Unless you have a letter of guarantee issued by God (or any religious being of your choice) that excludes you from any serious mishap, it’s a good idea to ensure you are properly covered. Every company can get sued and face legal fees. Sounds pretty great, right? 10 years later that cost increases to $11 a day. Naysayers frown upon the idea because life insurance's initial purpose was to cover the loss of income from a working adult. She is currently the COO of ABZD Capital and the CMO of Gourmet Food Holdings, an investment firm focusing on opportunities in the global F&B industry. The simple answer is, risk taking is a part of every business, but it is important that a company knows how to deal with the impact of the negative risks. That’s one of the reasons why many insurance companies offer a break on insurance if a policyholder regularly parks his or her car off the street and in a covered garage, where the instances of theft and vandalism are much less prevalent. (function() { ... We do not give investment advice or encourage you to adopt a certain investment strategy. Life insurance is … Join our 45,000 community members. This condition is one of the fastest growing reasons people need long term care. Enter your email address to subscribe to this blog and receive notifications of new posts by email. 3. These things cost manufacturers millions, if not billions of dollars a year, yet they are non-negotiable – we know that these devices save lives in the case of an emergency (however remote the chance). Plus, over the years, you’ll find comfort in knowing money will be available to protect your loved ones in the event of your passing. In this Pet Health Insurance 101 series we help you better understand what we do at Pets Best, why we do it, and why you need it. Many of us have never had to make a claim on our insurance. It also helps pay your legal fees, if you're taken to court over the accident. Whoever said, ‘ you need health insurance’ is wrong. And it makes absolute sense because there is no reason why a person would be healthier at age 40 or 60 than they were at age 30. Insurance provides for an effective risk management in life. 70 countries, including 30 of the world’s poorest, have passed laws toward Universal Health Coverage (UHC). Check out these 10 reasons why you can’t afford to wait any longer. on: function(evt, cb) { Me, me, me. For example, if you have an injured employee that sues you, your workers’ compensation insurance can help pay the legal fees. It can cover the cost of final expenses and help pay off debts, as well as day-to-day expenses, like food, clothing, and housing. This is especially important for parents of young children or adults who would find it difficult to sustain their standard of living if they no longer had access to the income provide by their partner. An insurance broker is an insurance industry expert who can provide professional advice and act on your behalf to make the process of finding business insurance a whole lot easier. You have entered an incorrect email address! Insurance is a safety net for when risks go wrong. Artemis Medical Society shares five reasons you should enroll. Let’s look at 5 more reasons why #HEALTH FORALL matters: 1. In the previous section, we could get a 100k cover for $6 a day as a 25-year-old. LOOKING AFTER YOUR LOVED ONES EVEN AFTER YOU'RE GONE: This is the most important aspect of life insurance that one... 2. In addition to providing income to cover everyday living expenses, your family needs insurance to cover any outstanding debts, like the mortgage, credit cards and car loans. It’s easy to wake up each morning to think that today would be no different from yesterday. Yes, car insurance is required for drivers in almost every state. 5 Reasons Why Car Insurance Is So Important Cars have become a necessary part of most people’s lives, as they are the convenient for moving around. But here are five very good reasons why you need life insurance. Today, we’ll be looking at just some of the reasons why you should consider utilising an insurance broker. Car insurance can also be crucial if your vehicle is stolen or vandalized. Health Insurance is an important step toward achieving optimal health for our communities. Empower yourself and transform your money relationship! })(); Anna Haotanto is the Advisor (former CEO) of The New Savvy. Top 10 Reasons Why Your Business Needs Insurance 1. Insurance companies invest the funds securely, so it can grow, and pay out when there’s a claim. Below you’ll find our top 5 reasons to have disability insurance. Having car insurance is required by law in 48 states and the District of Columbia. 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