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What Is Business And Retail Insurance?

Property Insurance Centre

Legal Expenses: Having legal expenses cover as a business owner is something that should be considered. Although not always standard on a business insurance policy, it can be added for an extra premium. The additional premium could be as little as 25 and can give up to 250,000 worth of cover for any one claim.

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Reflecting on the first 25 Years of LMI Group

Prof. Allan Manning

L oss Management International (Post loss Claims Preparation and Loss Adjusting) , Risk Management International (Pre Loss policy program reviews and business interruption sum insured reviews), and Claims Management International (Post Loss Third Party Administration services) based in Melbourne, Australia.

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5 Health Insurance Essentials Brokers Should Know

Word & Brown

In your role as a broker and consultant for your individual and business insurance clients, you want to be sure you’re able to provide the personal service they want, while also doing what’s necessary to nurture a long-term relationship. You could also be asked about a plan’s claims efficiency rating or A.M.

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5 FCA permissions for advising on commercial insurance.

Protect Commercial Insurance

This covers a range of activities – for example, introducing a customer to an insurer or insurance broker, helping someone fill in an application form and sending a customer’s application to an insurer. Assisting in the administration and performance of an insurance contract. Dealing in investments as agent.

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What is Fair Value and what does it mean for the insurance market?

Protect Commercial Insurance

These rules came into effect for Home & Private Motor insurance. Whilst we’re predominantly a commercial insurance broker, the new ruling affects our high-value household policies. A changing claims market, laws, increased repair costs and severe weather however also have an impact on premiums.

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Pandemic Fuels Growth in Captive Insurance

Triple-I: Workers Compensation

If such a captive insures only the risks of its parent or subsidiaries, it is called a “pure” captive. The global insurance broker and risk advisor’s survey of more than 1,300 captives also shows that gross written premiums in this area grew from $54 billion in 2019 to nearly $61 billion in 2020.