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Praetorian Insurance Company Commercial Auto

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In June 2007, QBE the Americas completed the acquisition of PFG (Praetorian Insurance Group), previously a subsidiary of Hanover Re. QBE is the largest insurance group in Australia, but it operates in 38 countries worldwide and hires more than 16,000 employees. Praetorian Insurance Company has been selling and underwriting a variety of policies, but the primary focus is for businesses including commercial auto. The acquisition complements QBE’s product diversity strategy in the U.S. Now working under the roof of QBE the Americas; Praetorian still maintains its traditions of commercial insurance.

Understanding Commercial Auto Insurance

In many respects, personal auto and commercial auto policies are very similar. Personal auto policies can even provide enough coverage for some business uses, and this is useful when you are driving your vehicle for both personal and commercial purposes. You need commercial auto insurance when your vehicles are only for business-specific use. One of the biggest advantages is that commercial auto insurance has higher liability limits. It is also necessary if your business involves hauling specialized equipment, transporting goods and people, and the use of unusual vehicles for example pickup trucks and sport utility vehicles.

Similar to personal auto, the rules of commercial vehicle insurance are different from state to state. QBE has the license to sell and underwrite auto insurance policies in 50 states as well as Puerto Rico and the District of Columbia. Because Praetorian Insurance Company works under the roof of QBE, the license also applies.

A brief overview of commercial auto insurance products available from Praetorian Insurance Company:

Capacity:

-Primary of up to $1 million

-Umbrella of up to $5 million

Current Portfolio:
-Business Auto

-Local Trucking

-Specific Commercial

-Auto including auto rentals or second-hand auto dealers

Business Options

-Business Auto

-Artisan contractors’ business auto

-Specific niche transportation

-Local distance, 50 miles

The coverage for commercial auto is more or less the same with those for a personal vehicle. The difference is in the limit. Praetorian Insurance Company offers up to $1 million in primary option and up to $5 million in the umbrella option. The amount should be enough to cover damages or any liability issues in the event your business gets in the middle of a lawsuit as a result of an auto accident.

Parts of personal auto do provide coverage even when the vehicle is for business use. However, it will not produce the same amount of financial protection as you can get from the commercial auto policy. Imagine a situation when you are driving a pickup truck to deliver goods to a customer. In the middle of the road, you rear-end an own van that transports multiple passengers. In such circumstances, the driver and passengers of the van will sue not only you but also your company. Your personal insurance policy gives financial protection and pays the claim, but it will not defend or pay damages on behalf of your business. It is normal to expect that the drivers and passengers will want to collect compensations for vehicle damage and injuries from you and your business. Praetorian Insurance Company offers the right kind of protection for such circumstances. Types of Coverage

The scope of coverage by Praetorian Insurance Company Commercial Auto Policy can be either narrow or broad depending on your choice. The insurer provides a variety of policy for example trucking, specialized transportation, or the more extensive business auto options. In a simple way, the options are as follows:

1-Vehicles as business properties 2-Vehicles that your company owns, leases, or hires 3-Vehicles for business purposes

Most companies will choose the third options because the protection includes all vehicles, including those that your business owns and does not own, as long as they are for business affairs. The coverage even provides liability protection when an employee or employer drives a personal vehicle on business. While the scope is different, the basic types of coverage are the same. Commercial Auto Policy from Praetorian Insurance Company still includes three significant protections including Liability, Physical Damage, and Optional Coverage.

-Liability Insurance: it includes financial protections for property damage, bodily injury, and even death as a result of an accident in which you or your employee is at fault. The coverage provides legal defense as well. The amount of protection is up to the policy limit.

-Physical Damage: this is a combination of Comprehensive and Collision coverage. It protects against any damage to the vehicle whether or not the damage is a result of an accident. The perils may include flood, vandalism, theft, or falling objects. The amount of protection is up to the policy limit.

Because the risk of potential damages and loss is higher than a personal vehicle, Praetorian Insurance Company provides two different types of limits. For better protection, the Umbrella option has a limit of up to $5 million.

-Optional Coverage: some of the alternative coverage options are similar to those of personal auto insurance policy such as Roadside Assistance, Rental Reimbursement, Loan or Lease Coverage, and Vehicle Replacement due to the total loss.

General Liability

For broader perils coverage, the company also provides General Liability Insurance. It protects your business from another person’s and another business’s claims for bodily injury, medical cost, and property damage. The protection does not focus on vehicles, but the broader version of the business. The limits are the same at either $1 million or $5 million, and General Liability is available in 50 states including Puerto Rico and District of Columbia.

Why Life Insurance Is an Important Part of Retirement Planning

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When you are making plans to be secure in your retirement, it is important that you include life insurance in Greenville, SC, with the plan. This sounds strange to many people in this situation as these policies are meant for after death, and retirement planning is generally meant to enjoy while living. If this is your view on the subject, then it can be helpful to understand some important things about good policies of this nature. They can be borrowed against, can offer protection in the sad event of a death, will look good in the financial profile, and is easier to procure sooner rather than later.

You Can Borrow Against the Policy
Nobody knows what is going to happen with the economy. It is so unstable and many experts admit that it is hard for them to predict what will happen more than a few weeks into the future. Should all of your other accounts fail, it can be helpful to know that the amount of your life insurance policies in Greenville, SC, can stand as collateral should you need a loan or a mortgage. Having this kind of asset in place is really important. Aside from the need of the money in the face of death, it will make you more stable in your own finances by opening important credit options.

They Offer Protection in Case of Death
Just as nobody can predict what will happen with the economy, nobody can predict what will happen to you. As you plan for the future, it is important to remember that you can’t always rely on tomorrow. Make those plans for the future, but also put in place some measures to help your loved ones should you pass in an untimely way. A good amount to have your policies add up to is one that will offer payments that are close to your current income. This will allow any loved ones left behind the ability to handle the grief without having to deal with big financial issues as well.

Looks Good in the Financial Profile
Diversity is good when you are dealing with investments. The reason for this is that when certain kinds of investments struggle and drop, you will not lose everything. Putting all your eggs in one basket is not a good idea. Having policies of this nature will be a good way for you to diversify your retirement investments.

Will Be Easier to Get Early in Life
Not everyone will qualify for life insurance, or at least not at rates that are deemed as reasonable. Sickness, injuries, age, and certain hobbies can raise those rates a lot. The sooner you start the process of qualifying for these policies, the easier it will be for you to qualify and the lower your rates will be. If you do not already have policies in place, then now is the best time to start the process. It will only get harder the longer you wait. Get the peace of mind you want with a lower cost by not waiting to get qualified.

As you start getting your affairs in order and begin adding to important investment accounts, be sure that you are not forgetting this important step. The truth is that you never know what is going to happen. Having life insurance in Greenville, SC, in place as part of your retirement planning will give you some peace of mind. It will ensure that all your plans can be put in place even in the face of severe tragedy. Taking control of the unpredictable is as simple as getting some good policies in place as soon as possible.

Five Tips for Choosing the Right Health Insurance Plan

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One of the best ways of safeguarding your personal well-being is by having a health insurance plan. Due to the large number of companies that offer this type of insurance policy, choosing the right one can be a daunting task. Here are five tips to help you find the best plan on the market today.
Check the Networks of Different Plans

If you have a select group of doctors whom you prefer, ask them which insurance networks they are part of. You can also use one of the many accredited online directories to know the networks that each plan on your list has. On the other hand, if you just relocated to a new city and you do not have a preferred doctor yet, choose a plan that has a large network of health practitioners.

Know the Maximum Premium Budget

Consider your average monthly expenses to know the amount of money that you can spend on the policy without compromising your financial capability. Low premiums often result in high out-of-pocket costs. Hence, what appears to be the cheapest plan may really be the most expensive, as you will be forced to pay for most of the services. One of the best ways of choosing the right premium is by estimating the total amount of money that you spent on health care last year, including out-of-pocket expenses and premiums. Then, choose a plan that has similar monthly deductibles, copays, and premiums. A high premium plan will save you thousands of dollars on out-of-pocket costs if you require expensive procedures or frequent medical care services.

Look for Additional Benefits

In a bid to attract more clients, insurance companies usually offer policies that have additional benefits apart from medical coverage. Based on this fact, it is wise to check the summary of benefits of each policy on your list until you find one that has your preferred scope of services. For instance, some policies provide better coverage for mental health and physical therapy care while others have more comprehensive emergency coverage.

Research Plan Structure

Once you have an estimate of your monthly premium, your next step is determining your ideal plan structure. Some of the most common plans are HMO, EPO, POS, and PPO. The plan that you select will determine which doctors you can see and your costs. More often than not, plans that have referrals, such as POS and HMO, require that you first consult a primary care physician before booking an appointment with a specialist. If you already have a network of doctors that you prefer to see, eschew plans that they do not take.

Compare Out-of-Pocket Costs

Your preferred health insurance plan should clearly indicate the services that you will be required to pay for and the amount. The sum amount includes coinsurance, co-pay, and deductible. A plan that has low out-of-pocket costs is an ideal choice if you regularly need emergency services, take expensive medications, have scheduled upcoming surgery, or were recently diagnosed with a chronic condition such as cancer or diabetes.

Finally, make sure that the health insurance company is legally accredited, reputable, and reliable to cushion yourself from any inconveniences.

A College Course is the Foundation for Promising Careers

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With four main campuses, eight different schools, and more than 200 programs, Centennial College is the mainstay of the career path of many professionals. With studies catering to everyone from high school graduates to Second Career students, Centennial has a diverse offering. Each college course is designed to teach essential employability skills, ensuring relevance in the program’s curriculum and in the student’s educational experience as a whole.

Centennial welcomes students of all levels, and has created different courses to help them achieve sustainable careers. Listed below are the different forms of schooling it offers:

Dual Credit Courses
High school students can get a head start at college while completing their secondary diploma. Centennial offers college-level courses to these students that will lead to credits towards their high school and college diplomas. The list of courses include: Principles of Psychology, Network Technologies, and Dynamics of Global Tourism. Some classes take place at one of Centennial’s campuses, while others are held at the student’s high school. This is a good way of earning two credits and exploring college life for these young adults.

College and University Preparation
Before enrolling in a college or university program, some students may choose to earn some college credits and complete postsecondary-level courses, which will prepare them for their target programs. Centennial offers preparatory classes in business, hospitality, technology, and health and community areas, where students enroll in these foundation programs to learn more advance concepts before diving into the actual diploma and degree programs. Students graduate with an Ontario College Certificate, credits towards postsecondary programs, and the essential knowledge and skills for a specific area, which can be applied to a broad list of programs within that area.

Distance Learning Courses
College courses are not only for high school and college beginners. Industry professionals, retired workers, and even some college students, opt for a non-traditional college studies through distance learning. This off-campus method of learning presents flexibility of time and place, in which many busy individuals prefer so they can complete other commitments, such as work and family life. There are a wide array of courses offered through distance learning, including those in business, technology, and health studies.

Centennial College offers individual courses and blocks of courses as a way to help students accomplish their ultimate goals, which are to obtain a postsecondary education and a promising career. Here are some key points that enhance college education:

Many courses at Centennial are transferrable to other program credits, which will help ease the transition when students choose to switch or advance to another field of studies.
Centennial is partnered with universities to offer joint programs, so Centennial course credits are recognized by other institutions, resulting in time saved from retaking similar courses.
Through the vast offering of Second Career courses, Centennial partnered with other colleges, opening new possibilities for its students to translate course credits to other educational and career opportunities.
Education leads to a great chance of success in careers and it all starts in the beginning with a course that teaches students about the principles and theories, which they will build upon and apply in real life. Centennial College is a good support system for college beginners and college graduates alike, with preparatory courses and distance learning courses that will serve as foundations for an exciting career.