Claim Audits…How The Numbers Add Up
Claim Audits…How The Numbers Add Up Worst-case scenarios sometimes happen. Having risk management plans, operational processes and a systemic approach to recording and managing a potential claim incident if and when it occurs is a best practice for any business. The International Risk Management Institute (IMRI) defines a claims audit as “A systematic and detailed […]
Tail Coverage Insurance? What it means.
Tail coverage insurance? What it means for your business. According to the International Risk Management Institute (IMRI), tail coverage insurance is “a provision found within a claims-made policy that permits an insured to report claims that are made against the insured after a policy has expired or been canceled, if the wrongful act that gave […]
Is Your Property’s Full Value Covered?
Is Your Property’s Full Value Covered? If a fire, flood or windstorm damages your commercial property, your business will be interrupted. Once you’ve confirmed all employees are safe, you’ll reach for your business insurance policy. Knowing what common insurance terms mean – such as Total Insurable Value – before a loss happens can help ensure […]
