When should you drop full coverage?
When should you drop full coverage?A good rule of thumb is that when your annual full-coverage payment equals 10% of...
BUSINESS
What does NAIC stand for?
What does NAIC stand for?The National Association of Insurance Commissioners The National Association of Insurance Commissioners (NAIC) is the U.S....
What is the waiting period for business income coverage?
What is the waiting period for business income coverage?72 hours 2. Understand the time deductible. Most BI coverage comes with...
Is Lae part of loss ratio?
Is Lae part of loss ratio?Net Incurred Losses and LAE Net Contributions The loss and LAE ratio (or simplified as...
What are the two types of marine insurance?
What are the two types of marine insurance?The three most common types of marine insurance are hull, cargo, and protection...
What is not covered under Coverage B?
What is not covered under Coverage B?What Coverage B Doesn't Cover. While your Coverage B can offer a lot of...
What is the difference between insurer and reinsurer?
What is the difference between insurer and reinsurer?In simple terms, insurance is the act of indemnifying the risk, caused to...
Does Warren Buffett still own Dairy Queen?
Does Warren Buffett still own Dairy Queen?Berkshire Hathaway has an amazing range of businesses under its umbrella. Buffett is a...
What is Pi and PL insurance?
What is Pi and PL insurance?While both Public Liability and Professional Indemnity Insurance are designed to safeguard businesses against claims...
When should I claim insurance?
When should I claim insurance?A good rule to follow is to only make a claim in the event of a...
