American Agents Alliance

APRIL 3, 2025

This drives up the cost to repair, impacting claims costs. Proactively explaining and educating policyholders about the ways that global macroeconomic issues impact claims costs, and in turn, insurance premiums, is a best practice. Many policyholders do not realize the connection between tariffs and insurance costs.

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Agents Policyholder Premium Auto Insurance 52

Freeway Insurance

OCTOBER 8, 2023

Understanding how much car insurance claims typically cost involves taking a look at the complicated world of car insurance, where many things can affect the numbers. The average cost of auto claims is important to both insurance companies and people who have insurance. What Is A Car Insurance Claim?

Auto Insurance 52

Auto Insurance Insurance Claim Claim Out-Of-Pocket 52

AMAXX

JANUARY 14, 2025

Exclusivity: Protection Against Lawsuits One of the most significant benefits of workers compensation for employers is the exclusive remedy provision. By doing so, businesses can protect their financial health and allocate resources to other priorities, such as growth initiatives and employee development.

Workers Compensation 98

Workers Compensation Compensation Workers Comp Injury 98

TGS

NOVEMBER 7, 2024

TGS Insurance » Blog Understanding Agreed Value Auto Insurance: Protecting What Matters Most on the Road When you’re talking about a car that’s more than just a ride—a vintage beauty, a collector’s item, or a custom-built masterpiece—the stakes are different. For many, traditional auto insurance might feel a bit off the mark.

Auto Insurance 52

Auto Insurance Protection Insured Insurance 52

PSM Brokerage

JANUARY 22, 2025

Why Compliance Matters Compliance with Marketplace advertising rules ensures: Consumer Protection: Accurate and transparent information helps clients make informed decisions. Do: Clearly state premium costs, deductibles, and coverage benefits. Fair Competition: Compliance creates a level playing field for agents and brokers.

Agents 52

Agents Broker-Agent Broker Out-Of-Pocket 52

TGS

NOVEMBER 7, 2024

TGS Insurance » Blog Understanding Agreed Value Auto Insurance: Protecting What Matters Most on the Road When you’re talking about a car that’s more than just a ride—a vintage beauty, a collector’s item, or a custom-built masterpiece—the stakes are different. For many, traditional auto insurance might feel a bit off the mark.

Auto Insurance 52

Auto Insurance Protection Insured Insurance 52

Boyle Agency Insurance

DECEMBER 3, 2024

Deductibles The deductible is the amount you must pay out of pocket before your insurance coverage kicks in after an accident. A higher deductible generally leads to lower premiums, but it also means you will have to pay more in case of a claim so cheaper is not always better!

Premium 73

Premium Auto Insurance Out-Of-Pocket Deductible 73

Frankenmuth Insurance

JULY 25, 2024

Then, they’ll get the right protection in place for you from a reputable carrier for more peace of mind. What are the coverage limits and deductibles? What is the highest amount I could pay on a claim? What deductible do I have to meet before my coverage kicks in? Can I adjust my deductible down the road?

Agents 57

Agents Deductible Premium Claim 57

Freeway Insurance

JANUARY 3, 2025

These changes provide more protection for drivers involved in accidents but also place a greater financial burden on insurers, who will pass those costs on to consumers in the form of higher premiums. More vehicles on the road lead to a higher risk of accidents, which in turn raises the number of claims that insurance companies must cover.

Auto Insurance 98

Auto Insurance Premium Liability Insured 98

TGS

OCTOBER 3, 2024

The more risks your area poses, the more your insurance company will charge to protect you. Basic coverage that just meets your mortgage lender’s requirements will be cheaper than more comprehensive coverage that protects against every possible risk. Opting for a higher deductible can lower your monthly premium.

Premium 52

Premium Deductible Out-Of-Pocket Insured 52

Protect Commercial Insurance

JULY 26, 2024

As a tailor, it is crucial to protect your business from potential risks and liabilities. Property insurance can protect these assets from damage or loss due to fire, theft, or other covered perils. Product liability insurance protects you in case a customer claims that your product caused them harm or damage.

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Commercial Insurance Broker General Liability Broker 52

Majesco

MARCH 27, 2025

Are insurers ready to capitalize on the impact of todays customer tipping points at the same time they protect the customer relationships? Catastrophic events (47%), intensifying weather events (37%), and a resulting increasing number of claims (39%) are also felt to be significant drivers of homeowner cost increases.

Auto Insurance 52

Auto Insurance Insured Insurance Insurer 52

Protect Commercial Insurance

NOVEMBER 8, 2024

It provides protection against a plethora of risks, including property damage, liability claims, theft, and even employee injuries. – Professional Liability Insurance: Also known as Errors and Omissions Insurance, this covers businesses against claims of negligence or harm resulting from professional services.

Commercial Insurance 52

Commercial Insurance Commercial Premium Deductible 52

Jackson & Jackson

APRIL 29, 2024

This article outlines practical tips and strategies to help commercial property owners in California minimize their insurance expenses while maintaining adequate protection for their investments. Increase Your Deductible Increasing your deductible is one of the simplest ways to lower your insurance premiums.

Commercial Property 52

Commercial Property Property Insurance Commercial Deductible 52

Scott Insurance

JANUARY 28, 2022

While insurance coverage is typically relied upon for many property-related losses, there remains a disconnect about how mold claims are often handled by the insurance industry. Generally, these policies have higher deductibles than standard policies – $25k, $50k, or $100k are common deductibles.

General Liability 52

General Liability Deductible Liability Property Damage 52

Scott Insurance

JANUARY 31, 2024

Although individual rates are based on specific factors such as location, credit score, claims history, age of dwelling and deductible, some general trends are leading to higher rates across the board. Increased claims and weather incidents Approximately 1 in 20 homeowner policies have a claim filed against them in any given year.

Premium 52

Premium Deductible Insured Insurance 52

Leadsurance

NOVEMBER 19, 2024

Just remember, when comparing apples with apples in terms of the level of coverage as well as deductibles, make sure you are actually doing so compared with other quotes. Up Your Deductive Your deductible is the cash amount you agree to pay when making a claim, whereas the insurance only kicks in thereafter.

Home Insurance 52

Home Insurance Premium Deductible Insured 52

Jackson & Jackson

MAY 23, 2024

You have poured your heart and soul into your venture, and it’s only natural that you want to protect it. Small business insurance covers property damage, liability claims, and employee-related risks. It acts as a safety net, protecting your business from unexpected events that can cause financial hardship.

Small Business Insurance 52

Small Business Insurance Business Insurance Insured Insurance 52

Shield Insurance Agency

APRIL 19, 2024

This coverage pays for damages to your vehicle regardless of fault, meaning that even if you are at fault for the accident, your insurance will cover the repair costs up to the actual cash value of your vehicle, minus your deductible. The deductible is the amount you must pay out-of-pocket before your insurance coverage kicks in.

Auto Insurance 52

Auto Insurance Deductible Out-Of-Pocket Insured 52

Jackson & Jackson

MAY 22, 2024

Investors must understand the importance of securing comprehensive commercial property insurance coverage to protect their investments. “Understanding Multi-Family Property Insurance” Commercial property insurance is a vital safeguard for property owners, protecting their assets against various risks. .

Property Insurance 52

Property Insurance Commercial Property Commercial Insured 52

ProWriters

APRIL 3, 2024

As they seek to secure the insurance they need to protect themselves, some companies’ decision-makers may get confused about E&O vs. EPLI policies. But when you help your business clients appreciate the difference between E&O vs. EPLI, you’ll help them effectively manage their risks and ensure adequate protection.

Liability 52

Liability Cyber Claim Policy 52

Risk Management Monitor

AUGUST 30, 2021

First, establish a plan that includes clearly defined roles and responsibilities for preventative measures to protect your building, employees or tenants in the event of a hurricane. From a property perspective, ensure that your buildings and structures are adequately protected to mitigate potential damage. Read the Fine Print.

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Risk Damage Building Business Interruption 74

Bankers Insurance

SEPTEMBER 12, 2023

Subrogation is more than just a fancy insurance term – it’s a right held by your insurance carrier under your policy that allows them to seek reimbursement from the party found responsible for the accident after they’ve paid a claim for a covered cause of loss. HOW LONG DOES SUBROGATION TAKE? WHAT IS A WAIVER OF SUBROGATION?

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Insurance Carrier Compensation Deductible Claim 52

Distinguished

JANUARY 28, 2025

With the proper knowledge and expertise, you can help protect your clients’ personal and corporate assets, attract top talent to their boards, and ensure compliance with contractual requirements. This can include claims related to alleged mismanagement, negligence, or improper disclosure.

Liability Insurance 52

Liability Insurance Liability Broker-Agent Insured 52

Distinguished

JANUARY 28, 2025

With the proper knowledge and expertise, you can help protect your clients’ personal and corporate assets, attract top talent to their boards, and ensure compliance with contractual requirements. This can include claims related to alleged mismanagement, negligence, or improper disclosure.

Liability Insurance 52

Liability Insurance Liability Broker-Agent Insured 52

Property Insurance Centre

SEPTEMBER 25, 2024

Define the maximum amount that you are willing to spend additional in the case of a claim. Whether you are a homeowner or a landlord, ensuring adequate protection for your property is crucial. Key Takeaways Building insurance is essential to protect your property, but it can be complex. – Declaring inaccurately.

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Building Insured Insurance Insurer 52

Distinguished

SEPTEMBER 17, 2024

We can consider weather related claims, but claims of theft, vandalism, and fire, for example, would be an automatic decline. What are some of the key factors you consider when determining appropriate coverage limits and deductibles? Properties in a high wind hail area may be subject to an increased wind deductible.

Risk 52

Risk Broker-Agent Deductible Insured 52

TGS

NOVEMBER 18, 2024

In a no-fault state like Florida, every driver is required to carry Personal Injury Protection (PIP) coverage. The no-fault system was designed to streamline the claims process, reduce the burden on courts, and ensure that accident victims receive compensation more quickly. How Does a No-Fault System Work? The answer is—sort of.

Injury 52

Injury Auto Insurance Damage Property Damage 52

Protect Commercial Insurance

OCTOBER 25, 2024

Think about the everyday operations of your business: – Are there physical locations that require protection from natural disasters or theft? How much coverage do you need to fully protect your assets? It’s about ensuring that your assets are adequately protected but without over-insuring, which can strain your finances.

Business Insurance 52

Business Insurance Liability Insurance Liability Policy 52

Cover4LetProperty

JANUARY 29, 2024

Risk is assessed with respect to the likelihood of loss or damage leading the insured to make a claim, since the settlement of claims paid out to the insured represent a liability for the insurer. Finally, insurance pricing is influenced by market conditions, including the overall risk landscape, claims history, and economic factors.

Home Insurance 52

Home Insurance Insured Insurance Insurer 52

Bankers Insurance

MAY 16, 2024

These policies can provide critical financial security as homeowners seek to protect their fiscal stability and property. The homeowners insurance market is complicated and dynamic, and many policyholders have experienced increased rates in recent years despite no changes to their coverage or claims filed. Reduce liability risks.

Home Insurance 52

Home Insurance Policyholder Insured Insurance 52

Jackson & Jackson

APRIL 28, 2024

This article outlines the top five mistakes property investors make with insurance and provides practical tips on avoiding them, ensuring your investments are adequately protected. However, in the event of a claim, this can lead to substantial out-of-pocket expenses due to insufficient coverage limits.

Business Interruption 52

Business Interruption Out-Of-Pocket Expense Out-Of-Pocket Broker-Agent 52

Distinguished

NOVEMBER 7, 2024

Principal’s Default: A claim under a surety bond arises only upon the default of the principal. The Obligee : Usually the project owner or developer requiring the bond as a form of financial protection against the principal’s non-performance. Performance and payment bonds become crucial in managing these risks.

Claim 52

Claim Compensation Risk Broker-Agent 52

Jackson & Jackson

MARCH 18, 2024

However, just like any valuable possession, protecting them with the right insurance policy is crucial. Whether you own a classic Birkin or a rare vintage piece, protecting your investment through proper insurance coverage is crucial. Luxury handbags are not just fashion accessories; they are also an investment.

Insured 52

Insured Insurance Insurer Insurance Policy 52

Distinguished

JULY 22, 2024

Designed specifically for the needs of collectors, this specialized coverage offers protection tailored to the high values and distinct risks associated with collectible items. For example, transit coverage , which protects items while they are being shipped or moved, is often excluded from homeowner’s policies.

Insured 52

Insured Insurance Insurer Policy 52

LexisNexis

DECEMBER 3, 2024

Watch now » Related Content Indemnification Provisions in Private Acquisition Agreements Review certain considerations for drafting and negotiating indemnification provisions in acquisition agreements, including a discussion about scope, limitations, and claims procedures. Cross-Border Indemnification Clause Plug in this new U.S.-styled

Deductible 40

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Protect Commercial Insurance

OCTOBER 4, 2024

Understanding this connection can help you make informed decisions about your investments and protect your financial well-being. As interest-backed assets offer higher returns, insurers might become more inclined to increase their pricing models to cover potential future claims. Let’s dive into how these changes could affect you.

Property Insurance 52

Property Insurance Out-Of-Pocket Premium Insured 52