Insurance policies can be confusing and overwhelming to navigate. However, understanding the insuring agreement is crucial in ensuring that you have adequate coverage for your needs. The insuring agreement outlines what exactly is covered by your insurance policy and what is excluded from coverage. In this blog post, we will dive deeper into the details […]
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Are you planning a road trip or traveling for business and considering renting a car? It’s important to know what kind of insurance coverage you have in case of an accident. Liability insurance is one type of coverage that many people already have, but does it cover rental cars? The answer may surprise you. In […]
Your home is one of the most significant investments you’ll make in your lifetime, and it’s natural to want to protect it. Home insurance offers a sense of security for homeowners against unexpected disasters like fires, thefts, or water damage. But what about cracked walls? Are they covered by your home insurance policy? In this […]
Health insurance is a vital part of everyone’s wellbeing, but what happens when you have the option to enroll in your employer’s health insurance plan? The decision can be overwhelming, especially if you’re unsure about the benefits and eligibility criteria. In this blog post, we will explore whether or not you have to accept your […]
Insurers’ premiums are often the biggest business expense for contractors. So it stands to reason that contractors who are successful should try to reduce their insurance costs as much as possible. It is possible to do this in many different ways. Some methods are simple, such as price shopping to find a policy. Other techniques, […]
A company purchases insurance with the expectation that they won’t need it. When they do have to file a claim, they expect it to be handled smoothly. It is expected that legitimate claims will be paid and that bogus claims won’t. While most claims are dealt with without incident, there are some cases that we […]
Profit is what you are in business for. You want to increase margin and not turn over. Credit Insurance is the only way to achieve this. Credit Insurance meets all criteria for B2B companies selling credit terms. You will be more profitable because you can sell more, which will increase your efficiency and reduce your […]
The coverage the insured can get varies from the minimum coverage provided by the S.G. Policy (Ships and Goods Policy), to the full protection of “All Risks whatsoever”. The S.G. Policy protects goods from damage or loss (total and partial) due to the perils of sea. The goods in transit are also exposed to additional […]
The insurance industry had a record 2006 year. 60 billion dollars in profits were made, which was one of the highest grossing years in industry history. This record return was due in large part to the 2006 hurricane season which was more successful than those of the previous years. Insurance companies were forced to raise […]
For the past year and half, we’ve been on a downward slope in the commercial insurance industry. 2006 saw profits at an all-time high for the insurance industry. These record profits led to a flood in capital into the market for insurance. Many new insurance companies were also created and started operations, increasing competition and […]