There are a lot of insurance companies, but almost any of them can provide two different types of coverage: claims made and occurrence policies. While both of them have their own set of benefits and drawbacks, in this article, we will focus on both claims made and occurrence policies so you can make a better …
Claims Made vs Occurrence Policies: What’s the Difference? Read More »
Business insurance is a special insurance policy designed to combine protection from property and liability risks. Usually, there are several different coverage options that insurance companies offer to protect things like business premises, contents, stock and equipment, and financial loss due to business interruption. While business insurance can be tailored to suit the individual needs …
As a proud business owner of a van, you know how much you have invested in your asset so far. Whether you are using your van for work or for personal reasons, it is important to take care of it, especially when it comes to unpredictable situations that none of us can control. For example, …
The engineering industry is all about developing and designing constructions and buildings. Because of the nature of this industry, there are more chances of accidents and uncertainties that are related to construction, including plant and machinery usage. Engineering insurance is a special type of business insurance policy that covers a wide range of risks related …
Non-profit directors and officers insurance or D&O insurance is essential for big corporations as well as nonprofits. This insurance covers the cost of legal issues faced by the director and officers of a company. Every policy covers different claims. Apart from criminal and fraudulent charges, most claims are covered by D&O insurance. Every corporation has …
Many industries rely heavily on trucking to transport goods to various destinations on almost all continents. Regardless of the market stability, the trucking industry will definitely be around for a long time. This presents a great business opportunity. Starting a trucking business can be very lucrative once the company is running. However, not everyone has …
How Much Does It Cost To Start A Trucking Company? Read More »
It’s crucial that before you hit the road with a large load, it meets the standard load regulations required by law. There is a need for a load permit necessary for most cranes, tractors, industrial equipment, cargo equipment, and prefab homes equipment and requirements. Other oversize loads need more additional escorts and load permits. But …
A weighing station on a highway is perhaps not something that is unfamiliar to us because most of us have probably passed by a major state where weighing stations are commonly seen. But what really are the weigh stations along the highways for? Do they have a purpose? When you pass by major a state, …
The Motor Carrier Act of 1980 places a number of requirements on interstate trucking companies and carriers, to prove that they are fiscally responsible. The law requires the motor company to pay any damages up to a statutory minimum if they cause any kind of damage to public property, in case they don’t have the …
According to an analysis of The Hartford’s small business claims 4 out of 10 small businesses will likely experience a property or general liability claim in the next 10 years. The most likely one being burglary and theft, with the most costly claim for a small business is reputational harm, including libel, slander and violation …
10 Most Common and Costliest Small Business Claims Read More »
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