by TheBusinessProfessor | Feb 23, 2025 | Insurance & Risk Management
What is a Bumbershoot Policy?The Bumbershoot policy refers to an umbrella coverage or an umbrella insurance policy specifically designed for the maritime industry. It is a form of excess liability insurance that was conceived insure marine risks. Maritime activities...
by TheBusinessProfessor | Feb 23, 2025 | Insurance & Risk Management
What is Above Ground Risk?Above-ground risks comprise non-technical risks like regulatory, political, security, and environmental risks which may affect mining and energy companies in some of the most unstable regions in the world and also Western economies, effective...
by TheBusinessProfessor | Feb 23, 2025 | Insurance & Risk Management
What is Acceleration Life Insurance?Acceleration Life Insurance is an insurance policy or plan that allows the holder of the policy to receive a percentage of the amount of the policy before their death. Usually, it is a potion of death benefits received by a holder...
by TheBusinessProfessor | Feb 23, 2025 | Insurance & Risk Management
What is Underinsured Motorist Coverage?Underinsured Motorist Coverage provides the financial coverage to property and bodily damage caused by a vehicle driver who has insufficient auto insurance on their own. It provides the injured parties with compensation above the...
by TheBusinessProfessor | Feb 23, 2025 | Insurance & Risk Management
What is an Excess Insurance and Umbrella Insurance Policy?Excess liability insurance provides insurance when the limits of underlying liability policy has been reached. This type of insurance provides additional limits of insurance, that is, it extends the coverage of...
by TheBusinessProfessor | Feb 23, 2025 | Insurance & Risk Management
What is an Underwriter?An underwriter is a professional that is paid to evaluate or assume a clients risk. This underwriter evaluates and assumes risks such as premium, spread, commission or interest that are involved in insurance, asset pricing and other types of...
