5 Facts About Claims Reserves

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No matter how safe your company is, accidents are unfortunately inevitable. When accidents happen, claims follow. Did you know when a claim is settled, insurance companies pay the policyholder from a claims reserve? Read on to learn some important facts about claims reserves.

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Topics: claims

Railroad Protective Policies: Keeping Your Jobsite on Track

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If you find yourself working on (or near) the railroad, all the livelong day, odds are you will have to do much more than sing, “Fee Fi Fiddle EE Aye Oh.” Particularly, this is true if you are the one in charge of making sure that all of the appropriate insurance is in place for your project.

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Topics: commercial insurance, Railroad Protective Liability

What is a Wholesale Insurance Broker?

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Did you know your insurance broker may be partnering with a wholesale insurance broker to deliver the best coverage for your company? Not familiar with the term wholesale broker? Keep reading to learn more about the role of a wholesale broker.

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Topics: commercial insurance, insurance broker

Differences Between Named Insured and Additional Insured: Part 2

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When working on a construction project, the company you are working for may ask to be an Additional Named Insured or an Additional Insured. It’s easy to believe that they are the same thing, but in reality, there are some significant differences between the two.

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Topics: Named Insured, Additional Insured

Differences Between Named Insured and Additional Insured: Part 1

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Often, the terms named insured and additional insured get lumped together to be interchangeable. However, that is not the case. Keep reading to learn about each one!

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Topics: Named Insured, Additional Insured

Solutions to the Wrap-Up Exclusion Endorsement

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Does the Wrap-Up exclusion found in many Trade Contractors’ General Liability program fill you with dread? This exclusion has historically been a troublesome risk transfer issue.

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Topics: Wrap-Up, Contractual Risk Transfer

How to Increase Bonding Capacity For Contractors

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Often for Contractors, the time comes when you look at the upcoming bids list and wonder how you can qualify for the larger jobs that your competitors routinely go after. Bidding on larger jobs does require some planning. Here are some suggestions on how to increase your bonding capacity while still growing your company’s profitability.

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Topics: Surety

3 Common Loss-Sensitive Plans for Trade Contractors

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Every Trade Contractor that purchases insurance will be evaluated on their company size, operation complexity, and risk tolerance. There are a variety of risk financing options available to you. If you have a solid safety & loss control plan and good loss history, look at a loss sensitive plan, also referred to as a “performance-based program.” Here are some types of loss-sensitive plans:

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Topics: Risk Management, Trade Contractors

Trying to Insure Your Commercial Property? You Need to COPE

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If you are a commercial property owner in the process of trying to insure your property—whether it be an office building, apartment complex, or gas station, etc.—you need to be familiar with the acronym – C.O.P.E.

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Topics: commercial insurance

Safety Advice: 5 Ways to Keep Your Insurance Premiums Low

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When it comes to insurance, most companies are not excited to purchase it. Unfortunately, it is a necessary item for any business owner. Typically, you want good insurance coverage with low costs.

One way to make sure your insurance premium is low is to have a good safety plan. Good safety is the easiest way to lower your insurance premiums. Here are some ideas you can implement into your current safety program that will help lower your insurance premiums:

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Topics: Insurance Premiums, commercial insurance

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