BlogCoverage Article
Hired and Non-Owned Auto Coverage Explained
What hired and non-owned auto (HNOA) liability covers, how symbols 8 and 9 work, where the coverage stops, and what to ask commercial clients at renewal.
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38 results in Coverage Article · page 1 of 2
Coverage Article
What is the Difference Between Pro Rata and Flat Rate Cancellation?
Pro rata, flat, and short-rate cancellation compared: how each refund is calculated, when each applies, and what agencies should check before canceling.
Coverage Article
Business Income and Extra Expense Coverage Explained
How business income and extra expense coverage works on the ISO form: what it pays, the 72-hour waiting period, extended business income, and limits.
GuidesCoverage Article
How to Calculate Loss Ratio: A Step-by-Step Guide for Beginners
The loss ratio formula, step by step: which losses and premium to use, a worked example, how it ties to the combined ratio, and mistakes to avoid.
BlogCoverage Article
Understanding the Impact of Gross Written Premium on Insurance Profitability
Discover how gross written premium impacts insurance profitability. Learn its definition, calculation, and why it matters for insurers and brokers.
BlogCoverage Article
Lender's Loss Payable vs Loss Payee: Demystifying the Insurance Jargon
Lender's loss payable vs. loss payee: how each clause on ISO CP 12 18 works, why lenders want independent rights, and what agents should check before issuing.
BlogCoverage Article
How the Law of Large Numbers Insurance Shapes Risk Management Strategies
Discover how the law of large numbers in insurance helps companies predict risks more accurately, set fair premiums, and remain financially stable by relying on probability and large policyholder data.
BlogCoverage Article
Coverage C Homeowners Insurance: What Your Insured Needs to Know
Coverage C explained for agency staff: how the personal property limit is set, HO-3 named perils, sublimits, ACV vs replacement cost, and floaters.
BlogCoverage Article
Demystifying Cyber Insurance Exclusions: What They Mean for Your Insured
A plain guide for agents and CSRs to common cyber exclusions, from war and social engineering to fines and failed controls, and how to review them.
GuidesCoverage Article
Understanding Employee Dishonesty Insurance: A Guide for Agents and CSRs
How employee dishonesty coverage works under commercial crime forms: what it covers, key exclusions, fidelity bonds, triggers and limits.
BlogCoverage Article
Debunking Myths: What Your Clients Don't Know About HO-4 Renters Policy Coverage
What an HO-4 policy really covers: named perils, actual cash value, sub-limits, loss of use and liability, plus a renter review checklist for CSRs.
BlogCoverage Article
TRIA Insurance Explained: Help Your Clients Navigate Terrorism Risk Coverage
Learn how TRIA Insurance works, its key provisions, eligibility, and exclusions. Help clients navigate terrorism risk coverage with expert insights and practical strategies for brokers, agents, and underwriters
BlogCoverage Article
Functional Replacement Cost in Insurance: A Comprehensive Guide
What functional replacement cost means, how it differs from replacement cost and actual cash value, the HO 00 08 and commercial forms, and when agents use it.
BlogCoverage Article
Why Understanding ALAE Is Crucial for Risk Assessment in Insurance
What ALAE (allocated loss adjustment expense) includes, how it differs from ULAE, how it affects limits, deductibles, reserves, and pricing, plus FAQs.
GuidesCoverage Article
Waiver of Subrogation Explained: A Client Guide
Learn how to explain waiver of subrogation to clients effectively. Covers types, risks, and practical communication strategies for insurance pros.
BlogHelpful Tips: For Employees
Incurred Losses Explained: Understanding Insurance Claims
What incurred losses are, how paid amounts and reserves combine on a loss run, a worked example, and how to explain the numbers to clients.
BlogHelpful Tips: For Training
Insurance Exposure Simplified: Essential Risk Management for Insurance Professionals
What exposure means in insurance, the main types of loss exposures, how exposure bases drive premium, and a review checklist for account managers.
BlogHelpful Tips: For Employees
Coverage E Homeowners Policy Guide: What Agents Need to Know
Coverage E is homeowners personal liability. Learn what it pays, how it differs from Coverage F, key exclusions, and when to recommend an umbrella policy.
BlogHelpful Tips: For Onboarding
Contractual Liability Insurance: Understanding Coverage & Risks
How contractual liability works in the CGL: the insured contract definition, the contractual liability exclusion, defense of an indemnitee, and what to review.
BlogHelpful Tips: For Onboarding
Risk Retention Group (RRG): Pros and Cons Overview
What a risk retention group is, how the Liability Risk Retention Act lets an RRG write liability in every state, and the pros and cons agents should explain.
BlogAgency Staff Articles
The Complete Guide to Insurance Loss Run Reports
Learn from Total CSR what a Loss Run Report is, why it’s necessary, and how insurance agencies should handle them.
GuidesAgency Staff Articles
How to Complete ACORD Agent of Record Forms
A step-by-step guide to the ACORD 36 broker of record change form: what to gather, how to fill out each section, and how to submit it to the carrier.
GuidesAgency Staff Articles
How to Complete the ACORD Cancellation Form - ACORD 35
A field-by-field guide to the ACORD cancellation form: dates, reason, method of cancellation, return premium, signatures, and the mistakes that delay a refund.
GuidesAgency Staff Articles
How to Complete the ACORD Statement of No Loss Form (ACORD 37)
How to complete the ACORD 37 statement of no loss for a policy reinstatement after a lapse, what each section asks for, and the mistakes that create E&O risk.
