reinsurance - sharing the risk by insurance companies; part or all of the insurer's risk is assumed by other companies in return for part of the premium paid by the insured; "reinsurance enables a client to get coverage that would be too great for any one company to assume" self-insurance...
Their massive potential in the insurance sector is noticed by insurance companies with policies tailored to suit every SME's individual needs. Here's a list of top business insurance policies your SME should consider: 1. Business Liability Insurance: This insurance covers costs associated with ...
At the very least, you could face a fine if you’re pulled over by police for a minor violation and can’t provide proof of insurance. In a worst-case scenario where you hurt someone and don’t have insurance, you might have to declare bankruptcy to cover the victim’s medical costs....
health, homeowners, and life insurance. Most individuals in the United States have at least one of these types of insurance, and car insurance is required by state law.
Auto Insurance Not only is having insurance an excellent idea in order to protect you financially as a driver, but it is also the law in many states. Cars are expensive and are often one of the largest investments many of us will make outside of property. It makes sense, therefore, to...
Life insurance companies calculate rates based on the mortality risk of each policyholder, so taking steps to live a healthier, safer lifestyle could help you qualify for cheaper life insurance. Life insurance is a critical component of a family’s financial strategy, so it’s vital to select ...
Life insurance companies calculate rates based on the mortality risk of each policyholder, so taking steps to live a healthier, safer lifestyle could help you qualify for cheaper life insurance. Life insurance is a critical component of a family’s financial strategy, so it’s vital to select ...
Similar to any other financial institution, insurance companies typically specialize in servicing predetermined groups of people, so it’s important to know where you fit in to this equation. Tip:The greater the number of companies an agent is capable of working with, the greater the number of ...
The most common types of life insurance are term, whole, universal, variable, and final expense. Here’s how each type works and how you can find the right policy for your needs.
considered friendly and thus not covered. The application of the rule has limitations. Additional case law on the subject shows us that courts may abandon the friendly fire rule in favor of the reasonable expectations doctrine.[4] InSadlowski v. Liberty Mutual Insurance Co.,[5] an insured’s...