Also known as business income insurance, is a type of insurance that covers the loss of income that a business suffers after a disaster. The income loss covered may be due to disaster-related closing of the business facility or due to the rebuilding process after a disaster.
Protects the insurance company against an accumulation of losses due to single events such as major natural or human-made disasters.
Coverage that protects a person's or organization's insurable interest in materials, fixtures and/or equipment being used in the construction or renovation of a building or structure should those items sustain physical loss or damage from a covered cause.
Policy that provides coverage to a business for bodily injury, personal injury, and property damage caused by the business' operations, products, or injury that occurs on the business' premises.
Insurance covering the transportation of goods and/or merchandise by vessels crossing both foreign and domestic waters including any inland or aviation transit associated with the shipment.
Insurance against claims and losses arising from the ownership, maintenance, or use of aircraft, hangars, or airports including damage to aircraft, personal injury, and property damage.
A type of liability insurance covering directors and officers for claims made against them while serving on a board of directors and/or as an officer. D&O liability insurance can be written to cover the directors and officers of for-profit businesses, privately held firms, not-for-profit organizations, and educational institutions. In effect, the policies function as "management errors and omissions liability insurance," covering claims resulting from managerial decisions that have adverse financial consequences.
A type of liability insurance covering wrongful acts arising from the employment process. The most frequent types of claims covered under such policies include: wrongful termination, discrimination, sexual harassment, and retaliation.
Is a risk management technique that seeks to reduce the possibility that a loss will occur and reduce the severity of those that do occur. A loss control program should help policyholders reduce claims, and insurance companies reduce losses through safety and risk management information and services.
Perform physical inspection of premises in order to evaluate the exposures and controls that could results in a loss. Incidents and Claim reports.
Analyze the potential impact that a loss could have in the Insured’s operation. Give special attention to the loss frequency and severity.
Establish methods in order to avoid, reduce and/or minimize the effects of a loss. Discuss with the Insured the Recommendations made by the Insurance Company’s Inspector; including deficiencies and hazards found throughout the physical and visual inspection made.
Through the analysis of loss experience and continuous visits to all the premises.
Monthly and quarterly Loss Reports.