Primary & Non-Contributory: What It Means in Insurance

primary & non contributory

Primary & Non-Contributory: What It Really Means in Insurance The term primary & non-contributory refers to a requirement in insurance contracts where one party’s insurance policy pays first (primary) in the event of a claim, and the other party’s insurance does not have to contribute (non-contributory). This wording is common in contracts involving contractors, vendors, […]

What Is Interested Party in Renters Insurance?

What Is Interested Party in Renters Insurance

What Is Interested Party in Renters Insurance? Additional paid-up insurance is a rider in whole life policies that lets policyholders reinvest dividends or make extra contributions to buy fully paid permanent coverage. These paid-up additions increase both death benefit and cash value, and they don’t require ongoing premiums. Key Points Uses dividends or extra payments […]

What Is Additional Paid-Up Insurance?

what is additional paid up insurance

What Is Additional Paid-Up Insurance? Additional paid-up insurance is a rider in whole life policies that lets policyholders reinvest dividends or make extra contributions to buy fully paid permanent coverage. These paid-up additions increase both death benefit and cash value, and they don’t require ongoing premiums. Key Points Uses dividends or extra payments to buy […]

What Is Supplemental Dental Insurance?

what is supplemental dental insurance

What Is Supplemental Dental Insurance? Dental care is an essential part of overall health, but even with standard dental insurance, out-of-pocket expenses can add up quickly. That’s where supplemental dental insurance comes in. It’s designed to fill the gaps that a primary dental plan doesn’t cover, helping reduce unexpected costs. Quick Answer Supplemental dental insurance […]

What Is a Named Insured in Insurance?

what is a named insured

What Is a Named Insured in Insurance? A named insured is the person or entity listed on the insurance policy who has full rights and protections under that contract. They are the policyholder responsible for premiums, policy changes, and claims. Understanding the Named Insured Insurance policies can be complicated, full of terms that sound similar […]

What Is Supplemental Employee Life Insurance

what is supplemental employee life insurance

What Is Supplemental Employee Life Insurance and How Does It Work? Supplemental employee life insurance is optional life coverage you can buy through your employer to add to the basic group life insurance they provide. It increases the financial protection your family receives if you pass away. Understanding Supplemental Employee Life Insurance Most employers offer […]

What Is Supplemental Health Insurance and How Does It Work?

what is supplemental health insurance

What Is Supplemental Health Insurance and How Does It Work? Supplemental health insurance is extra coverage you buy to help pay for medical costs not fully covered by your primary health insurance, such as deductibles, copays, coinsurance, or non-medical expenses during an illness or accident. Understanding Supplemental Health Insurance Traditional health insurance covers many essential […]

Is Personal Liability the Same as Umbrella?

Is Personal Liability the Same as Umbrella

Is Personal Liability the Same as Umbrella? No, personal liability and umbrella insurance are not the same. Personal liability is basic protection included in homeowners, renters, or auto policies. Umbrella insurance goes beyond, extending coverage limits and adding protection for risks not covered by personal liability. What Is Personal Liability? Personal liability is the standard […]

What Is Umbrella Liability?

what is umbrella liability

What Is Umbrella Liability? Umbrella liability is an extra layer of insurance protection that extends beyond the limits of your standard policies—such as auto, homeowners, or general liability. It not only increases coverage limits but may also protect against claims not included in underlying policies, like libel, slander, or worldwide incidents. Why Umbrella Liability Exists […]

Is Excess Liability the Same as Umbrella?

Is Excess Liability the Same as Umbrella

Is Excess Liability the Same as Umbrella? No — excess liability and umbrella insurance are not the same, even though both provide extra coverage. Excess liability only extends the limits of an existing policy, while umbrella insurance can extend limits and broaden coverage by adding protections not included in underlying policies. Key Points Excess liability […]

Professional Indemnity and Public Liability Insurance

Professional Indemnity and Public Liability Insurance

Professional Indemnity and Public Liability Insurance Professional Indemnity (PI) insurance and Public Liability (PL) insurance are two of the most important policies for businesses and professionals. They often get confused, but they cover very different risks. Understanding both ensures you have full protection against claims that could threaten your finances, reputation, and business continuity. Key […]

Strict Liability Products – How to Protect Yourself

strict liability products

Strict Liability Products – How to Protect Yourself and Your Business Strict liability products law means that if a product is defective and causes harm, the manufacturer, distributor, or seller can be held responsible—even if they were not negligent. This legal standard makes it easier for injured consumers to get compensation, but it also means […]

Product Liability Strict Liability

Product Liability Strict Liability

Product Liability Strict Liability – Understanding Your Rights and Legal Protection When a defective product causes harm, you might assume you must prove the manufacturer was careless. But in many cases, you don’t — that’s where strict liability comes in. This legal principle can make it easier for injured consumers to recover compensation without needing […]

Manufacturer Defective – What It Means for Your Claim

manufacturing defect

Manufacturer Defective – What It Means for Your Claim When a product fails due to a manufacturer defect, the consequences can go far beyond frustration—they can be dangerous, costly, and even life-threatening. Knowing exactly what a manufacturer defect is, why it happens, and what your legal rights are is key to protecting your health, finances, […]

Do Online Personal Trainers Need Insurance?

do online personal trainers need insurance

Do Online Personal Trainers Need Insurance? If you offer virtual fitness coaching or training, you might wonder: Do online personal trainers need insurance? The short answer is yes—especially if you’re advising clients, handling payments, or building a reputation. Without proper coverage, a single injury claim or data issue could expose you to serious financial risk. […]

High-Risk Business Insurance: What You Need to Know

high risk business insurance

High-Risk Business Insurance: What You Need to Know If your business operates in a high-risk industry, getting insured isn’t just a recommendation—it’s a necessity. High-risk business insurance protects companies exposed to greater liability, property damage, injury claims, or regulatory scrutiny. What Is Considered a High-Risk Business? A high-risk business is one with elevated chances of […]

What Is the Average Cost of Business Insurance

what is the average cost of business insurance

What Is the Average Cost of Business Insurance? We will search the top carriers for you for the best offer. Get a Quote Average Cost of Business Insurance Understanding the cost of business insurance is crucial for every entrepreneur. Whether you’re a startup or an established company, knowing what to expect can help you budget […]

How to Calculate Business Income for Insurance

how to calculate business income for insurance

How to Calculate Business Income for Insurance We will search the top carriers for you for the best offer. Get a Quote Business Income for Insurance When buying business income (business interruption) insurance, accurately calculating your income exposure is essential. This ensures your policy covers potential loss of revenue and ongoing expenses during interruption. 1. […]

How to Calculate Property Insurance Rate per $100

how to calculate property insurance rate per $100

How to Calculate Property Insurance Rate per $100 Understanding your property insurance rate per $100 of insured value helps you compare policies and budget efficiently. Follow these steps to estimate your actual cost. 1. What Is the Rate per $100? Insurance quotes often use a rate per $100 of insurable value—the cost to insure $100 […]

How to Calculate Builders Risk Insurance: Formula & Factors

how to calculate builders risk insurance

How to Calculate Builders Risk Insurance: Formula & Key Factors Builders risk insurance protects your construction project from loss or damage during the build phase. Calculating its cost requires understanding your project’s scope, duration, value, and risks. 1. Builders Risk Insurance Premium Formula The premium is usually 1% to 5% of the total project value, […]