Binder

2 Posts
1 Sections
1 Types

October 7, 2023 4 min read Definitions

Cover Note in General Insurance: Understanding its Significance

Insurance Risk Management Financial Services Insurance General Insurance Cover Note Temporary Coverage Binder

Learn about the cover note in general insurance, a notice by an agent confirming the commencement of coverage, similar to a binder but not issued by the insurance company.

October 4, 2023 4 min read Definitions

Binder in General Insurance: Temporary Coverage Explained

Insurance Legal Studies Business General Insurance Binder Temporary Coverage Contract Premium

Understand what a binder is in general insurance terms. Discover how binders provide temporary coverage before a contract is finalized or premiums are paid.