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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

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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

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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

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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

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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

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If you are running a business, vehicles are key for taking care of related multiple tasks. These vehicles may be leased, rented, or owned play a major role in deciding the success of your business. Regardless of transporting the goods to any service regions or deliveries to clients, several firms look to have optimal functioning of their vehicles of significant

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There was no escaping the coronavirus in 2020 and the pandemic will continue to be a dominant Business risks in 2021. Covid had a huge effect on the potential disruption and loss scenarios companies are facing in the wake of a pandemic. In a recent study done by Allianz, there were 3 main risks that had the biggest impact on

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Several people tend to ignore buying an insurance policy since they feel it is an extra investment or waste of money. But there are chances that you may realize its importance only if you encounter certain kinds of accidents or mishaps. As routine life consists of many highly unpredictable situations, it is safe and wiser to be well prepared to

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THE MATERIAL CONTAINED IN THIS ARTICLE IS PROVIDED FOR GENERAL INFORMATION PURPOSES ONLY AND DOES NOT CONSTITUTE PROFESSIONAL ADVICE. [RISK MANAGERS LLC] DOES NOT PURPORT TO BE A SUBJECT MATTER EXPERT WITH REGARD TO THIS MATERIAL, AND YOU SHOULD CONDUCT YOUR OWN RESEARCH AND/OR SEEK THE ADVICE OF APPROPRIATELY QUALIFIED PROFESSIONALS WITH REGARD TO YOUR SPECIFIC CIRCUMSTANCES BEFORE YOU TAKE

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Insurance is the financial support for any impulsive situation of life. The concept of insurance is to offer protection to loved ones who face the loss due to some unpredictable incident. As life always does not go on unpredictable lines, there can be an occurrence of unforeseen situations can occur at any time, any place to anyone. With such possibility,

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