Article List

Posted on 1/2/2012 by Administrator Account
Posted on 1/2/2012 by Administrator Account
Posted on 1/1/2012 by Administrator Account
Posted on 1/1/2012 by SuperUser Account
Posted on 12/31/2011 by Administrator Account
Posted on 12/30/2011 by Administrator Account
Posted on 12/29/2011 by Administrator Account
Posted on 12/29/2011 by Administrator Account

BOP Peak Season Extension

Posted on 1/2/2012 by Administrator Account

One of the major advantages of issuing insurance coverage on a BOP is all of the coverages that are built into the package. The BOP eligibility with most carriers includes small retail operations. One of the concerns with the retailer is that their inventory may fluctuate in value depending on the type of retailer and whether their stock has any seasonal increases.

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Business Income on the BOP

Posted on 1/2/2012 by Administrator Account

One of the most difficult insurance coverages to understand and establish adequate limit is Business Income Insurance. The BOP has simplified the process by including Business Income automatically, with no separate limit of coverage; subject typically to a maximum of twelve months of coverage.

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Cell Phone Insurance Coverage

Posted on 1/1/2012 by Administrator Account

We have all heard the story before, it just had never happened to me. I bought a brand new Blackberry, had finally gotten over the learning curve of how to use it and had it fully loaded. A mere three weeks after my purchase, the phone fell in my laundry basket.

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Limits of Loss Payment on and Extra Expense Form

Posted on 1/1/2012 by SuperUser Account

Extra Expense Insurance is one of the first claims that an insured will submit following a covered property loss. Extra Expense pays for the additional expenses the insured incurs in order to survive a loss or necessary expenses you incur during the "period of restoration" that you would not have incurred if there had been no direct physical loss or damage to property.

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"Ordinary Payroll" coverage on a BOP

Posted on 12/31/2011 by Administrator Account

Insight authored an article on Business Income and the BOP. The article characterized the Business Income as being a distinct advantage of the BOP over the traditional handling of business income on a Commercial Property Policy.

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Renting Your Condominium Unit

Posted on 12/30/2011 by Administrator Account

I sign nothing, at least that's my reputation. What is closer to the truth is that I sign "nothing" without first reading it, understanding it, and accepting the terms of what I am being asked to sign. That is not the case with most people, which surprises me.

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Waiting Period for Coverage on Business Income Insurance

Posted on 12/29/2011 by Administrator Account

Business Income policies have not always had a waiting period for coverage to begin; but, clearly for more than a decade the ISO forms have included a 72 hour waiting period. Most recently, some of the company forms have changed from using the term "waiting period" to the term "deductible". The change of name is for clarity purposes.

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Monthly Limit of Indemnity Form for Business Income

Posted on 12/29/2011 by Administrator Account

On an ISO Business Income Coverage Form there are three ways to write the coverage: Coinsurance, Maximum Period of Indemnity; and Monthly Limit of Indemnity. Each one of these methods will impact how much coverage must be carried and how the form will respond to a covered loss.

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