1MHG (Message Header Group) The 1MHG (Message Header Group) is the very first structural group that appears before any transaction in an AL3 message. Its primary functions include: 1. Logical [...]
Introduction Excess Liability insurance is defined as a type of coverage policy that provides limits that exceed the underlying liability policy. It does not concern the broader range incidents [...]
Introduction Commercial General Liability (CGL) insurance is defined as an insurance policy that covers a business for bodily injury, personal injury, and property loss caused by the business’s operations, [...]
Introduction Commercial Property Policy is defined as an insurance policy for businesses and other organizations that covers damage to their buildings and contents due to a covered cause of [...]
Introduction Workers Compensation Commercial Insurance refers to an insurance policy that protects employees under state laws. This insurance policy provides medical care, death, disability, and rehabilitation benefits for employees [...]
What is Insurance? Insurance is defined as a contract in which an individual or organization receives financial protection and reimbursement of damages from the insurer or the insurance company. [...]
Introduction A Package Policy is a type of insurance policy that usually includes more than one kind of insurance coverage. The most common Package Personal Insurance Policy combines property [...]
Introduction As we know, “marine insurance” is a coverage policy that covers products when transported over water. Unlike marine insurance, inland marine insurance covers goods, materials, and equipment when [...]
Auto policies mostly come with a higher deductible for collision than for "other than collision" losses (OTC or comprehensive coverage). Insurance companies know that you will have a greater [...]
Introduction A commercial package policy abbreviated as CPP is an insurance policy that combines coverage for multiple hazards, such as liability and property risk. This coverage policy provides businesses [...]
Introduction Property insurance is a comprehensive term used for a list of policies that provide either assurance coverage or liability coverage for property owners. This coverage policy provides financial [...]
Introduction to BOAT Personal Insurance Marine insurers providing boat and yacht insurance offer a wide range of coverage physical damage and liability. Accidental loss or damage to the boat [...]
Home personal insurance is a class of property insurance. It pays for the losses and damages to an individual's residence, along with furnishings and other valuable things in the [...]
