What is the difference between Replacement Cost Value (RVC) and Actual Cash Value (AVC)? Let’s find out!
The term coinsurance has a variety of meanings within the insurance industry. Here, we’ll focus on the role it plays in Commercial Property insurance, specifically on Building, Business Personal Property and Business Income coverages.
ACORD forms are used by all insurance professionals. Here’s a refresh on their general format and how to complete this critical piece of the coverage process.
In the event of a large-scale terrorist attack, this act enables insurers to write coverage for risks that could otherwise render them insolvent. Let’s dive further into what it is and when it’s used.
General Liability is often referenced as if it is one coverage, however it’s actually a broad term that refers to a package of coverages and coverage limits. These coverages as designed to provide protection against lawsuits alleging bodily injury, personal injury, and property damage due to negligence.
Let’s dive into what it is, when it’s used, and why/how it can affect your insureds.
By now we’re all well aware of the enormous impact the pandemic is having on the U.S. society and economy. So it’s no surprise that the SME insurance market has been affected as well – let’s dive right in on the details, shall we?
These are exciting times for technology innovation in the insurance industry. Giant investments are being made and start-up tech firms focused on our industry are sprouting up every day.
A risk goes through many stages during the coverage process, further once bound the policy is comprised of declarations, exclusions, definitions and more, so what does it all mean? Let’s take a closer look.