War risk insurance is coverage for losses resulting from events such as war, invasion, insurrection, riots, strikes and terrorism.
War risk insurance is offered as a separate policy as it is excluded from standard insurance policies due to high risk.
Companies and individuals operating in high-risk countries are good candidates for war risk insurance.
War risk insurance is often excluded from standard policies due to the inability of insurance companies to accurately predict damage and therefore charge appropriate insurance premiums.
Accident insurance covers claims for injuries sustained during the term of the insurance policy, even if they are filed after the cancellation of the policy.
A co-insurance waiver clause refers to language in an insurance policy that sets out conditions under which policyholders must not pay part of a claim.
Performance Based Management (ABM) is a means of analyzing a company’s profitability by looking at every aspect of its business to determine its strengths and weaknesses.
ASO-based self-financing plans are common among large firms because they can spread the risk of costly claims over a large number of employees and dependents.
Comprehensive loss insurance is designed to protect an employer that is self-funding its employee health plan from higher-than-expected claims payments.