--%>

risk managementIn many cases, business owners and decision makers see insurance as something they need only because a law makes it mandatory for them to remain in business. However, that couldn’t be further from the truth. Insurance is here to protect your business, it’s employees, the equipment, etc. We have also found that some aren’t aware what insurance is protecting them from, and don’t know what their exposures are. While recognizing certain buzzwords such as general liability, and workers’ compensation is great, we want people to understand why they have to have these insurance policies. After all, accidents happen, but there is no need for an accident to ruin your business.

Workers’ Compensation

A workers’ compensation insurance policy provides wages, medical treatment, disability, and if necessary a death benefit to employees who are injured on the job. While workers’ comp makes up a large portion of many businesses expenses, it is necessary because without it, businesses would liable for any injuries an employee experiences while working. It also protects the business from any lawsuits that could be filed by the injured employee.

General Liability

Commercial general liability policies protect businesses in a lot of ways. Typically, it provides coverage for bodily injury, property damage, and personal and advertising injury which protects the insured from slander and false advertising. General liability may also cover fire damage that is caused by the negligence of the insured.

Marine General Liability

Marine general liability policies are similar to general liability policies except they are designed specifically for those who work at sea, as general liability insurance will not cover those who work near or on the water. These policies include coverage for marine contractors and others who work on or near water.

Professional Liability (PLI or E&O)

Professional liability insurance, also known as errors and omissions (E&O), will cover your business if you provide advice, or provide a service. It will protect you against negligent claims and damages that are awarded from a lawsuit.

Employment Practices Liability Insurance (EPLI)

Employment practices liability insurance protects your business against claims made by your employees. It can protect you from claims alleging discrimination based on sex, race, age, or disability. It can also protect you from claims alleging wrongful termination, harassment, and many other employment-related issues.

United States Longshore and Harbor Workers’ Compensation Act (US L&H)

Thanks to the United States Longshore and Harbor Workers’ Compensation Act (LHWCA also known as USL&H), those who work in the maritime industry and fall into certain categories, will have coverage backed by the federal government, not just the state. The law ensures that workers’ comp benefits are provided to those who work in the maritime industry, which will protect your business from any lawsuits associated with a workplace injury.

Maritime Employers Liability (MEL)

This policy generally covers employees who are working onboard a vessel, whether owned by the company they work for or as a contractor. Think of workers’ compensation insurance for those who work at sea.

Having the necessary insurance policies isn’t all you should be doing to protect yourself. Practicing good risk management also includes taking precautions around your workplace to make it as safe as possible. Read our previous blog, “10 Tips on Creating a Safe Work Environment”, for help in deciding what steps you should take in order to further protect you and your employees. If you have any questions, or are interested in purchasing workers’ compensation insurance, USL&H or other types of business insurance, or group health insurance for your employees, please contact us at954-828-1819 or visit us online at mhginsurance.com. Our insurance specialists have the knowledge and experience to cover your company’s risks appropriately.

Accidents happen, but there is no need for an accident to ruin your business. Risk management is important to protect your business, but first you need to know why.

Getting ready to do my workoutSummer is upon us! Which means a couple things; people are ready to show off their summer body and will look to maintain their figure, and people will be taking summer vacations and traveling abroad over the next few months. Being healthy and traveling are two important aspects of life, however for some reason the two aren’t always synonymous. While traveling, many people may want to relax and kick their feet up, or eat delicious foods that may not be deemed “healthy”. Of course you could always go for a run or walk around the hotel grounds or the surrounding areas, or you could go for a swim in the hotel pool as swimming is one of the best exercises anyone can do. You could even do yoga to exercise the mind, body, and soul. But if you aren’t feeling any of those options, and there isn’t a gym in the hotel to work out in, try doing some non-weight exercises, or calisthenics, in your hotel room!

Calisthenics are a great way to get into or stay in shape. In fact, many people use calisthenics as their normal exercise routine and not just when in a hotel room. By using different exercises to target each muscle group, you can have a full body workout without leaving your hotel room in a short amount of time.

1. Upward and Downward Facing Dog- This is a common yoga exercise and is a great way to get your body warmed up before a work out or cooled down following one. Lay flat on the ground face down. Take a deep breath, push your hands against the ground to push your chest up while keeping your legs flat on the ground. Hold the pose for several breathes. On the last exhale, lift your bottom up to form a 90-degree angle with your body while keeping your feet and hands flat on the ground and your head between your arms. Stay in that pose for several breathes. On the last exhale, bend your knees to the floor so that your knees are under your hips and your hands are under your shoulders.

2. Planks- Planks are one of the best exercises you can do to work out your core. Lay face down on the floor. Prop yourself up with your forearms and keep your elbows directly below your shoulder. Remember to keep your body straight. For beginners, try using a straight arm with your hands directly underneath your shoulders.

3. Wall Sits- This is a great way to focus on your lower body as well as your core. Find a wall, then squat down into a sitting position with your back against the wall and your legs in 90 degree angles.

4. Mountain Climbers- Ready to get your heart rate pumping? Mountain climbers are a unique exercise that can get your heart rate up and work out your entire body without needing machinery or a large space to move around. Start in a push-up position and alternate bringing your knees to your chest.

5. Push-ups- This classic exercise focuses on your upper body strength and your core. To work out different muscles doing this exercise, try doing them on an incline and decline as well.

6. Sit-ups/ Crunches- This is another classic exercise that targets your abdominals. To increase difficulty try doing them with your legs up at a 90-degree angle. Or you could try air bike crunches where you alternate touching opposite elbows to knees.

7. Squats- This exercise really targets your thighs and your gluteal muscles. Remember to keep your feet shoulder width apart, and keep your heels flat on the ground when squatting.

8. Leg Lifts- As you may have already noticed, many of these workouts focus on your core, and leg lifts are one of the best ones you can do. Lay flat on your back and lift your feet 6 inches off the ground. For a change you could also try switching your feet from opened to closed every 10 seconds.

9. Lunges- Step forward with one leg lowering your hips until both legs are bend at 90 degree angles. Make sure your front knee is directly above your ankle and your back knee doesn’t touch the floor. Rotate legs.

10. Tables- Sit down with your hands and feet on the floor. With your arms behind you, prop yourself up by lifting your hips as high as you can, and squeezing your glutes and shoulder blades as hard as you can.

There are several different ways to approach these exercises, you could try doing each one until exhaustion, breaking them up into different repetitions and sets, or a mixture of both. There are a ton of other non-weight exercises you can do, however everyone is different and some may find other exercises more successful than others. Try looking up other exercises and make a work out guide that fits you and your needs best.

For more help when traveling overseas, read our previous blog, “Tips for Traveling Abroad.” We wish you safe travels along your journey. If you are interested in purchasing travel insurance, or have any questions or concerns, please contact us at +1 954 828 1819 or +44 (0)1624 678668 or visit us at mhginsurance.com. It is important to have proper travel insurance coverage in case of an unexpected emergency while traveling abroad. Our insurance brokers have the experience to assist you in selecting the right plan for you, with the best value.

Being healthy and traveling are two important aspects of life, however for some reason the two aren’t always synonymous.

iStock_000086916863_LargeDo you have a trip planned this summer? Are you traveling to the tropics to kick your feet up on a beach somewhere with an umbrella in your drink?

Nothing beats a relaxing summer vacation to recharge you for the second half of the year. Depending on where you are going, there are some things that you need to be aware regarding the Zika Virus. The Zika Virus is a mosquito borne illness that is making headlines in the news all over the world. Since mosquitoes are most prevalent in warm tropical areas, you should be prepared and take any necessary precautions if you are traveling to or live in ones of the areas. It should also be noted, this virus is a mosquito borne illness but just because mosquitoes are in warmer areas, doesn’t mean those who live far away from the tropics can’t be at risk too.

The CDC has issued an alert for those who are traveling to areas where the Zika virus is spreading. Click here for more information.

Prevention

Pack proper repellant! There are several different steps you can take to protect yourself from being bitten by a mosquito. Some steps include using insect repellant sprays, wearing long sleeves and pants, using bug screens on windows and doors, sleeping under a mosquito bed net, etc. There are even children’s clothes with bug repellant in them.

For those already infected, the virus can be found in the blood and can be passed onto mosquitos who aren’t carrying the virus.

The Zika Virus can also be spread during intercourse by an infected male to his partner(s). Practice safe sex, as it is not known how long the virus can stay in the semen of men who have had the virus, although it is known that it can stay longer than in blood.

Symptoms

Common symptoms of the Zika Virus include fever, rash, joint pain, and conjunctivitis. Symptoms tend to remain mild, lasting several days to a couple of weeks, which is a reason many may not realize they are infected with the virus. This is a problem because becoming infected with the disease while pregnant can lead to serious birth defects including microcephaly.

Treatment

There is no vaccine or specific treatment. Focus on treating the symptoms such as getting rest, prevent dehydration, and taking acetaminophen for fever and pain. Aspirin and non-steroidal anti-inflammatory drugs (NSAIDs) should not be taken due to risk of bleeding.

Don’t Leave Without Coverage

Getting sick or needing medical treatment while you are abroad is a situation which no one wants to find themselves. However, having travel insurance can alleviate any stress about costs, what steps to take, and what doctors you can trust. Our insurance specialists can assist you in finding the proper coverage you and your family may need for your trip.

For more help when traveling overseas, read our previous blog, “Tips for Traveling Abroad.” We wish you safe travels along your journey. If you are interested in purchasing travel insurance, or have any questions or concerns, please contact us at +1 954 828 1819 or +44 (0)1624 678668 or visit us at mhginsurance.com. Our insurance brokers have the experience to assist you in selecting the right plan for you, with the best value.

The CDC has issued an alert for those who are traveling to areas where the Zika virus is spreading. Read more.

PrintFORT LAUDERDALE, FLORIDA (May 3, 2016) - MHG Insurance Brokers, a full-service insurance brokerage serving the marine industry, businesses, and groups and individuals around the world, has been recognized as one of the Best Places to Work in South Florida by the South Florida Business Journal, a program that celebrates excellence and employee satisfaction in the workplace.

Results were based on a survey evaluating ten areas of engagement, including employee benefits and recognition, leadership, turnover, employee and leadership management and more. Results of the survey were submitted to Quantum Workplace for analysis. Employees were encouraged to answer freely as all answers remain anonymous.

“What an honor to be recognized as one of the Best Places to Work in South Florida!” said Andrew Dudzinski, Chairman and CEO of MHG Insurance Brokers. “John (Haagensen, President of MHG) and I have made the working culture of MHG a priority for a long time, so it’s very flattering to be recognized by such a prestigious publication with other top companies in our community.”

Many of the companies in attendance had similar benefits or characteristics that made them worthy of the honor of being a Best Places to Work in South Florida. Some characteristics that made MHG stand out are its family atmosphere, excellent benefits that are 100% funded by the company, flexibility, and MHG’s entrepreneurial spirit which encourages employees to present new opportunities and initiatives for the company.

About MHG Insurance Brokers

Since 1991, MHG Insurance Brokers has been committed to providing expert insurance advice and innovative solutions for the marine, aviation, energy and related industries. Today, with over two decades of experience and relationships with some of the world’s top insurance markets, MHG has established an enviable reputation for providing quality advice, products and service for groups, businesses and individuals around the world. Based in Fort Lauderdale, Florida MHG has insurance specialists worldwide, with offices in Houston, Isle of Man, the Cote d’Azur and Hamburg. For more information, please visit mhginsurance.com MHG Ocean Benefits Limited, trading as MHG Ocean Benefits, MHG Insurance Brokers and MHG Underwriting Services, is registered with the Isle of Man Financial Services Authority as an insurance intermediary in respect of General Business. Registered in the Isle of Man, company number: 120885C.

Since 1991, MHG Insurance Brokers has been committed to providing expert insurance advice and innovative solutions for the marine, aviation, energy and related industries.

IoMAre you looking for a change and considering becoming an expat? If the answer is yes, you should consider the Isle of Man. The Isle of Man has an ever growing number of expatriates. More and more people seem to be moving to the island to take advantage of the great benefits it provides its residents. This has caused the island to become somewhat of a melting pot of nationalities and cultures. Islanders are known as 'Manx' but classified (for passport purposes, for instance) as British. With roughly half the population being Manx-born, and the rest coming from the UK, Ireland, and an increasing mix of other nationalities, now is the time to make yourself part of the mix!

The Isle of Man economy has experienced steady growth since the 1970’s due to a combination of low taxation, political and fiscal stability, investment in infrastructure and government initiatives to stimulate economic activity. The island has had one of the fastest growing economies in Europe in recent years and is in its 26th year of continuous growth. This growing and sustainable economy has resulted in a low unemployment rate and a high quality of life. Are you ready to move yet?

Interesting Facts

The Isle of Man is part of the British Isles but not the United Kingdom. It is a Crown dependency, with its own parliament, Tynwald. Established by the Vikings, Tynwald is the oldest continuous parliament in Europe, having celebrated its millennium in 1979. The Island is 33 miles long, 13 miles wide and covers an area of 227 square miles. It has a population of more than 80,000.

What makes it Attractive?

Financially the Isle of Man is very attractive. There is no capital gains tax, no inheritance tax and no stamp duty. In the 2016 Budget the single persons tax free allowance was £10,500, the next £8,500 of income is taxed at 10% with the balance charged at 20% up to the cap. These amounts double for married couples and are fully transferable between husband and wife. Personal income tax is capped at £125,000 per individual. Residents enjoy many benefits including good housing, education and health services, accessible activities, room to move, and a relatively safe community.

Financial Services

To many people, the Isle of Man is known for its financial services partly because its government and tax laws make it an attractive destination for financial companies. In addition to low tax rates for individuals, there is a 0-10% corporate tax, with the banking sector paying 10% while the rest pay 0%.

Niche Businesses

Despite being best known for financial services, the Isle of Man has arguably the most diversified economic base in the world for areas of similar size and is developing a global reputation for a diverse array of niche, quality sectors including:

· High-tech manufacturing

· E-Business

· E-Gaming

· Ship and superyacht management

· Aircraft registration

· Film production

· Space commerce

· Entrepreneur/trading gateway

· Quality food producers and manufacturers

The island's e-gaming sector is now its largest employer, followed by insurance and financial services, although traditional sectors such as the manufacturing industry and agriculture still play a significant role. With a growing market of niche businesses, the Isle of Man is a great place to start a business or open an office.

Before relocating to another country, trying to find expatriate health insurance coverage on your own can be a daunting task. Not to mention the checklist you must complete before leaving. For help developing a checklist, read our previous blog, “Expat Checklist before the Big Move.”

Many of us at MHG are expats ourselves and we understand the global insurance needs of international businesses, and individuals and families living and working around the world. Our Insurance Specialists have the experience, knowledge, and access to multiple international insurance carriers to find you the most suitable plan based on your budget and future plans. Our commitment to your well-being does not end once you have purchased a plan; through our “Concierge Broker Service”, we will continue to assist you with questions about your policy and provide assistance throughout the claims process. Call us at +1 954-828-1819 or +44 (0) 1624 678668 or visit us online at mhginsurance.com for help finding expatriate insurance coverage for you, your family or business!

Looking for a change of scenery? Find out why the Isle of Man should be a top location for all expats!

iStock_000081460771_MediumEmployer based benefits can be hard to come by in today’s world. What used to be a given, has now turned into something should be cherished as so many companies have cut back on the benefits they provide to their employees. Benefits such as health insurance, 401k, disability insurance, and life insurance are things that employees must consider if not already provided by their employer. Even if these benefits are provided, there is a good chance that the coverage provided isn’t enough, especially life insurance.

While having employer sponsored life insurance is a great benefit, it may not be the best idea to fully rely on your employer to provide all of the life insurance coverage you need. There are several different scenarios that can put you and even your family in a tough position, or even leave gaps in your coverage.

Losing Your Job

Losing your job is one of the main reasons you should consider purchasing more life insurance coverage. One reason is because your life doesn’t stop if your job does, which means that your life shouldn’t stop being covered. Losing your job doesn’t take away your debts, and doesn’t provide your loved ones with financial coverage if something unexpected were to happen to you.

Employer Stops Benefits

The past several years have been tough on businesses. Decisions have had to be made about lay-offs, downsizing, and budget cuts. One area of the budget that may have been cut is employee benefits. Companies are required to provide its employees with a certain amount of benefits, depending on the size of the company. However in an effort to maximize profits, more and more companies are cutting back the amount of benefits they provide to their employees to the minimum required by law. In the event that your company decides to reduce your benefits, you may be left needing coverage!

Not Enough Coverage

Typically, if you are lucky enough to have a job that includes life insurance as one of the benefits, there is a good chance that the coverage it provides is not enough. Most cases, the company will provide a policy that worth double the employee’s salary. So if you earn a salary of $50,000, your life insurance policy would be $100,000. For some that would be enough coverage, depending on how many children the person has, or how much debt the person is in. Would a life insurance policy that was double your salary be enough to cover your mortgage, provide stability for your loved ones, and pay for a funeral?

No International Coverage

Do you like to travel? Who doesn’t day dream of seeing a different part of the world from time to time? It’s important for you to know that most life insurance policies to do not provide coverage internationally. So when seeking additional coverage, you may want to consider a policy that includes international coverage.

Are you interested in purchasing life insurance? Would you like some more information regarding options that are available to you? Would you like to ask some questions to an insurance expert? If the answer to any of these questions is yes, please contact us 954-828-1819 or visit us online at mhginsurance.com and talk to one of our insurance specialists for help in ensuring you and your loved ones have the protection you need at every stage of life. There are many things to take into consideration when making the decision of which type of policy is best for you, your family, or loved ones. For help trying to figure out which policy is best for you, read our previous blog, “What are My Life Insurance Options?”.

While having employer sponsored life insurance is a great benefit, it may not be the best idea to solely rely on it for the coverage you need.

1Having employer based benefits is important. Not all companies have them in today’s world, so if you are someone who’s fortunate enough to receive benefits offered by your employer, count your blessings. However, even if you receive benefits, you may not have sufficient coverage. There are several different scenarios where you can find yourself needing additional coverage.

While employer based benefits are important, it may not be the best idea to fully rely on your employer to provide all of the benefits and coverage you need. What if you were to lose your job? Or maybe your company is having to make some budget cuts, and happen to cut the amount of benefits you receive. One of those benefits is disability insurance. For those that don’t know, disability insurance is a great way for your employer to give you and your family the coverage you need in the event you develop an illness or sustain an injury and are unable to work.

Coverage Options

Different coverage options for disability insurance can range from the length of coverage, to the amount of coverage you may need. A short term plan will usually provide coverage for up to two years, while a long term plan should provide coverage from anywhere after two years until retirement age, depending on the plan.

Can’t Work Due to Injury

There are several reasons you should consider disability insurance coverage. One of the main scenarios that would call for an individual disability plan is in the event your employer doesn’t offer a plan. What if you were doing some gardening one weekend and hurt your back? If the injury keeps you from being able to do your job, your company may not be willing to pay your salary while you recover, leaving you without a wage. Having an individual disability plan would provide you with a way to receive a wage in order to pay your bills and support your family.

Employer Stops Benefits

It’s no secret that the past several years have been tough on businesses. The recession forced companies to make some tough decisions. Many people lost their jobs, and many that were fortunate to keep their jobs may have lost some of their benefits due to budget cuts. In the event that your company decides to reduce your benefits, you may be left needing coverage!

Not Enough Coverage

It’s important to know whether your employer offers a short-term or long-term disability insurance plan. If your company offers short-term disability insurance, you may want to think about purchasing a long-term disability insurance plan in case you are unable to work for two or more years. If your company offers long-term disability insurance, you may want to think about purchasing a short-term disability insurance plan to give yourself coverage until the long term coverage kicks in.

It’s also important to note that disability insurance often doesn’t fully match your existing wage. Typically, employer based disability insurance will provide you with 66% of your normal wage, while supplemental disability should cover the remaining percentage. So in order to fully cover your wage amount, you may want to obtain both.

Are you interested in purchasing disability insurance? Would you like some more information regarding options that are available to you? Would you like to ask some questions to an insurance expert? If the answer to any of these questions is yes, please contact us 954-828-1819 or visit us online at mhginsurance.com and talk to one of our insurance specialists for help in selecting disability insurance and other coverage to ensure that you and your loved ones have the protection you need at every stage of life. There are many things to take into consideration when making the decision of which type of policy is best for you, your family, or loved ones. For help trying to figure out which policy is best for you, read our previous blog, “What You Need to Know About Company Sponsored Insurance Benefits”.

What if you were doing some gardening one weekend and hurt your back, keeping you from being able to work?

Group of young people holding a world globeHaving life insurance should be a priority for everyone!

Life Insurance can be a topic that is difficult to plan for, and may be something you don’t want to think about. However, no matter what stage you are at in life, it should be a priority. If you are a young person just starting your career, now is the time to purchase a policy so you can lock in a lower premium. If you are a bit more established with children, what will happen to them if something happens to you? If you are about to retire and move to your dream house in the tropics, how will your spouse pay for the mortgage if the unexpected happens?

Questions to Ask Yourself

When purchasing a life insurance policy there are a plethora of things to consider; such as the amount of the benefit, the beneficiaries, and what actions are actually covered. One thing that may be assumed is that the coverage will be provided no matter where you are in the world. However, that is not always the case. For the most part, life insurance policies only provide coverage in the country they are purchased.

When purchasing life insurance, you should ask yourself questions such as:

  • “How much coverage do I need?”
  • “How long do I need coverage for?”
  • “What type of policy should I purchase?”
  • “Who should be my beneficiary?”

Many people don’t think to ask themselves:

  • “Do I have international coverage?”
  • “Do I need international coverage?”

That latter set of questions can be crucial if you are a person who travels a lot. Retirees traveling the world, yacht crew, and cruise ship workers are just a few of the people who may need international coverage. Typically, if you are in a foreign country for 3 or more months, your life insurance will not offer the coverage if something were to happen to you. So if you are a world traveler, or hope to move to a foreign country one day, or are an expat who looks to settle down back home when you are done with your career abroad, it may be smart to look at your policy and see if you are covered.

MHG Can Help!

If being away from home for long periods of time applies to you, then international life insurance should be a priority. Deciding if you need the extra coverage is the easy part, now comes what type of policy is right for you!

A large number of our clients work internationally, and could greatly benefit from having an international life insurance policy. In fact, many of our employees are expats themselves, and have personal and professional experience that can be used to assist you. It should also be noted that the price for international coverage policies are usually comparable to those that don’t have international coverage.

There are many things to take into consideration when making the decision of which type of policy is best for you, your family, or loved ones. For help trying to figure out which policy is best for you, read our previous blog, “What Are My Life Insurance Options?” Are you interested in purchasing Life Insurance or International Life Insurance? Would you like some more information regarding Life Insurance options that are available to you? Would you like to ask some questions to a Life Insurance expert? If the answer to any of these questions is yes, please contact us 954-828-1819 or visit us online at mhginsurance.com and talk to one of our insurance specialists for help in selecting Life Insurance and other coverage to ensure that you and your loved ones have the protection you need at every stage of life.

Did you know? Your life insurance may not cover you internationally! Read more.

budapestAre you ready to explore a tale of two cities? No I’m not talking about the famed Charles Dickens novel, I’m talking about Budapest, Hungary!

Budapest, Hungary is a wonderful example of old world charm. Located in the heart of Europe, the city is split down the middle by Europe’s second longest river, the Danube. One reason this city is so scenic is because Buda is on one side and Pest is on the other. Buda has more of a “hilly” landscape and tends to be more rural. Here you can find some famous must-sees such as the Royal Castle and Fisherman’s Bastian. Pest on the other hand is more of an urban city area. It is on this side that you can find the Parliament Building which is the largest one in the world! While the two sides used to be separate, in 1873 they unified to become one of Europe’s most culturally diverse cities, Budapest.

While there are obvious stops to be made while visiting this historic area, getting involved and entrenched into the culture is the best way to get the most out of your trip. Walk the streets and take in the views, visit local restaurants and cafés to taste authentic goulash or sausages, talk to a local to find out where the best spots are located, and when you are done you can relax and unwind by having a roman bath in the Gellert Hotel; the list goes on and on.

For those that don’t remember, earlier this year we wrote a blog, “The Top 5 Places to Visit in 2016.” Number five on that list was Budapest, Hungary!

Danube River

danube riverOne of the best ways to see Budapest is by taking a cruise down the river. The Danube River splits both sides of the city, and offers some of the most scenic views of the city. Many would agree that there are few better ways to sit back and relax after a day of sightseeing than by floating down the river and taking in the views. Take your pick from a plethora of different river cruises to choose from depending on what you’re looking for, from a romantic dinner cruise to a wine tasting or cocktail cruise!

Chain Bridge

chain bridgeThe Chain Bridge is one of the most iconic and symbolic sights to see in Budapest. It was the first permanent stone bridge to be constructed which connected Pest and Buda. Built between 1839-1849 by William Tierney Clark, Chain Bridge has gone through a couple rebuilding periods in order to remain properly functional. The bridge is littered with photo opportunities, street vendors, and several stone statues. Try walking the bridge at night when it is all lit up for a nice romantic stroll!

Grand Market Hall

If you are looking to get lost in Hungarian culture, this is the place to be. The Grand Market Hall is one of the best places to find authentic Hungarian food, spices, folk, and art. That is probably because it is the oldest and largest indoor market in the city. Its architecture and design is quite unique as it is three stories tall and fit with colorful tiling, large windows, and open spaces. On the ground floor you can find everything from meats, to spices, to spirits. The second floor offers souvenir shops and eateries. And in the basement contains butcher shops and a fish market. The building is located on the Danube and is over 100 years old!

Fisherman’s Bastion

Budapest panorama from Fisherman's Bastion at sunsetLocated next door to the Royal Castle and St. Stephen’s Church (who was the first king of Hungary) is the iconic Fisherman’s Bastion. This terrace was built between 1895-1902 and includes a whopping 7 towers! Part of the attraction to Fisherman’s Bastion is its location. Located on the Buda side, this terrace offers magnificent views across the Danube, most notably one of the best views of the Parliament Building. Try going here at dusk to see the lights of the Parliament Building as well as the surrounding city.

Szechenyi Baths

budapest szechenyi bathNo matter what time of year you are visiting Budapest, a visit to the Szechenyi Baths should be on your itinerary. Known as the largest medicinal bath in Europe, the Szechenyi Baths are supplied water by two thermal springs below Hungary. Because of the natural chemicals in the water such as sulfate, calcium, magnesium, etc. it has been said that the waters can help degenerative joints, joint inflammation, and some orthopedic post treatments. These baths are not like anything you have ever seen, as they are from the Victorian Era with Neo-baroque styled architecture surrounding the “heated pools”. There are 18 pools in total, ranging from a large outdoor pool, to smaller indoor pools and spas all ranging in temperatures and characteristics such as different jets.

Now that you have some ideas of where you should be traveling in the upcoming year, don’t forget to protect yourself by getting Travel Insurance. As stated in a previous blog, “Tips Everyone Should Follow When Traveling Abroad”, it is important to have proper travel insurance coverage in case of an unexpected emergency while traveling abroad. Our Insurance Specialists have the knowledge and experience to offer advice or help select the best insurance plan for your needs. Visit mhginsurance.com or call +1 954 828 1819 or +44 (0) 1624 678668 for help in selecting the plan that fits you best. Safe travels!

Are you ready to explore a tale of two cities? No I’m not talking about the famed Charles Dickens novel, I’m talking about Budapest, Hungary!

Close up of senior man shaking hands with insurance agent.Have you ever heard the saying, “brokers make you broker”?

Brokers and insurance companies tend to have a bad reputation. Some people immediately have negative thoughts whether they are warranted or not. In fact, when we ask someone if they know what an insurance broker is or what they do, we receive all kinds of answers, most of them being negative. It’s time to improve on the perception of an insurance broker.

Take the time to find a quality, reputable broker to work with you in fulfilling your insurance needs. Not only will it be time well spent in the beginning when finding a plan, but it will also serve you well for the entire time that you have private health insurance needs, on a yacht or wherever your travels may take you.

Common Misconceptions

Insurance brokers aren’t evil, in fact they are quite helpful. It is a common misconception that brokers work for insurance companies, however that couldn’t be further from the truth. As insurance brokers, we work for you, the people!

It is also incorrect that working through an insurance broker costs the client more money. In contrast, working with a broker can actually save clients both time and money, in addition to frustration. Insurance brokers receive their compensation from insurers, but that does not (or should not) cloud the judgement of a good broker to recommend whatever policy is most appropriate to the situation as presented by you, the client.

Who Can Benefit?

Everyone who works on board a private or charter yacht that is travelling internationally should have private health insurance. Whether health insurance is provided by the vessel owner, or is purchased by each crew member individually, each person needs protection from a potential financial disaster caused by an unexpected illness or accident. The challenge is that it can be quite a task to sort through all of the options allowing you to determine what plan is best suited for your needs, or the needs of your group. This is where an insurance broker can be an invaluable source of information, and most importantly a helping hand.

So What Does a Broker Actually Do That You Cannot Do Yourselves?

First, they spend all day, every day dealing with insurance. They know the insurance industry, they live and breathe insurance, and they understand all the confusing terminology and phrases, which hopefully they can explain to you in a straightforward, no nonsense way. They also know the insurers, and the people who work there, which is a significant advantage over you calling a toll-free number and hoping for the best.

Second, insurance brokers evaluate and research the marketplace on a regular basis. A reputable broker knows the dynamics of the health insurance industry, what the headlines are, what is no longer relevant and which carriers provide consistent service. Nothing is more frustrating than finding an insurance plan that fits your needs, only to realize at time of claim that the company does not deliver.

Finally, a broker advocates and works on your behalf. If and when a situation arises where a shore-side helping hand is needed you can turn to your broker for assistance leaving you to continue to concentrate on your employment at sea.

How Do You know if a Broker is Reputable?

Word of mouth is the best form of marketing for a business, as well as the best form of research for a customer. There is no better way to find something than by asking someone you trust who has experience with your issues or concerns. This is also the case when finding a good insurance broker. Generally though, you want to look for a broker with experience and longevity in the health insurance business and one who certainly should be able to provide references. It is also important that the broker is specialized and experienced in the yacht crew area as it is quite different from the typical expat insurance market.

Having proper insurance is important whether you are at sea, or docked at a shipyard. MHG is your specialized broker when it comes to crew insurance. Our insurance specialists have the knowledge and experience to find the policy that works best for you. If you are interested in purchasing, or have any questions about yacht crew insurance or travel insurance, please contact us at +1 954 828 1819 or +44 (0) 1624 678668 or visit us online at mhginsurance.com. For more information on preparing to work on a yacht, read our previous blog, “Yacht Crew Insurance Terms 101”.

Have you ever heard the saying, “brokers make you broker”? That couldn't be further from the truth. Read more!