What is the basic business model of commercial insurance?
What is the basic business model of commercial insurance?The essential insurance model involves pooling risk from individual payers and redistributing...
BUSINESS
Are insurance companies profitable?
Are insurance companies profitable?Insurers and Profit Margins Many insurance firms operate on margins as low as 2% to 3%. Smaller...
What is an equipment breakdown policy?
What is an equipment breakdown policy?Equipment breakdown coverage is an optional part of a business insurance policy that may help...
Is business interruption insurance included in general liability?
Is business interruption insurance included in general liability?Business interruption insurance (also called business income coverage) is typically bundled together with...
What is an insurance bond for a company?
What is an insurance bond for a company?Surety bonds. Surety bonds act as a contract between a business, a client,...
How are insurance companies structured?
How are insurance companies structured?Insurance companies are generally organized in five broad departments: claims, finance, legal, marketing and underwriting. Marketing...
What is an example of insurance in business?
What is an example of insurance in business?Commercial property insurance Examples of peril-specific policies include fire, flood, crime and business...
Is business interruption insurance expensive?
Is business interruption insurance expensive?Average business interruption insurance costs If you operate a small, low-risk business, coverage will cost much...
What is an insurance valuation?
What is an insurance valuation?A valuation for insurance determines the value of replacing the item from new if it was...
Do I need my own insurance for a company car?
Do I need my own insurance for a company car?If you have a company car, it's likely you won't need...
