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Proper insurance coverage protects your small business from unexpected circumstances and costs. Yet, according to the 2023 Hiscox Underinsurance Report, 75% of small businesses in the U.S. don’t ...
A fidelity bond or fidelity guarantee is a form of insurance protection that covers policyholders for losses that they incur as a result of fraudulent acts by specified individuals. It usually insures a business for losses caused by the dishonest acts of its employees.
Insurance fraud refers to any intentional act committed to deceive or mislead an insurance company during the application or claims process, or the wrongful denial of a legitimate claim by an insurance company. It occurs when a claimant knowingly attempts to obtain a benefit or advantage they are not entitled to receive, or when an insurer ...
According to a survey released by Next Insurance, 90% of business owners weren't sure if they had adequate coverage. Worse, 29% had no business insurance coverage at all, leaving their business ...
The Coalition was founded in 1993 by seventeen organizations that represented government, business and consumer interests, with the goal of reducing the prevalence and cost of insurance fraud. It has since grown to include more than 250 organizations as members.
Business insurance is exactly what it sounds like: insurance you buy to protect your business. You can get coverage to pay for repairs or to replace your stuff after a fire at your office.