the list of concerns for the newly unemployed. Although many people automatically opt for COBRA coverage after learning that their […]

How Redundancy Insurance Can Help You Cope With the Risk of Unemployment

Editor’s Note: In the U.K. unemployment insurance is called redundancy insurance and it is available from private insurers. In the U.S. although there is State Unemployment Insurance it is difficult if not impossible to find supplemental (private) unemployment insurance although John Hartline, an insurance industry veteran, tried to get insurance companies to provide it, as reported […]

Does Usage Based Car Insurance Offer a Route to Lower Rates?

Usage-Based Car Insurance For most American drivers, car insurance is not only legally mandated but is a real necessity. However, it’s now becoming possible to sign up for as pay-as-you-drive, or usage based car insurance. If you don’t drive very much, it can give you lower rates. However, there are certain things to know before you […]

Keeping Worker’s Compensation Insurance Affordable

How Business Owners Can Keep Worker’s Compensation Insurance Affordable – With the recent hits to the economy, changes in law, and other sorts of changes in the workplace, costs of maintaining workers compensation insurance for companies, and in particular for small businesses, are rising unpredictably.  Some of this can be caused by your state’s assigned […]

Life Insurance Benefits

Company Life Insurance One of the most essential parts of financial planning is buying the right types of insurance policies. Some companies provide employees with life insurance as a benefit. Usually it is Term Life insurance and it is based on a multiple of your annual salary. For example, it could be as much as five […]

Making a Decision: Individual or Group Life Insurance Policies?

Individual or Group Life Insurance Policies? These days it seems everyone is planning for their future. From choosing the right career, to when is the right time to have a family, there will be choices that will ultimately reflect things to come. One of these choices is choosing the right life insurance option for you […]

The Top 5 Health Insurance Companies

Finding The Right Health Insurance Company With fewer jobs in the country due to a poorly performing economy and many large companies moving jobs offshore to reduce costs, many US residents have taken it upon themselves to open up their own small businesses. Naturally, these entrepreneurs are looking to find the best health coverage for themselves as […]

What is Co-Insurance?

CoInsurance: Definition Coinsurance is a tricky term to define because it can mean different things depending on which type of insurance you are talking about. It is most commonly used in health insurance and commonly means the percentage of the total health care bill that you as the insured will have to pay. In other words […]