The insurance industry is complex, with many types of policies and protections. Agency captives are a highly specialized type of coverage insuring unusual or expensive risks. Experts suggest exploring agency captive solutions to find the right choices. The Basics of Agency Captives With captives, companies create agencies to get self-insurance as a way to cover […]
Tag Archives: Coverage
What is Force Placed Insurance?
Force placed insurance is insurance placed by a financial institution when a home or vehicle owner has failed to obtain insurance or allowed a policy to lapse. This type of coverage is also called lender-placed, creditor-placed, or collateral protection insurance. Possible Reasons for Lack of Insurance Coverage An owner with a low credit score might […]
Your Car Insurance Checklist
When you’re choosing car insurance, you have to be careful to select the right policy for your needs. Here are some key considerations for choosing car insurance. Consider Asking for a Low Mileage Discount How much you drive should be a big factor in your checklist for choosing car insurance. The more often you’re on […]
Clauses for Cancellation in Agreements with Contractors
Construction contracts typically include provisions that allow a client to cancel in the event of a breach of contract. Cancellation clauses are intended to prevent clients with a remedy in the event that a contractor’s breach makes project completion infeasible. Advance Notice of Termination Many termination clauses require that the client provide notice to the […]
What Legal Grow Ops Need To Know About Insurance
As a business owner, keeping your company safe from threats is always a priority. For hemp and cannabis grow ops, this means finding the right insurance policies to fully protect your operation. Without insurance in place, both your crops and your facility are at risk. However, finding the right policies can be confusing. Business Insurance […]