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Category: Business Insurance Marketing

Tail Coverage: The Facts You Need to Know

Tail Coverage: The Facts You Need to Know

Tail Coverage: The Facts You Need to Know Extended Reporting Coverage, or tail insurance coverage is an add-on to a company’s E&O policy. Essentially, this coverage allows a purchaser to continue to cover claims after a policy expires. While it will not give a company more time to report an incident, it will give them more time to report one. E&O Insurance After Retirement or Sale If you are selling your company or if you plan on retiring, then you…

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Choosing the Right Contractor

Choosing the Right Contractor

If work needs to be done to your house, how do you know who you can trust to do the job? Scammers and shady business deals are an unfortunate reality of the world we live in, so use these tips in choosing the right contractor for your home renovation. 1. They are Insured As part of the vetting process in finding a contractor, ask them if they have contractor’s insurance. Ask what kind of coverage it entails, and don’t be…

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A Different Kind of Insurance

A Different Kind of Insurance

A Different Kind of Insurance If you’ve ever thought about starting your own insurance company, you know there’s a lot to consider and different paths you can take. Before you jump on board, be sure you understand the captive insurance definition. What Is It? In short, captive insurance is an insurance company owned and operated by the insured. Many people choose this option after shopping around for insurance and deciding that a plan or policy does not adequately meet their…

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There is No Replacement for Industry Expertise

There is No Replacement for Industry Expertise

Purchasing New Mexico business insurance is a priority for most business owners in the Land of Enchantment. Even if you do everything right—meaning you take all the right precautions, implement all the right procedures and impose all the right contracts—running a business still poses many risks. Employees can become injured on the job. A client may be dissatisfied with the services they receive. A cyber attacker may steal all of your customers’ most confidential information. Because there is no telling…

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3 Types of Business Insurance You May Need

3 Types of Business Insurance You May Need

Insurance coverage for your business is a necessity. The dilemma is knowing what type of policy is best for you. Of course, different companies have unique needs. For example, the insurance requirements of a company selling goods differs from one selling services. Fortunately, business insurance in Fieldale can accommodate a variety of coverage needs. There are several types of insurance policies available. Each one safeguards your business from specific risks. Commercial general liability provides broad protection for a variety of…

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Protect Your Assets for the Future

Protect Your Assets for the Future

New Mexico oil field insurance is designed to protect all your oil and gas drilling equipment against damage and failure. Working in the oil fields exposes your assets and personnel to risk every day. Help mitigate that risk and keep your business operating at the worst of times with carefully selected polices form a company that specializes in oil and gas field situations. You’ve worked hard to build your business and you understand the oil and gas industry in New…

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What Is Civil Monetary Penalty Insurance?

What Is Civil Monetary Penalty Insurance?

As a result of investigations into potential wrongdoing by financial institutions, regulators may impose fines, called civil money penalties, on individuals within the institution. These fines can grow to be quite large and have a significant impact on the assets of the individual being penalized. The possibility of such a penalty is a risk that is taken by directors and officers of banks on a regular basis. It is possible to alleviate this risk, however, by taking out a civil…

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Three Reasons To Get CMP Insurance

Three Reasons To Get CMP Insurance

Working on the board of a financial institution is a liability risk. If any wrongdoing by the bank is exposed, there is a possibility that you could be held personally liable to pay a civil money penalty. Civil monetary penalty insurance is a good way to reduce your risk and has three main benefits. One benefit of CMP insurance is that deductibles are generally low. In fact, it is typically possible to get a policy with no deductible whatsoever. That…

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