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.
In insurance words mean different things in different policies, it’s probably why most people think insurance is complicated and cumbersome. Coinsurance is one of those words and it means something much different in a property policy then it does in your health insurance or D&O policy. Find out how it can reduce your claim payment in the property policy.
Deductible and self-insured retentions (SIRs or simply retentions) are similar in a lot of ways, but they are not the same. In this 3 minute video I explain two of the biggest differences that could impact your cash flow and your total out of pocket costs.
How your auto policy protects you when someone hits you that either doesn't have insurance or not enough.
Employers Liability, not to be confused with Employment Practices Liability, is an insurance coverage typically found in a Workers Compensation policy. Compared to workers comp, there are very few claims filed under this portion of the policy, and as a result it is not very well understood.