Woodruff-Sawyer & Company recently announced the launch of BizInsure, a website that aims to make shopping for commercial insurance easier.
The website (bizinsure.com) is the result of a collaboration with BizCover Pty. Ltd., an online division of Australia-based Mega Capital. The new site comes after two years of research, technical development and negotiations with top insurance companies that the San Francisco-based brokerage, which has a Novato office, hopes will offer "a new way of thinking, a new way of underwriting, and a new way of pricing professional liability insurance for independent professionals and small to midsize businesses."
According to Woodruff-Sawyer, the insurance industry generally has been slow to adapt to technological innovations, and the new BizInsure website aims to correct that by giving employers "simplicity, convenience, reliability and affordability" when seeking coverage. Businesses with less than $2.5 million in annual revenues in particular will be targeted.
"We recognized that this is a great way to reach new customers," said Charles Russon, chief executive officer of Woodruff-Sawyer.
Currently, BizInsure provides insurance needs for 225 professionals is all 50 states.***
Enrollment in Medicare Advantage plans is expected to increase by 11 percent in the next year, and premiums will remain steady, according to the U.S. Department of Health and Human Services.
Premiums on such plans have dropped by about 10 percent, while enrollment is up by 20 percent since the Affordable Care Act was signed in 2010, according to the department.
The average Medicare Advantage premium in 2013 is projected to increase by $1.47 from the previous year, according to HHS.
Since the health overhaul was enacted in 2010, 5.4 million people with Medicare have saved more than $4.1 billion on prescription drugs, according to the Centers for Medicare and Medicaid Services.***
The National Committee for Quality Assurance ranked Kaiser Permanente Northern California as the eighth-best commercial plan in the country and the third-best Medicare plan in its most recent survey, Kaiser announced recently.