A warehouse bond provides financial protection for individuals or businesses that store goods in a warehouse.
If the warehouse owner fails to comply with the terms of the contract, the third-party surety company will compensate the client for damages.
A claim for a storage deposit may result from fire, theft, water damage, roof collapse, inadequate maintenance of the facility, damage during loading and unloading, or climate control failure.
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.