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Claims Made Vs Occurrence (Insurance)

If you are unfortunate enough as a Daycare Provider to end up in court than liability money from your Daycare Insurance Plan will be the best money you ever spent. As accidents will happen, insurance will provide the protection you need to pay the medical bills and other associated cost. While having a business in your home may prove convenient, not having enough Daycare Insurance could lead to you losing your business and the family home, as well. Protection for your assets begins with understanding how the policy works to help you. In this article, we will discuss the difference between a "claims made" as opposed to an "occurrence".

"Claims Made" Compared To "Occurrence"

How To Secure Your Family's Future

You do only have one family and it is your responsibility to secure their financial future. The financial future of your family is dependent on what preparation you make for them in terms of life insurance, as well as in other ways. They would be well looked after if you should suddenly die, become disabled, or lose your job.

Steps to Take to Secure their Future

There are a few steps that you could do to help make this happen.

You have to set in place your long-term and short-term financial goals.
- The question you do need to ask yourself is whether you do have a financial plan in place, and that includes life insurance.

Something to Know About Life Insurance for Children

One of the many questions that come up a number of times is that should children have an life insurance policy? Usually life insurance is necessary for a person with members who are dependent on him or her and hence it is generally considered as a salary replacement. So how useful is it to have life insurance for children?

This kind of policy for children is mostly one that insures a minor's life and is a form of a permanent life insurance. The cash value grows and as it matures, some companies allow withdrawal of the entire amount by collapsing the policy. Before choosing a plan it is wise to consider the advantages and disadvantages of the policy. Life insurance policy for a child is generally to meet the burial expenses or other medical expenses in the event of the child's death.