Discover the concept of Adverse Financial Selection in General Insurance. Learn why policyholders may surrender their policies and how it impacts insurance providers.
Learn about protected risk in property insurance, defined as property located within the territory served by a fire department. Understand how this affects your insurance coverage and premiums.
Learn about vacant property insurance, which covers buildings without any contents or inhabitants. Discover the importance, implications, and regulations of protecting unoccupied properties.
Learn about mill construction in property insurance, its higher standards, and how it qualifies buildings like warehouses for reduced fire insurance rates.
Learn about basic form rates in property insurance, including the combined Group I and Group II rates as defined under the commercial lines program.
Learn about Omnibus Risk in Property Insurance, specifically how having several tenants conducting different businesses in the same building can impact insurance coverage and risk management.
Learn about morale hazard, a concept in general insurance describing the risk arising from an insured's attitude towards their belongings. Explore how it affects insurance policies.
Learn about inspection in general insurance, a critical process involving the verification of facts about policyholders, claimants, or new applicants by a commercial agency.
Discover what occupational hazards are and how they impact the likelihood of sickness, accidents, or death in various professions.
