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| *The Commerce Journal>>>Insurance |
How to report this information? |
A company has a estimate contingency loss of $5,000,000. And it's insurance policy of $9,000,000 has a deductible clause of $500,000. How to report this information. Go to whomever you want to report it to, and tell them "A company has a estimate contingency loss of $5,000,000. And it's insurance policy of $9,000,000 has a deductible clause of $500,000." good luck w/ that Just call your agent or broker and he will handle it for you. One of the most important things you will need to discuss with your insurance agent are your policy deductibles and premiums. You may want to consider high-premium, low-deductible insurance policies if your business is particularly at risk for a certain type of loss; this way, you can pay a high one-time premium and a low deductible each time a loss occurs. |
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