3 Types of Corporate Insurance You Must Have to Stay Protected

Businesses engage in inherently risky behaviour. It’s impossible to guess at how the consumers might react to a corporation’s actions. If your company gets sued, you’ll want the right type of insurance cover. Likewise, if something happens to key employees within your operation, you’ll want insurance coverage that protects your business and keeps the doors open. General Liability Cover Every business has at least some need for general liability coverage – assuming that customers come to your place of business. General liability covers you if someone is injured on your…

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Five Types of Business Insurance You Should Have

Business Insurance

How to Avoid Financial Ruin in the Future Businesses need several different types of insurance to protect them from financial ruin. It is important to protect your business with different types of insurance that will keep you and your business protected in several key ways. Importance of Property Insurance Property insurance will protect your building and the supplies within it if there is a robbery or fire. Furthermore, this insurance also will help if your store has been vandalized or if there is smoke damage to the property or items…

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Safeguarding your Company’s Health with Business Insurance

Business Insurance

Regardless of what the type of business you own, giving it an extra layer of protection will always be a wise investment. We should never gamble with our company’s assets and protecting it with the right insurance policy ensures that our business is prepared for any eventuality. But with all the insurance policies available in the market today making the choice could be difficult. Studying your options ensures that you’re getting the right set of coverage for your business. Read along and discover facts about business liability insurance – one…

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Virginia appeals court rules insurance companies not responsible for global warming claims

In a case that has drawn significant attention from the insurance industry, the Virginia Supreme Court has ruled that Steadfast Insurance is not required to defend AES Corp., which is a defendant in Kivalina v. Exxon Mobil Corp, et al, a significant climate change case that is currently before the 9th Circuit Court of Appeals in San Francisco. Lawyers are expecting that over the next few years, there will be a rise in litigation for insurance coverage cases that are connected to climate change, making this case an important one…

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The Beazley Group branches out into crime insurance market

The Beazley Group, a specialist risk insurance and reinsurance company, has announced that they will be expanding into the fidelity and crime insurance market. The insurer is striving to strengthen its presence in this particular market in the U.S. Aiming to broaden the scope of buyer choice within the market, Beazley has assembled a team they believe is capable of driving their aim. The group will establish limits of $25 million for coverage for both financial and non-profit organizations. Bill Jennings, among the most experienced underwriters available, has signed on…

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Captive Insurance Companies: New Money Saving Trends for Businesses

Officials from Helena, Montana, are reporting that an increasing number of businesses and organizations are forming their own insurance companies in an effort to manage costs. These impromptu coalitions are being called “captive” insurance companies. The specific objective of these companies is to finance or insure the risk of their parent groups. Steve Matthews of the State Auditor’s Office says that the trend is to keep insurance premium taxes from leaving the state. In 2010, Montana licensed 26 captive insurance companies, bringing the total number of such companies in the…

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