Learn these tricks and shortcuts, and you can significantly reduce the amount of time it takes to analyze your data and extract what you’re looking for.
‘Prior or Pending Litigation’ and ‘Prior Acts’ exclusions are both policy conditions that reference the time period before the policy begins and specify what the policy won’t cover. Understand the distinction between these terms, and in particular the implications of a Prior Acts Exclusion.
An Extended Reporting Period, or ERP, is a finite window of time beyond the end of a claims-made policy during which the insured organization may report claims to the insurer. The ERP extension only provides coverage for claims arising from wrongful acts that occurred prior to the inception of the ERP.
For some reason, insurance is not often talked about at career fairs in high school, colleges, and universities. The insurance industry continues to be plagued with antiquated stigmas. We haven’t shaken off the image of the door to door life insurance salesman or the notion that it’s all a money grab. What a shame!
A claims adjuster investigates insurance claims to determine the extent of an insurance company’s liability (i.e., claims settlement). A claims adjuster will interview witnesses, review statements, and analyze the damage. Then provide documentation and recommendations to the insurance company in terms of the claim amount and validity of the claim.
A risk manager is someone who works with an organization to identify, assess, reduce, and control potential outcomes for a company. Risk managers can work internally as an employee or as an external consultant.
The primary role of the insurance broker is to learn about the client’s business operations, evaluate the client’s needs, explore the client’s risk tolerance, and provide options and advice on how different insurance products will address the clients’ needs. Find out more about this rewarding career!
Have you ever filled out an application for insurance? An underwriter is a person who receives and analyzes your responses on that application. The underwriter uses a series of questions and related material to determine the level of risk you present, the premium you’ll pay, and your suitability for coverage.
Licensed insurance brokers in Canada are required to take qualifying courses and training each year in order to maintain their license.
Learn these tricks and shortcuts, and you can significantly reduce the amount of time it takes to analyze your data and extract what you’re looking for.
‘Prior or Pending Litigation’ and ‘Prior Acts’ exclusions are both policy conditions that reference the time period before the policy begins and specify what the policy won’t cover. Understand the distinction between these terms, and in particular the implications of a Prior Acts Exclusion.
An Extended Reporting Period, or ERP, is a finite window of time beyond the end of a claims-made policy during which the insured organization may report claims to the insurer. The ERP extension only provides coverage for claims arising from wrongful acts that occurred prior to the inception of the ERP.
For some reason, insurance is not often talked about at career fairs in high school, colleges, and universities. The insurance industry continues to be plagued with antiquated stigmas. We haven’t shaken off the image of the door to door life insurance salesman or the notion that it’s all a money grab. What a shame!
A claims adjuster investigates insurance claims to determine the extent of an insurance company’s liability (i.e., claims settlement). A claims adjuster will interview witnesses, review statements, and analyze the damage. Then provide documentation and recommendations to the insurance company in terms of the claim amount and validity of the claim.
A risk manager is someone who works with an organization to identify, assess, reduce, and control potential outcomes for a company. Risk managers can work internally as an employee or as an external consultant.
The primary role of the insurance broker is to learn about the client’s business operations, evaluate the client’s needs, explore the client’s risk tolerance, and provide options and advice on how different insurance products will address the clients’ needs. Find out more about this rewarding career!
Have you ever filled out an application for insurance? An underwriter is a person who receives and analyzes your responses on that application. The underwriter uses a series of questions and related material to determine the level of risk you present, the premium you’ll pay, and your suitability for coverage.
Licensed insurance brokers in Canada are required to take qualifying courses and training each year in order to maintain their license.
