by TheBusinessProfessor | Feb 23, 2025 | Insurance & Risk Management
What is Business Forecasting?Forecasting makes informed predictions about future occurrences based on historical data. In business, these predictions regard future trends in a specific market, industry, or economy. Forecasting techniques are employed in risk...
by TheBusinessProfessor | Feb 23, 2025 | Insurance & Risk Management
What is Hazard Insurance?Hazard Insurance insures against losses associated with damages to property due to natural phenomena such as fire, flooding, severe storms, earthquakes and the like. Based on policy, the property owner will receive compensation in the event of...
by TheBusinessProfessor | Feb 23, 2025 | Insurance & Risk Management
What is Homeowners & Renters Insurance?Homeowner and renters insurance are combination policies that protects property as well as individuals present on the property. The primary characteristics of a homeowner and renters policies are as follows: What is Property...
by TheBusinessProfessor | Feb 23, 2025 | Insurance & Risk Management
What are some Common Types of Business Insurance?Several common types of business insurance policy are discussed below. What is Business Liability Insurance?Business liability insurance can have any number of property and liability protections. The most common form of...
by TheBusinessProfessor | Feb 23, 2025 | Insurance & Risk Management
What are the common provisions in an insurance contract subject to legal dispute?State law requires that insurance contracts contain certain provisions protecting the rights of the insured against the insurer. These provisions are commonly the subjects of litigation....
by TheBusinessProfessor | Feb 23, 2025 | Insurance & Risk Management
What is required to cancel an insurance contract?An insured may terminate an insurance policy at any time. Generally, it requires that the insured express intent to cancel the policy. This may include notifying the insurer in writing or discontinuing payment of...
