by TheBusinessProfessor | Feb 23, 2025 | Insurance & Risk Management
What is Credit Disability Insurance?Credit disability insurance is insurance coverage that provides additional safety by helping make payments when one is incapacitated to work for a period of time. A disability can stop you from the income you need to meet monthly...
by TheBusinessProfessor | Feb 23, 2025 | Insurance & Risk Management
What is Assigned Risk?An assigned risk refers to a poor risk, that is, a risk that is difficult to insure but an insurance company is required to provide coverage for in accordance with the state law. For instance, if a person such as an accident-prone driver is...
by TheBusinessProfessor | Feb 23, 2025 | Insurance & Risk Management
What is an Alternative Risk Transfer Market?Alternative risk transfer (ART), also known as structured insurance, is a form of coverage or protection used by risk-bearing organizations other than by conventional insurance and reinsurance. In simple terms, alternative...
by TheBusinessProfessor | Feb 23, 2025 | Insurance & Risk Management
What is a Commercial Blanket Bond?Commercial blanket bonds are used by employers to protect themselves from losses resulting from the disloyal acts of employees. It is blanket coverage of all employees of a company provided by the employer. Commercial blanket bonds...
by TheBusinessProfessor | Feb 23, 2025 | Insurance & Risk Management
What is a Chartered Life Underwriter?The term Chartered Life Underwriter (CLU) refers to a certification program that acts as an indicator of competence in insurance products. The Chartered Life Underwriter Exam, or CLU Exam, is established and conducted by the...
by TheBusinessProfessor | Feb 23, 2025 | Insurance & Risk Management
What is a Chartered Property Casualty Underwriter?A Chartered Property Casualty Underwriter (CPCU) is a professional designation awarded to experts in property-casualty insurance and risk management. This credential is awarded by The Institutes to qualified risk...
