Sep 28
RSA has launched a product created specifically for owners and operators of small business fleets.
The new Mini Fleet policy can provide cover for fleets of between two and 15 vehicles (which need to be predominantly for business use) including cars, vans, small trucks, trailers and forklifts.
Jul 26
HO -3 is the most complex insurance policy.
The widely used HO-3 policy, which provides the most extensive homeowner’s coverage available, is sometimes a problematic one. If the home is damaged, the loss will be measured at replacement cost without deduction for depreciation, subject to the following. The following takes away much of what the preceding gives.
First, anything resembling replacement cost is only available if at the time of loss the amount of insurance in this policy on the damaged building is 80% or more of the full replacement cost of the building prior to the loss. I
Jun 4
Aviva has made a number of changes to its Professional Office policy so as to better meet the needs of the professional services sector.
The revamp involves new benefits and the inclusion of certain business interruption features as standard; for example loss of revenue due to damage to a nearby property that prevents customers accessing the insured’s premises. <