In this video I describe what and who hired and non-owned auto coverage protects. I discuss the skyrocketing cost of auto claims over the past few years and why all companies should have this coverage. I also discuss the beautiful background featured in all of my videos to date. https://youtu.be/RSQ7iNgUC6U
If you have a property loss, submit your claim to the insurance company and they only reimburse you for the cost to reproduce your merchandise or product would you be mad? Would you expect to be reimbursed at the selling price instead? How would this impact your revenue and cash flow? The standard property insurance … Continue reading Insuring Your Product at Selling Price
Like all things with insurance there is no definitive answer about how much money you will get back when an insurance policy is cancelled. There are things called short-rate, pro-rata, and minimum earned premium that can all impact how much money you get back if your insurance policies are cancelled.