Learn about self reinsurance, an alternative to purchasing reinsurance where insurers create a fund to cover losses beyond normal means. Explore the benefits and implications of self reinsurance.
Understand the concept of a minimum retrospective premium in liability insurance and workers compensation, which is the smallest amount payable by the insured under a retrospective rating plan.
Explore the essentials of commercial credit insurance, a crucial coverage that protects businesses by insuring against the risk of debtors defaulting on their financial obligations.
Learn about Cross Purchase Agreement in the context of pensions. Understand how this contract facilitates the buyout of a deceased or permanently disabled partner's interest to maintain business stability.
