Posts by Gary Sorenson, Insurance Brokers of Minnesota

Here are 21 Reasons to Purchase Deluxe Contents Coverage The following are covered by deluxe and not standard (put in simple terms): 1) MYSTERIOUS DISAPPEARANCE – Jewelry, furs, silver, gold and guns that are lost or misplaced (up to special limits). 2) EARTHQUAKE – Deluxe contents affords earthquake coverage automatically for contents. 3) BROADER WATER…

Air bags save thousands of lives each year, according to The National Highway Traffic Safety Administration (NHTSA). In frontal crashes, air bags reduce deaths among drivers by about 30 percent and among passengers by 27 percent. Air bags, however, can be dangerous. If small children sit unbelted in the front seat, they can be catapulted…

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…

If workers compensation rates are designed to predict future losses, why use experience rating?  How does experience rating benefit employers?  Implicit in most risk-specific programs of experience rating is the prospect of both debits and credits. Since experience rating gives individual employers some influence over the final premium they pay, it provides an  incentive for…

Nine million. That’s how many Americans have their identities stolen each year, estimates the Federal Trade Commission. Identity Theft a Common Risk From January 2005 until November 2011, a staggering 543 million personal records were breached, reported the Privacy Rights Clearinghouse. The FTC noted that, in half of the criminal incidents in 2005, thieves obtained goods…

Many Americans are struggling financially in the current economy, particularly those struck by lay-offs, and are faced with tough decisions about how to reduce expenses. As a result, much has been written in recent months about how to reduce insurance premiums as one aspect of a belt-tightening strategy. Unfortunately, too much of this advice has…

Who could be sued for violating an employee’s rights?  Just about anyone who employs another person!  Discrimination, paying incorrect overtime amounts and sexual harassment are just three of many workplace situations that could lead to a lawsuit.  Some actions result from the employer being unaware of applicable laws while others arise out of cultural differences…

Rising life expectancy means that the potential need for “long term care” grows with every passing year of your life. The likelihood is that you or a member of your family will need long term assistance due to a prolonged illness, a disability, or general deterioration of your health and ability to perform routine daily…

The National Highway Traffic Safety Administration estimates that nearly 13,000 people per year (about 35 per day) are killed in alcohol-impaired driving crashes. Many of these tragic accidents happen after an inebriated person leaves a party.  Did you know that the host of the party can be held liable for injuries and deaths?  Not just…

As a boomer myself, I see and realize how important it is in today’s world to plan ahead.  To provide good advice to clients in the proper approach to life insurance.  Read these interesting facts below. Generations at Risk Facts LIMRA International’s life insurance consumer studies. Facts About Life 2008 Many U.S. Households Continue to…