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. […]
Continue ReadingGetting workers compensation coverage for contractors in North Carolina may not be easy. Try the following companies Here is what I found. North Carolina Home Builders Association https://www.buildersmutual.com/ https://www.ncfbins.com/ North Carolina Farm Bureau Insurance Group
Continue ReadingFirst, 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 […]
Continue ReadingIf you are a business and want to do business in the USA, then Yes! Claims or suits brought within the US would be covered. Please note that typically this also requires that you have a US address
Continue ReadingNationwide offers all that you’d expect from an auto insurer, plus a few additional options and perks. Gap insurance pays the difference between the cash value of your car when it was totaled or stolen and the amount of money left on your loan or lease. This insurance may be required by your lender, and you […]
Continue ReadingState 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 […]
Continue ReadingThey 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 […]
Continue ReadingIf the policy is in full force and special form, damage should be covered. Insurance companies could play games and say the building was vacant although, I don’t see that happening, it would look really bad.
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