This insurance policy, also known as group health insurance, offers a wide range of benefits and can be more cost-effective than individual coverage. The concept behind blanket health insurance is to provide a collective safety net, ensuring that the members of the group have access to the ...
The blanketbondis a form of insurance coverage that provides protection for brokerages in the event of employee error or dishonesty, as well in the case of theft. Blanket bonds are also often carried as part of the broad insurance coverage for other types of financial institutions that are res...
How does CPI compare to blanket and self-insurance? In Part 2 of our blog series, CPI, Blanket, and Self-Insurance: Which Is Better for Your Financial Institution? we look at some of the pros and cons of each and provide insights into the six areas you need to consider when determining...
What is the difference between umbrella insurance and excess liability insurance? While both umbrella insurance and excess liability insurance aim to provide additional coverage over your base policies, they do so in different ways. Excess insurance simply extends the financial limits of your existing ...
As with any type of insurance coverage, an open policy is only considered to be in effect as long as the insured party is current with the premium payments. Should the client fall behind in the premiums, some insurers do allow a short grace period, usually between ten and thirty days, to...
Life insurance is a contract made between an individual and an insurance company. The insured person pays a premium in exchange for the promise of a lump-sum payment.
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Blanket insurance is relatively common in everyday life.Mortgage lendersoften require borrowers to gethomeowners insuranceto protect the lender and the property from damage or theft. Homeowners insurance is a type of blanket insurance since it covers both the structure and the contents of your house ...
Richard Zoglin
A banker’s blanket bond is an insurance policy that provides coverage against the direct financial loss from forgery, cyber fraud, physical loss of or alteration to property, extortion, and employee dishonesty. The employee must have committed these fraudulent acts for personal gain for the company...