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.
Don't want to be surprised when the insurance company tries to settle a claim you don't agree with then check out this video.
If your company offers benefit plans you probably need it, regardless of whether you administer the plan or not. In the video below I go over what Fiduciary Liability coverage is and some real world claim examples.
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