When your business is asked for Additional Insured what you are doing is extending some of the coverage and rights of your policy to the business or individual that you give Additional Insured Status.
What is a waiver of subrogation?
A waiver of subrogation is an endorsement to your business insurance policy that essentially relinquishes the right of YOUR insurance carrier to go after the insurance carrier of 3rd party you are doing business with.
What is coinsurance and how does it affect my building insurance?
Co-Insurance can have a drastic affect on how an insurance loss is valued because not meeting coinsurance requirements can mean you receive payment based on Actual Cash Value instead of Replacement Cost.
How does my credit score effect my insurance premium?
According to the Federal Trade Commission, based on the numerous studies that have been done on the issue of credit score and insurance premiums, there is a direct relationship between credit score and an individuals propensity to get into severe car accidents as well as cancel for non-payment.
When do I need an additional interest on my insurance policy?
The primary purpose of an additional interest on an insurance policy is to keep the insurance carrier organized as to what rights and responsibilities certain individuals and entities have on the insurance policy.
