answersLogoWhite

0


Best Answer

The risks with commercial insurance companies are that because they are so big, they aren't the best about taking care of their customers one on one. You may get overlooked.

User Avatar

Wiki User

12y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: What are the risks associated with commercial insurance companies?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

Tell you about risks associated with future generali insurance?

please answer me risks associated with future generali insurance


What are the risks of not having insurance on home contents?

There are many risks associated with not having insurance on home contents. This includes losing the value of your contents if there was an accident, such as a fire, or due to burglary.


What are some of the dangers of becoming a franchisor?

There are many risks when one becomes a franchiser. This includes high upstart costs, commercial property risks and risks associated with personal liability.


who is commercial insurance broker?

A commercial insurance broker is an independent professional who connects businesses with insurance companies. When a customer purchases a business insurance policy through the broker, the insurance company pays them a commission for their work. Commercial insurance brokers usually offer a full range of commercial insurance cigflorida(.)com/fort-myers-insurance-agency/ services. You must hire a broker when you have the below criteria Big business & a large number of employees A large number of vehicles & drivers A high-risk business industry The last time I got Chapman Insurance Group's services from a trusted broker & the insurance run till now. You can also choose one such option like me. Even you can select the best commercial insurance broker from local directories.


What are risks associated with 30 year term life insurance?

The risks associated are that premiums could go down during the term of the policy .The other risk is that the insured does not live to fulfill the policy term. i dont undersand what you are saying


What is a statistician who calculates commercial risks and probabilities involving uncertain future events called especially for insurance purposes called?

actuary


2 risks which can not be insured?

Risk that cannot be insured would change according to the Insurance companies own buiness policy and underwriting practice for eg for a standard personal lines underwriter - the 2 risk that he would not insurer would be a risk when a person has 1)high auto insurance claims or a person has a bad driving record . 2) Commercial autos These two risks would be declined and not insured by the standard auto insurance (Personal lines ) underwriters.


Regulations and risks associated with carrying children?

regulations and risks associated with carrying children


What are the risks associated to management information systems?

What are the risks associated to management information system


Are insurance companies insured?

Perhaps surprisingly, the answer is "yes." Most insurance companies choose to buy "re-insurance," and this is a very interesting - and different - type of insurance than what you or I generally see. While there are thousands of different insurance companies, there are only a handful of re-insurers.Re-insurance companies contract with "regular" carriers to cover unexpected catastrophic losses. For example, the companies that insured businesses in the World Trade Center may have expected a few minor claims over the years (a broken window, a stolen laptop, a twisted ankle), they likely never counted on the kind of total losses generated on 9/11. It's a safe bet that they had agreements (called "treaties") in place with at least one re-insurer to help cover the tremendous number of dollars associated with that tragic event.Reinsurance companies work by agreeing to "buy" (take on) a set amount of losses which an insurance carrier feels is beyond its comfort level. The insurance company agrees to pay a premium (just like you or I) to the reinsurance company, which then agrees to pay for excess loses incurred by the original carrier. Call it "Insurance insurance," it's a vital part of how insurance companies can take on additional risk and still remain in business in the face of large, unexpected losses.


Risks associated with owning your own business?

what are some of the risks associated with owning your own business


What are the benefits and risks of commercial liability insurance?

Yes, if a lot of people drive the vehicle, you need insurance to cover everyone who drives it. Although typically the insurance goes with the person, so as long as your people are covered, the vehicle is.