Allied’s own Chris Beardslee Honored by MichBusiness

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Allied Insurance Managers own Chris Beardslee is being honored by MichBusiness as one of Michigan’s best individuals to do business with. The Best of MichBusiness awards program is dedicated to one thing – recognizing those companies and individuals that make Michigan a top-notch place to do business.

MichBusiness is a social media community whose mission is to celebrate and promote both success and opportunity within Michigan businesses. By using #michbusiness in all things you write or read related to business in Michigan, you help spread the word and help us give a “High Five” to the outstanding things going on in Michigan.

The Best of MichBusiness event celebrates success in grand style, as the most exciting and connected business awards and networking opportunity in the State of Michigan. We expect approximately 100 honorees in various categories and over 300 attendees from all walks of life, representing all types of businesses in Michigan.

For more about the MichBusiness awards and award winners please go to: Best of MichBusiness

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8 Ridiculous Celebrity Insurance Policies

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Celebrity insurance can get just plain weird. Specialized cars, exclusive homes, private planes are not things the “average Joe” has to worry about, and the average insurance company has to cover. But the real weirdness happens when actors, actresses, and sports heroes start to get specific with their coverage. Really specific. Down to the finger, in fact. 

Some of these policies are taken out by the celebrity to insure future income after an injury or illness. Some are taken out by the companies that profit from celebrity endorsements. All are worth a laugh or two.

Protect the Golden Cow!

Nobody wants to lose a rainmaker. That’s why companies take out insurance on the celebrities that make their brands shine. But things can get strange very quickly when it comes down to the nitty-gritty of celebrity coverage. These are a few of the most ridiculous celebrity endorsements around.

1. Troy Polamalu’s Hair

Yes, you read that right. Not the legs or the shoulders or the hands, but the football player’s hair. Shampoo maker Proctor & Gamble insured this Steeler’s curly Samoan locks for $1 million, after he signed an endorsement deal with Head and Shoulders. He hasn’t cut his hair in over ten years, and with a price tag like that, he probably won’t go near a barber anytime soon.

2. Heidi Klum’s Legs

When she started modeling her legs for Epilady, razor brand Braun reportedly took out a policy for $1.6 million. But that’s not the strangest tidbit. One of her legs is insured for $200,000 more than the other, because of a small scar on the left. She says that since the initial policy was instated, the amount of coverage has risen to $2 million.

3. America Ferrera’s Smile

Aquafresh saw a lot of potential in America Ferrera’s gleaming teeth. They expected to make so much profit from her celebrity endorsement that they insured her smile for $10 million, in part to raise money for a charity called Smiles for Success. That’s a pretty good reason to smile.


Yes, I’m Worth It.

When celebrities insure themselves, they take into account what their most lucrative assets really are. Some of their choices may surprise you, while others make perfect sense.

1. Mariah Carey’s Legs

If Heidi Klum thought her legs were valuable, she had nothing on Mariah Carey. After signing a deal with Gillette, the singer took out $1 billion in coverage on her legs. Her people reported that it was necessary because she was about to start another big tour, and her popularity made that investment necessary.

2. David Beckham’s Whole Body

How much is one soccer player worth? In 2004, Beckham was billed as the highest paid player in history, between salary and endorsement deals. Maybe that’s why the internationally-renowned footballer took out the largest personal insurance policy in sports history, namely $195 million, on his own body. It insured against injury, illness, and disfigurement.

3. Keith Richards’ Middle Finger

Not the whole hand, but one middle finger was insured for $1.6 million. That’s what happens when you’re a guitar genius – you play favorites with your fingers.

4. Dolly Parton’s Breasts

This one may sound strange, but it probably isn’t terribly surprising. After all, besides an iconic career and a huge canon of classic country hits, the singer is best known for her incurable bounce. There might be a bit of sticker shock though, when you read the price tag: $3.8 million for the pair.

5. Jennifer Lopez’s Butt

Sometimes you don’t get to choose what makes the money. In JLo’s case, her singing and acting career has been immeasurably helped along by a famous rear end. How much is a golden booty worth these days? Apparently, around $27 million. How much is your butt worth?

Gain or Loss: Business Insurance Broker on Workers Comp Rate Drop

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In a bid to attract more investors to Michigan, the state began pulling its workers compensation rates down in 2011. According to the Workers’ Compensation Agency (WCA), as of 2014, the rates have dropped by 22.7 percent over a three-year period, and are still expected to drop further next year, bringing them to 27.7 percent over a four-year period. Continue reading…

Companies Need Reliable Business Insurance in Michigan

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The continuous development of technology has made it possible for people to easily perform daily tasks and to gain a better quality of life. The innovations introduced in the past ten years alone, such as smartphones and superior Internet connection, have sparked a huge public demand for reliable products and services from existing and startup tech firms. However, these types of businesses, as well as many others, face their own set of significant challenges, such as the ones discussed by Bloomberg Businessweek contributor Karen E. Klein:
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Homeowners Insurance in Michigan is Essential for Second Home Buyers

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Buying a second home can be a means to benefit from an additional source of income or a way for families to enjoy a quick weekend getaway from the hustle and bustle of life in the city. Some even buy a second home in preparation for retirement. However, purchasing any form of real property is not to be made lightly because of complexities involved in the cost of acquisition. In an article for Forbes, Kate Ashford discussed the cost factor in detail when it comes to buying a second home:
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