Do Insurance Policies Cover Lost Income Due To Coronavirus?

| April 2, 2020

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John Lapointe from The Lapointe Insurance Agency answer the question; Do Insurance Policies Cover Lost Income Due To Coronavirus?

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Colmore Insurance Brokers

Colmore Insurance Brokers Limited is a privately-owned business which puts the client at the heart of everything we do. We believe in an integrated approach to the management and transfer of risk. Every client matters to us. We are resolute in making sure this is constantly reflected in the service we offer. The values upon which Colmore Insurance has been established guide our daily operations and ensure that we are always attentive to the requirements of our clients.

OTHER ARTICLES

Top 3 Challenges to Data Science and Machine Learning Adoption in Insurance

Article | March 27, 2020

Hiring people with skills in machine learning is extremely difficult across industries due to a shortage of talent and skyrocketing demand. But the insurance industry is better positioned than most to overcome this challenge via upskilling. With tens (possibly hundreds) of statistics-minded actuaries already on staff, providing the right tools to nudge them into the world of data science is a small step. Upskilling business staff is also a great way to fill talent gaps, and in many ways, it’s necessary for insurance businesses that want to democratize data science.

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Do I Need Professional Liability or E&O Insurance in Massachusetts?

Article | March 3, 2020

In a nutshell, Errors and Omissions (E&O) insurance is a professional liability insurance policy created to protect professionals, employers, and employees from claims of inadequate work or negligence. Here in Massachusetts, it’s a useful policy for professionals who work with contracts, finances, investments, and other risks.

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How Prepared are Insurtechs Against the Threat of Coronavirus?

Article | March 13, 2020

The losses and costs resulting from the outbreak of coronavirus are estimated to be in the enormous sum of four trillion US dollars – but we don’t see this as reason to panic. Thanks to a mobile-first approach, technical infrastructure and direct sales, insurtechs are protected against the crisis and, right now, they are one of the most promising business models, in one of the largest markets in the world. The developments surrounding coronavirus could therefore even be described as a catalyst for insurtechs. Crises reveal how strong a digital business model is. And coronavirus in particular demonstrates the extent of the technological lead over traditional insurers.

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How insurers can use big data to manage the COVID-19 pandemic

Article | March 27, 2020

Insurers are stuck between a rock and a hard place. The recent COVID-19 pandemic has forced much of the world to grind to a halt. As companies struggle to manage the impacts on their supply chains and bottom line, greater pressure is placed on insurers to support their clients while also mitigating the downside for their own businesses. On one end, the needs of insureds are higher. Business operations are global and more complex; all the while, clients expect more bespoke service and support.

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Spotlight

Colmore Insurance Brokers

Colmore Insurance Brokers Limited is a privately-owned business which puts the client at the heart of everything we do. We believe in an integrated approach to the management and transfer of risk. Every client matters to us. We are resolute in making sure this is constantly reflected in the service we offer. The values upon which Colmore Insurance has been established guide our daily operations and ensure that we are always attentive to the requirements of our clients.

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