Who insures insurance companies

Reinsurers may insure insurance companies but insurance companies “self-insure” or set aside reserves to cover any expected payouts under the policies. How it works: Sometimes insurance companies hold all the risk from underwriting policies. Sometimes insurers buy insurance from reinsurers for part of the risk. Insurers almost never lay off all such risk to others. […]

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I invented a medical device, and I want to know how do I get it covered by insurance companies so consumers may be able to use it at little or no cost?

First, you will need a products liability policy. Insurance is costly for any medical device if you are operating in the USA. Depending upon the nature of the device, premiums can run anywhere from $5,000 to $10,000 per year just for General Liability. If excess coverage is needed it may cost even more. Products Coverage […]

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State Farm

State Farm Auto Insurance Company OverviewYear Founded: 1922Official Website: https://www.statefarm.com/Insurance Offered: Auto, motorcycle, RV, motorhome, homeowners, renters, and moreCustomer Service: 24/7 phone: 1-800-782-8332Key PointsState Farm is licensed in all 50 states, but coverage options and discounts may vary by location.State Farm has more than 19,000 insurance agents nationwide.According to the company, some drivers who use the […]

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Does Geico offer general liability insurance?

They offer General Liability insurance through the regular insurance companies such as CNA, HISCOX, Hartford, Liberty Mutual….  However with that being said they do not have the same professional knowledge of General Liability coverage or business owners for that matter as a independent insurance agent or broker who specializes in commercial insurance.  For a agent […]

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