Securing proper insurance coverage is a fundamental necessity for any business, homeowner, or car owner especially if they do not want to take on the financial risk themselves
The Bill of Lading is a contract of carriage between carrier and shipper. It is needed in the underwriting of Transportation risks.
Transportation insurance covers the insured's goods while in transit by various modes (conveyances) either on their owned vehicles or others owned vehicles.
Buildings that are fully protected by an approved automatic extinguishing system are rated as sprinklered by ISO (Insurance Services Offices)
Maximum Loss Estimate (MLE) is the largest dollar loss expected for any 1 loss under adverse circumstances, but not under catastrophic conditions expressed as a percentage of the total values at risk
Mining risks can include strip mining, underground or above ground operations. Financial condition, maintenance procedures, site conditions, labor relations, & loss experience must be fully evaluated
Loggers do everything from cutting timber to moving the wood outside the forest. Recycling plants have a lot of equipment that could easily catch fire. Both types of operations carry heavy fireloads.
An important concern with all types of property insurance is the determination of adequate insurance to value - Contractor's Equipment is no exception.
Contractors Equipment is a large segment of the Construction industry. Equipment can range from fairly benign to extremely dangerous. Proper underwriting and insurance to value is essential.
Installation Insurance Floater Coverage is needed for a broad range of situations in the construction business ranging from small routine to extremely complex projects.
A consistent fire underwriting approach, regardless of the types of policies used to provide coverage is necessary to achieve profitable growth over the long term .
Arson is the willful or malicious burning of property especially with criminal or fraudulent intent.
It is difficult to determine the degree to which moral hazard is present in a given account. The underwriting of moral hazard requires subjective judgment.
Basic information on how to Underwrite Commercial Property/Fire Insurance
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