What’s the Difference Between Deductibles and Self-Insured Retentions?

Insurance jargon can be hard to understand, and possibly frustrating when you end up paying more for your insurance policy than you thought you would. Knowing some of the terms your insurance agent may use can definitely help. Here’s the difference between deductibles and self-insured retentions.

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Why Your Company Needs Business Liability Insurance Today

Imagine what would happen if someone would trip and break a leg while in your store. Or think what could happen if the heating system your workers installed quit working in the middle of winter. Without business liability insurance, you could be exposed to possible lawsuits, and paying for the damages out of pocket.

5 Tips when Insuring a Business Vehicle

Businesses face somewhat different problems than private car owners when it comes to purchasing vehicle insurance. Most car owners know that agents routinely ask the question about how the car will be used. They always want to know if it will be used for business because it adds more risk to the insurer. Business need… Continue reading 5 Tips when Insuring a Business Vehicle

When Do You Need A Commercial Auto Insurance Policy?

There is a big difference between a commercial auto insurance and a personal auto policy. Do not think that you can use one in lieu of the other. You need a commercial auto insurance if you are driving your car for business pursuits. If you own a business regardless of size, you should buy liability auto coverage. This is a legal requirement that you must comply with, particularly if you have to use a vehicle or several vehicles to carry on your business operations.

5 Ways High Net-Worth Clients Can Protect Themselves from Cyber Risk

By Jacquelyn Connelly, IA Magazine Cyber risk is increasing rapidly for everyone—and not just your commercial lines clients. Although the insurance industry has been slow to respond to cyber exposures in personal lines, companies are beginning to recognize the threat, particularly when it comes to high net-worth insureds who make appealing targets for hackers and… Continue reading 5 Ways High Net-Worth Clients Can Protect Themselves from Cyber Risk

Inside Lloyd’s: Demystifying the inner workings of the world’s most famous insurance market

BY SHAWN MOYNIHAN, CATERINA PONTORIERO Photo: Ben Pipe This past July, National Underwriter Property & Casualty‘sEditor-in-Chief Shawn Moynihan and Associate Online Features Editor Caterina Pontoriero traveled to the storied Lloyd’s of London for an exclusive tour of the market’s building and inner workings. We went with one simple goal: To give insurance professionals an inside look at what Lloyd’s of… Continue reading Inside Lloyd’s: Demystifying the inner workings of the world’s most famous insurance market