Remove Commercial Insurance Remove Insurance Policy Remove Policyholder
article thumbnail

Common Myths About Commercial Insurance Debunked

Protect Commercial Insurance

Introduction Navigating the world of commercial insurance can often feel like walking through a dense fog of myths and misconceptions. Unfortunately, the abundance of myths surrounding commercial insurance may lead many business owners to make decisions that are not in their best interest. This is far from the truth.

article thumbnail

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. Delay in Notifying the Insurer Timely notification is essential, as most insurance policies must be reported immediately. Our team covers the Plano, TX area.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

5 FCA permissions for advising on commercial insurance.

Protect Commercial Insurance

The following 5 Permissions are necessary if you’re advising or transacting on Commercial Insurance 1. This includes recommending a specific insurance policy to a customer. For example, entering into a contract of insurance with a customer on behalf of the insurer (i.e Arranging investment deals.

article thumbnail

Understanding Consumer Education and Property Insurance

Property Insurance Centre

By understanding key terms, policy details, and the rights and responsibilities of policyholders, consumers can engage with insurers more effectively, ensuring better communication and ultimately achieving their desired outcomes.

article thumbnail

Impact of Rising Interest Rates on Property Insurance

Protect Commercial Insurance

Changes in Underwriting Processes Interest rates can also shape the underwriting processes used by insurance companies. Underwriting involves evaluating risks and determining suitable premiums for policyholders. With rising interest rates, insurers might re-assess risk portfolios and adjust their criteria to ensure profitability.

article thumbnail

Protect Your Finances: The Truth About Small Insurance Claims

Shield Insurance Agency

Small Insurance Claims Can Raise Premiums Small insurance claims, such as those for minor property damage, may seem like a hassle to deal with. Many policyholders may be tempted to file a claim for every little incident in the belief that their insurance policy will cover all damages.

article thumbnail

Our Claims Partner, Aspray, Wins Loss Assessor of the Year 2024

Property Insurance Centre

Their comprehensive approach, combining expert knowledge, personalised service, and a keen attention to detail, has earned them a stellar reputation among policyholders and insurers alike. We look forward to continuing our mission of helping policyholders navigate the complexities of property damage claims with confidence and ease.”

Claim 52