What Are The Benefits Of Business Owners Insurance?
Commercial insurance is designed to help protect many of the risks your business can face, including: damage or destruction to your business vehicles certain liability exposures resulting from the operation of your business vehicles damage or destruction to your office equipment or inventory loss of income in case you have to close-up shop temporarily because of a covered loss certain business related liability exposures such as, wrongful entry or search, libel, slander and even certain offenses arising out of your businesses advertising risks to your cargo while in transit or storage theft or loss of tools and equipment crime coverage including robbery, burglary, even employee dishonesty
Popular Insurance Questions
Popular Insurance Glossary Terms
Insured, or an applicant for insurance, with lower expectation of incurring a loss than the standard applicant. For example, an applicant for life insurance who does not smoke can usually ...
Record of ordinary policies that a combination agent is responsible for servicing. ...
Professional designation conferred by the American College. In addition to professional business experience in insurance planning and related areas, recipients must pass national ...
Reinsurance clause that stipulates that the reinsurer will be subject to the same fate as the ceding company. ...
Return of a prorated portion of premium after a policy is canceled by the insurer. Under most property and liability insurance policies, the insurer can cancel at any time but must return ...
Claim by the pension benefit guaranty corporation (PBGC) against an employer for reimbursement of the PBGC's loss (for a terminated plan) up to 30% of the net worth of the employer. If this ...
Losses representing claims not paid. ...
Home office underwriter who evaluates risk based on probability, statistics, and medical knowledge. ...
Arrangement in which a re insurer makes payments to an insurer whose losses exceed a predetermined retention level. Non proportional reinsurance is either facultative or automatic. ...
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