Earthquake insurance insurance policies usually characteristic a excessive deductible. Burial insurance is a very outdated sort of life insurance coverage which is paid out upon death to cowl last expenses, corresponding to the cost of a funeral. The Greeks and Romans launched burial insurance coverage c. 600 CE after they organized guilds known as “benevolent societies” which cared for the surviving households and paid funeral expenses of members upon death. Guilds in the Middle Ages served an analogous purpose, as did pleasant societies during Victorian times.
Trade credit insurance coverage is business insurance coverage over the accounts receivable of the insured. The policy pays the policy holder for lined accounts receivable if the debtor defaults on payment. Professional liability insurance, also referred to as skilled indemnity insurance (PI), protects insured professionals such as architectural firms and medical practitioners towards potential negligence claims made by their patients/shoppers. Earthquake insurance coverage is … Read More