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Protect Your Finances: The Truth About Small Insurance Claims

Shield Insurance Agency

Shield Insurance Blog | Small Insurance Claims | Contact Our Sales Team! Small Insurance Claims Can Raise Premiums Small insurance claims, such as those for minor property damage, may seem like a hassle to deal with.

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How to Leverage Telematics to Improve Commercial Driver Safety

Mark Jackson Insurance Agency

By recognizing and understanding the driving patterns of their fleet, businesses can make informed decisions about how to manage their teams effectively. Reducing Accidents and Insurance Claims The insights provided by telematics can directly contribute to a reduction in accidents and related insurance claims.

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2022 P&C Underwriting Profitability Seen Worsening as Inflation, Hard Market Persist

Triple-I: Business Insurance

The property & casualty insurance industry’s combined ratio – an indicator of underwriting profitability – is forecast at 100.7 Combined ratio represents the difference between claims and expenses paid and premiums collected by insurers. We forecast 2022 P&C premium growth of 8.5 for 2022, up 1.2

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Navigating Michigan Auto Insurance: Understanding Collision Coverage

Shield Insurance Agency

Broad form collision coverage may be a better option for those who want more comprehensive protection and are willing to pay a higher premium for it. Be sure to review your insurance policy and speak with your insurance agent to ensure you have the coverage that best suits your needs.

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The Importance of Accurate Valuation in Commercial Property Insurance

Bankers Insurance

Businesses may end up with inaccurate ITV calculations for a wide range of reasons — whether it stems from ineffective property valuation methods, intentionally underestimating costs to secure reduced premiums or being impacted by factors outside their control (e.g., inflation). Regardless, such inaccuracies are all too common.

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How to Protect your Business Against Frozen Pipes and Sprinkler Systems

Bankers Insurance

Increased insurance costs: Businesses affected by frozen pipes or sprinkler system issues may need to file insurance claims for repair and restoration expenses, potentially resulting in elevated insurance premiums in the future.

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CSU Researchers Project “Extremely Active”2024 Hurricane Season

Triple-I: Homeowners Insurance

With this forecast in mind, now is ideal time for homeowners and business owners to review their policies with an insurance professional to ensure they have the right amount and types of coverage. Flood policies are offered through FEMA’s National Flood Insurance Program (NFIP) and dozens of private insurers.

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