Monthly Archives: October 2015

//October

To Claim or Not to Claim: How Can Claims Affect My Renewal

By | October 30th, 2015|Commercial Insurance|

I am often asked by my clients, “How do I know when a loss is worth making an insurance claim?” To begin to answer this question, let’s look at how the commercial insurance industry reflects on property claims and your renewal rates. As a note, remember that there is a subjective nature to the renewal process, rates and, as well, market conditions can play a role. Insurance Loss Ratio: Premium Dollars Earned Vs. Claims Dollars [...]

Surety Bonds: Securing Larger Clients

By | October 1st, 2015|Commercial Insurance|

What Does It Mean To Be Bonded? There is a lot of confusion about what a bond actually is and, moreover, what it means to use a bond issued in the insurance space. When seeking a bond, businesses are required to answer a lot of questions and provide significant information about their business - and for good reason: a bond is NOT an insurance policy and requires repayment if it is used. One of the [...]