Leaving a legacy: what happens to independent insurance agencies after their owners leave depends on how well the owners have planned.(Valley Insurance Services.)(Leavitt Group.)Panko, Ron
Before you buy a new policy, check online ratings from independent agencies (such as Moody's, A.M. Best, and Standard & Poor) to find insurance companies with strong financial track records. Compare policies based on your specific needs and shop for the best value, but don't assume the ...
Statutory deductions are mandated by government agencies to pay for public programs and services. They consist of federal income tax, Federal Insurance Contributions Act (FICA) tax (Medicare and Social Security) and state income tax. To file them correctly, you need to know the work status of ...
It encompasses the policies, procedures, and practices that insurance companies must implement to ensure they are operating within the legal framework prescribed by the regulatory bodies. Insurance compliance is not limited to following the laws and regulations specific to insurance; it also involves ...
In order to comply with federal payroll tax laws, you need to properly classify you workers as either employees or independent contractors. The general steps to do this are: Assess the nature of the work being done. A worker may be an independent contractor if you have the right to control...
What are the 4 most common types of retail insurance? The four most common types of retail insurance are: Property insurance General liability insurance Business interruption insurance Workers’ compensation insurance Retail business owners should consult with an insurance agent to understand their business...
Bankrate is always editorially independent.To help readers understand how insurance affects their finances, we have licensed insurance professionals on staff who have spent a combined 47 years in the auto, home and life insurance industries. While we adhere to stricteditorial integrity, this post may...
that regulate and oversee the financial markets and the companies that do business in the U.S. Although opinions vary on the efficiency, effectiveness, and even the need for some of these agencies, each was designed with specific goals and most are likely to be around for the foreseeable ...
Independent agents and insurancebrokerage companiesboth take the sales approach of representing the customer first and offering a variety of products from different insurers; however, insurance brokerage companies are typically larger than independent insurance agencies. ...
These rewards are already more enduring in their value to a qualifer than cash and merchandise, but they still have a finite value and place a specific price on the extraordinary effort that a qualifier made to get them. Winning a place on an incentive travel program, however, has clear adv...