Coinsurance Clause Explained
How Does A Coinsurance Clause Work? An insurance policy is a complex contract that often contains provisions that assign certain responsibilities to the policyholder, such as a coinsurance clause. Because such provisions are often misunderstood, here the basics on how a coinsurance clause works to help minimize any potential confusion. What is Coinsurance and How […]
Manufacturers E&O Insurance Coverage Explained
Manufacturers E&O Insurance Coverage Explained What Does Manufacturers E&O Insurance Coverage Cover? Consider this scenario: Your company manufacturers a part or parts to client specifications, but due to an error that occurred during the production process, the part or parts aren’t made to the clients’ specifications. The clients’ disrupted production schedule causes him to miss deadlines […]