Liability Insurance Helps Individuals and Businesses There are many kinds of liability insurance policies to protect individuals as well as businesses and other organizations against the possibility of causing damage to other people’s property, bodily injury or death. And such plans essentially are divided among two general types – personal and commercial. Among common types […]
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Explaining Personal Liability Insurance and Who Should Have It While anyone who owns a home or drives a properly insured vehicle has a good idea of what respective liability insurance plans protecting each is for, many have no idea what personal liability policies are about and who should purchase such protection. Also known as
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What Is An Irrevocable Life Insurance Trust Notes? If you are starting your estate planning process, an ILIT (irrevocable life insurance trust) will provide peace of mind. If you have young beneficiaries or sizeable estate, the trust will be able to provide control over a life insurance policy. The irrevocable aspect of the trust
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What You Should Know About Flood Insurance It was in 1968 that the United States Congress initiated the National Flood Insurance Program so that ensuing related private and business property damage would be reduced. Available through insurance companies and insurance agencies, the coverage is managed and dictated by government laws and can protect the
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Third Party Liability Insurance Types What Is Third Party Liability Insurance? Third party liability insurance is a policy purchased by the insured (first party) from the insurance company (second party) for protection against the claims of another (third party). A common example of third-party insurance is car insurance, which is designed to protect you against
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Compulsory car insurance (Elzeme) Compulsory car insurance Definition, Types, How It Works What Is Compulsory car insurance? Compulsory car insurance is any type of insurance an individual or business is legally required to buy. Compulsory car insurance is mandatory for individuals and businesses that want to engage in certain financially risky activities, such as operating
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Limited Liability Insurance for Small Business Info: A Brief Summary of LLP Insurance Every business has to have insurance of some kind, but what about partnerships? If you do have some ownership in a business arrangement but not the entire organization as a whole, you should only be required to insure your share. This is what
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What Is An Irrevocable Life Insurance Trust Notes? If you are starting your estate planning process, an ILIT (irrevocable life insurance trust) will provide peace of mind. If you have young beneficiaries or sizeable estate, the trust will be able to provide control over a life insurance policy. The irrevocable aspect of the trust ensures that the creator
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What You Should Know About Flood Insurance It was in 1968 that the United States Congress initiated the National Flood Insurance Program so that ensuing related private and business property damage would be reduced. Available through insurance companies and insurance agencies, the coverage is managed and dictated by government laws and can protect the property owner from damage caused
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What Is Finance Gap Insurance? The trouble with any form of Gap Insurance is that drivers are simply unaware of how important it is. This easy to read explanatory article has been written to help you to understand the importance of Finance Gap Insurance, avoiding the stereotypical insurance jargon. Finance Gap Insurance, also known
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