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Keep up-to-date on your insurance terms and knowledge with the below information.

 

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I Owe How Much? Court Rules WC Insurer Can Charge for Independent Contractors

Workable solutions to perceived problems are generally the result of compromise.  This was true in the early years of the 20th Century when business owners and organized labor sat down with government leaders and negotiated the U.S. version of our Workers Compensation system.  Payment for workplace injury was guaranteed by business in return for employees giving up the right to sue their employer.  

 

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Homeowners Endorsements/Policy Riders

The standard homeowner's insurance policy has several optional coverages that many people are unaware of. Below is a list of several of the more common optional coverages called endorsements. This list is by no means all-inclusive and you should both read your home insurance policy, and consult your agent for a full list of optional endorsements.

 

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Rent Your Home, Void Your Insurance Policy?

We all know that you can rent part of your house on a permanent basis and all of your house on an occasional basis and still have MOST of your HO insurance intact. But what if you rent all of your house on a more permanent basis? Clearly, there's no liability coverage, but surely there's coverage if your house burns down...or is there?

 

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Hidden Estate Planning Mistakes That Have Horrible Consequences

Imagine your spouse is ill, and you meet with an estate planning attorney to get your family affairs in order. Your attorney drafts a trust document and a will. You and your spouse sign it. You think everything is fine. 

 

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Employees in Work Comp: Two Key Work Comp Questions

Workers' compensation, as a coverage, is simple. A worker gets hurt, the work comp policy pays – theoretically; that's the simple part. The more complicated areas of workers' compensation involve the state laws and legal doctrines applicable to workers' comp.

 

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Commercial

State Continuation Required for Fully Insured AZ Medical Plans

Starting in January 2019, all employers offering fully insured group medical insurance, even groups of one employee only, must begin offering continuation coverage in accordance with AZ Senate Bill 1217. All new fully insured plans must start offering this option, as of January 1, 2019. Plans that renew after December 31, 2018 must comply with this law as of the date of renewal.

 

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Insuring Commercial Tenant Lease Requirements

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Insuring Volunteers – Commercial Lines

Many organizations use volunteers to transport kids and senior citizens or provide personal services in homes or medical facilities. How are these uncompensated volunteers treated from a coverage standpoint compared to employees? When it comes to workers compensation, you may be in for a shock.

 

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Understanding the Difference between Insurable and Compensable Business Income 

Business Income coverage is unique because the factors used in calculating the amount of protection the insured is required to purchase differ from the factors used when calculating the amount of compensation owed/paid following a business-closing loss.  Because of the different calculation methods, there is a difference between “insurable” business income and “compensable” business income. 

 

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What is Employment Practices Liability Insurance (EPLI)?

EPLI covers businesses against claims by workers that their legal rights as employees of the company have been violated. The number of lawsuits filed by employees against their employers has been rising. While most suits are filed against large corporations, no company is immune to such lawsuits.

 

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E&O Insights: Directors & Officers Liability Is Not Your Normal Insurance Product

If you asked 100 insurance professionals on the agency side what one line of business “scares” them the most, it’s likely that directors and officers (D&O) liability would be at the top. The lack of standardization of policy forms contributes to this anxiety. In addition, lack of real experience or expertise, coupled with the potential for significant judgments, make this a product to be respected and not taken for granted.

 

To read the whole article, click here.


High and Dry: How Will Legal Marijuana Impact Workers Comp?

Medical Marijuana is legal in 29 U.S. states plus Washington, D.C., and recreational is legal in seven states and D.C. "And there's no end in sight-there will be other states".  At a time when the opioid crisis continues to make headlines, some docto

 

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PAP Coverage for "Meals on Wheels" Deliveries

I have an insured who delivers Meals on Wheels. One of our companies tells me that it is ineligible for their personal auto program due to the delivery exposure.

 

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Personal

Uninsured Motorists Clause

To read the whole article, click here (Part 1) (Part 2) (Part 3)


Insurance and Joint Custody of Kids

In situations where you are concerned with legal exposure as a legal guardian, know where to draw the line between insurance advice & legal advice.  Asking the right questions will get you where you need to be.

 

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Questions to Ask a Contractor

When a home construction or renovation project goes wrong, it’s often because the home owner chose the wrong contractor. Asking these questions can help you find the right one…

 

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Boat

News from the Front Lines: Insurance War Stories That Make You Go, “What?”

What an industry we chose! We get to see the good, the bad, the ugly, the stupid, and the utterly ridiculous. This is the stuff of legend and it reminds us why we must pay attention.

Following are some real-life war stories from insurance professionals from around the country. There is a lot that can be learned from the weird reality in which we live. Names have been changed or left out completely to protect the innocent.

To read the whole article, click here


Rental Watercraft Exposures

In many cases, persons using watercraft own them and rely on a boatowners or yacht policy. But, in many other instances, they rent them or are just using them. In this article we'll look at some serious exposures presented when your clients rent sailboats, houseboats, jet skis, or other watercraft and have only their HO policies to rely on.

To read the whole article, click here.


Boat Docks and Windstorm Damage

Hurricanes and storms can bring numerous claims involving damage to boat docks and piers, along with numerous claim denials. Weather-related claims to boat docks are common elsewhere in the country. While most policies cover windstorm damage, why are these claims often denied? For the answer to this question, and an often overlooked reason why coverage isn't triggered at all, keep reading....

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Boat Policy Claim…No, All Insurance Policies and Adjusters Are Not the Same

Q: “I am having a claim problem. A client had a pole barn collapse with the snow load. He was storing two very nice boats in the building. One is a fishing boat the other a very nice pontoon. The first problem was they had to be removed from the building and finding a place to store them the balance of the winter proved to be difficult if not impossible. This is in a very rural area. The best solution was to store them outside and shrink wrap them. The adjuster said they will not pay for this. I could find no language in the boat policy stating the insured has a duty to protect the property or anything like that.

To read the whole article, click here.

 

 

Health

Avoid These 5 Big Medicare Mistakes

Medicare beneficiaries often make costly mistakes during the annual year-end “open enrollment” period during which they are allowed to make adjustments for the following year of coverage. Five common mistakes…

 

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Better Way to Plan for Retirement Health Expenses

Soaring health-care costs can wallop consumers as they get older, even though some expenses remain stable.

 

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American health care is so messed up that a whole industry has been created to help navigate it

‘It’s a time sink’: Many consumers don’t have the tools to dispute confusing medical bills and more employers acknowledge it’s all too complex

 

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Financial

10 Things Everyone Should Know About Credit Scores

The last time I got up in front of a group to talk about my job, no one had questions for me. It was a high school career day a few weeks ago, and the students stared at me blankly as I dropped words like “personal finance,” “credit scores” and “debt.” I could tell they thought my work wasn’t exciting, that the topics I write about are boring. Everyone was happy when the bell rang to end my session.

 

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Debt Collectors Are Digging Up Old Debts 

Collection agencies often buy up delinquent loans and unpaid bills from many years ago and then demand payment from the debtors. But the “zombie debts” these collection agencies try to bring back to life often are so old that consumers have little memory of the bills and whether they were paid. 

 

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Opinion: Tax Collection Scams are going to get worse 

I’ve written about tax-related crime for years, and have always offered this fail-safe rule to avoid tax scams: If you ever receive a call from the IRS about back taxes or any other money you supposedly owe the government, hang up because it’s a scam.

 

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How to Protect Your Assets from Creditors and Lawsuits

Your personal assets are vulnerable to the claims of creditors, the government, individuals who might sue you, and, perhaps, an ex-spouse. What can you do to protect them? Here are sound ways to use the tax law and other means to protect your assets…

 

To read the whole article, click here.

 

Our Locations

MDIC Insurance

MDIC Insurance

2170 McCulloch Blvd N
Lake Havasu City, AZ 86403
Main office: 928-766-5608
Fax: 928-453-7921

Office Hours:

Mon: 8:00 AM - 4:00 PM
Tues: 8:00 AM - 4:00 AM
Wed: 8:00 AM - 4:00 PM
Thurs: 8:00 AM - 4:00 PM
Fri: 8:00 AM - 12:00 PM
Sat: Closed
Sun: Closed
Closed from 12-1 for lunch
MDIC Insurance Bullhead City

MDIC Insurance Bullhead City

3774 Hwy 95 #3
Bullhead City, AZ 86442
Main office: 928-788-0050
Fax: 928-788-0045

Office Hours:

Mon: 8:00 AM - 4:00 PM
Tues: 8:00 AM - 4:00 PM
Wed: 8:00 AM - 4:00 PM
Thurs: 8:00 AM - 4:00 PM
Fri: 8:00 AM - 12:00 PM
Sat: Closed
Sun: Closed
Closed from 12-1 for lunch

Our Providers

Testimonials

Accommodating, professional, helpful, and quick. Very comfortable experience and I was impressed by their capabilities. Highly recommended.
- Brad M.
I feel lucky to have found an agent willing to provide this level of service. No need to look anywhere else!
- Michelle D.
Over the years we’ve never once had to worry about our coverage. My husband and I are long-time customers and proud to be.
- Carol S.
Surprisingly flexible and in-touch with my needs as a small business owner. Can’t ask for more.
- Spencer F.
They have strong ties with the community, and it shows. It’s nice to do business with people that really show they care about you and your family.
- Susan T.