by CoverLink Staff | Apr 23, 2015 | Commercial Property Insurance
You might need to get your glasses out for this one and actually dig into your insurance policy. In short, a coinsurance provision in a property insurance policy means an insured shares in a loss. You might say isn’t this the purpose of a deductible? And the...
by CoverLink Staff | Apr 23, 2015 | Commercial Property Insurance
You rent a new facility and installed permanent partitions, fancy lights and a large boiler. With a 15-year lease, it looks like you’re set until retirement. After a year of happiness, the building burns to the ground. You learn that you can’t collect for...
by CoverLink Staff | Apr 23, 2015 | Crime Insurance
Fidelity protects against loss from the dishonest or fraudulent acts of employees. Surety refers to the activity of bonding a person or persons. A surety bond provides for monetary compensation if the bonded person or organization fails to perform in a correct manner....
by CoverLink Staff | Mar 26, 2015 | Crime Insurance
The ISO program allows crime coverage to be a separate crime policy. Or, it can be a coverage part to join your other property coverage. Seven types of crime coverage are offered. You may take one, several, or all seven. The seven are: Employee Theft Forgery or...
by CoverLink Staff | Mar 26, 2015 | Crime Insurance
An employee, under Crime coverage, must be a natural person. A business organization is not an employee. Generally, the right to control and to direct a person makes a someone an employee. For insurance purposes, an “employee” may also be a former employee...
