Surety Premiums versus Insurance Premiums The law of large numbers is a key integral component to most primary insurance lines…
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Summary of Surety Bond Principles Common Elements for Surety Bond Transactions All surety bonds have three parties. The principal/obligor/contractor performs…
Surety Bond Underwriting Overview The surety underwrites the risk based on the three C’s: Capital, Character, and Capacity. Most grantors…
Umbrella vs. Excess Coverage A business usually will buy liability coverage for two chief areas. One is to handle its…
Office Functions and Alcohol The office picnic, office-sponsored sports activities, holiday party, and client party may involve serving and consuming…
How to Protect Against Employee Theft When a business uses insurance and/or loss control to protect itself from losses, the…
Certificates of Insurance Business transactions frequently require the valuable protection provided by business insurance. A Certificate of Insurance is a…
Valuable Papers and Records Coverage Whether a business is a restaurant, a television station, a steel mill, a toy manufacturer…
Commercial Property Vacancy Provision Under a commercial property insurance policy, coverage is significantly different for buildings that are vacant for…
TL;DR: If your commercial property doesn’t qualify for a CPP, the Standard Property Policy offers essential coverage for buildings, contents,…
