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

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 Insurance 52

Distinguished

JANUARY 28, 2025

This can include claims related to alleged mismanagement, negligence, or improper disclosure. Employment Practices Liability (EPL) insurance : EPL coverage safeguards the company and its employees from claims of wrongful termination, harassment, discrimination, and other employment-related issues.

Liability Insurance 52

Liability Insurance Liability Broker-Agent Insurance 52

Distinguished

JANUARY 28, 2025

This can include claims related to alleged mismanagement, negligence, or improper disclosure. Employment Practices Liability (EPL) insurance : EPL coverage safeguards the company and its employees from claims of wrongful termination, harassment, discrimination, and other employment-related issues.

Liability Insurance 52

Liability Insurance Liability Broker-Agent Insurance 52

TGS

NOVEMBER 20, 2024

Insurers use a version of it—often called a credit-based insurance score—to assess how likely you are to file a claim. Studies have shown a correlation between lower credit scores and higher claim activity. Your claims history. Increase Your Deductible: Opt for a higher deductible to lower your monthly premium.

Home Insurance 52

Home Insurance Premium Insurance Insurer 52

Protect Commercial Insurance

OCTOBER 4, 2024

As interest-backed assets offer higher returns, insurers might become more inclined to increase their pricing models to cover potential future claims. Changes in Underwriting Processes Interest rates can also shape the underwriting processes used by insurance companies.

Property Insurance 52

Property Insurance Out-Of-Pocket Premium Insurance 52

TGS

OCTOBER 3, 2023

Quotes that are ready quickly are usually based on a small subset of information, then the initial baseline quote is refined during the underwriting process. Deductibles 8. Policy Number If you ever need to file a claim, this policy number is what you will use. At TGS Insurance, your free home insurance quote is instant!

Insurance Quotes 52

Insurance Quotes Deductible Home Insurance Out-Of-Pocket 52

Word & Brown

SEPTEMBER 13, 2024

That includes understanding what plans offer the lowest and highest out-of-pocket costs, including deductible, copays, and coinsurance. 5: Claims Protocols Even if it is not voiced by your prospects or clients in advance, it will eventually be important to know the claims processes for each selected carrier and health plan.

Broker 52

Broker Out-Of-Pocket Broker-Agent Insurer 52

Jackson & Jackson

MAY 22, 2024

It covers property damage, loss of income, liability claims, etc. Additionally, it can provide coverage for business interruption, tenant improvements, and liability claims arising from third-party injuries or property damage on the premises. Additionally, investors can explore the option of higher deductibles to reduce premiums.

Property Insurance 52

Property Insurance Commercial Property Commercial Insurance 52

Word & Brown

FEBRUARY 18, 2025

automated deductible and Rx updates (so you know when they apply before benefits kick in). W&Bs Underwriting team works directly with carriers to streamline approvals. Well answer all of your and your clients questions about quoting, products, underwriting, sales, enrollment, provider networks, service, claims, billing, and more.

Broker-Agent 52

Broker-Agent Broker Agents Underwriting 52

Distinguished

NOVEMBER 7, 2024

Principal’s Default: A claim under a surety bond arises only upon the default of the principal. The surety’s role is complex, as it must diligently assess the risks associated with underwriting bonds. Importantly, if the surety pays out a claim, they will seek reimbursement from the principal.

Claim 52

Claim Compensation Risk Broker-Agent 52

Distinguished

JULY 22, 2024

At Distinguished Programs, our specialty fine art and collectibles insurance offers several key advantages over relying solely on homeowners insurance: Doesn’t Affect Homeowner Premiums : If your client needs to file a claim, it won’t impact their homeowner’s insurance premiums.

Insurance 52

Insurance Insurer Insured Policy 52

Smart Insurance Agents

OCTOBER 16, 2024

Choosing the right broker involves verifying credentials, reading client reviews, and scheduling consultations to ensure tailored support throughout the insurance enrollment and claims processes. They explain the details of different policies, including coverage options, premiums, deductibles, and out-of-pocket expenses.

Insurance Broker 52

Insurance Broker Broker Broker-Agent Out-Of-Pocket Expense 52

Triple-I: Workers Compensation

APRIL 20, 2021

Similar federal “safe harbor” legislation for the insurance industry – the Clarifying Law Around Insurance of Marijuana Act (CLAIM Act) – was introduced last month. The CLAIM Act would let these businesses obtain insurance to cover the same risks of theft, damage, injury, loss, and liability as all other businesses.

Risk 40

Risk Workers Compensation Commercial General Liability Liability 40

Majesco

DECEMBER 5, 2024

Anything from quoting to underwriting, servicing, billing or claims may no longer operate at the level expected by customers, putting trust and loyalty at risk. In addition, other actions taken included raising deductibles, particularly for homeowners, and reducing coverage for both auto and homeowners.

Auto Insurance 40

Auto Insurance Insurance Insurer Insured 40

Majesco

APRIL 11, 2024

There is inflation and its pressure on claims costs, whether it’s medical or it is physical damage to homes and businesses. If we don’t get down to addressing the loss ratio — underwriting, pricing, risk selection, and claims management — for many carriers, even if they cut costs by 100%, they’re still not going to be profitable.

Commercial Property 40

Commercial Property Risk Claim Deductible 40

Majesco

JANUARY 9, 2025

And while the industry’s core business model of premiums, claims, reserves, and capital is not changing, how we think about the operating model and technology foundation must change. Past Trends A Precursor to the Future Throughout history, people have tried to forecast the future to gain strategic advantages.

Insurance 45

Insurance Insurer Insured Risk 45

Distinguished

MARCH 25, 2025

Here are some of the factors our expert underwriters would consider when creating a policy for your client: Collection value: The higher the collection’s appraised value, the more it will cost to insure. Deductible selected: Opting for a higher deductible can lower premiums but increase out-of-pocket costs in case of a claim.

Deductible 52

Deductible Theft Insurance Insurer 52

Distinguished

JANUARY 28, 2025

This can include claims related to alleged mismanagement, negligence, or improper disclosure. Employment Practices Liability (EPL) insurance : EPL coverage safeguards the company and its employees from claims of wrongful termination, harassment, discrimination, and other employment-related issues.

Liability Insurance 52

Liability Insurance Liability Broker-Agent Insurance 52