A recent report by the nonprofit National Academy of Social Insurance (NASI) revealed some surprising changes in the overall cost of workers’ compensation. The annual report, “Workers' Compensation: Benefits, Coverage, and Costs” is a comprehensive examination of workers’ compensation expenses on a national and state level for each individual fiscal year. The most recent publication, released in August 2011 for the fiscal year 2009, showed a number of shifts in costs and coverage that in many cases may be attributed to the ongoing financial troubles of the nation.
An important part of home ownership is making sure you are protected by homeowners insurance. Devastating events like fires and floods are tragic enough without the prospect of not being able to replace your home or belongings. However, homeowners should be aware that insurance is not just a way to repair or replace their home in the event of damage or loss. A vital part of homeowners insurance provides coverage in the event someone is injured while on or by the owner’s property.