Article

Pay on behalf

Pay on Behalf of vs Reimbursement

What does it mean when a policy is on a “pay on behalf of” or a “reimbursement” basis? ‘Pay on behalf of’ and ‘Reimbursement’ are two different approaches to paying the bills associated with a claim. Whichever way your insurance policy works, it helps to know and understand it before a claim happens.

Duty to defend

Duty to Defend

Duty to defend refers to the obligation to provide a legal defence for a claim made against the insured after that claim has been reported to the insurer.  Read more…

EPLI perils and insuring agreements

5 Things You Need to Understand When Buying EPLI

Employment practices liability insurance, commonly known as EPLI, protects employers against claims for employment-related wrongdoings.
In this article, we review 5 key things to understand on your EPLI policy.

D&O insurance for company directors and officers

How does D&O Insurance work?

A D&O insurance policy consists of multiple insuring agreements, typically known as Side A, Side B, and Side C. The purpose of this article is to describe the value of D&O insurance by offering a description and claims example of each insuring agreement.

Indemnification and D&O

D&O: Indemnification and D&O Insurance – Side B Coverage

Side B coverage in a D&O insurance policy is all about indemnification. It’s purpose is to financially protect the insured organization when it indemnifies its directors and officers for loss due to a claim. Indemnification is the action of indemnifying, of reimbursing or compensating, a party for loss suffered.

Resource Type: Article

building great courses

How ITC Builds Great Courses

The Insurance Training Center takes pride in delivering high quality courses on professional and management liability insurance and related topics. Our courses are designed by industry experts for insurance buyers and professionals. We cover topics from beginning to end and are an unbiased source of information with no other agenda than to provide reliable, practical, …

How ITC Builds Great Courses Read More »

Loss due to crime

Commercial Crime Insurance Explained

Commercial crime insurance offers cover for companies to protect themselves against loss from damage, destruction or disappearance of their own property as a direct result of crime. Here are some important things to note: Commercial crime insurance limits the negative financial impact of crime on the organization, it doesn’t prevent crime! Always read the entire …

Commercial Crime Insurance Explained Read More »

Pay on behalf

Pay on Behalf of vs Reimbursement

What does it mean when a policy is on a “pay on behalf of” or a “reimbursement” basis? ‘Pay on behalf of’ and ‘Reimbursement’ are two different approaches to paying the bills associated with a claim. Whichever way your insurance policy works, it helps to know and understand it before a claim happens.

Do you need tech E&O?

What Tech Start-ups need to know about Technology Errors & Omissions Insurance

Read this article before buying Technology Errors & Omissions Insurance. Taking time to understand Tech E&O insurance before buying can make a big difference to the bottom-line of a Technology Start-up should the company get sued. Read this article to understand:  the legal liabilities addressed by Tech E&O insurance examples of claims covered by a …

What Tech Start-ups need to know about Technology Errors & Omissions Insurance Read More »

Duty to defend

Duty to Defend

Duty to defend refers to the obligation to provide a legal defence for a claim made against the insured after that claim has been reported to the insurer.  Read more…

EPLI perils and insuring agreements

5 Things You Need to Understand When Buying EPLI

Employment practices liability insurance, commonly known as EPLI, protects employers against claims for employment-related wrongdoings.
In this article, we review 5 key things to understand on your EPLI policy.

D&O insurance for company directors and officers

How does D&O Insurance work?

A D&O insurance policy consists of multiple insuring agreements, typically known as Side A, Side B, and Side C. The purpose of this article is to describe the value of D&O insurance by offering a description and claims example of each insuring agreement.

Indemnification and D&O

D&O: Indemnification and D&O Insurance – Side B Coverage

Side B coverage in a D&O insurance policy is all about indemnification. It’s purpose is to financially protect the insured organization when it indemnifies its directors and officers for loss due to a claim. Indemnification is the action of indemnifying, of reimbursing or compensating, a party for loss suffered.

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