Business Insurance

Debunking 3 Myths About Medicare and Home Health Care

Debunking 3 Myths About Medicare and Home Health Care

As you and your loved ones age, it is likely you will at some point question whether home health care is covered by Medicare. However, it can be complicated to ascertain what is and is not covered. Here are a few common misconceptions surrounding Medicare and home health care.

1. Home Health Care is a No-Strings-Attached Part of Medicare

A patient will need to meet certain conditions to qualify for home health care coverage under Medicare. First, the patient’s doctor must certify that he or she is homebound, in need of skilled care (including skilled nursing and therapy sessions) and qualifies for Medicare home health care. Additionally, the patient’s care must be managed by an agency with Medicare certification.

2. Home Health Care Includes Housekeeping Services

There are a number of things that Medicare will not cover for patients. These services can be, but are not limited to, 24-hour care, certain prescription drugs, housekeeping and meal delivery.

3. Home Health Care Does Not Include Social Services

Actually, Medicare will cover medical social services such as counseling. It will also cover physical, speech and occupational therapy for patients. Home health care resources are available for up to 8 hours per day and 28 hours per week. If you have further questions about whether home health care is covered by Medicare, consult your doctor and the resources provided by the Centers for Medicare & Medicaid Services (CMS) to obtain the best information for your family.

The Difference Between Captive Insurance and Mutual Insurance

The Difference Between Captive Insurance and Mutual Insurance

It can be a complicated experience to search for and find the right insurance company to meet your needs. In your research, you may come across captive insurance companies, often shortened to captives. On the surface, these companies may sound like mutual insurance companies, but there are a few differences.

Who Owns What?

The main difference between captives and mutual insurance companies lies in ownership. Captive insurance companies are fully owned and operated by their policyholders, whereas mutual insurance companies are owned by their insured parties but not controlled by them.

What Does That Mean?

When a mutual insurance policy expires, so does the insured party’s ownership in the company. On the other hand, captive insurance policyholders invest their own capital in the company. In doing so, they gain a voice to personally direct the running of the insurance company.

Why Choose Captive Insurance?

With greater investment opportunities in captives, insured parties can benefit from price stability, wider plan availability and lower costs than offered by other types of insurance companies. They also cite significant control of the company as a benefit. Captive insurance companies can provide the same traditional personal and property coverage offered by mainstream insurance companies, but with the added attractions of increased flexibility and participation in company decisions.

The Right Insurance from the Right Broker

Running a successful banking institution requires many different levels of employees with strong communication skills working together. After all, one small mistake can send the entire branch into an upheaval. Customers expect their accounts to be properly managed and customer service to be the strong suit of any bank that they’re in business with. Whether it’s increased economic risks, interest rate volatility or regulatory requirements, banks face quite a few complex exposures on a daily basis.


Finding the right solutions to manage these risks requires an insurance agent that understands the industry and can also anticipate when changes need to be addressed. One thing is for sure, and that is that Lending Insurance will alleviate many of the concerns that bank managers and owners have with respect to the exposures they face. An insurance agent should be able to determine exactly which products and services will serve you best, so examine their services carefully. Look for the company that can help you manage your claims, understands your exposures, addresses potential losses and maintains business continuity.


Finding the right insurer


When running a bank, in order to find the right insurance partner, look into that agency’s history. Do they have many years of financial institution experience in order to fill the needs of your business? Do they bring with them the scale and capacity to write risks of various sizes, types, or market focus? You need an agency that can offer you a broad range of property, casualty and specialty products, including coverages for management and professional liability, as well as cyber liability, inland marine, crime, D&O, workers’ compensation and many other risks associated with your line of work.


Whether you are a small community bank, or a national full-service institution, you’ll want someone who fully understands the multitude of challenges and unique exposures of the financial industry. You can best serve your customers and clients by staying ahead of emerging exposures. This starts by finding the right Lending Insurance solutions that fit your financial institution’s needs. Take the time to review the products and services available and give your business to someone you feel comfortable working with.


Manufacturers Insurance in Orlando and Equipment Breakdown

Manufacturing companies provide products for many industries across the US. Just about all corporations, large and small, rely on getting their merchandise on time from a variety of producers, so any delays can become a major issue that you, as a manufacturer, may face. When an equipment failure slows production or ceases operations altogether, you could lose valuable business, as well as face serious financial losses.


If for whatever reason, your operations are interrupted you’ll need equipment breakdown coverage as an essential part of your manufacturer’s insurance in Orlando, since it alone deals with this type of concern. It’s likely that you may not have backup equipment in place to complete the job, which brings up the question of how will you be able to deliver your orders?


Your coverage can help you find alternate facilities or allow you to rent equipment. Without insurance, either of these solutions will increase your costs. Many of your customers likely will not wait due to the fact that they have deadlines as well, so there’s a good chance that cancellations will occur, so you’ll not only suffer the loss of revenue but possible damage to your reputation as well. You need to have financial assistance in place to address these issues.


Types of mechanical issues you may experience


For many in the manufacturing industry, air conditioning and refrigeration represents the number one source of breakdown claims. Because many air conditioning units are located upon the roof, there will likely be the added expense of removing the unit for repair or replacement, which can be costly as well.


Boiler and pressure vessels are often a source of concern, especially if they have been in use for several years or longer. Boiler and pressure vessel accidents often occur due to defective welding, or in some cases, scale or sediment build-up. Employees can also become injured if near the point of failure of the malfunctioning equipment.


Many manufacturers also cite electrical systems as the reason for work stoppages, with components such as transformers, panels or cables short-circuiting, and since these items are generally interconnected, the excessive voltage in one component can lead to damage to several others.


In order to survive, from a business standpoint, you’ll need the protection of manufacturers insurance in Orlando that includes equipment breakdown coverage for all pertinent machinery in use at your facility.

PEO Insurance and Human Resources Outsourcing

Running a successful company requires a lot of diligence, as well as a strong core of management and employees in order to keep things running efficiently. Many companies must spend precious hours handling important issues like payroll, compensation, and benefits processing, along with the administering of vacation and sick time. All the while they also must keep up on changing regulatory compliance, data crunching, along with managing the keeping of company records, auditing and a lot of other time consuming tasks.

Companies known as professional employer organizations, or PEOs for short, are contracted by organizations looking to lighten the burden by outsourcing human resources (HR) as a way to allow them to focus on other pressing matters. This is particularly true of staffing agencies that must often work outside of the box. Having PEO insurance allows them to address issues related to working with a third-party provider.

Choosing the right PEO

Such an important decision should be considered carefully, and in order to make the proper selection it helps having an insurer familiar with this type of arrangement to assist with deciding on which choice will provide the most benefits. You need to ensure that you have the right fit between employer and PEO. You want to be certain of the level of service you can expect, the kind of insurance benefits this arrangement will provide, and make sure that the cost is well worth it.

As a small business owner, you’ll need to analyze the time normally wasted on non-revenue generating activities. Operating an HR department can be difficult, strenuous, and time-consuming. By freeing up your staff’s time to focus on more crucial activities, such as client requests and needs, you can strive to improve the quality of your products and services. Allowing time to engage in more marketing activities can really increase your exposure and potential earnings.

Consider how HR outsourcing will allow you to use that time saved and devote it to more important aspects of your business. This time can be spent sending out newsletters, posting on social media, even updating your blogs. By eliminating time-consuming activities that adversely affect your bottom line, you can focus on networking activities to generate more sales. This arrangement may come with added risks, but your peo insurance can help satisfy your needs in this area.

Creating the Best Insurance Agency Websites

People will always need insurance, whether to protect valuable personal assets, or for business purposes, and everyone buys insurance at one time or another. Why they purchase their insurance from one agency over another is usually determined by how the services and products are presented. People want to understand what they’re buying, how it will impact them, and the ease in which they’ll be able to file a claim and get quick results.


Many insurance agents will all be vying for their business. Now that practically everyone shops online, including for insurance products, it’s important for agencies to have their own presence. No matter the type of insurance being sold, one thing will never change: consumers are using the Internet, not only to find insurance, but also to compare policies and pricing. The best insurance agency websites must have good SEO, be easy to navigate and be responsive to questions and queries. Without this, it can be difficult to position your company online so that you can achieve a higher level of success.


Hire a professional


When building a website for insurance one thing of major importance comes to mind and that is conversions. An agent wants people to come to their website and, either submit their contact information, or make contact via telephone. Either way, this shows that the site is generating interest, and that can help to put the agency in a position to make sales. Hire a designer or developer, someone capable of making a well designed website. Look at other sites for inspiration and see what looks good, but also which ones are easiest to navigate.


Your site should be consumer-friendly


When someone is a visitor to a website and can’t find contact information easily then the website will in all likelihood fail. Above all else, make this a simple process. To ensure that contact information is easily accessible, include an email address and phone number on the home page, and using the header or a sidebar is the best location for this information.


Chances are that there are quite a few insurance agents in the area, and for this reason, doing something unique will help set your site apart from the competition. This can also give the consumer added confidence in the products being presented. The best insurance agency websites aren’t really very complex; they’re just well planned out.


Comparing Linen Supply Companies Insurance

Hospitals, hotels, and uniform suppliers are just a few of the many businesses requiring the services of linen supply companies. These companies produce a slew of items, everything from sheets, to uniforms and tablecloths, as well as many other commonly used items. These products represent a large number of establishments that would find it difficult to service patrons and customers should there be an interruption of service for any reason.

If a problem were to occur resulting in delays of shipments, such as equipment breakdown, the losses would be substantial, and the loss of revenues would merely be the tip of the iceberg. The potential loss of repeat customers, any of whom might seek these services from another vendor, could significantly impact the supply company’s bottom line. Linen Supply Companies Insurance is a necessary policy to have in place, as it would help to pay some, if not all, of any losses occurring.

Some unique risks might be at hand

This industry, because it is in part responsible for the continued success of so many others, faces quite a few very unique risks. Prisons, restaurants, and many other businesses could be left in disarray due to a shortage of materials they have come to depend upon on a daily basis. In addition to any general liability concerns, linens may also pose certain health risks to employees due to the chemicals involved in their processing, and those regularly exposed to any biohazards, such as airborne and imbedded pathogens, could require medical attention.

Other areas of concern are noise exposure, heat stress, injuries as a result of slip and falls, and burns or other injuries occurring from machinery. These are common issues in commercial laundry operations that owners are cognizant of. Linen Supply Companies Insurance agents can provide coverages of all types for those operating in this dynamic industry. Whether you have a need for excess and umbrella liability policies, workers’ comp, employment practices liability, motor truck cargo, inland and ocean marine, boiler and machinery, or employee benefits, the right agent can help facilitate the right insurance package for your needs.