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Business insurance is based on two principles: one is your risk and history in the industry, and two is history and risk of your company. If these two items are compromised then your premium will be raised.
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∙ 12y ago
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Can your insurance company raise your premium after you report a loss?
Insurance companies are not allowed to raise your premium if you onoy reported ONE loss but keep in mind that they can always use other reasons such as an across the board premium increase.
What is premium loading in insurance?
Premium loading is an amount an insurance company adds to the basic premium to cover the expense of securing and maintaining the business.
What is loading in insurance?
Premium loading is an amount an insurance company adds to the basic premium to cover the expense of securing and maintaining the business.
Is business insurance premium deductible from net income?
Yes.
What does the term 'premium volume' mean?
The term premium volume is a measure of in-force business in a health insurance company. In-force business refers to the aggregate total of insurance policies which are being paid that a health insurance firm has on its record.
Will your premiums increase with no-fault insurance if someone hits you when your car is parked?
The insurance company has no reason to raise your premium, the situation was completely out of your hands.
I had to raise premium for my leased vehicle insurance says this will raise it for both this and my finance car in New Jersey Is this true or should i be able to increase just leased car?
they raise there young
What wouldn't cause your insurance rates to be higher?
Filing no claims on your insurance will not raise your rates. Your insurance agent would just as soon never hear from you except when you pay your premium.
If you can't identify the vehicle or the driver which hit your car in the parking lot would your insurance cover the damage without increasing your premium?
No, if the insurance company has to pay out anything then they will raise the premium in order to make there money back....
Can an auto insurance company raise your premium by 100.00 because your a woman?
No, your insurance can't be raised by $100.00 just because you are a woman. There are a lot of factors involved with the way your insurance is priced.
If you want a settlement from workers comp does the money come from your employer?
Workers compensation is an insurance. Your employer pays a premium during each billing period (monthly, quarterly, annually, however frequently) for coverage. This works just like any other insurance business: the insurance company will pay for covered claims. Claims may cause the insurance company to raise premiums if they feel the business has become more of a risk.
What does insurance premium mean?
The premium is the cost that you must pay to have the insurance.
