Overall, insurance compliance is vital for the long-term success and sustainability of insurance companies. It preserves the integrity of the industry, protects policyholders, and fosters trust and confidence among stakeholders, ultimately leading to a stable and trustworthy insurance marketplace. Key Co...
Insurance Coverage Litigation Arising Out of the Financial Crisis: What Policyholders and Carriers Need to KnowFaten Sabry
Legal expense insurance is a type of insurance coverage in which the insured transfers the risk of litigation to an insurance...
miles in a year, and only one even comes close to that. This is a collection, not a fleet. I have never had a scooter accident, but stranger things have happened. Obviously, I can't buy a policy for each of these scooters. I don't need collision insurance, just liability on my...
A subcontractor agreement is a legal document that defines subcontractor responsibilities clearly. It sets forth things like timelines, terms of payment, licensing, insurance coverage, and how disputes are to be handled. The hiring contractor draws up the contract documents, but it’s important for ...
please help me out. i could have something on that insurance i was paying for, besides no other vehicles were involved. Byanon37970— On Jul 23, 2009 The third party liability coverage which is compulsory for any vehicle insurance covers the insured himself. During any motor accident whether ...
indemnityitself is not insurance, it attempts to answer a liability for another person. In short, one party in the contract holds the other harmless so that the other party will receive payment as defined in the contractual agreement. This is a technical process that can result in many types...
Another way to “layer” the approach is to make a distinction between policies and guidelines. Policies are generally binding documents serving as a district’s insurance against litigation. Guidelines can be less restrictive recommendations for best practice and roadmaps for expectations. In ...
Declaratory relief is a situation in which two parties go to court to get a decision on something but neither one is suing the...
for service providers. Often these professionals might also need other forms of liability coverage such as general liability insurance or product liability coverage. Those purchasing indemnity policies can also addendorsements. An endorsement is an add-on that expands or enhances the coverage in some ...