Key Differences between Excess & Surplus Lines Insurance and Standard Lines Insurance
by Excess & Surplus Lines Insurance Excess and surplus lines insurance, often referred to as E&S …
Month: December 2023
Key Differences between Estoppel and Waiver
Estoppel Estoppel is a legal principle that prevents a person from asserting or denying a …
Key Differences between Direct Writer and Independent Agent
Direct Writer A direct writer is an insurance company that sells its policies directly to …
Key Differences between Difference in Conditions (DIC) Insurance and All-risk Insurance
Difference in Conditions (DIC) Insurance Treaty Difference in Conditions (DIC) Insurance is a reinsurance agreement …
Key Differences between Deductible and Co-payment
Deductible Deductible is the predetermined amount of money that an insured individual or business must …
Key Differences between Deductible and Co-insurance
Deductible A deductible is the predetermined amount of money that an insured individual or business …
Key Differences between Cyber Insurance and Data Breach Insurance
Cyber Insurance Cyber insurance, also known as cybersecurity insurance or cyber risk insurance, is a …
Key Differences between Commercial Umbrella Policy and Excess Liability Policy
Commercial Umbrella Policy Commercial Umbrella Policy is a supplementary insurance coverage that extends liability protection …
Key Differences between Co-insurance Clause and Average Clause
Co–insurance Clause A Co-insurance clause in insurance contracts mandates that policyholders maintain coverage for a …
Key Differences between Catastrophe Bonds and Traditional Reinsurance
Catastrophe Bonds Catastrophe bonds, or “Cat bonds,” are financial instruments designed to transfer the risk …