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Written by Administrator
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Tuesday, 12 August 2008 17:50 |
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Fidelity Bond is a debt obligation serving as a Crime Insurance. Fidelity Bond protects the company from the negligent or fraudulent actions of its employees. Although some companies are obliged to hold Fidelity Bonds by law (securities or insurance firms) whole range of other businesses needs such protection – especially those working with valuables, and increasingly also sensitive information. |
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Last Updated on Tuesday, 19 January 2010 17:38 |
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What is commercial insurance? |
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Written by Administrator
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Monday, 11 August 2008 18:18 |
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Commercial insurance consists of three main areas, first of which is Property Insurance (which in turn consists of many different policies like Builder's Risk Insurance, Debris Removal Insurance, Glass Insurance, Inland Marine Insurance, Equipment Breakdown, Ordinance or Law Insurance, Tenants Insurance and Fidelity Bond/Crime Insurance. Business Interruption Insurance is often also considered part of Property Insurance. Second important area of commercial insurance is Liability Insurance (covering the liabilities of a professional or organization to third parties, most typical subgroups being Malpractice Insurance and Errors and Omissions Insurance, as well as Directors' and Officers' Liability Insurance).
The third main area of commercial insurance is Workers Compensation Insurance. |
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Last Updated on Tuesday, 19 January 2010 17:31 |
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What is Inland Marine Insurance? |
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Written by Administrator
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Monday, 11 August 2008 18:14 |
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Inland Marine Insurance is a historical (but still used) name of insurance product that generally covers goods in transit. Inland Marine Insurance is a very wide policy that can protect items as different as computer data, buildings under construction and goods being transported. To qualify for this policy, insured items must either be in transit or being transported regularly, like contractors equipment. Damage to processed goods (like cars in body shop or clothing at dry-cleaner's) can also be covered by Inland Marine Insurance. |
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Last Updated on Tuesday, 19 January 2010 16:37 |
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What affects the premium? |
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Written by Administrator
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Monday, 11 August 2008 10:19 |
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Your car insurance premium depends on many factors, including:
-your marital status (married person will get better rate)
-your gender (women get slightly better rates)
-age (under 25 and over 65 drivers will have more expensive premium)
-previous driving record (the more accidents, the higher premium you pay)
-history of DUI/DWI (Driving Under Influence, Driving While Intoxicated – if any, your premium will get very expensive)
-possibly you will be asked whether you are a smoker (can influence the premium, is considered less responsible), good student (lower premium) or what is your credit history
Of all these factors, the single most important one for your car insurance rate is the driving history. Therefore many drivers do not report minor damages to their vehicles that would be probably anyway covered by their deductible (meaning out of pocket) and would still affect their future premium. Please notice that every insurance company has a slightly different way of calculating car insurance quotes. |
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Last Updated on Saturday, 23 January 2010 00:01 |
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Written by Administrator
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Monday, 11 August 2008 06:19 |
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Liability insurance covers the person (or organization) against claims from other parties (third party) that suffered a loss caused by the insured. Liability insurance is not mandatory in most US state, except for auto insurance, but it can be extremely useful for many professions which can be sued (usually for negligence or malpractice). Liability insurance is also a part of homeowner’s policy – covering the homeowner’s liability towards third parties that suffered a loss (injury or other) within his/her property. |
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Last Updated on Friday, 22 January 2010 23:59 |
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FAQ
