Blanket & Self-Insurance vs. CPI

| January 4, 2020

article image
A self-insured lender assumes all risk and absorbs any losses that occur. The greatest disadvantage of self-insurance is that risk is not transferred. To minimize uninsured losses, some self-insured lenders add follow up procedures such as: Requiring evidence of physical damage insurance at the time of loan closing.

Spotlight

BancorpSouth Insurance Services, Inc

Our passion for helping clients drives us. It is why we provide our version of “exceptional” customer service. We strive to anticipate what our clients and colleagues will want and have it waiting for them just when they need it. Teamwork is at the core of what we do every day and we recognize that each colleague is vital to our success. We shape our industry and support the communities we serve. We help clients insure their business and protect their personal property.

OTHER ARTICLES

How AI is transforming the Insurance Sector

Article | March 16, 2020

The use of AI (Artificial Intelligence) is revolutionizing the working system of different industrial sectors and insurance is just one of them. Besides the insurtech companies that are vouching for AI tools, the traditional insurance companies too are now showing eagerness to shift their business processes to AI based technologies. As masters of digital technology and established website design company in Mumbai, we understand the reasons behind its rising popularity. AI technology has the potential to optimize efficiencies- enhance customer satisfaction, manage risks, detect frauds and improve the claim management system and more.

Read More

Is Your Small Business Protected by Cyber Insurance?

Article | March 16, 2020

The expenses resulting from a data breach can be staggering. A cyber insurance policy can help you recover without putting your business at financial risk. Cyber insurance can help small businesses recover from a data breach – but finding the right policy for your business can be challenging. These tips will help you find the right cyber insurance policy.

Read More

How InsurTech-Insurance Partnership Delivers New Product Innovations

Article | March 16, 2020

In 2019, InsurTech funding reached $6 billion, acknowledging the pace that technology can bring to overcome the age-old Insurance problems, the State of AI in Insurance 2020 says. While Incumbents are known for their core competencies in end-to-end insurance processes (from underwriting to claims settlement and reinsurance), InsurTechs are enticing millennials with fully digital innovative products and solutions.

Read More

What Will My General Liability Insurance Cover?

Article | March 16, 2020

General liability insurance is one of the most important types of insurance you can buy to protect your business. It is a broad type of coverage that provides protection against general risks. General liability coverage protects you from third-party claims made against your business, such as bodily injury and property damage. It does not cover workplace injuries sustained by your employees – those are covered under workers’ compensation insurance.

Read More

Spotlight

BancorpSouth Insurance Services, Inc

Our passion for helping clients drives us. It is why we provide our version of “exceptional” customer service. We strive to anticipate what our clients and colleagues will want and have it waiting for them just when they need it. Teamwork is at the core of what we do every day and we recognize that each colleague is vital to our success. We shape our industry and support the communities we serve. We help clients insure their business and protect their personal property.

Events