You can find out how financially sound an insurer is by checking their rating on A.M. Best. A.M. Best, an insurance rating agency, evaluates the financial strength and assigns them a letter score that reflects how strong they are. 

The coverage of losses from currency fluctuations in credit insurance depends on the specific policy and insurer. Here’s a breakdown of possible scenarios: Indirect Coverage: Standard Policies: Most commonly, credit insurance offers indirect protection against currency fluctuations. If the buyer becomes insolvent ...

What is life insurance? Financial protection for loved ones: Life insurance is a contract between you and an insurance company. You pay premiums, and in exchange, the company agrees to pay a sum of money (the death benefit) to your designated beneficiaries upon ...

Consider these factors: The value of the things you want to protect (your home, car, possessions, etc.) Your level of risk tolerance (how much financial loss you can handle on your own) Which risks are most common in your area Any legal requirements (such ...

Here’s how captive insurance gives companies a structured and regulated way to essentially self-insure their risks: Formalized Self-Insurance: Instead of Outsourcing: Rather than relying entirely on external insurers, the company creates its own dedicated insurance subsidiary. Control of Premiums: The company pays premiums ...

Here’s a breakdown of how claim payouts are typically calculated in credit insurance policies: Covered Loss: The starting point is the outstanding amount of the unpaid invoice (or invoices) relating to the insured event (insolvency, protracted default, etc.). Deductible: Your deductible is subtracted from ...

Determining the right amount of coverage for your family involves considering several factors. While there’s no one-size-fits-all answer, here are some steps to help you arrive at an appropriate coverage level: Assess Your Family’s Needs: Consider your family’s financial obligations, including: Debts: Mortgage, car loans, ...

Yes, absolutely! Credit insurance can positively influence the financing terms your company is able to obtain. Here’s how: Lenders’ Perspective: Reduced Risk: Lenders favor businesses with lower risk profiles. Credit insurance demonstrates proactive risk management and protects your accounts receivables, a significant ...

Homeowners insurance is a type of property insurance that offers financial protection for your home and belongings in the case of various covered events. Here’s what it does: Key Coverages Dwelling coverage: Protects the physical structure of your house against damages caused by ...

Life settlement insurance is a unique financial transaction where a policyholder sells their existing life insurance policy to a third-party investor for a lump-sum cash payment. Here’s how it works: The Process: Policyholder as Seller: Typically, the policyholder is a senior citizen ...