Simply Business Insurance operates an online insurance brokerage which specialises in protecting the business its customers are building by simplifying the insurance-purchasing process for small businesses. Simply Business provides specialist small business insurance which is tailored to the requirements of the individual client and offers a variety of insurance covers from business insurance to product liability insurance and landlord insurance. The business prides itself on being able to provide quotes from a broad range of insurers in minutes, allowing its customers to pick the core covers that they require with options for different risks. What does Simply Business Insurance cover? Different types of Simply Business Insurance cover different risks. Public liability insurance covers compensation claims made by a member of the public, while professional indemnity insurance covers you if you’re sued by a client. Employers’ liability insurance covers compensation claims from employees. Each type of business insurance is designed to cover a different set of risks that you face in the course of running your business. Public liability insurance can cover your business if a member of the public makes a claim against you for injury or damage. Your insurance can cover the cost of legal fees and compensation payouts, up to the limit of your policy. Professional indemnity insurance can cover compensation claims made against you by a client because they believe you’ve given bad advice or made a mistake in your work. This can include things like mishandling client data. Employers’ liability insurance can cover compensation claims lodged by an employee for injury, illness or damage that they’ve suffered due to their work. You can also choose to cover things like your business building, contents, equipment, tools, and stock in case they’re damaged or destroyed. How Insurance Works Insurance is available to help you pay for damage to your property or to pay others on your behalf when you injure someone or damage their property. Insurance is a contract that transfers the risk of financial loss from an individual or business to an insurance company. They collect small amounts of money from clients and pool that money together to pay for losses. Insurance is divided into two major categories: Property and casualty insurance provides protection to businesses and individuals for losses related to their belongings or assets, both physical and financial. Life and health insurance protects people from financial loss due to premature death, sickness or disease. Simply Business Insurance Review Simply Business provides insurance to around 800,000 small businesses, sole traders and landlords, and is one of the UK’s biggest providers of business insurance. It’s a broker, so it compares quotes from a number of insurers (many of which are established names). Businesses can also manage their policies through Simply Business. Its emphasis on speed, with the promise of same-day cover and documents, and online quotes in minutes likely to appeal to time-poor business owners. Simply Business Insurance pros and cons Pros Cons These pros and cons are based on a survey of UK business owners on what they found important when selecting a range of business products, conducted by NerdWallet in December 2022. Simply Business insurance: Types of coverage Simply Business Insurance: Types of coverage Simply Business offers the following coverage options through its partner insurance providers: Simply Business also offers inland marine insurance, which it bills as “tools and equipment insurance.” Other types of coverage, including commercial auto and property coverage, may be available through Simply Business’ partner providers, but you need to go directly to the source to obtain that coverage. General liability insurance Simply Business offers general liability insurance through a handful of partner providers. This coverage is recommended for virtually all business owners as it protects against third-party claims of bodily injury and property damage. General liability insurance also kicks in if your business is accused of libel, slander or copyright infringement. It doesn’t cover damage to your own property or injuries to your employees, which fall under commercial property and workers’ compensation insurance, respectively. Professional liability insurance Professional liability insurance, also known as errors and omissions insurance, is available through Simply Business’ network of insurance partners. If your business is sued for negligence, mistakes or delays, professional liability coverage will pay for legal fees and damages. This type of coverage is recommended for businesses that provide advice or services for a fee, such as accountants, architects, consultants, engineers and financial advisors. Simply Business offers the option to add an errors and omissions endorsement to your general liability policy, rather than purchasing full-fledged professional liability coverage, depending on your business type. Simply Business Insurance quotes through Simply Business Simply Business connects business owners with tailored quotes and coverage based on their business type. You can get multiple business insurance quotes online in a matter of minutes by providing key business details, including: While Simply Business offers up quotes, all policies are underwritten and administered by third-party insurance companies. Simply Business Insurance key features Simply Business Insurance full review Simply Business is a business insurance broker that offers cover from a range of insurers to businesses, the self-employed and landlords in the UK. It has been around since 2005 and has a sizable position in the market.  Its starting point is usually public liability insurance, but you can build a policy that suits your business risks. So you might begin with core cover – including public liability and employers’ liability, for example – and then add more specialist cover, such as online retailer insurance, if you need it. It might be reassuring that Simply Businesses specialises in business cover, so its focus and expertise lies with commercial risks. This isn’t always the case with other providers and brokers that tend to serve consumers too. As Simply Business is a broker, the policy you may decide to take out via them will be provided by another firm. Simply Business will look to place your business with the most appropriate provider for your needs.  This review is based on Simply Business and not the firms they broker to. The types of products, benefits & features referred to in this review … Read more

Best Small Business Health Insurance Plans 2024 Blue Cross Blue Shield stands out as the best health insurance company for small businesses because of its range of coverage options. The company offers a nationwide preferred provider organization (PPO) network and extra benefits for employees, including an extensive discount program.  Depending on your state, you may have a few options for finding health coverage for your employees, including through the Small Business Health Insurance Options Program (SHOP)—a government marketplace for small business health plans—and by purchasing a traditional group health plan from a broker or directly from an insurer.  To choose the best health insurance companies for small businesses, we evaluated major health insurance carriers based on financial strength, customer satisfaction, coverage options, telehealth and wellness benefits, digital tools, and more. These are our top picks.  Understanding Small Business Health Insurance Health insurance, often named as mediclaim, is insurance coverage against medical conditions and treatments covered under the policy. Usually, health insurance covers the expenses incurred during a medical emergency. It protects the financial assets of the policyholders and helps them get the best possible medical care. Small business health insurance is a type of group health insurance policy taken by businesses to provide medical coverage to their employees.  This health policy is good for budding businesses that want to provide medical aid to their workforce without disturbing their budgets. Further, it also helps businesses fight medical burdens caused to their employees due to unforeseen circumstances. Small Business Health Insurance Costs According to KFF1, annual premiums for group health insurance in 2023 average $8,435 a year for single coverage—roughly $703 monthly—and $23,968 a year for family coverage, which is about $1,997 per month. The average annual premium for single coverage and family coverage each increased by 7% over the last year. Monthly premiums also run higher for certain types of health insurance, like preferred provider organization (PPO) plans and health maintenance organization (HMO) plans. The average cost for single coverage and family coverage is also more expensive in the Northeast and Midwest regions of the United States and in specific industries like transportation, communications, and utilities. Organizations can reduce their budget by implementing higher cost-sharing requirements for employees. However, adding these requirements increases the risk that eligible employees will decline participation in the plan. If too many employees choose not to participate, the organization may not be able to offer the policy at all. A health insurance company typically requires at least 70% of employees to participate in a group health plan. What Are My Small Business Health Insurance Options? Small employers (generally those with 2–50 full-time employees1) may be eligible to purchase through the Small Business Health Options Program (SHOP) Marketplace. Created through the Affordable Care Act (ACA), SHOP offers affordable and flexible plan options to small businesses. If you do not qualify or there are no SHOP plans available in your area, you can also find a small business health insurance plan through a licensed broker or through an insurer like Anthem. How Does Small Business Health Insurance Work? Group health insurance for small businesses functions similarly to that of larger corporations and businesses. However, this insurance policy is for a smaller group of employees. The organisation takes out this policy for their employees. In the event of a medical crisis, employees can rely on the coverage provided by this organisation. This health insurance policy is available to businesses year-round. Usually, after buying the small business health insurance, premiums are locked in for a year. In that period, employers can add new employees to the plan. Not just this, employers can also remove the employees from plans that no longer work in their organisation. At the end of the insurance coverage, the employer can renew the plan or go for any other group health insurance policy that aligns with their business needs. How Many Employees Do You Need To Offer Small Business Health Insurance? The number of employees is just one of four requirements to qualify your business for small group health insurance. You must generally: What Types Of Small Business Health Insurance Plans Are Available?  As a small business owner, you can choose from five types of healthcare plans for your business.  HMO (Health Maintenance Organization)An HMO is designed to keep costs low and predictable by only using doctors and hospitals within the HMO network. It typically has low premiums, deductibles, and fixed copays for doctor visits. Primary care physicians (PCP) are the primary point of contact for all medical care, including specialty referrals. PPO (Preferred Provider Organization)PPO networks let you choose where to go for care, without a referral from a PCP or having to only use providers in your plan’s provider network. These plans typically have higher monthly premiums and out-of-pocket costs like copays, coinsurance, and deductibles. EPO (Exclusive Provider Organization)An EPO offers a local network of doctors and hospitals to choose from. If you’re looking for lower monthly premiums and are willing to pay a higher deductible when you need healthcare, you may want to consider an EPO plan. POS (Point of Service)A POS plan requires that you get a referral from your PCP before seeing a specialist. This plan covers out-of-network doctors at a higher out-of-pocket cost than in-network doctors. HDHP (High Deductible Health Plan)An HDHP has low premiums but higher immediate out-of-pocket costs. Employers often pair HDHPs with a Health Savings Account (HSA). This is a tax-free fund used to offset costs such as deductibles. Best Health Insurance Companies for Small Businesses for July 2024 Blue Cross Blue Shield Overview Blue Cross Blue Shield, which is also our pick for the best health insurance company overall, offers employers many options. Among them are plans that include access to the BlueCard PPO network, which gives employees coverage when traveling nationwide. In some states, BCBS offers fully insured, level-funded, and self-funded plans. Blue Cross Blue Shield is a group of companies, so benefits and plans vary by region, but many member companies offer extra benefits.  For example, the member company Anthem provides an employee assistance program at no … Read more

Sun Life Financial Inc. is a Canadian financial services company. It is primarily known as a life insurance company. sunlife life insurance company has a presence in investment management with over CAD$1.3 trillion in assets under management operating in a number of countries. Sun Life ranks number 235 on the Forbes Global 2000 list for 2022. Sun Life completes sale of its UK business Sun Life begins long-term strategic partnership with UK’s largest long-term savings and retirement business TORONTO, ON and LONDON, UK, April 3, 2023 /CNW/ – Sun Life Financial Inc. (TSX: SLF) (NYSE: SLF) announced today it has completed the sale of SLF of Canada UK Limited (“Sun Life UK”) to Phoenix Group Holdings plc (“Phoenix Group”) (LSE: PHNX). Headquartered in London, Phoenix Group is the UK’s largest long-term savings and retirement business with more than 12 million customers and £260 billion of assets under administration. Who is Sun Life Insurance? Sun Life Financial is an international financial services company founded 150 years ago. It is the third largest insurer in Canada and is primarily known for its individual insurance products and group benefits. It has an A+ financial strength rating from AM Best. Sun Life quick facts: SunLife Life Insurance Calculator SunLife Life Insurance Calculator Use our calculator to easily work out how much over 50 life insurance you may need. Fill in the costs that you would like your policy to cover and calculate your ideal cover amount. Remaining mortgage balance: Loans, credit cards and other personal debt: Cost of your funeral: Retirement fund for a partner: Leave an inheritance or charity donation: Existing life insurance/funeral plan or savings: Calculate Your total cover estimate: £0 Sun Life life insurance rates for 2023 Sun Life Canada offers a wide range of individual (i.e. not group) life insurance products from term to whole and universal life insurance. Let’s dive into some coverage options that might suit your financial needs. Note: Prices have increased across the board for Sun Life policies between April 2023 and July 2023.‍‍ Coverage options Monthly payments* Sun Permanent Life $83.88 SunSpectrum Permanent Life II $83.88 SunSpectrum Term 10 $12.42 SunSpectrum Term 20 $24.93 SunSpectrum Term 30 $20.16 Sun Universal Life II $76.17 Sun Permanent Life – 20 Pay $149.04 Key takeaways: Sun Life Insurance Company Overview Sun Life Insurance Canada deals primarily in life, travel, and health insurance for its personal lines and employee benefits for its commercial lines. Customers looking for personal home and auto insurance can use the Sun Life referral service to get a 10 percent discount on products offered by belairdirect. Sun Life Insurance offers advantages to its customers such as: Sun Life Canada’s Insurance Products Sun Life Canada has a list of insurance products that focus on keeping customers healthy as they grow and protect their wealth. The company also wants happy business clients that are able to offer their employees competitive benefits. Health Insurance From short-term medical needs to long-term illness concerns, Sun Life Canada has a complete set of personal health insurance products that apply to every member of the family. The major components of the company’s health insurance lines are: Life Insurance Sun Life Canada is well-known throughout Canada for its customizable life insurance products that can also grow in financial value. Whether you need insurance to cover your short-term plans or a life-long policy that gains equity over time, you will find the coverage you need. The types of life insurance available are: Travel Insurance The Sun Life Canada travel insurance program helps customers during all types of traveling situations from emergency medical situations to recovering lost luggage. Coverage types include: Mortgage Protection Insurance Sun Life Canada offers a special mortgage protection program that will pay your mortgage payments if you become too ill to work or pass away unexpectedly. Small Business Insurance Sun Life Canada can create a benefits package for your business that includes investment options for retirement accounts and insurance that covers: What is the SunLife over 50 plan and how does it work? The SunLife over 50 plan is a life insurance policy which guarantees a cash pay out to your family when you pass away. For many people, taking out an over 50 plan is an easy and affordable way to help pay for their funeral. The funds can relieve some financial worry for loved ones at an already difficult time, particularly as the average cost of dying now exceeds £9,600 in the UK. Sun Life insurance phone number uk – 1800 270 7000 The table below explains the key features of SunLife over 50 life insurance and how it works: Feature Description Guaranteed acceptance You’re guaranteed to be accepted for cover if you’re a UK resident aged 50 – 85 No medical questions During the application process you don’t need to provide any medical information or undergo a medical exam Whole of life cover This type of policy is also known as life assurance or whole of life insurance because it covers you for the rest of your life Guaranteed pay out after 12 months Once your policy has been in place for 12 months (known as the ‘waiting period’), your loved ones are guaranteed a pay out when you pass away, regardless of when that may happen in the future. Accidental death benefit If you pass away during the first 12 months of your policy as a result of an accident, a full pay out will be made Fixed monthly premiums from £5 a month When you take out an over 50 plan your premiums will need to be paid each month to keep cover in place. The amount you pay will depend on your age, smoking status and the sum assured. The cost of your premiums won’t change during the lifetime of your policy Fixed pay out amount (sum assured) guaranteed The maximum pay out is £18,000. The amount you can secure will depend on your personal circumstances and budget Sun Life life insurance: pros and cons Read up on some of the pros and cons of Sun Life life insurance based on their different products. Pros of Sun Life insurance: Cons of Sun Life … Read more

Seven Corners Travel Insurance Seven Corners offers a range of unique travel insurance plans for U.S. residents, non-U.S. residents and traveling groups. While some of the company’s plans are geared to trips that take place in the United States, others are for international trips or even for frequent travelers who need coverage for multiple travel plans over the course of a year. Standout features of Seven Corners travel insurance plans include relatively high coverage amounts for emergency medical expenses and medical evacuation as well as optional coverage options for rental cars, sports and golf equipment rentals, and ticket registration fees. For example, the Seven Corners Trip Protection Choice plan for individual trips covers groups of up to 10 travelers and comes with up to $500,000 in primary coverage for emergency medical expenses and up to $1 million in primary coverage for emergency medical evacuation and repatriation of remains. This plan also comes with a waiver for preexisting medical conditions if purchased within 20 days of making an initial trip payment. Some Seven Corners plans also let travelers buy cancel for any reason (CFAR) coverage that lets them get reimbursement for eligible prepaid travel expenses if they cannot travel for any reason, as well as interruption for any reason (IFAR) coverage that reimburses prepaid expenses when a trip is interrupted for a reason beyond the traveler’s control. Both CFAR and IFAR coverage offered through Seven Corners will reimburse insured trip costs up to 75%, which is higher than some other travel insurance companies offer. If you’re curious about the coverage Seven Corners has to offer and what the company’s plans might cost, read on for an overview of plans from this provider, travel insurance quotes and recent customer reviews. Seven Corners Travel Insurance Plans Seven Corners offers travel insurance for U.S. residents and groups for domestic and international trips. It also offers travel medical insurance for visitors to the USA who are not citizens. Seven Corners’ Trip Protection Choice plan (above) is its highest-rated plan according to Forbes Advisor’s ratings of the best travel insurance. Seven Corners’ Trip Protection Basic plan: This travel plan offers $100,000 in emergency medical coverage and $250,000 in medical evacuation coverage. It also includes $600 per person in travel delay coverage and the option to upgrade with “cancel for any reason” and “interruption for any reason” coverage. Travel Medical Excluding USA Basic and Choice: Seven Corners offers travel medical insurance for international trips up to 364 days. These plans act like short-term health insurance coverage for you while you are on trips outside the U.S. That means they have deductibles and cover routine care, urgent and emergency care, among other types of treatments. You can choose a maximum benefit amount ranging from $50,000 to $5 million if you are age 64 or younger.  Travelers ages 65 to 79 can choose $50,000 or $100,000; for those over 80 you get and $10,000. Travel Medical Including USA Basic and Plus plans from Seven Corners are for non-U.S. visitors to the States. They provide travel medical expense coverage for those here on trips up to 364 days. The Travel Medical Basic and Travel Medical Plus plans offer maximum coverage of $50,000 to $1 million for travelers up to age 69, $50,000 or $100,000 for those age 70 to 79 and $10,000 for travelers age 80 and older. The Plus plan reimburses 90% of the first $10,000 in covered expenses for out-of-network care, compared to 80% for the Basic plan. Cost of Seven Corners Travel Insurance Plans Travel benefits vary among Seven Corners’ travel insurance plans and so does pricing for each plan. Travel insurance costs generally vary by your age and trip cost. Here are examples of prices for Seven Corners’ Trip Protection Choice plan. Travelers And Trip Cost Per Trip For The Trip Protection Choice Plan Two travelers age 30, $3,000 trip cost, traveling to Mexico for 8 days $158 Two travelers age 40, $6,000 trip cost, traveling to Italy for 17 days $368 Family with two parents age 40 and two children, $15,000 trip cost, traveling to Italy for 17 days $368 Family with two parents age 40 and two children, $15,000 trip cost, traveling to France for 17 days $788 Family with two parents age 40 and two children, $15,000 trip cost, traveling to U.K. for 17 days $788 Two travelers age 65, $6,000 trip cost, traveling to the Italy for 17 days $788 Two travelers age 70, $3,000 trip cost, traveling to the Mexico for 8 days $286 Does Seven Corners Have 24/7 Travel Assistance? Seven Corners travel insurance plans come with 24/7 travel assistance. Seven Corners Assist can help with: What’s Not Covered by Seven Corners Travel Insurance? Every travel insurance plan contains exclusions and it’s a good idea to review the fine print so that you’re aware of what your plan doesn’t cover. Here are some examples of exclusions in the RoundTrip Choice plan: How To File a Claim with Seven Corners At Seven Corners, you can file a claim by mail, fax, phone or through the Seven Corners mobile app. Be sure you have the supporting documentation you’ll need for completing the claim. Seven Corners Travel Insurance for Individual Trips Seven Corners offers several travel insurance plans for different types of trips. For example, travelers can opt for single-trip plans that cover trips within the U.S. and abroad, or they can purchase an annual plan that covers eligible trips that take place over the course of a year. The charts below highlight the major benefits included with plans from this provider. TRIP PROTECTION BASIC TRIP PROTECTION CHOICE Trip cancellation Up to 100% of prepaid travel expenses (up to $30,000 per person) Up to 100% of prepaid travel expenses (up to $100,000 per person) Trip interruption Up to 100% of prepaid travel expenses Up to 150% of prepaid travel expenses Trip delay (at least 6 hours) Up to $200 per day per person (maximum of $600) Up to $250 per day per person (maximum of $2,000) Missed tour or cruise connection (at least 3 hours) … Read more

Based on the evaluation of over a dozen pet insurance providers, Lemonade and ManyPets are the cheapest pet insurance companies. ManyPets is the most affordable pet insurance with an average monthly cost of $23, and the cheapest option for cats at $16. Lemonade’s average monthly cost is $23, and it is the cheapest option for dogs at $30 per month. The best pet insurance companies at a glance All of the pet insurance companies below scored 5 out of 5 stars based on an in-depth comparison of coverage, plan terms and options, consumer experience, financial strength and discounts: The best pet insurance companies of 2024 We evaluated pet insurers across the country to find the ones with the best combination of coverage, financial strength, consumer experience and plan options. Below are the ones we consider to be the best pet insurance companies in the U.S. ASPCA: Best pet insurance for broad coverage You name it, and ASPCA pet insurance probably covers it — including dental illnesses, behavioral issues, alternative treatments, prescription food and even microchipping. Unlike some other pet insurers, it also includes coverage for accident or illness exam fees. If you want less coverage and a lower rate, you can opt for an accident-only policy. If you want even more coverage, you can add a preventive care plan to pay for services like dental cleaning, heartworm tests and vaccinations. The company offers pet insurance not only for dogs and cats but also for horses. Below are monthly rates for accident and illness coverage for two sample pets. Pet Age 2 Age 8 Mixed-breed dog $30 $68 Domestic shorthair cat $16 $30 Pros Cons Embrace: Best pet insurance for many ways to save Embrace offers its customers many ways to save. You’ll automatically get a 10% discount when you insure more than one pet. Active military members and veterans can get a 5% discount in every state but New York and Tennessee. The company is currently working on rolling out a healthy pet discount, too. Embrace has a wide range of deductibles and annual coverage limits to choose from. Its standard accident and illness plan includes chiropractic care, acupuncture, physiotherapy and other alternative therapies. It also pays exam fees for covered conditions and reimburses for behavioral treatments as long as a vet provides them. Below are monthly rates for accident and illness coverage for two sample pets. Pet Age 2 Age 8 Mixed-breed dog $42 $77 Domestic shorthair cat $23 $40 Pros Cons Figo: Best pet insurance for cats Figo offered some of the most consistently affordable cat insurance rates when NerdWallet gathered sample quotes from more than a dozen pet insurers. If you’re looking to minimize out-of-pocket expenses when your kitty goes to the vet, consider Figo’s 100% reimbursement option. Select that, and as soon as you hit your deductible, Figo will pay you back for all vet costs, up to your annual limit. Figo offers an accident and illness plan with three different annual reimbursement maximums ranging from $5,000 to unlimited. Figo’s coverage is comprehensive, including nonroutine dental care, alternative treatments and hereditary conditions. Then you can add even more options such as wellness care and coverage for veterinary exam fees. Figo isn’t the only pet insurer with a mobile app, but you can use its Pet Cloud for more than simply filing claims and paying bills. You can also organize your pet’s medical records, live chat with a veterinarian and meet other pet parents. Below are monthly rates for accident and illness coverage for two sample pets. Pet Age 2 Age 8 Mixed-breed dog $22 $52 Mixed-breed cat $10 $19 Pros Cons MetLife: Best pet insurance for dogs Among our highest-rated companies, NerdWallet found the lowest sample rates for dogs from MetLife across a variety of ages, breeds and locations. The company also stands out because it doesn’t have an extended waiting period before it’ll pay to treat orthopedic issues for dogs. (Some insurers won’t cover knee injuries or other orthopedic problems for the first six months of your policy.) MetLife offers an array of ways to save on your policy, depending on where you live and work. First responders, health care workers, veterans, current members of the military and staff at animal care facilities may all be eligible for a discount. You may also save on your policy if your employer offers MetLife pet insurance as a benefit. MetLife’s website is generally user-friendly and offers a sample policy so you can preview the coverage terms before you buy. Below are monthly rates for accident and illness coverage for two sample pets. Pet Age 2 Age 8 Mixed-breed dog $42 $78 Domestic shorthair cat $23 $37 Pros Cons Nationwide: Best pet insurance for exotic pets While most companies insure only dogs and cats, Nationwide’s exotic pet plan can cover just about any of your furry, feathered or scaly friends. You’ll have to call to get it though, as online quotes are available only for cats and dogs. Nationwide has three main plans. Whole Pet covers a range of accidents and illnesses, including hereditary conditions, and reimburses a percentage of your vet bills — up to your annual limit. Major Medical offers less comprehensive coverage and pays a set amount for each condition, regardless of what your vet charges you. The Modular plan allows you to mix and match different types of coverage. You can supplement your Modular or Major Medical plan with wellness coverage or buy a wellness plan on its own. Wellness plans aren’t available in all states or with Whole Pet. Below are monthly rates for accident and illness coverage for two sample pets. Pet Age 2 Age 8 Mixed-breed dog $46 $33* Domestic shorthair cat $23 $10* Pros Cons Pets Best: Best pet insurance for flexible plans If you’re looking for plenty of ways to customize your coverage and price, Pets Best may be a good option. The company has three tiers of accident and illness coverage, plus two wellness add-ons and an … Read more