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A broker is a licensed professional who sells insurance policies on behalf of clients, earning commissions from insurance companies. A broker is an insurance professional who helps individuals or businesses …
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Represents a company’s net asset value based on its accounting records, including costs, depreciation, and adjustments. Book value is an accounting measure that reflects the net value of a company’s …
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A bond is a type of debt security giving investors a creditor stake in a company, government, or organization. A bond is essentially a loan made by an investor to …
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Protects businesses from costly breakdowns of boilers, machinery, and electrical equipment. Boiler & Machinery Insurance, also known as Equipment Breakdown Insurance, is a specialized type of commercial insurance that covers …
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Covers physical harm, sickness, or disease caused to a person, often in liability and insurance contexts. Bodily injury is a legal and insurance term that refers to any physical harm, …
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Comprehensive protection for boats, personal watercraft, and liability risks on the water. Boatowners/Personal Watercraft insurance is designed to protect pleasure boats, personal watercraft (such as Jet Skis® or WaveRunners®), and …
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Comprehensive protection that extends across multiple properties, locations, or insured parties under a single policy. Blanket coverage is a type of insurance that provides broad protection for several properties, locations, …
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Medical and hospital expense benefits cover the total costs of healthcare services paid to or on behalf of an insured member. Benefits related to medical and hospital expenses are a …
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A beneficiary is a person or entity legally entitled to receive money or assets from a will, life insurance policy, trust, or other financial contract. A beneficiary plays a crucial …
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BCEGS rates how well a community’s building codes reduce risks and potential losses from natural disasters. The Building Code Effectiveness Grading Schedule (BCEGS) is an important classification system used in …
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