Tag: coverage

Insurance Lapse

Getting Coverage When Borrowers Let Insurance Lapse

A lender placed insurance policy covers properties to mitigate a loan provider's risk when a borrower fails to get adequate protection. Mortgage lenders can get various coverage types, including hazard and flood policies, to safeguard the uninsured property from potentially costly damage. Lapses may be due to missed payments, non-payment or other reasons. Property Foreclosures A lender will...
Cybersecurity Insurance

What High Net Worth Individuals Should Know About Cybersecurity Insurance

Cybersecurity attacks have unfortunately become more common as technology has expanded in recent years, leaving personal information potentially vulnerable to hackers. If you have a high net worth and you’re worried about what measures you can take to protect yourself, learning about high net worth cybersecurity insurance could be a helpful first step. Find Thorough Coverage One straightforward...
Liability Protection

Find Out Why Accountants Need Liability Protection

As an accountant, your client’s finances are in your hands. This is a big responsibility and if you make mistakes, you could be liable for the outcome. Therefore, it is so crucial to have liability protection for accountants. Here are two reasons why you should not forget the coverage. Third-Parties Want Compensation Unfortunately, it is not rare for an accountant to face a lawsuit by a...
Workers Comp Insurance

Is Workers Comp Insurance Required in New Jersey?

Each state has its own set of workers comp rules and regulations. New Jersey is no exception. in fact, the state requires coverage for most entities doing business within its borders. When you manage a business that is located or operates in the state, it is important to perform research into who must carry workers comp in New Jersey. What NJ Businesses Must Carry Workers Comp Coverage? New...
General Liability Insurance

The Ins and Outs of General Liability Insurance

As a small business owner, there are several benefits to investing in a general liability insurance policy. This coverage can protect you and your employees from a variety of common risks, and it is frequently required to conduct business with other companies and contractors. When Is General Liability Insurance Needed? Liability insurance is often purchased when starting a small business. It can...
Maritime Liability

Coverage for Boating Operations

The laws that govern the seas and waterways are often different from those that govern businesses in the United States that are land-based. For maritime operations, there are requirements for insurance coverage that apply when vessels are out to see or when in port, and these are designed to address maritime liability concerns in the following areas: Boatbuilding Boat repair Commercial vessel...
Insurance Claims

Types of Insurance Claims

Many states have automotive laws that require all licensed drivers to carry a minimum amount of liability coverage against any damages an accident may cause to another vehicle or passenger. The same protection is what drive homeowners to purchase homeowner’s insurance. Regardless of the type of coverage, you will be selecting from first party coverage or third party coverage. What You Need to...
Coverage

Sourcing a Coverage Provider

When you need to find the right liability coverage, it can help to search through an insurance company directory for a provider that carries the services you need. There are many different exposures to be aware of, whether you are a commercial business or an average citizen needing to find car insurance. Choosing a provider that displays a variety of policies within the specific area of coverage...