Day: November 19, 2020

How a Business’s Insurance Can Cover a Personal Injury Lawsuit

Guest Author
business insurance what you need to know and how to

When you start a business, you’re probably very excited about it. Maybe you’ve had this idea for years, and you’re only now beginning to get it off the ground. Your family is behind you, encouraging you. You’ll need to do things like secure a bank or credit union loan, or find investors. You’ll need to hire employees and set up your supply chain. You may need to hire social media managers, marketing managers, etc. You’re hoping the business succeeds, but there’s one area you should never neglect as you’re getting…

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Car Insurance 101: Watch Out for These Low Ball Tactics

Guest Author
car insurance claims and how to deal with them

Auto insurance companies are well-known for calculating their approach to settling accident claims. They typically know beforehand when an injured claimant is going to call well before it happens, and many times they record all incoming phone calls as company policy. Why? The primary reason is that there could be something said in an initial phone conversation with a claimant that can help in defending the claim if there is a denial. Every step of the process has been thought out by the company before anyone even attempts to file…

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Pandemic insurance losses were bigger than what Lloyd’s of London expected

Logan B.
Pandemic insurance losses - mask - money

The cost on a global scale for 2020 will be greater than what the insurance marketplace estimated. Bruce Carnegie-Brown, chairperson at Lloyd’s of London, announced that the global pandemic insurance losses this year will be higher than what they had previously estimated. Sixteen different business insurance lines are facing claims at the 334-year-old Lloyd’s of London. Chairperson Carnegie-Brown recently spoke at the Reuters Events Future of Insurance USA conference. There, he stated that the pandemic insurance losses would be comparable with the price tag associated with the catastrophes that struck…

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