So you THINK you know Liability
This coverage provides protection from bodily injury or property damage arising out of (causing or contributing to) the intoxication of a person.
What is Liquor Liability
Within Commercial Property insurance, the term "property" is divided into what two categories.
What is Real and Personal
A ____, financially guarantees the principal's ability to complete the contracted work.
What is a Surety
Typically used by almost all INSURICA colleagues, this department creates and manages all in-house and insurance related trainings.
What is Insurica University
What two words are combined to coin the term "SMIDDLE" within Direct.
What is Small, Middle
A machine primarily designed for snow removal, street cleaning and road maintenance would be described as an ____ within Liability and would not be considered mobile equipment.
What is an Auto
A common method of risk management that focuses on the acceptance or assumption the risk of loss by either active or passive.
What is Retention
This bond protects the obligee if the contractor defaults on its obligations under the bonded contract
What is a Performance Bond
This third party company manages and maintains every colleagues 401K plan
Who is PRINCIPAL
BrokerSource specializes in this type of individual insurance for clients over the age of 65
What is Medicare
Professional and Pollution liability policies are typically written on this type of coverage form.
What is Claims-Made Forms
The term coined for insurance companies that are organized and domiciled in one state but operate in another.
What is Foreign
This type of bond is usually requested by clients when they are wanting to be "licensed and bonded" for their work.
What is a Business Service Bond
This 4-Step process is proprietary to INSURICA and was created to help clients take control of their risk management and insurance needs.
What is RM4U
This company was acquired in 2019 and effectively established INSURICA EXPRESS as we know it today.
Who is CommercialInsurance.net
These coverages must be selected by the insured and included within the Declarations page in order to apply to a loss.
What are Optional Coverages
What is Reinsurance
This type of bond protects clients and consumers from theft by the principal or their agents/employees related to fraud, forgery, alteration or embezzlement.
What is a Fidelity Bond
This color, displayed in the INSURICA logo is one of 14 different business practices and represents Energy.
What is Red
Typically achieved by Producers and other insurance specialist, this designation develops knowledge specific to the Construction industry.
What is CRIS (Construction Risk Insurance Specialist)
A legal concept most commonly applied by courts in product liability cases.
What is Strict Tort Liability
what type of liability is stated when a person or organization is held responsible for the acts of others.
What is Vicarious Liability
What term is used to describe when a principal is legally obligated to reimburse the surety for any loss incurred under the bond.
What is Indemnify
INSURICA, which was originally named North American Insurance Agency began in this year.
What is 1959
When originally created, this was the first team within INSURICA EXPRESS.
What is Branch