ACORD forms are the industry standard for collecting and sharing information between agents, carriers, and insureds. While most people are familiar with the main ACORD forms like ACORD 125 (Applicant [...]
Winsurtech Web Viewer is one of the software which can be used to open AL3 files and see the data visually. You can access the AL3 Web Viewer here: [...]
What are defense costs in insurance and are they paid separately from the limit of liability? What is post-judgment interest? Defense Costs in insurance mean any type of fees, [...]
ACORD Forms ACORD forms are used in the insurance industry to standardize the collection of information for insurance applications, quotes, and policies. Carrier questions are a section of the [...]
Certificates of Insurance A Certificate of Insurance is a complete and defined document that includes all the important information about an insurance policy. It could be used, for instance, [...]
We can find the Insured’s name in the 5BPI group. The name of the insured can be a free-form text name, a family name, or an individual's name. The [...]
Introduction: Commercial business insurance protects companies and organizations. Mainly, it’s designed to protect the company, its owners, and its employees. Commercial insurance, also known as business insurance, protects your [...]
What is the purpose of Inland Marine Insurance How is it different in Personal Lines as compared to Commercial lines? Purpose Inland Marine Insurance policies are typically written on [...]
Family Risk Management refers to the approach that helps in the reduction of risk to the family through various risk management programs. It is a part of personal insurance. [...]
Find out if you need to purchase rental car insurance before approaching the counter. The rental car agency will make several offers to sell you supplementary insurance. Included in [...]
Catastrophe: A catastrophe is defined as an unexpected event that will cause significant damage or a high amount of suffering with that damage. That means this event will cause [...]
A study by a research organization has estimated that over 33 billion records will be stolen by cybercriminals in 2023 alone. So it's very important to consider effective cyber [...]
Introduction: Any insurance that protects individuals from financial loss brought on by a person's death, an injury, or the loss of their property is referred to as personal lines [...]
