1 Stock Throughput Policies How to make them work for you Virginia Cameron Joe Sheridan September, 2013
2 Marine Stock Throughput Policy The Best Kept Secret in Property Insurance fb2cda42a1a5a1bbe06fc468c4&width=382&height=230 &playerform=lvpplayer Bob Bartsch
3 Brokers: Underwriters and Brokers No Gap in Coverage One stop shopping Perspective Competitive Terms and Rates Underwriters Increased Premium Potential in Marine Market Ease of doing business Complex submissions with CAT modeling, incidental exposures, and extremely broad coverage
4 History Marine cargo insurance is one of the worlds oldest forms of insurance. The Babylonians developed a system (Code of Hammurabi, c BC),practiced by early Mediterranean sailing merchants. If a merchant received a loan to fund his shipment, he would pay the lender an additional sum in exchange for the lender's guarantee to cancel the loan should the shipment be stolen. A thousand years later, the inhabitants of Rhodes created the 'general average', which allowed groups of merchants to pay to insure their goods being shipped together. The collected premiums would be used to reimburse any merchant whose goods were jettisoned during transport, whether to storm or sinkage.
5 What Does Cargo Insurance Cover? The goods insured wording from a sample Cargo Policy Form is: Goods and/or merchandise and/or property of every description incidental to The Assured s business consisting principally of, but not limited to TBA and including prepaid freight and/or advanced freight and/or guaranteed freight "vessel lost or not lost" (Under and/or On Deck) shipped by or to the Assured or by or to others for The Assured's account or control or in which The Assured may have an interest; also to cover shipments of goods and/or merchandise and/or property for the account of others on which The Assured agrees or receives instructions to insure. The KEY word in this clause is shipped.
6 Evolution of Marine Insurance Marine Cargo insurance has been evolving for centuries. During World War II War Policies added to Marine Cargo Programs. The Marine extension clause is added: Goods are now covered during delay, deviation, forced discharge beyond the control of the assured. Next evolution Inland Transits are added Next evolution Goods in storage Next evolution Goods in Retail locations Next evolution DSU/ BI/CBI Thus all the components of a throughput program
7 Definition of Stock Throughput There are various definitions of what is included in a throughput program. The broadest would be: The Marine Stock Throughput Insurance Program is an all-inclusive Policy covering goods from the time an Assured assumes an interest in the goods until their interest ceases. This insurance hereunder attaches from the time the subject matter becomes at the Assured s risk or the Assured assumes interest and continues while the subject matter is in Transit and / or in Store, on Exhibition or elsewhere, including while held as Stock and / or at the Assured s Stores and / or Outlets and / or in Consolidation / Deconsolidation Points and / or Processing. Assembly, Renovation and Repair whether or not in the due course of transit. Cradle to Grave Coverage : This would include ocean transits (air or vessel), inland transits, at processors, at warehousing, at exhibitions or trade shows, and at retail locations.
8 Understanding The Details The Underwriters Perspective Understanding the Risk Understanding the Coverage and Coverage Extensions Understanding the Exposure Limits and Excess Coverage Understanding CAT Exposures Flood Wind Quake
9 Understanding the Risk What is a Stock Throughput? Goods in Transit Goods in Storage or Processing Retail Locations One composite rate against sales/ or a combined approach with flat storage premium Plus more
10 Understanding the Risk What Property is covered in a Stock Throughput? Raw Goods and Finished Goods Goods in Process/Processing Goods of All Kind Personal Property Building Coverage?? Business Interruption/ Contingent BI Salesman s Samples Exhibition Newly Acquired Locations
11 Understanding the Risk Where is Property covered in a Stock Throughput? Worldwide coverage Insured s own location Retail locations Warehouse,Processing locations and DCs Exhibitions Unnamed locations Third Party Locations
12 Location Coverage Warehouse/Processing/ Retail/ Distribution Center Scheduled or Blanket Limits Owned locations or Third Party Locations Are the limits requested equal to the large deductible under the property program. Are you charging an adequate premium against the full values exposed?
13 Unnamed Warehouse Locations What is included in Unnamed Locations? Is it limited to a public warehouse or something else? Someone s garage The basement Cave Storage Unanticipated countries (not on the schedule) Full CAT cover in unnamed locations? Are limits extremely high to cover newly acquired locations? How are you charging? How many locations do they have with what values at risk?
14 Cradle to Grave Where / When does coverage attach? On a tree? In a mine? In the sea?
15 International Coverages Is a local policy required in any of the countries Does the local country allow inventory to be covered under a cargo policy? Are all countries/entities in compliance with OFAC or other regulations Do you have proper wording in your policy to prevent an OFAC violation
16 Understanding the Coverage Extensions Overland Transit (Foreign and Domestic) Business Interruption/ Contingent Business Interruption Delay in Start Up (DSU) Real Property Profit Sharing/ No Claims Bonus Continuity Credits Guaranteed Rates or Premium
17 Understanding the Exposures 100% of the Exposure/ Coinsurance Primary Layer Excess Layer Valuation Did you offer an increased valuation to cover BI? CAT Perils Annual Aggregates Sublimits per Occurrence or Aggregate Perils Insured Separately
18 Excess Stock Coverage Any transit exposure or is this an inventory only coverage? Is this primarily a CAT cover? What are your perils? Is the underlying coverage a cargo policy, or are you excess of a property policy in some of the foreign countries? Excess can be placed in the property market Will your excess cover drop down if the primary coverage excludes the peril or has exhausted its limits?
19 Understanding the CAT Exposures Flood What are the flood zones Windstorm Coastal Tornado Alley Earthquake Earthquake Zones, Regions or Countries Tsunamis and others Modeling What are the issues
20 Flood Every location is in a Flood Zone. Flood Zone A, sometimes called the 100 year flood zone, means the chance of a flood is 1% or greater. You can have more than one flood loss every 100 years.
21 Earthquake The National Earthquake Information Center (NEIC) records an average of 20,000 earthquakes every year (about 50 a day) around the world. There are, however, millions of earthquakes estimated to occur every year that are too weak to be recorded EQSL Incl in Aggs Fire Following - Covered Not in part of agg
22 Wind includes Hurricanes Tornados Typhoons Sharknados Named Windstorm Windstorm Is this defined?
23 Benefits of a Throughput A single all-inclusive worldwide policy covering goods, whether finished or otherwise in transit or otherwise on an All Risk basis. Coverage for goods in Storage / Detention /Processing without time limitations. Policy Rate against Sales. This is a Non Reporting Policy. Low Deductibles on goods in Storage /Detention, including California. Limits of liability for Storage / Inventory in excess of $100 million per location available, including California. Coverage inclusive of Windstorm, Flood, and Quake Competitive Rating Goods are insured against Selling Price Local Fronting Policies available if/when required
24 Issues with Throughputs Issue Removing the stock from a property policy means that separate deductibles will apply the stock and the property. Solution In the vast majority of cases deductibles under a Stock Throughput policy are considerably lower than those under a Property policy. This is particularly true of catastrophe deductibles. Additionally we have utilized joint deductible wording. The Company (Insurer or Underwriter) acknowledges that there is other insurance in force for the Insured that contains a deductible provision. Such insurance is for property of a type not insured by this policy. In each case of loss or damage deemed a single occurrence and involving such other insurance and this policy, the amount of the deductible applicable to this policy shall not exceed the proportion that the loss, damage or expense insured hereunder bears to the total amount of loss, damage or expense insured by both this policy and such other insurance combined, without regard to the deductibles applicable separately under each policy. Both underwriters must agree to this clause.
25 Issues with Throughputs Issue As marine cargo policies respond only to physical damage, we could have an event that doesn t damage our inventory yet we could have no access to it. An example would be an earthquake that makes Ingress / Egress difficult. Solution Access to Property Clause It is understood and agreed that should any governmental or civil authority deny the Insured access to subject-matter insured hereunder, as a result of damage to a building and/or structure and/or conveyance in which it is held from a peril insured against hereunder, such subject matter insured which cannot be retrieved shall be considered a total loss under the terms of this insurance contract. Any salvage from subject matter insured as described above shall be for the benefit of the Insurers.
26 Issues with Throughputs Issue Throughput policies do not cover business interruption claim following a stock loss. Solution All transits and stock can be insured for a Selling Price valuation under the Stock Throughput Policy. This accommodates any loss of profit in respect of goods in the current supply chain. This will cover the first turn of any Warehouses. There will be increased costs incurred in obtaining alternative warehousing and these costs can be covered by means of an Extra Expenses clause. Drop Shipments are an alternative solution for distributors There have been some policies where the valuation is increased for a specified peril in order to address extended Business Interruption losses after a catastrophic event Discussion At owned locations, covered under a property policy, it is hard to imagine a stock loss that would not affect the real property and thus trigger BI. Examples could be hazardous cargoes or chemicals.
27 Issues with Throughputs Issue For retail throughputs there currently is no anchor or lead store coverage. This is correct. There is no coverage for this type of financial loss in the throughput market. Would the peril causing the loss at the anchor store affect our location? If so physical damage and first turn caused by the damage would be covered.
28 Sample Risks
29 Goods of All Kind and Every Description Chain of grocery stores with $5 Billion in Sales, what are you really insuring? Goods in transit Good in storage Goods at the retail locations Are you including business personal property such as cash registers and displays Other chains owned by the parent Are you insuring something other than groceries?
30 What incidental exposure is included Jewelry stores with the Grocery Store? Did you realize what jewelry exposure you offered? Exposure is only 6% Jewelry DC has $60 Million limit Would you write a jewelry account with $300 Million in Exposure? Surveys? Alarm details? Gas stations as part of the rewards program Did you know you were insuring gasoline as part of the Goods of Every Kind
31 STP Case Study Throughput Program Traditional Program Inventory Premium $50,000 $120,742 Cargo Premium $154,500 $170,000 Total Cost $204,500 $290,742 Savings 30% -- Deductible $25,000 $100,000 EQ Deductible, Zone 1 $50,000 5% maximum of $1,063,000 Flood Deductible (100 yr plain) $50,000 1% minimum of $250,000 Sublimit EQ Zone 1 NONE $5,000,000
33 The Exposures Have you contemplated all of the incidental exposures? Do you understand the unnamed location exposure and limit?
34 Coverage Extensions Understand the extensions requested or included in the Broker forms Are you covering Sales Price or some other valuation? Did you increase the advance to offer some form of BI protection? Are you rating against the values exposed?
35 CAT Perils Did you identify your CAT exposures Exclusions Sublimits Annual Aggregates Deductibles Reinsurance Rate
36 Rate Adequacy If Marine Underwriters are going to profitably underwrite property risks, they need to be property underwriters. Evaluate COPE What would a property underwriter charge? Evaluate entire exposure, not just limit provided Can you justify your rate?
37 Rate Adequacy Did you calculate the rate on sales based on expected exposures? Warehouse exposures go down when sales go up Warehouse exposures go up when sales go down (the inventory is not moving and builds up in the warehouse) Are shipments less than, equal to, or greater than total sales? Do you have a guaranteed premium on renewal If exposures double, you have just guaranteed a 50% rate reduction was that your intent?
38 STP Candidates Stock Throughput candidates are Manufacturers, Retailers and Distributors, however any type of business can utilize a Stock Throughput. These programs may or may not be the best answer for your client. Consider: Does the client own or lease distribution centers? Are the leases triple net? Are they insuring furniture and fixtures do they need to? Do they utilize public warehouses? How many times do they turn inventory at DCs throughout the year.
Insurance Options to Protect Against Supply Chain Losses Tim Garrett, Cargo Underwriter, AF Beazley Syndicate Rupert Sawyer, Divisional Director, RKH Specialty SUPPLY CHAIN INSURANCE PART 1: Physical loss
PROTECTING BUSINESS INCOME: CONTINGENT BUSINESS INTERRUPTION INSURANCE AND THE EVOLUTION OF TIME ELEMENT COVERAGES August 2012 PROTECTING BUSINESS INCOME: CONTINGENT BUSINESS INTERRUPTION INSURANCE AND
Business Income With Extra Expense Table of Contents Section Page No. Premises Coverages 3 Additional Coverages 5 Limits Of Insurance 11 Waiting Period 11 Loss Determination 11 Loss Payment Option 12 Loss
Business Income With Extra Expense Table of Contents Section Page No. Premises Coverages 3 Additional Coverages 6 Limits Of Insurance 12 Waiting Period 12 Loss Determination 12 Duration Of Loss Research
Boiler & Machinery Depend on our broad scope and focus. Allianz Global Corporate & Specialty North America offers a wide range of innovative Boiler & Machinery risk solutions for many types of businesses
Glossary of Insurance Terms: (obtained from website: http://www.iii.org/individuals/glossary/alfa.l/) ACTUAL CASH VALUE A form of insurance that pays damages equal to the replacement value of damaged property
Key Issues in Loss Mitigation - Catastrophic Events / Commercial Property Insurance Area Business Disaster Recovery Symposium Myrtle Beach Convention Center January 31, 2014 James W. Errico 1 Brief Bio
Study Note for Commercial Lines Coverages Commercial lines policies are distinctly different from personal lines insurance [homeowner s and personal auto] in the following ways: HO policies have an 80%
Hurricane Preparation and Response Insurance & Risk Management December 6-7, 2012 AAPA Miami, Florida Risk Management Pre Loss Planning What to do before a loss: Identification of insurance policies that
WINE STOCK THROUGHPUT POLICY Cover for wine exposures WINE STOCK THROUGHPUT POLICY AT JLT, WE BELIEVE IN DOING THINGS DIFFERENTLY. Why? Because in the world of insurance broking, risk management, claims
Unit-2- Marine Insurance Meaning- Procedure of taking marine insurance policy- Difference between fire and marine insurance- clauses of marine insurance policy- marine losses and perils- Types of policy
Application For Marine Cargo Quote BROKER INFORMATION Producer Name Account Manager Name Company Name Street Street 2 City State Zip Country Phone Fax Email ASSURED INFORMATION Company Name Street Street
Your clients move goods across the globe. We can help you keep their coverage close to home. Cargo Insurance Delivered to Your Nearest Port As the world economy expands, so does your opportunity to grow
Business Income Without Extra Expense Table of Contents Section Page No. Premises Coverages 3 Additional Coverages 5 Limits Of Insurance 10 Waiting Period 10 Loss Determination 10 Loss Payment Option 11
BUSINESS INTERRUPTION: DEDUCTIBLES & SUB-LIMITS Joe Aldous RGL Forensics Andrew Schütte Hill Dickinson Jason Reeves Zelle Hofmann Deductibles? Sub-limits? Deductibles for BI vs Deductibles for PD temporal
Table of Contents Introduction: The Building and Personal Property Coverage Form CP 00 10...1 Property Coverage Forms...2 ISO Rules...3 Underwriting...5 The National Underwriter Company Coverage Guides...6
POLICY NUMBER: COMMERCIAL AUTO CA 23 23 11 02 THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. "Insurance Services Office, Inc. Copyright" This form has been promulgated by the Virginia State
Piers, Wharves & Docks Exposures and Concerns By: Christopher L. Pesce May 10, 2011 Piers, Wharves & Docks Statistics Why underwriters love to write docks Estimated industry losses for 2010: $30,000,000
Think SUSTAINABILITY. Think Chubb. Plan for risk, today and tomorrow Entering new markets. Moving from R&D to commercialization. Addressing contractual requirements from investors, vendors, or partners.
Indemnity based Nat Cat insurance covers for sovereign risks Example: FONDEN, Mexico Workshop World Bank / Munich Re Washington: 23 April 2013 Dott. Ing. Paolo Bussolera Head of Claims - Europe and Latin
P&I 2608/2016 15 January 2016 Protection & Indemnity Insurance 2016/2017 Part 2 final This is the second circular letter in respect of 2016/2017 policy year including updated information. The information
Supply Chain Risk Offering 2010 & 2011 Catastrophes Emphasize Supply Chain Vulnerability Iceland Volcano ~ $200 million USD per Day >$5 billion USD total economic loss Japan Earthquake and Tsunami ~ $300
MARINE LIABILITY PRODUCTS www.prosightspecialty.com/marine Tim McAndrew email@example.com 212-551-0618 Tom Zdrojeski firstname.lastname@example.org 212-551-0623 Robert Palmer email@example.com
PERSONAL EFFECTS AND HOUSEHOLD GOODS POLICY INTEREST INSURED ---------------------------------- HOUSEHOLD GOODS AND PERSONAL EFFECTS OR PRIVATE PASSENGER AUTOMOBILE AND MOTOR CYCLE, AS PER INVENTORY/DECLARATION
AIMU INSURANCE DAY SEPTEMBER 30, 2011 FORENSIC ACCOUNTING BY: Louis D. Magnan, CPA 212-952-5000 Lmagnan@mgacpas.com www.mgacpas.com New York Boston Chicago Tampa INDEX Biographical information Overview
/ business Small steps toward preparing your business for emergencies Step 4: Insurance THE GOAL: Make sure you have insurance that will enable you to get back into business after a disaster. Finding the
Glossary of Commercial Insurance Terms Commercial insurance is divided into two main categories: property insurance and casualty insurance. Property insurance provides coverage for property that is stolen,
Household Goods & Personal Effects Proposal Form B (iii) Insurance of Personal Effects in Barrels Restricted Cover This Insurance is restricted and covers only risks of loss and/or damage as a result of
DHL CARGO INSURANCE RELAX. YOU RE IN SAFE HANDS ARE YOU FULLY COVERED? Freight forwarders and carriers have limited liability under international conventions for the loss or damage to goods. In the case
INSURANCE GUIDE An Insurance Guide for Small Business The Bermuda Small Business Development Corporation (BSBDC) in conjunction with Freisenbruch-Meyer Insurance Services (FMIS) is pleased to make this
Business Interruption Insurance James W. Errico, CPA, CFF, CGMA Director, Lead Consultant Aon Global Risk Consulting January 30, 2015 Goals of Today s Session Following Today s Session You Will Be Able
VALUATION OF ASSET FOR THE PURPOSE OF INSURANCE - R.Qaiser, Faculty Member, NIA Introduction The purpose of insurance as an effective mechanism of protection will loose its meaning if the insurance policies
POLICY NUMBER: COMMERCIAL PROPERTY THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. NEW JERSEY NAMED STORM PERCENTAGE DEDUCTIBLE This Endorsement modifies insurance provided under the following:
Brochure More information from http://www.researchandmarkets.com/reports/1413755/ Commercial Property Coverage Guide, 4th Edition Description: A business - from the one person office or store to the highly
PAWNBROKER S COMMERCIAL PACKAGE POLICY APPLICATION FOR INSURANCE PLEASE COMPLETE THIS APPLICATION IN ITS ENTIRETY FOR FASTER SERVICE. ASSURED S INFORMATION Name of Assured: Business Address : (Street/City/ST/Zip)
After a wildfire, people may have questions about their insurance coverage. The Insurance Information Institute offers answers to some of these basic questions. HOMEOWNERS COVERAGE Q. If my house burns
Willis 2012 Latin American Energy Conference Contingent Business Interruption aggregates, Supply Chain Management, all under control? Olivier Perraut, CUO Energy and Natural Resources - SCOR Global P&C
Chapter 10 Property and Motor Vehicle Insurance McGraw-Hill/Irwin Copyright 2012 by The McGraw-Hill Companies, Inc. All rights reserved. 10-1 Chapter 10 Learning Objectives 1. Develop a risk management
. Application For Life Science Quote BROKER INFORMATION Producer Name Account Manager Name Company Name Street Street 2 City State Zip Country Phone Fax Email ASSURED INFORMATION Company Name Street Street
Optimum Property Comparison to Property Plus Our Optimum Property provides a comprehensive suite of coverages. This document provides a comparison between the Optimum Property coverage form and the Property
BUSINESS INTERRUPTION Loss of Profits, Salaries and Fixed Expense Insurance Perils Covered Loss of net profits, salaries and fixed expenses of the insured business arising out from the operation of buildings,
Ensuring Proper Protection of Your Company s Assets and Exposures Know the Worth of Your Assets The development of accurate insurable values is an excellent way to verify the physical worth of your assets
MARINE PRODUCTS DIRECTORY CARGO INSURANCE All risks of physical loss or damage to goods whilst in transit by land, sea and/or air including War, Strikes Riots and Terrorism and Goods in Transit Insurance.
Business Resilience: How to Get Business Interruption Right Before and After the Storm March 1, 2016 Rick Lunt Technical Director, Business Resilience National Tornado Summit Time Element Issues Business
Marine 3 rd May Cargo 2011 Insurance What is Marine Insurance? Marine Insurance is the oldest Insurance in the World Marine Insurance Act 1906 - sets out the Insured, the Brokers and the Insurers Responsibilities
Insurance Terms To look up the definitions of commonly used insurance terms click on the term below to move to that section of the document. We hope that you find this information helpful. Our comprehensive
Lender Placed and Foreclosed Property Policy Application I. Applicant Information Named Insured & Mailing Address Producer Name & Mailing Address Proposed Effective Date: Type of Institution: Date Institution
Allianz Global Corporate & Specialty Project Cargo Managing risks and protecting assets Expertise Allianz Global Corporate & Specialty has assembled a highly skilled global team of Project Cargo underwriters
Manufacturers Beware: Are Your Products in Process and Transit Adequately Covered? ICM 006 Speakers: Lester Brown, Partner, Perkins Coie LLP Todd Marumoto, Risk Manager, Mattel Inc. David Cole, Cargo Practice
INTERNATIONAL INSURANCE APPLICATION St. Paul Fire and Marine Insurance Company GENERAL INFORMATION Named Insured Effective Date Mailing Address (Street, City, State, Zip Code) Website: Business of Insured:
The Essentials of Church Insurance By Jerry J. Sparks www.agfinancial.org/insurance 866.662.8210 The Essentials of Church Insurance What coverage does your church need? Churches have become increasingly
APPLICATION Lender Placed And Foreclosed Property Policy Maryland NOTE: If additional answer space is required, please attach extra pages to this document. I. Applicant Information Named Insured & Mailing
8 Businessowners P olicy (BOP) O h i o P r o p e r t y a n d C a s u a l t y I n s u r a n c e Businessowners Policy (BOP) Insurance companies have identified the six types of businesses that have been
CARGO MARINE INSURANCE BROKER Company - Appraisal Questionnaire CARGO MARINE INSURANCE COMPANY DETAILS : Name of the Group: Business mailing address: Company name: Address: City: State- Country: Key Contact:
U.S Producer Price Index for Property and Casualty Insurance Deanna Eggleston U.S. Bureau of Labor Statistics I. Industry Output The primary output of the property and casualty insurance industry is the
Insurable Replacement Cost Insurable Replacement Value represents the replacement or reproduction cost of the insurable improvements. It is not a Value, but rather a Cost Estimate that makes no allowance
Hull and Machinery Insurance Who buys this insurance? qüçëé=êéëéçåëáääé=ñçê=íüé=éüóëáå~ä=ïéää=äéáåö çñ=~=îéëëéä=äé=íüéó=püáéçïåéêëi _~êéäç~í=`ü~êíéêéêë=çê=qüáêç=m~êíó j~å~öéêë Costs of repairing physical
Project Finance & Insurance Christopher Cook November 2012 JLT SpecialtyLimited Financiers Insurance Due Diligence Team - Jardine Lloyd Thompson Group largest non USA insurance broking & consultancy globally
Risk Management Workshop 1 What is Risk Management? It is the identification, assessment, and prioritization of risks followed by coordinated and economical application of resources to minimize, monitor,
REPORT Airmic review of the supply chain insurance market Review of recent developments in the supply chain insurance market 1. Executive summary Increasingly complex supply chains, together with greater
Business Owners Insurance made simple What s inside: How to read an Allstate Businessowners Policy Declarations Protecting your building and business personal property Understanding deductibles and coverage
Consumer s Quick Check Guide Condominium Unit-Owners Policy Explanation of Coverage Limits and Options: This Consumer s Quick Check Guide to the Condominium Unit-Owners Policy is based, in part, on Insurance
POLICY NUMBER: CAPITAL ASSETS PROGRAM (OUTPUT POLICY) OP 15 04 04 13 THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. BUSINESS INCOME REPORT/WORKSHEET Name Location This worksheet must be
Chubb Group of Insurance Companies Business Income, Extra Expense and Research and Development Income Worksheet For Ongoing-Business with/without R&D Activities This worksheet will help you determine the
Explanation of Coverage Limits and Options Consumer s Quick Check Guide Dwelling Property Policy There are three Dwelling Policy Forms offered in the State of Florida. This Consumer s Quick Check Guide
THINKING RELOCATION? THINK INTERDEAN. Lump Sum Insurance Documentation We make it easy. INSURANCE GUIDANCE NOTES Here at Interdean, you can be assured that every care is taken by us to protect your goods
What You Need to Know Before Your Business Insurance Renews by Scott Kirby Shopping for commercial insurance is easy when prices are falling. Need to save money? Need broader coverage? Get another quote.
These clauses are for illustrative purposes only and different terms and conditions may be agreed in particular where any clause excludes losses or makes cover subject to certain conditions. MARINE INSURANCE
COMMERCIAL INLAND MARINE Chubb Custom Market (CCM) a leader for many years in placing commercial property insurance for the excess and surplus lines segment of the insurance industry is now a market for
Page 1 of 9 DOCUMENT 00850 INDEMNIFICATION AND INSURANCE REQUIREMENTS EXHIBIT B-1 INSURANCE REQUIREMENTS FOR CONSTRUCTION CONTRACTS ABOVE $25,000 Indemnity The Contractor shall indemnify, defend, and hold
APPENDIX 7 INSURANCE REQUIREMENTS 1. GENERAL INSURANCE REQUIREMENTS APPLIES TO ALL POLICIES The mortgage shall contain a covenant binding the mortgagor to maintain adequate liability, fire, and extended
SILA: Catastrophic Risk Management Course Description: P&C Risks and Catastrophes focuses on topics that may not come up every day, but are equally as important for agents and consumers to understand because
SPECIAL REPORT: Ways To Save On Your Home Insurance- by John Adams, for Fox5 GOOD DAY ATLANTA 1 12 Ways to Lower Your Homeowners Insurance Costs edited by John Adams The following originally appeared in
April 2012 Premium Reduction Guide California Automobile Repair Shops 5 Minutes 20% Lower Costs No sales people to bother you 2012 rates Pay the lowest rates in California (858) 674-5997 How to use the