1970 Group’s Post

Interesting report from Ivans on commercial insurance rates in February. Is this what you are discussing with your current broker? Maybe there is a way to deliver better results than this? Reach out and I will gladly discuss our method and the results we are delivering. #usioneadvantage

The insuring clause, known as the "coverage clause" or "promise to pay," is a crucial provision in insurance policies. It outlines the insurer's commitment to cover specific risks or losses, defining the scope of coverage, limits, and conditions. Key components of the insuring clause include: - Risks insured against (e.g., fire, theft, liability) - Types of covered losses (e.g., damage, legal liability) - Policy limits and any applicable conditions or exclusions This clause plays a vital role as it: - Defines the policy's purpose and scope - Establishes the insurer's obligations - Sets coverage boundaries and helps in claims resolution - Ensures policyholders understand their coverage clearly A well-crafted insuring clause fosters clarity, aligning insurer and policyholder expectations to minimize misunderstandings or disputes. It is the core of an insurance policy, laying out the coverage promise and contract terms concisely. Example: "The insurer agrees to pay for losses from damage to insured property, up to the policy limit of K100,000, caused by fire, lightning, or explosion during the policy period." In essence, the insuring clause acts as the foundation of an insurance agreement, bringing transparency and certainty to both parties involved. #Insurance #CoverageClause #RiskManagement

Attention business owners: Are you tired of rising commercial insurance rates? MMA has the expertise and resources to find unique solutions to protect your business and mitigate increased costs. Don't miss out on the opportunity to proactively explore your options. Reach out to us to learn more about how we can partner to protect your business. #commercialinsurance #riskmanagement #businessprotection

Weekend Repost: Commercial insurance rates rise 5.6% in Q4 #autoliability #generalliability #riskmanagement #Q4 #propertyinsurance #workerscomp https://bit.ly/3NUSkOy

After more than a year of sharp property insurance rate hikes and six years of sustained price increases, commercial insurance buyers in the US are starting to see relief on insurance costs, underwriters and brokers say. While pricing varies depending on geography, account size and... More here 👉 https://ow.ly/FzSx50RHfKm #PropertyRates #Insurance RIMS (Risk and Insurance Management Society, Inc.)

Top 10 Business Insurance Policies Every Small Business Needs https://lnkd.in/gvyBQgAV #BusinessInsurance #businessinsurancepolicies #SmallBusinesses #Databreaches #cyberattacks #TBA #TheBusinessAchiever

After more than a year of sharp property insurance rate hikes and six years of sustained price increases, commercial insurance buyers in the US are starting to see relief on insurance costs, underwriters and brokers say. While pricing varies depending on geography, account size and... More here 👉 https://ow.ly/FzSx50RHfKm #PropertyRates #Insurance RIMS (Risk and Insurance Management Society, Inc.)

After more than a year of sharp property insurance rate hikes and six years of sustained price increases, commercial insurance buyers in the US are starting to see relief on insurance costs, underwriters and brokers say. While pricing varies depending on geography, account size and... More here 👉 https://ow.ly/FzSx50RHfKm #PropertyRates #Insurance RIMS (Risk and Insurance Management Society, Inc.)

After more than a year of sharp property insurance rate hikes and six years of sustained price increases, commercial insurance buyers in the US are starting to see relief on insurance costs, underwriters and brokers say. While pricing varies depending on geography, account size and... More here 👉 https://ow.ly/FzSx50RHfKm #PropertyRates #Insurance RIMS (Risk and Insurance Management Society, Inc.)

After more than a year of sharp property insurance rate hikes and six years of sustained price increases, commercial insurance buyers in the US are starting to see relief on insurance costs, underwriters and brokers say. While pricing varies depending on geography, account size and... More here 👉 https://ow.ly/FzSx50RHfKm #PropertyRates #Insurance RIMS (Risk and Insurance Management Society, Inc.)