Do You Deliver for Apps Like Uber Eats or DoorDash? Here’s What You Need to Know About Insurance. If you drive for companies like Uber or Lyft and transport passengers for a fee, you probably know you must notify your insurance company or agent. But did you know this also applies to food delivery apps…
Insurance rates depend on several factors, including Loss Ratio (LR), which measures the relationship between premiums collected and claims paid. How Insurance Rates Are Calculated Insurance carriers determine annual rate changes based on a key metric called Loss Ratio (LR). LR compares the premiums collected with claims paid during a given year, whether fiscal or…
We’ve been receiving several calls recently about either children purchasing their parents’ house and the parents asking for insurance, or the same group where they’re swapping a house for a condo and swapping payments. Please remember, if you are in this group and your name isn’t on the deed, the only insurance you can purchase…
While we don’t encourage a client to only have the minimum coverages for auto liability, there are times when the cost to increase that coverage is just not cost effective. Therefore, if you must have the state minimum coverage, which in Wisconsin is $25,000 per person for bodily injury (BI) , $50,000 for BI/Accident and…