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It’s that time of the year! That time where everyone looks back on the past year and makes changes for the upcoming one. Whether it is taxes, budgets, even weight loss, the motto is “out with the old, in with the new!” However, you may have not originally thought to review your life insurance policy. It’s always a good idea to review any insurance policy periodically, but the end of the year brings a perfect time to look at your current policy, and see if it still offers the coverage you need.

 Do You Have New Dependents or Family Members?

A lot can change over the course of a year, especially when it comes to relationships and families. Did you get married? Did you have children? Do you have new dependents in your life that may need to be made a beneficiary of your life insurance policy? These are all questions you should ask yourself when reviewing your policy. Also, maybe you need to increase the overall value of the policy to account for new dependents.

Did You Have Any New Major Purchases or New Debts?

Many times, people decide on the value of their life insurance policy based on their outstanding debt. For example, if you have a mortgage of $200,000, it would be smart to include $200,000 in your calculation for your life insurance to cover the cost of the house if something were to happen to you. Purchases such as buying a house, buying a car, starting a business are all ways to increase your debt, and should be taken into consideration when deciding the value of your policy.

Did Something Change at Your Job?

There are scenarios of changes at the workplace that should give you a reason to review your life insurance policy. One is if you were to start a new job. There is a chance that your job offers employee sponsored life insurance based on your salary. This is a great benefit to have, so take the amount of coverage provided into consideration if you are purchasing a policy.

If you didn't start a new job, there are still changes that may have occurred over the past year that warrant a policy review. Getting a raise may give you more expendable income to increase your policy value. Also, if you received a promotion, there may be changes to the benefits provided to you such as the value of your life insurance policy.

Did You Move?

Moving always seems to bring more changes to someone's life than they originally expected. If you moved to a foreign country, there is a strong possibility that your life insurance coverage didn't follow you to your new home. Many life insurance policies are only covered in the country of purchase. However, it should be noted that there are several options for international life insurance coverage. If you would like more information on international life insurance, read our previous blog "Your Life Insurance May Not Have International Coverage".

Our wellness and security is important to us. For other things to consider with the New Year right around the corner, read our previous blog, “Learn Why the Start of a New Year is Important to Your Insurance Benefits”. Whether you are purchasing life insurance for the first time, looking for better coverage or are interested in learning more about other types of insurance available to you, we can help! Visit our website at www.mhginsurance.com or speak with an Insurance Specialist at 954 828 1819. Don’t forget the deadline to enroll in a full-time health insurance plan is January 31st, 2016!

When Was the Last Time You Reviewed the Amount of Your Life Insurance Policy?

Many people consider the "Holiday Season" their favorite time of the year. With so much going on from decorating the house, to baking treats, and getting all of your holiday shopping done in time, this time of the year can also bring some stress. Especially if you have a trip scheduled!

Packing for a trip can be difficult, no matter how many times you double check to make sure you have everything, it can feel like you are still forgetting something. Going on a trip this time of year also leaves you less time to complete all of your other holiday tasks. Don’t become overwhelmed and not properly prepare for your trip, follow these tips to help get you ready to go.

1. Do Your Research

No matter where you are going for your holiday trip, it is important to do your research. Even if you have been there multiple times, it's important to see what the weather forecast and temperatures are expected to be. This will let you pack the proper clothing needed to stay warm, or cool.

Also, it's a good idea to make a list of all the items that you need to pack. Cross off each item as you put it into the bag in order to keep track of everything and minimize your chances of forgetting something.

2. Bring Cash

I'm sure you have heard this saying time and time again, "Cash is king!" Carrying large amounts of cash may not always be the best idea, but going a trip is an exception. If your credit card happens to get compromised while you are away, it will be shut down leaving you with no other way to pay for things. Also, there is a chance that some places you are going don't accept credit cards. Don't take a chance and find yourself stranded in a foreign place.

3. Carry-On Luggage

If traveling on an airplane, there are certain items that should be put in your carry-on bag. Any breakables you are taking should be kept with you at all times. Also, your toiletries should be put in your carry-on luggage in case you need to freshen up at the airport. Most importantly, any prescriptions you have or medications you are taking should be kept in your carry-on. In the event that your luggage is lost, you will still have the medicine you need.

4. Save Space

Whenever you are packing for a trip, saving space is a must. There are several different tips to help you get the most out of your luggage. Try rolling your t-shirts instead of folding them. Also, you can stick rolled up clothing inside your shoes. If you have any large jackets, it may be a good idea to wear them or carry them so they don't take up space in your suitcase.

5. Gifts and Souvenirs

If you are going on a holiday trip to see family or friends, there is a good chance that you will be traveling with gifts. Depending on the gift, it may be better to ship the gift to your destination separately. Or you can plan ahead by only getting small presents that you know will be able to fit in your luggage. Be sure to leave space in your bag for any souvenirs that you may buy, or gifts that you may receive.

Before setting off on your next adventure, call MHG Insurance Brokers at +1 954-828-1819 or +44 (0) 1624 678668 or visit us online at mhginsurance.com to obtain trip cancellation and travel insurance, along with other insurance plans that will make your trip an exciting, hassle-free experience! MHG Insurance Brokers hopes that you arrive and return safe and sound. For more holiday travel tips, read our previous blog, "Save Time and Money with These Holiday Travel Tips". Happy Holidays!

Packing for a trip can be difficult, especially during the holiday season. Follow these tips to help get you ready to go.

Kelly Morris

Fort Lauderdale (December 10, 2015) – MHG Insurance Brokers announced today that Kelly Morris has joined the company as Claims Specialist. Morris will be part of the claims team, based in the US, extending MHG’s claims support capabilities across 3 time zones. Her primary focus will be on claims support for international health policies. 

Morris joins MHG Insurance Brokers with over 12 years of international insurance experience. Throughout her insurance career at International Medical Group (IMG) she has had several responsibilities from sorting mail in the missionary claims department in her early days to becoming the primary sales service contact for mission, marine and Bahamian brokers, who represented over $25 million in annual premiums. 

“Kelly is extremely experienced in the international insurance industry.” said Peter Dudzinski, Underwriter and Broking Director for the MHG Group of Companies. “For several years she was our go to person on the claims handling side at International Medical Group. Not only was she a great advocate for MHG but also a great partner to work with and I’m pleased to now have her as a member of my team.”

MHG continues to be at the forefront of developing insurance solutions and products to meet the changing needs of businesses and individuals around the world. Most recently, the Insurance Specialists at MHG developed a new travel insurance program exclusively for U.S. Superyacht Association’s members which covers medical expenses while employees are traveling outside their home country. 

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 https://mhginsurance.com/.


MHG Insurance Brokers Hires New Claims Specialist

Packing for Your Next Contract

It's no secret that those who work on cruise ships can be away for long periods of time. Contracts can last anywhere from a few months to almost a year. Being on a ship for that amount of time can be difficult to pack for. How are you to know what items you will need a month from now?  Here are some tips you should use to make packing for your next contract simpler and more efficient, after getting proper insurance of course!

 

  contract  

 

  MHG cruise employees Infographic

Packing for Your Next Contract

travel insuranceReady, SET, go! Did you know that your health insurance may not cover you while you’re traveling abroad? Although we hate to think about becoming sick or injured, sometimes it is unavoidable, no matter how much you precaution you take. Whether it’s a car accident, food poisoning, or a stroke, the lack of international health insurance coverage could expose you to serious financial liability. 

 

The Basics 

Take the worry out of international travel with the SET plan! SET is an annual travel insurance plan available exclusively to U.S. Superyacht Association (USSA) members which offers affordable international health insurance coverage to employer groups. This plan is perfect for any companies whose employees take frequent trips outside their home country and are looking for an easy way to provide health insurance protection while traveling. One of the great benefits of the plan is that it saves you time whenever you are required to travel by not having to purchase travel insurance before each trip. All you have to do is estimate the number of days that you will be abroad for the year, and make one purchase! Another great benefits is that it gives you a peace of mind knowing that your employees will be fully covered when they are traveling internationally. This is important because many do not realize that their domestic health insurance plan does not follow them when they leave the country, which means many people are traveling uncovered! 

How it Works

One of the great things about this plan is how simple it is to get signed up. Here’s how the plan works. First, fill out the Request for Proposal with some basic information. Then, select your coverage level. There are two coverage options to choose from, Essential and Elite. 

Essential benefits:

  • Service and support provided by MHG Insurance Brokers
  • Purchase trips days in advance and subtract as you go
  • $500,000 plan limit
  • Global medical protection
  • Emergency medical evacuation
  • Hospital stays
  • $0 deductible
  • No coinsurance outside of the US
  • Acute onset of a preexisting condition for US citizens
  • Simple enrollment and administration
Elite benefits: ALL of the benefits of the Essential plan plus:

  • Upgrade to $1,000,000 plan limit
  • $100,000 Accidental death and dismemberment
  • Adventure sports coverage
Next, enter some basic details and then you purchase a block of days. Unused days will be rolled over to the following year. Coverage can be as little as $1.50 a day! Last, pack your bags, bring your passport, and go on your trip worry free! I know you must be thinking that there is more paperwork, or that you must wait a certain amount of time, but once you are finished you are good to go! 

This is All Made Possible by…

A lot of people have worked really hard to bring this great travel insurance solution to you. The U.S. Superyacht Association partnered with Point Comfort Underwriters and MHG Insurance Brokers to develop this customized product that is only available exclusively for USSA members. USSA values its members, and wanted to make sure that people and organizations are offered the benefits that they deserve. Don’t fly naked, make sure you are covered by the SET plan! Go to http://www.ussuperyacht.com/ for a quote now! Safe travels!

Are You Flying Naked? Cover Up with the USSA SET Plan

Sandra3FORT LAUDERDALE, FLORIDA (September 22, 2015) – MHG Insurance Brokers announced today that Sandra Rollins has joined the company’s Business Insurance Division as Broker. The division specializes in insurance solutions for businesses that struggle to obtain insurance. Rollins’ primary focus will be quoting Workers’ Comp, Marine General Liability, General Liability and Commercial Auto, in addition to providing support to clients.

 

“Sandra is a great addition to the team.” said Mady Acosta, Business Division Manager at MHG Insurance Brokers. “Not only does she have a strong sales and operational background as both a producer and as an agency manager but she also understands the business insurance needs and requirements of the community. Her experience and skills will strengthen our division.” 

Rollins joins MHG Insurance Brokers with over 10 years of business insurance experience. Throughout her insurance career she has held various jobs including operations manager, underwriter and producer. Most recently, Rollins managed the Personal Lines Department at a large, independent agency in Lighthouse Point where she was responsible for managing a $1.5 million personal lines and marine book of business in addition to servicing all VIP and high profile accounts. "I'm excited to work with MHG as they have a reputation for being an innovative company and are always looking for ways to serve their clients.” said Sandra Rollins. “I’m looking forward to a long future with them.” MHG continues to be at the forefront of developing insurance solutions and products to meet the changing needs of businesses around the world. Most recently, the Insurance Specialists at MHG identified a potential liability risk for cruise line operators and designed a new liability plan to fill the gap in coverage. 

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 https://mhginsurance.com/

MHG Insurance Brokers Welcomes New Broker

travel insuranceFORT LAUDERDALE, FLORIDA (September 15, 2015) – The US Superyacht Association (USSA), a non-profit trade association promoting the superyacht industry of the United States, is proud to have partnered with MHG Insurance Brokers and Point Comfort Underwriters to provide its members with an exciting new membership benefit designed to protect themselves, and their employees, while traveling outside of their home country. 

 

“We found that many of our member’s conventional health insurance plans simply did not cover their foreign travel and/or evacuation in the event of an emergency,” said John Mann, U.S. Superyacht Association Chairman. “This program allows our members to simply “SET it” and forget it and we are thrilled to partner with MHG and Point Comfort Underwriters to provide this customized travel insurance plan.” 

The SET (Superyacht Executive Travel) Plan is different from other standard travel insurance plans in that it is sold in blocks of days where the company decides when to use them. Any unused days are simply rolled over to the following year at the existing premium – so there is no risk. To make it even more valuable - this coverage is available for USSA members for as little as only $1.50 per day of travel! 

The plan has two coverage levels designed to fit everyone’s need and budget: Essential and Elite.  The Essential plan benefits include up to $500,000 in medical expenses, global medical protection outside home country, emergency medical evacuation, $0 deductible and no coinsurance.  The Elite plan includes all of the benefits of the Essential plan with an upgraded limit to $1MIL in coverage, plus accidental death and dismemberment as well as adventure sports coverage.

“Many USSA members travel outside their home country frequently and it’s important to have the right insurance coverage in place in case something happens, whether at work or on holiday,” said Clayton Swart, MHG Business Development Manager. “We have seen many cases where people have gotten stuck with huge medical bills—because they thought they had the right plan in place.  The SET plan is so affordable and easy to administrate—that it is the perfect addition for peace of mind for your family or employees’ security.” Don’t fly naked, make sure you are covered by the SET plan! Go to www.mhginsurance.com/ussa for a quote TODAY! 

About the U.S. Superyacht Association 

The U.S. Superyacht Association (USSA) is a non-profit trade association incorporated in 2006, whose mission is to promote and support the U.S. superyacht industry and its members worldwide through advocacy, marketing and education. The USSA is comprised of more than 300 member companies representing 24 U.S. states and 17 foreign countries.  For more information, visit our website at ussuperyacht.com or call 800-208-5801.

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 more than 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 

About Point Comfort Underwriters 

Point Comfort Underwriters provides expert underwriting, claims administration, and assistance services for large international groups traveling and living abroad. They deliver world-class customer service from its headquarters located in the international insurance center of Indianapolis, Indiana. Staffed with a dedicated team of medical, technical and insurance professionals, Point Comfort Underwriters provides care to its customers around the world 24/7/365. They also understand that you may prefer the convenience of self-service. That’s why they empower all SET customers with their own personal travel insurance portal, my.pointcomfort.com, where most routine service needs can be handled. And, it’s where you can purchase coverage for new trips, and add Top-Up days to your current trip with just a click. For more information visit pointcomfort.com .

USSA Announces New Travel Insurance Plan Exclusively For Members

london The Isle of Man Maritime Group is hosting an evening reception during London International Shipping Week 2015 at historic Trinity House. LISW is one of the highlights of the maritime calendar with more than 100 industry events taking place in London from September 7-11. It is aimed at the movers and shakers from the international shipping and superyacht community. 

 

As official sponsors of LISW 2015, the Isle of Man Maritime Group’s “Nautical by Nature” event on September 8 will lead guests on a journey through the Island’s rich seafaring heritage to its current position of maritime centre of excellence.  Manx actors and musicians will bring to life the legacy of the Vikings; introduce the ringleaders of the Mutiny on the Bounty; remember the courage of Captain John Quilliam who was First Lieutenant on HMS Victory and set the scene for the inspiration of Sir William Hilary, who founded the RNLI

The music and drama will be showcased in the historic surroundings of Trinity House, the remarkable 18th Century headquarters of the Corporation of Trinity House, which has maintained British lighthouses since the 16th Century. Guests will be met by Isle of Man’s own sea cadets and guided up the grand, sweeping staircase to a reception on the first floor. All the rooms will be open to guests including the Pepys Room, the library and the reading room. 

Isle of Man Maritime Group Chairman, Bruce McGregor said: “LISW is the ideal opportunity for us to promote the wealth of maritime services and experience delivered on the Isle of Man. This event will celebrate our rich seafaring tradition and how we have evolved into a modern, technically astute global centre of excellence.” 

Guests at the reception will be able to meet representatives from the Isle of Man Maritime Group including the IOM Ship Registry; IOM Shipping Association; IOM Superyacht Forum KPMG; Bernhard Schulte Shipmanagement (Isle of Man); Döhle (IOM) Group of Companies; PDMS Maritime; Simcocks Advocates; MHG Insurance Brokers; Affinity Management Services and InterManager. To register for the event please visit the group’s website at www.iom-maritime.com or contact the group at enquiries@iom-maritime.com If you would like speak to someone from the group in more detail please contact Bruce McGregor on +44 (0) 1624 664000. 

LISW 

LISW will be the ‘must attend’ event of 2015, offering over 100 industry functions and unique networking opportunities for leaders across all sectors of the international shipping industry – regulators, charterers, ship owners, ship managers, bunker suppliers, lawyers, ship brokers, bankers, insurers, insurance brokers, commodity traders and brokers, ship suppliers, port operators, shipping service providers and many more. The UK is the leading centre worldwide for the supply of a broad range of professional and business services to the international maritime community, accounting for 21per cent of premiums in international marine insurance, over $64bn in committed ship finance (or 15per cent of the world loan book) and it has the largest concentration of legal service firms specialising in the sector.  London is also the predominant supplier of shipbroking services worldwide and is the major player when it comes to maritime dispute resolution. London is also home to the second biggest port in the UK. For more information, please visit www.londoninternationalshippingweek.com

The Isle of Man is "Nautical by Nature"

Long flights tend to get a bad rep. Use these 10 tips to help you survive your next international flight, but don't leave without getting travel insurance! Contact us at +1 954 828 1819 or +44 (0)1624 678668 or visit us at mhginsurance.com to find the best plan for you, your family, or group.

 

  international flight 

 

  MHG Travel Infographic

Tips to Survive Your Next International Flight

college graduateGet your caps and gowns ready because graduation season is in full swing across the country! Soon, hundreds of thousands of young adults will be looking to start their first job which will hopefully lead to a long and successful career. However, if you haven’t heard, the job market is tough out there, and in many cases, there are more candidates than available jobs. This makes for an increasingly competitive job market, with potential prospects doing whatever they can to get a competitive edge, or get one up on the competition. As an employer it can be quite overwhelming if you’re looking to fill new positions with fresh talent. In many cases, you may be bombarded with potential candidates, some of which may not even have the skills or requirements that you are looking for. However, if you’re lucky, you may find multiple, qualified candidates. If you find yourself in this situation, it can be hard selecting just one. Keep these tips in mind in order to not only find a candidate who is qualified, but also one who will be a perfect fit within your company.


Make Your Expectations Very Clear 

It is very likely that the candidate you are interviewing is not familiar with some of the industry jargon that you use around the office. It is important to be very clear with your expectations, job descriptions, and qualification requirements. Try to avoid using general statements and broad descriptions. For example, instead of saying this job requires good communication skills, be specific on how and what they need to be good at communicating such as, the ability to communicate orally and verbally to a large group. 

Do They Know What They Want to Do?

Many young adults aren’t quite sure what they want to do with their life, even after graduation. While this is perfectly normal, try to hire a candidate who knows exactly what they want to do. Someone who may still be figuring out what they want to do with their life, may discover that they do not like what they are doing, which can lead to having to hire and retrain someone which can be a waste of time and money. 

Passion Can’t Be Taught 

While experience is very important, there is no class that teaches passion! A passionate worker often leads to a dedicated worker. It’s always good to have someone who takes pride in their work, and someone who truly wants to be successful around the office. Hopefully they’ll rub off on others too! 

Help Them Succeed! 

Keep in mind that if you are hiring someone fresh out of university, there is a very good chance that this will be their first “grown up job.” Expect some mistakes to be made along the way. This is your chance to teach good habits and mold them into a strong, successful worker you want them to be. After all, the more successful they become, the better you look, and the more successful your company will be. 

Try an Internship 

Sometimes, no matter how extensive the hiring process is, you can find that later down the road that the person you thought was a perfect fit, is actually the complete opposite. To help avoid this situation, use a “trial run” to make sure the prospect isn’t “too good to be true.” Internships can often help in this area. Not only is it non-committal, but also leaves you in control. If during the internship they prove themselves to be a perfect fit to your culture, you have the opportunity to offer them a permanent position! 

Finding new employees to join your team can be an arduous task, but a good workforce is critical to a company’s success, and it all starts with the people you hire. Once they’re hired, keep them happy and dedicated by offering great benefits! Whether you are buying group health insurance for the first time or looking for an alternative to your current plan, the Insurance Specialists at MHG are happy to help! For help understanding some of the tricky health insurance lingo, read our previous blog, “Health Insurance Terms 101.” Call us at 954-828-1819 or visit us online to learn more about medical insurance, dental and vision packages, long and short-term disability, life insurance and gap insurance. Let our insurance specialists find you and your group the best insurance available for your requirements and budget.  

Hiring the Best College Graduates