Scott Simmons Joins The American Insurance Group

Chattanooga, TN – Scott Simmons has joined The American Insurance Group, LLC as Partner and Chief Operating Officer, effective September 18, 2017. Mr. Simmons, a Chattanooga native and graduate of The McCallie School, brings a diverse educational and professional background to the company. Mr. Simmons graduated from the University of Tennessee with a B.S. in…

Read More

3 Types of Insurance Small Businesses Need

Insurance is critical to the long term financial success of any business. Not having adequate insurance in place when a catastrophic event happens can cost you the business you worked so hard to create.  While there a many different types of insurance available, here are three that every small business should have. General Liability This type…

Read More

Your Group Life Insurance May Be Taxed

According to the IRS life insurance provided by an employer may be taxed. The following information is provided directly from the IRS website:   Group-Term Life Insurance Total Amount of Coverage IRC section 79 provides an exclusion for the first $50,000 of group-term life insurance coverage provided under a policy carried directly or indirectly by…

Read More

EMV Fraud Liability Shift

The fraud liability shift is already in affect.  You may have noticed over the last few months most of your credit cards have been upgraded to the new chip technology.  This upgrade helps protects consumers and businesses by making it virtually impossible to replicate and create counterfeit credit cards.  However, for business owners that have…

Read More