Good risk management for contractors is needed more than ever. In today’s restrictive general liability climate, general contractors are needing to find solutions to cover their exposure. As you drive throughout Utah County, Salt Lake County, and Davis County you see multi-family projects, condominium projects, and mass townhome projects. Utah general contractors risk exposure has changed. There are many risks …
Top 10 Insurance Coverage Types for Any Business
If you own a business, insurance is an important part of protecting it from risks that could harm, or even end your business. But what kind of insurance do you actually need? What options are even available? Won’t an umbrella policy just cover everything? These questions can be best answered by your insurance agent, who can also advise you …
Medicare Supplement vs. Medicare Advantage Policies
If you are nearing retirement or preparing for your future you may want to consider coverage to supplement your Medicare benefits. While Medicare does provide many benefits after retirement, it doesn’t cover everything. Many seniors require additional services that aren’t covered and enroll in additional plans to cover those needs. Supplemental coverage is designed to make sure that you …
Mitigating Risk with Surety Bonds
Mitigating Risk with Surety Bonds Jace Pearson, Senior Account Executive at Beehive Insurance, was recently published in Utah Construction & Design magazine. His editorial shares his wealth of knowledge about surety bonds and how to reduce and transfer risk as a general contractor. Read the full article here: Mitigating Risk with Surety Bonds About Jace: Jace began his career in the …
The Hottest Thing out there for Retirement Income
Need Retirement Income? Here is the Hottest Thing out There. The above title is not mine; it’s a headline from a TIME Magazine article dated June 16, 2014 by Dan Kadlec. I’d like to use this retirement income article as a basis for our discussion today. Secure Your Retirement Income It’s 2014, and the decision to self-manage your retirement wealth …
Rideshare Liability
Are you seeing the fuzzy pink mustaches around town? The ones on the cars? Yep, we are too. It’s all part of a new ridesharing movement that matches local drivers (aka ordinary people with cars) with individuals who need a ride. The transportation network or rideshare company, Lyft, has found the pink mustache to be a catchy way to mark a vehicle operated by one …
Understanding Fixed Indexed Annuities
What is a Fixed Indexed Annuity? Fixed indexed annuities are secure investment vehicles issued only by life insurance companies. Fixed index annuities offer the guarantee of principal and the potential of market-linked growth, with no risk of losing principal due to market swings. The fixed index annuities have the same features, benefits and guarantees as traditional fixed annuities plus the …
Nearing Retirement: Are you Prepared?
A client and his wife – both in their 60’s – recently came in to my office. They are nearing retirement and were preparing for this event by reviewing their financial reserves. Knowing they had just three to five years before retirement, they were uneasy about the total they’d accumulated. They couldn’t get one thing off their mind. Will we …
Top Ten Backyard Safety Tips
It’s here! Tomorrow is the Fourth of July. We hope you are set to grill up some steaks, make a splash in the pool, celebrate your freedoms and enjoy a well-deserved day off of work with your family. What would make it even better? Doing it safely. Before you fire up the grill or put on your swimming trunks, take …
Car Accident Prevention: Utah Texting Laws
In 2012, nearly 50,000 automobile crashes were reported in the state of Utah. Of those crashes, distracted driving caused 20 fatalities, 125 serious injuries and 4,667 crashes. These numbers are saddening. Like those behind the ‘Zero Fatalities’ campaign, we believe even one fatality is one too many. Since the 1970’s, groups have been working toward improving the safety of our …