Insurance Basics
This term refers to the amount paid by the insured to the insurer for coverage.
What is a premium
This type of insurance protects businesses from claims of injury or damage to third parties.
What is General Liability Insurance
This document verifies the existence of an insurance policy and summarizes its key aspects.
What is a Certificate of Insurance (COI)
This system is used for managing client accounts and policies in the training program.
What is Epic
This is the process of presenting insurance options and recommendations to clients.
What is a proposal
This is a contract between the insurer and the insured outlining the terms of coverage.
What is a policy
This insurance provides benefits to employees injured on the job.
What is Workers Compensation
This is an addition or change to an existing insurance policy that modifies coverage.
What is an endorsement
This platform is used for issuing and managing Certificates of Insurance.
What is CSR24
This term refers to the ongoing support and service provided to clients during the policy term.
What is mid-term servicing
This process involves evaluating the risk of insuring a business and determining policy terms
What is underwriting
This insurance covers vehicles used for business purposes.
What is Commercial Auto Insurance
These are specific conditions or circumstances not covered by the policy.
What are exclusions
This is the process of reviewing and updating policies before renewal.
What is renewal prep
This platform provides step-by-step resources and learning plans for training.
What is HeffNova
This is the amount the insured must pay out-of-pocket before the insurer covers a loss.
What is a deductible
This insurance provides additional coverage limits beyond the primary policy.
What is Excess & Umbrella Liability Insurance
This is a request made by the insured to the insurer for payment of a loss.
What is a claim
This involves sending insurance applications to carriers for quotes.
What is submission
This type of communication is essential for effective interaction with clients and team members.
What is professional communication
This principle involves restoring the insured to their financial position before a loss.
What is indemnity
This insurance covers goods and equipment while in transit or stored off-site.
What is Inland Marine Insurance
This process involves identifying and analyzing potential risks to minimize losses.
What is risk management
This is the final step in activating an insurance policy.
What is binding
This is a document management system used for client interactions and document handling.
What is HIB 24/7