What Is a Waiver of Subrogation?
A waiver of subrogation is an endorsement preventing insurers from pursuing negligent third parties for payments to ...
bcs blog
Posts about Insurance Basics:
What's the Difference Between Indemnification & Insurance?
The main difference between indemnification and insurance is that the former represents the process of transferring ...
Claims-Made Vs. Occurrence Policies: What Coverage Is Right For You?
Claims-made covers incidents within the policy, needing 'tail' for extended protection, while occurrence offers ...
What's the Difference Between Excess and Umbrella Insurance?
Excess liability provides additional limits to an underlying policy, while umbrella insurance expands coverage to ...
The Basics of Additional Insured Endorsements
Additional insured (AI) endorsements extend insurance coverage to a third party specified by the policyholder in the ...
What Is Professional Liability Insurance?
Professional Liability Insurance protects businesses from financial fallout due to errors, negligence, or omissions in ...
Certificate Holders & Additional Insureds: What's the Difference?
Certificate holders possess proof of insurance on commercial general liability policies, while additional insureds are ...
What Is Plate Glass Insurance?
Plate glass insurance shields businesses from costly damage, and can be crucial for businesses relying on large glass ...
What Is Self-Insurance?
Self-insurance involves setting money aside for a potential loss instead of purchasing a third-party insurance policy.
What Is Commercial General Liability?
Commercial general liability (CGL) is a type of insurance coverage that protects a business from risks such as bodily ...