What Is Self-Insurance?
Self-insurance involves setting money aside for a potential loss instead of purchasing a third-party insurance policy.
Posts about Insurance Basics:
What Is Commercial General Liability?
Commercial general liability (CGL) is a type of insurance coverage that protects a business from risks such as bodily ...
Certificate Holders & Additional Insureds: What's the Difference?
Certificate holders possess proof of insurance on commercial general liability policies, while additional insureds are ...
What's the Difference Between Excess and Umbrella Insurance?
Excess liability provides additional limits to an underlying policy, while umbrella insurance expands coverage to ...
Claims-Made Vs. Occurrence Policies: What Coverage Is Right For You?
Claims-made covers incidents within the policy, needing 'tail' for extended protection, while occurrence offers ...
What Is Professional Liability Insurance?
This insurance coverage shields businesses from financial fallout due to errors, negligence, or omissions in delivering ...
The Basics of Additional Insured Endorsements
Additional insured (AI) endorsements extend insurance coverage to a third party specified by the policyholder in the ...
What Is Auto Liability Insurance?
Commercial auto liability insurance is essential for many businesses to help mitigate financial risks and comply with ...
What’s the Difference Between a Loss Payee & an Additional Insured?
Although both are entitled to insurance benefits, loss payees receive property loss coverage while additional insureds ...
What Is Workers' Comp?
Workers’ comp insurance helps pay for an employee’s medical care, lost wages, rehabilitation, and other expenses ...