Coronavirus is expected to drive up health insurance premiums and medical costs

| April 1, 2020

article image
Yahoo Finance’s Adriana Belmonte joins Seana Smith to report on why the coronavirus could drive up costs for the U.S. health insurance system.

Spotlight

Bukaty Companies

Bukaty Companies works with businesses of all sizes to develop a customized insurance and employee benefit program that takes into account the needs of a business and its employees. Our goal is to strike the right balance between affordability and quality of coverage. Our range of services includes Employee Benefits, Retirement Plans & Investing, Benefits Administration, Human Resource Consulting, Payroll & Accounting, Property & Casualty and more.

OTHER ARTICLES

Why Your General Contractor Business Needs Workers Compensation Insurance

Article | March 22, 2020

Having Workers Compensation Insurance for general contractors is an important part of your business. Given the nature of their work, employees are at risk of getting injured, disabled or even worse. Your business uses a lot of resources to provide your employees with a safe working environment. However, your efforts alone do not guarantee safety. Workers Compensation insurance is a great benefit package. Employees enjoy peace of mind as they work, and during recovery if they do get injured.

Read More

6 mistakes small business owners make when filing insurance claims

Article | March 22, 2020

Failing to contact your business insurance provider immediately after an accident, not documenting property damage, and admitting fault for an incident can affect your claim amount or whether you’ll be covered at all. Risk comes in many forms for small businesses. Natural disasters, client injuries, and equipment failure can all impact your bottom line. Commercial insurance is essential to managing a small business’s risks. Your general liability insurance premiums will be well worth it if a visitor sues your business over an injury that occurred at your office.

Read More

What is the Expense Ratio for an Insurance Company?

Article | March 22, 2020

Providing financial security to its consumers is the ultimate aim of an insurance company. However, sustaining its own capability to finance its customers becomes its priority. To measure the financial sustainability, insurance companies use various different methods and techniques. Among them, the Expense Ratio serves as the ideal measure providing clarity on the logistics. Signifying the efficiency of an insurance company and measuring its profitability, the expense ratio gives a clearer picture of the financial aspects of the company.

Read More

2020: Winning in the Digital Revolution of Insurance

Article | March 22, 2020

Technology, consumer demand, new competition, and changing market dynamics are revolutionizing the insurance industry. The increased pace of innovation and change has challenged traditional insurance practices and created a new age of insurance defined by greater connectivity and automation. Technology and innovation are creating unprecedented opportunity to generate greater operational efficiencies and more value for your business.

Read More

Spotlight

Bukaty Companies

Bukaty Companies works with businesses of all sizes to develop a customized insurance and employee benefit program that takes into account the needs of a business and its employees. Our goal is to strike the right balance between affordability and quality of coverage. Our range of services includes Employee Benefits, Retirement Plans & Investing, Benefits Administration, Human Resource Consulting, Payroll & Accounting, Property & Casualty and more.

Events