Can an employer terminate an employee while they are receiving workers' compensation benefits?

Employers cannot fire an employee in retaliation for filing a claim. However, employment can be terminated for legitimate business reasons, such as company downsizing or an employee’s inability to return to work after full recovery.

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How long must I hold a policy before it gains surrender value?

Most policies require a minimum holding period, often two to three years, before they acquire a surrender value, depending on the insurer and policy type.

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How do I obtain an E&S policy?

E&S policies are purchased through licensed surplus lines brokers who match clients with insurers specializing in high-risk coverage.

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What does health insurance typically cover?

Health insurance covers medical expenses such as doctor visits, hospital stays, prescription drugs, preventive care, surgeries, and emergency treatments. Coverage varies depending on the plan and provider, and policyholders may have to pay deductibles, copayments, and coinsurance.

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What does an insurance adjuster do?

An adjuster investigates the claim by inspecting damages, interviewing witnesses, reviewing records, and determining the compensation amount based on policy terms.

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How much does employer liability insurance cost?

Premiums depend on factors such as business size, industry risk level, location, number of employees, and claims history. High-risk industries typically have higher premiums due to the increased likelihood of claims.

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What are the advantages of Universal Life Insurance?

Advantages include flexible premiums, a customizable death benefit, potential for cash value growth, and the ability to adjust coverage as life circumstances change. It also offers potential tax-deferred growth on cash value.

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Can Insurtech help lower insurance costs?

Yes, by using automation, predictive analytics, and real-time data, Insurtech reduces administrative costs, improves risk assessment, and offers competitive pricing to policyholders.

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