The U.S. Supreme Court held that the Commerce Clause of the Constitution does not extend to insurance coverage. Congress passed the McCarran-Ferguson Act in 1945, which further declared that state-stage regulation of insurance served the general public curiosity. States have subsequently enacted a wide range of laws regarding insurance, such because the Texas Insurance Code.
Depending in your state, it may be a requirement to supply workers’ compensation, unemployment, and incapacity insurance coverage. More importantly, it helps shield your workers from monetary damage. Not to say, pleased and cared-for employees are productive employees. If you’re caught without insurance after a pure catastrophe, you’ll be caught selecting up the pieces of your property on your own. Some insurance coverage is required by law, especially if you have employees. It’s important to remain compliant to keep away from fines, penalties, and other consequences of breaking the regulation. Real estate transactions are major purchases for most individuals, and title insurance provides important protection for that funding.
On new matters, we shortly determine the important thing issues and challenges and don’t have to “reinvent the wheel.” Even our most junior associates are subject matter specialists who efficiently add value for our clients. our college students examine with the most subtle insurance coverage law experts within the nation. New York City and Boston are just two hours away and Fairfield County, Connecticut, the hedge fund capital of the United States, is even closer. Now that you simply’re signed up, we’ll ship you deadline reminders, plus … Read More