Speciality Insurance

We all try to make sure that our home, car, health, and other stuffs remain secure and insured. But have you ever thought about your supply of food and water. You can live a day or maybe a year with your car. But what if there is no food or water to quench your thirst?

The death benefits received from a life insurance policy lends the much needed financial support to the family of the insured person. It’s usually arranged as an income replacement option for the named beneficiary or the family of the insured, in case an earning member faces an untimely death. However, urbanization has crept into families, and as relations grow distant, individuals often need to set priorities.

The 9/11 attacks chilled the Americans to the bone. The losses associated with the attacks awakened the country, and the insurance industry stepped up with the Terrorism Risk Insurance Act (TRIA) in 2002. What is TRIA? The Terrorism Risk Insurance Act was brought into force by the Congress in 2002, and acts as a federally backed reinsurance program. It originated as a short term solution that would help the insurance industry to recover after the September, 2011 attacks.

Flood is one of the most dreaded natural disasters in the United States. It is the most common as well. It is a misconception to think that the residents living in the coastal areas or hurricane-prone zones are the only ones who need special protection against flood. The residents of other states may also get affected by flood, and lack of protection may land them in big financial crisis. Flood affects the land and property of an individual.

You have your umbrella to shield you amidst the harsh weather conditions. Why not buy umbrella coverage to protect your properties as well?

What is an umbrella policy?

An umbrella policy provides additional insurance protection in case your home, auto or renter’s policy fails to do so. It is an extended branch of liability coverage that conventional insurance policies come with.

When will you need an umbrella policy?

Your primary insurance policy will provide limited liability coverage.

Factory insurance is just a modified version of business insurance. It is intended to protect any company or business, which manufactures products in a factory. Mass manufacturing takes place in a factory. The assortment of machines necessitates maintenance.

No one wants to be held responsible for anyone else's action. Especially if it's a collective decision, nobody would want to take the sole responsibility for it. They might gladly take the credit, but would be skeptical of the discredit that may go along with it. Same thing happens with a company. The directors and officers take up the major decisions of a company. They are held responsible for their choices by the investors, shareholders, government bodies, employees, creditors, suppliers, consumers and all others related to the company.