Claims preparation expense is a critical aspect of insurance coverage, allowing businesses to recover costs associated with presenting claims to insurers. Here’s a detailed look at how these expenses are defined, calculated, and managed under…
Errors and omissions (E&O) insurance, also known as professional liability insurance, is essential for professionals providing services or advice. This insurance covers claims of negligence, errors, or omissions in professional services rendered by the policyholder.…
Facing unexpected events is inevitable. But how we respond can significantly impact future outcomes. This blog post delves into the importance of a structured incident report approach, empowering you to document events clearly and glean…
Accidents and unforeseen events happen. When they do, clear and concise reporting is crucial. This blog post explores a set of key questions that empower you to gather the necessary information for effective incident reporting.…
An insurance policy safeguards you financially, but it’s a two-way street. A notice of cancellation from your insurer indicates their intent to terminate your coverage on a specific date. Let’s delve into what this means…
Ever receive a letter from your insurer mentioning “non-renewal”? This isn’t goodbye, but a notification that your current insurance policy won’t be automatically extended. Let’s explore what this means for you. What is a Notice…
Imagine your insurance policy as a safety net. An insurance incident is any event that triggers this net to catch you financially – a car accident, fire, theft, or even a natural disaster. The Claim…
Insurance protects you financially, but it’s a two-way street. Coinsurance embodies this concept by establishing a risk-sharing mechanism between you and your insurer. How Coinsurance Works: Coinsurance in Property Insurance: The Importance of Understanding Coinsurance:…
Ever received a stack of documents from your insurer and wondered what it all means? The policy schedule acts as your cheat sheet, summarizing the essential details of your insurance coverage. What’s Included in a…
