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What is the Difference Between Medical, Disability, and Long-Term Care Insurance?

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Toddler at a Check-Up

Navigating the world of insurance can be challenging, but understanding the distinct purposes and coverages of various types of insurance is essential. Here, we’ll explore the differences between medical insurance, disability insurance (DI), and long-term care insurance (LTCI). Medical Insurance Coverage: Medical insurance covers expenses related to healthcare services such as doctor’s visits, hospital stays, … Read more

Gifting Whole Life Insurance to Children and Grandchildren

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Multiple generations in a family

In the journey of securing the financial future of our children and grandchildren, one enduring gift stands out — Whole Life insurance. More than just a policy, it’s a cornerstone for generational wealth, offering stability, flexibility, and a legacy that transcends lifetimes. At GMIS, we understand the significance of this gift and how it can … Read more

The Tax Advantages of Group Insurance & Employee Benefits for Businesses

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Business owners are constantly balancing the needs of their companies with financial responsibilities. One area where this balance can be optimized is through group insurance and employee benefits packages. Beyond the immediate advantages for employees, these offerings also provide significant tax benefits for businesses. But how exactly do these benefits translate into tax advantages for … Read more

GMIS Warns Clients About Strict Payment Deadlines & Policy Cancellations

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Current State of California’s Insurance Market As the California insurance market continues to face unprecedented challenges, we understand that you may be concerned about the state of your insurance coverage. In light of recent developments and the increasing volatility in the industry, we would like to provide further insights and recommendations to help you safeguard … Read more

What Every Business Should Know About Commercial General Liability Insurance

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There are many things that can go wrong when running a business. Natural disasters, employee mistakes or mishaps, the loss of goods, and lawsuits can affect any company in just about any location. Even cautious business owners who take measures to prevent problems can’t avoid them altogether. The good news is that commercial liability coverage … Read more

California Insurance Coverage Crisis: What You Need to Know

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If you live in California, you may be aware of the concerning situation currently unfolding in the insurance market. Many insurance carriers are canceling, delaying, or declining to offer coverage for home, auto, and other personal insurance products. As a result, many Californians are now facing challenges in finding affordable and reliable insurance options. What … Read more

Why Purchase Cyber Liability Insurance?

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As the cost of inflation takes a bite out of business profits, many company owners are looking for ways to cut back on coverage. However, cyber liability insurance isn’t an optional policy. It can spell the difference between a business that is successful long-term and one that is forced to shut down permanently. Statistics show … Read more

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What Are the Benefits of EPLI Insurance?

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Employment practices liability insurance, or EPLI as it is commonly known, is not one of the most common business insurance policies on the market. In fact, recent statistics show that only 3% of small businesses with fewer than 50 employees have this form of coverage. However, it is one of the most important insurance policies … Read more

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How Does Commercial Earthquake Insurance Coverage Work?

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While earthquakes in California aren’t as common as floods and fires, the state is particularly vulnerable. Three out of the five most deadly disasters in the Golden State since 1950 have been earthquakes, and it is only a matter of time before “the big one” hits. While there isn’t anything a business owner in the … Read more

What Every California Homeowner Needs to Know about Flood Insurance

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Flooding is the number one natural disaster in the United States and Golden State residents are particularly vulnerable. Every single county in California has been declared a flood disaster more than once and estimates indicate that 20% of California residents are at risk of damage should a flood occur. Flood insurance naturally won’t prevent damage … Read more

The Rising Costs of Property Insurance: Understanding the Impact of Construction Costs

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As a property owner, it is important to understand how changes in the construction industry can affect the cost of your property insurance. In recent years, the cost of construction materials and labor has been on the rise, and this trend is having a significant impact on property insurance premiums. Construction costs have increased for … Read more