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Common Mistakes to Avoid When Filing Commercial Insurance Claims

Paragon Independent Insurance Agencies

Filing a commercial claim is a complex and daunting process, especially for business owners unfamiliar with the ins and outs of insurance policies. Inadequate Documentation Insufficient evidence to support the claim can result in it being denied or undervalued. These are regular issues around Plano, TX.

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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. However, filing small insurance claims can have long-term financial consequences.

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Insurance Claims-Handling Best Practices: Ensuring Smooth Claims Processing for Your Clients

Word & Brown

According to reporting last year by KFF (the independent source for health policy research, polling, and journalism formerly known as the Kaiser Family Foundation) data from insurers for Affordable Care Act Marketplace plans show nearly 17% of in-network claims were denied in 2021. commercial, public, Medicare, Medicaid, etc.),

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Order and Bind Insurance Before the Loss—Commercial Policy Covers Water Damage Under Drain Backup Endorsement

Property Insurance Coverage Law

This post highlights an agent’s binding authority under Michigan law and discusses important insurance principles concerning the “completed-loss” and “loss-in-progress” doctrines.

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How to Leverage Telematics to Improve Commercial Driver Safety

Mark Jackson Insurance Agency

Driver delivering packages by Kampus Production In the commercial auto industry, safety is paramount. With advancements in technology, telematics has emerged as a powerful tool for enhancing commercial driver safety. Leveraging telematics in the commercial driving sector offers a multitude of benefits.

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Commercial Insurance Strategies To Protect Your Business

Paragon Independent Insurance Agencies

Make it a point to review your insurance documents and physically inventory items within your business premises. Document any identified gaps in your insurance policy and make necessary modifications to ensure ample business protection. Past Claims Examining past insurance claims can provide valuable insights.

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The Importance of Accurate Valuation in Commercial Property Insurance

Bankers Insurance

THE IMPORTANCE OF ACCURATE VALUATION IN COMMERCIAL PROPERTY INSURANCE When purchasing or renewing commercial property insurance , it’s important for businesses to ensure their coverage includes correct property valuations. inflation). Regardless, such inaccuracies are all too common. 80%) of the property’s value.