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Insurance

Profits insurance

Business interruption insurance, also known as loss of profits insurance, provides coverage for the loss of potential profits when goods have been manufactured but are destroyed before they can be sold. This type of insurance protects businesses from financial loss due to events such as fire, natural disasters, or other unexpected occurrences. It is an essential tool for businesses to ensure continuity and financial stability in the face of unforeseen circumstances.

Binder

When an insurance company provides temporary coverage before the actual policy is issued, it is known as a temporary authorization of coverage. This temporary coverage is pu...

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Aggregate limits

In the realm of insurance, it is important to understand the difference between a yearly limit and a per occurrence limit. A yearly limit refers to the maximum amount an ins...

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Risk-based capital

In addition, insurance companies may also be required to hold a certain amount of reserves Insurance companies must maintain appropriate capital levels based on the level of...

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Arson

in order to collect insurance money is known as arson, and is considered a criminal act. The amount of insurance fraud related to arson has been estimated to be in the billio...

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