Blog
What are the extra benefits given by Speciality Auto Insurance over standard auto insurance?
If you are looking to purchase a new car then it is normal to purchase standard auto insurance to safeguard from any financial loss or any kind of liability risks. But in certain situations, standard auto insurance policies are not enough to provide the right insurance to certain special vehicles. A Speciality Auto Insurance policy is required to accurately meet
What is EPLI insurance and who needs it?
If you are owning any type of business regardless of the industry, there is always a risk of being sued by your employee. While you may have safeguarded your business from external factors like wind, fire, etc, an employee lawsuit may also dent your business in a significant manner. Even if done without intention, damage to the rights of an
Roof Insurance
Homes come in all shapes and sizes, but every one of them has a roof—likely the most important aspect of our homes. So, when it comes to insurance, do you know if your roof is covered? Perils Covered Under a homeowner’s policy, the coverages generally covered are hail, wind, and fire. The following scenarios are ones in which you may
Bond insurance and a brief on its types
Bond insurance is a kind of insurance policy that is purchased by a bond issuer for assuring the settlement of the principal and all related interest payments to the holders of the bond in the case of default. Bond insurance is bought by the bond issuers for increasing their credit rating and decreasing the percentage of interest required to be
How to Save Money on Insurance
Everyone needs insurance, and none of us want to pay more than we need to. So, of course, we will make special efforts to get the best deal available. Here are a few simple ways to save money on your insurance. Find the company with the best rate for you. Different companies have preferences and differing rates according to a
Calculating Coinsurance
Some business insurance policies include a coinsurance clause. If your policy includes a coinsurance clause, the amount of insurance you have purchased (the limit of insurance) must equal or exceed a specified percentage of the value of the insured property. For example, if 80% coinsurance applies to your building, the limit of insurance must be at least 80% of the
Disability Insurance: What is it and why one would need it?
A major strength for the majority of persons is the capability to work and get appropriate income. Irrespective of their occupation, disability is a risk that can be faced by every working individual, posing a big risk to their income. With all these risks, what would be the condition if a person suddenly loses the capability to earn income? What
What is security bond? How does a security bond work?
Security or surety bonds possess different distinctions to the classification and purpose relying on the necessity of that particular bond. There are multiple kinds of surety bonds in the United States while some offer coverage and comply with local, state, and other federal requirements, and others ensure guaranteed tax payment or other financial requirements. Keep reading below to know more about
The 5 Step Guide to protect your business with Cyber Insurance
With the high dependency of current businesses on technology, digital transformation is an essential aspect of every industry. The majority of businesses are performing their key aspects online including storing the customer data, banking, selling of products/services, and many more. This has also increased the probability of cybercrimes from fraudulent activities both in complexity and frequency. It has increased the importance
What is the role of insurance in Risk Management?
A well-organized risk management system is important for ensuring the optimal success of businesses in long-term operations. The main aim of risk management is to find the possible risks before they create havoc in the system and strategize to handle them in advance for negating the impact on your business objectives. It guarantees several key aspects of business-like smooth flow
