Insurance Basics
This term describes a specific cause of loss covered by a policy, such as fire or theft.
What is a peril?
This type of policy sits on top of your home and auto insurance to provide extra liability protection.
What is an umbrella policy?
This document lists the coverages, limits, and effective dates of a commercial policy at a glance.
What is the declarations page?
Hub Heartland was created in 2023 through Hub's acquisition of the employee benefits division of this Cincinnati-based firm.
What is HORAN?
This quarterly recognition program asks employees to nominate a colleague who lived out a Culture Commitment.
What are the Culture Commitment awards?
This document temporarily provides proof of coverage before the official policy is issued.
What is a binder?
This auto coverage pays for damage to your own vehicle from theft, vandalism, fire, or hitting an animal,.
What is comprehensive?
This type of insurance protects a business against civil lawsuits claiming that their professional advice or services caused a client financial harm.
What is professional liability / E&O?
Before relocating headquarters to Chicago in 2001, Hub International was based in this country.
What is Canada?
This security measure was enforced starting May 18, requiring registration or a backup YubiKey.
What is Passkey authentication?
This is a written amendment that changes the terms of an existing policy.
What is an endorsement?
This coverage pays for the gap between the actual cash value of a totaled car and the amount still owed on the auto loan or lease.
What is Gap Insurance?
This form type triggers coverage when claims are first made against the insured during the policy period, and depends on a retroactive date.
What is claims-made form?
This Hub Heartland leader joined from Procter & Gamble, where she spent over 20 years in sales and brand management, before becoming President.
Who is Valerie Bogdan-Powers?
This new HR resource launched in July to handle routine Workday, timekeeping, payroll, and benefits questions.
What is the HR Support Services team?
This process allows an insurer to recover costs from a third party responsible for a loss.
What is subrogation?
This part of a homeowners policy covers the physical structure of the house itself.
What is dwelling coverage (Coverage A)?
This CGL coverage part responds to specific offenses like libel, slander, or wrongful eviction rather than accidents.
What is Coverage B, Personal and Advertising Injury?
Hub International's brand tagline promises clients this, playing on being prepared for what's next.
What is "Ready for tomorrow"?
This employee network celebrated its second anniversary with an unfiltered town hall featuring CEO Marc Cohen called "The Inflection Point."
What is HYPE?
This term refers to the maximum dollar amount an insurer will pay for a covered loss.
What is the policy limit?
This coverage pays for a hotel stay if your home is uninhabitable after a covered loss.
What is loss of use / additional living expenses?
An extended reporting period added to a claims-made policy to allow late reporting of claims after the policy lapses is commonly called this.
What is a tail (ERP)?
This private equity firm acquired Hub International in 2013 for roughly $4.4 billion.
What is Hellman & Friedman?
This development platform's free trial got extended through September, and beyond DISC, it can now also reveal your "Energy Rhythms."
What is Cloverleaf?