Tag: Insurance

17
Jan

What does Personal Umbrella Policy mean?

Imagine a situation where a person gets injured harshly from your vehicle while driving. If the person becomes unable to work due to this mishap, they may sue you for compensation. This could lead you to shell out a huge amount that might not be covered with the standard policies. In such cases, personal umbrella policies will safeguard your interests

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20
Oct

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

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12
Oct

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

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30
Sep

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

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1
Sep

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

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23
Aug

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

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14
Jun

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

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15
Feb

What Is The Difference Between Term Insurance, Life Insurance & Health Insurance?

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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25
Jan

What risk manager responsibility?

As a business owner, you might have loads of responsibilities including finding new strategies  to reach target customers, identifying new sources for finance, streamlining the workspace,  hiring process, etc. There are chances that you may neglect or don’t find time in having an  effective risk management strategy. There may be some easily visible risks that can be  handled by yourself,

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27
Oct

How Not Knowing Commercial Insurance Makes You a Rookie

As you start a new business, many tasks must be carried by you as a business owner and could have a terrible consequence if not handled well. Similarly, a crucial task of a business owner is to get accurate business coverage to ensure that the business is protected in case of any unavoidable situations. Commercial insurance is a crucial form

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