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What's the Difference Between Occurrence & Claims-Made Insurance?
An occurrence policy offers lifetime coverage for incidents that occur during the policy period, regardless of when the claim is reported. A claims-made policy only covers incidents that occur and are reported within the policy's time frame unless a 'tail' extension is purchased.
Read NowWhat's the Difference Between Excess and Umbrella Insurance?
Excess liability insurance provides additional limits to an underlying policy, while umbrella liability insurance expands coverage to include claims and losses outside its initial scope.
Read NowThe Basics of Additional Insured Endorsements
Additional insured (AI) endorsements extend insurance coverage to a third party specified by the policyholder in the event of a claim or negligent act.
Read NowHow to Ensure Vendor Compliance
Vendor compliance involves ensuring third parties fulfill all expectations in the partnership via risk assessments, evaluations, and continuous oversight.
Read Now5 Steps to Implementing Vendor Risk Management
Effective vendor risk management entails thorough vendor selection, standardized onboarding and contracts, and real-time monitoring and reporting.
Read NowWhat’s the Difference Between a Loss Payee & an Additional Insured?
Although both are entitled to insurance benefits, loss payees receive property loss coverage while additional insureds only receive liability coverage.
Read NowYour Guide to COI Tracking
COI tracking involves collecting, reviewing, and updating third-party certificates of insurance to maintain compliance and mitigate risks.
Read NowSelf-Insured Retention & Commercial General Liability Policies
When CGL policies are subject to self-insured retention, insurers only cover a claim after insureds pay a fee—which sometimes lapses coverage.
Read NowWhat Is Commercial General Liability?
Commercial general liability (CGL) is a type of insurance coverage that protects a business from risks such as bodily harm, property damage, advertising, and personal injuries.
Read NowWhat Is Vendor Compliance Software?
Vendor compliance software is an integrated platform enabling businesses to communicate with, hire, and track documentation for third parties in real time to ensure adherence to laws, regulations, and policy stipulations.
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