Comprehensive Guide to Disability Insurance

| November 15, 2015

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By far the most common and well-known type of insurance, Workers’ Compensation Insurance, usually referred to as “Workers’ Comp”, is required by US law. While the required amount, enforcement, and penalties vary from state to state, all the laws paint the same picture: as employers, you are liable for the injuries sustained by your workers at your workplace. Workers’ Compensation Insurance is much like owning car insurance: just is you’re liable for the damage that your car causes, you have liability as the operator of a business for the injuries sustained by your employees in the line of their work for you.

Spotlight

Progressive Insurance

Were just an insurance company known for Flo, our friendly Superstore employee? Rethink Progressive. Were so much more than that, and the careers and culture we offer might surprise you. For more than 80 years, Progressive has offered a wide range of insurance choices to customers, including Auto, Home, Renters, Commercial Auto, Small Business, Motorcycle, Boat policies, and more. Progressive is the third largest auto insurer in the country-a combined effort of every single Progressive person. Were a diverse group of more than 36,000 talented employees-from all walks of life, all fields of business, and all 50 states. Everyone here plays a role in our success as we continue to find new and better ways to move the insurance industry forward and be there for our customers during every stage of their lives.

OTHER ARTICLES

How chatbots are driving insurtech

Article | March 10, 2020

The first chatbot, called ELIZA, was built in 1966 by MIT professor Joseph Weizenbaum. It used a pattern matching system to simulate a human conversation and gave a series of scripted responses designed to have it play the role of a therapist. Today, chatbot technology is a vital part of the way that companies across a myriad of sectors interact with their customers, with applications covering everything from content delivery to conversational ecommerce. By 2025, the global chatbot market is expected to reach $1.25bn.

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Does Your Business Interruption Insurance Cover COVID-19-Related Losses? Are You Sure?

Article | March 10, 2020

The COVID-19 coronavirus emergency has everyone scared, and many are imagining the worst. For business owners and managers, there is a fear that what you, your employees, and your customers or clients have built will be lost – through no fault of your own. And we don’t know how long the financial impact of the pandemic will continue.

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Putting a price on protection: the importance of cyber insurance

Article | March 10, 2020

For almost as long as businesses have been subject to risk, some form of insurance has existed to mitigate their exposure. The first recorded commercial insurance policies date back to Babylonian times, and in the thousands of years since, the types of business cover available have multiplied exponentially, driven by the uptake of technology. It’s now over 20 years since the first cybersecurity policy was written. At the time, this was considered groundbreaking – although by modern standards, its scope was limited. These days, cyber insurance providers cast a far wider net. By 2025, it’s expected the global market size will grow to over $23 billion. Some policies cover the costs arising from first-party data breaches, while others cover liability for damages, providing assurance for companies who collect and store sensitive customer information.

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Automation for the Future of Insurance: Enabling the Ecosystem

Article | March 10, 2020

During InsurTech Connect 2019, the world’s largest gathering for the insurance industry, I had the opportunity to meet and talk about the future of insurance with executives, thought leaders, analysts, consultants, and tech providers. In an interesting discussion with Seth Rachlin, chief innovation officer of Insurance at Capgemini, he discussed three trends that he envisions driving the “future of insurance.”

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Spotlight

Progressive Insurance

Were just an insurance company known for Flo, our friendly Superstore employee? Rethink Progressive. Were so much more than that, and the careers and culture we offer might surprise you. For more than 80 years, Progressive has offered a wide range of insurance choices to customers, including Auto, Home, Renters, Commercial Auto, Small Business, Motorcycle, Boat policies, and more. Progressive is the third largest auto insurer in the country-a combined effort of every single Progressive person. Were a diverse group of more than 36,000 talented employees-from all walks of life, all fields of business, and all 50 states. Everyone here plays a role in our success as we continue to find new and better ways to move the insurance industry forward and be there for our customers during every stage of their lives.

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