Helpful explanations of common insurance topics and terminology.
When you purchase insurance, one of the first numbers you notice is the premium. Your premium is the amount you pay for your insurance coverage. Depending on the policy, you may pay it monthly, quarterly, or annually. But why does one person pay more for insurance than another? And why can the cost of the...
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If you own a business, you may eventually encounter a Waiver of Subrogation requirement in a lease, vendor agreement, contractor agreement, or other business contract. The term can sound complicated, but the basic concept is relatively straightforward. A waiver of subrogation can limit an insurance company’s ability to seek recovery from a specific party after...
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10 Business Insurance Terms Every Business Owner Should Know Business insurance comes with a lot of terminology that can be confusing, especially if you are purchasing commercial insurance for the first time. Understanding a few common insurance terms can make it easier to read your policy, compare quotes, and ask better questions about your coverage....
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Insurance can sometimes feel complicated, especially when it comes to understanding the terms used in a policy. One of the most important concepts to understand is the insurance deductible. Knowing how deductibles work can help you better understand your coverage, compare insurance options, and make informed decisions when choosing a policy. What Is an Insurance...
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