Posts by Gary Sorenson, Insurance Brokers of Minnesota

I just wanted to share this blog post from “The Hartford Steam Boiler” with you on how to protect against identity theft as it’s a HUGE issue! Your personal information is everywhere. No one can guarantee you will never be a victim of identity theft, but you can reduce your risk. By managing your personal information wisely,…

People in Minnesota don’t have the luxury of staying inside when the temperature drops below zero or there’s a foot of fresh-fallen snow on the ground. It’s easy to get develop a routine – bundle up in your parka, boots, hat, gloves and scarf before heading out the door. This routine may protect you from…

With winter weather in full swing you might encounter some snow packed and icy roads during winter season here in Minnesota. Let’s take a look at how you can keep yourself, your family and your vehicle safe when the roads become hazardous due to extreme weather. Preparation is key The first step in making sure…

Regardless of the industry or state of operation, the following four endorsements alter the availability of coverage for exposures common to most insureds: Employees as Insureds This endorsement closes these gaps and seeming inequities by altering the definition of “Who is an Insured” to include an employee while using an auto the “you” (the named…

The auto insurance marketplace has changed. Claims frequency and the average cost of settling auto claims are rising, leading to higher loss costs and future auto insurance rates for insurance companies’ existing customers. These are industry-wide and countrywide issues, impacting all drivers. They are also reflected in the rate increases being taken by some of our…

Being a business owner involves a lot of responsibility. When you have commercial autos, you become responsible for the safety of your drivers and other road users. That can be a lot to take on, so the best way to deal with it is to share the responsibility. To create a culture where everybody shares…

Workers’ Comp is the way employers finance employee injuries. For every dollar the insurance company spends, you are likely to pay back $2.00 to $3.00.  It’s our job to stop the borrowing at such high interest rates. Because Workers’ Comp is so complicated and confusing, employers are left to assume that their premium audit reports…

Combines a Premium Reimbursement Account, and a FSA/HSA plan all into one simple-to-use product. Employer has ability to offer a “defined contribution” or tax free contributions to an employee for (1) insurance premiums, or (2) out of pocket medical expenses, or (3) both, and provide a (4) pre-tax platform for employees to pay for their…

Rising life expectancy means that the potential need for “long term care” grows with every passing year of your life. Current statistics indicate that six out of every ten people in the United States will need some form of long term care during their lifetime. Most long term care expenses are not covered by Social…

The Obama administration finalized new regulations to expand coverage requirements for employers providing mental health and substance abuse treatment under their group health care plans. The long-awaited final rules are based on the 2008 Mental Health Parity and Addiction Equity Act. They will prohibit large employers — defined as firms with more than 50 full-time…