What is Estate Planning? Part 2: Determine Your Wishes

What is Estate Planning - TJ Woods - Worcester, MAThough we never like to think about death, it is something that we each need to prepare for. In all likelihood you will be leaving behind something of value, not to mention those you love. What happens to those you love? What happens to everything of value which you have accumulated over the years? We all except and hope to live long lives, but it is prudent to be prepared for the unpredictable future. This is the value of estate planning.

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What is Estate Planning? Part 1: Asset Inventory

What Is Estate Planning  - TJ Woods - Worcester, MaThough we never like to think about death, it is something that we each need to prepare for. In all likelihood you will be leaving behind something of value, not to mention those you love. What happens to those you love? What happens to everything of value which you have accumulated over the years? We all expect and hope to live long lives, but it is prudent to be prepared for the unpredictable future.

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Does Your Business Need Inland Marine Coverage?

When business owners hear of inland marine coverage, they often assume they don’t need it because usually their business has nothing to do with boats or anything marine related. However, modern day inland marine insurance is not just limited to those with seafaring inclinations, but is expanded to cover a wide variety concerns. Some of which will likely affect you.

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Is Fiduciary Liability Insurance Right For Your Business?

Fiduciary Liability Insurance - TJ Woods Insurance - Worcester, MAThere are many times when you need someone who will represent you on your behalf. Say you have an investment account in which you are placing your retirement money. You have empowered a stock broker to have access to your money with the idea of increasing your wealth through investment. You are trusting this stock broker to act on your behalf and to your advantage. You would certainly want that person to be making smart decisions for you—after all that is what you are paying them for.

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Why You Want Loss Assessment Coverage

If you live in a condo it is likely that you have a homeowners association (HOA) as an insurance policy which will cover things that happen in the common areas (areas outside of your personal unit). If so, they why would you need loss assessment coverage? There are times when you will need it and actually when you will be thrilled to have loss assessment coverage.

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What is Boiler and Machinery Insurance?

Even if you own a 9-5 business, and your hand working employees have gone home for the day, you still have workers laboring all night for you. They aren’t second or third shift crews; rather, they are machines: your heating and air conditioning systems, your boiler, and many other systems are still faithfully doing their job. Just as you need insurance to cover your hourly workers, you need insurance for these important mechanical workers. Without it, a frozen pipe or a leaking valve could result in thousands of dollars of damage. This is what boiler and machinery insurance is designed to protect against.

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