answersLogoWhite

0

Yes. Sometimes an insurance company has a change in "appetite," which could mean it wants different kinds of accounts, or wants to write different kinds of coverage. Or, it might lose its reinsurance (loss sharing with another company.) So sometimes it will terminate coverage even if you've had a perfect loss history. Since it can do that, yes, they can cancel your business' coverage due to claims history. 3 claims may not sound like a lot, but did they happen close together? We say, "Frequency leads to severity," meaning that the more claims you have, the more likely you are to have a BIG claim. Even if you don't, they all add up. Were they large? Were they due to reckless management or could they appear to be due to reckless management? Examine your account the way someone with a checkbook in hand would - would YOU take a risk on you?

User Avatar

Wiki User

16y ago

What else can I help you with?

Related Questions

A friend of mine got terminated because he took his mistress on a 3 day business trip and 2 of those 3 days he expensed on his business credit cards. Is this fair since he offered to reemburse?

it depends


Can you file a case against business that sold you counterfeit handbags and jewelry and jeans?

Yes. You can sue the business in small claims court.Yes. You can sue the business in small claims court.Yes. You can sue the business in small claims court.Yes. You can sue the business in small claims court.


What is a liquidation policy?

when a business or firm is terminated or bankrupt its assets are sold and the proceeds pay creditors


Can a sale contract be void if the name is not correct on the contract?

yes!!!!!!!!!!!!!!!!!! if a business name is incorrect on contract can it be terminated


A friend of mine got terminated because he took his mistress on a three day business trip. 2 of those 3 days he didn't work but claimed the hotel and rental car on his business expense. Is this fair?

NO. If the trip required flying on a sat to get a cheap flight it would be normal business practice.


What does a claims management company do?

A claims management company is a business that offers claims management services to the general public. They can offer advice and other services regarding claims for compensation, restitution and repayment.


What has the author Denis Riley written?

Denis Riley has written: 'Consequential loss and business interruption insurances and claims' -- subject(s): Business income insurance, Business interruption Insurance, Insurance, Business interruption 'Riley on business interruption and consequential loss insurances and claims' -- subject(s): Business income insurance


How the process is being crwater and terminated?

The US Water Supply Company using the internet name crwater is still in business so it has not terminated. Any enquiries abount your account should be dirrected to the Water Supply Company.


What is the original form of business when a person do not invest in the business but he has been hired for running the business and he claims only share in the profit?

Agency.


How do people get the data for the weekly jobless claims?

Each county in the USA reports the number of new, terminated and continuing claims for unemployment insurance to the State. The states send this data to the Federal government, which releases an adjusted version of this data that is "corrected" for seasonal variations.


What are the release dates for Holmes Inspection - 2009 Terminated 2-8?

Holmes Inspection - 2009 Terminated 2-8 was released on: USA: 3 June 2010


How is pregnancy terminated in the first 3 weeks?

Either by medicine or suction by the doctor.