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.
Through the years I have been asked many times why a company needs to carry E&O insurance. The truth is not all companies need it, but many do. Find out why you might need it and if you don't need it why you should make sure your service providers should have E&O insurance in place. … Continue reading Errors & Omissions Insurance – An Overview
Not many things are what they seem when it comes to an insurance policy so when we find something that seems straightforward and actually is we should all rejoice. "Medical Payments" found in the General Liability policy is a coverage that is what it sounds like it should be, it pays for medical costs that … Continue reading Medical Payments? No, I’m not talking about Health Insurance
Want to learn more about your insurance policy? Take less then 2 minutes (1:56) to find out about coverage when the power goes out.