Category: insurance

Various Benefits of All Risk Property Insurance for Companies

 One of the most important things in a business is insurance. Insurance is very necessary to cover all risks that may occur in the future. One type of insurance is All Risk property insurance. How does this type of insurance work?

All Risk Property Insurance Benefits

All risk property insurance can be defined as all risk property. The point is this insurance guarantees all risk of loss that occurs in a business or company. Even so, there are exceptions in some cases that do not get protection from this insurance.

Things that are not included in this insurance protection, are usually things that result from human negligence. For example, carelessness or negligence of workers. Apart from that, all risks that may occur in a business will be fully covered by this insurance.

1. Guarantee Mechanical Machine Damage

This All Risk Property Insurance also covers company machinery damage. This machine damage can be caused by mechanical and environmental factors. Such as carelessness or negligence of employees, lack of water, or electrical short circuit that occurs. In the case of damage to this machine, there is a guarantee of choice with a sub limit.

2 . Companies Get Clause

This All Risk property is also known as a clause. The clause itself is an additional benefit for a company that registers this type of insurance. What additional benefits does the company get?
A company that enrolls in the All Risk type of insurance will get a clause such as an alteration clause. Alteration clause itself is a change clause. This clause is the completeness of the contents of the document which provides additional guarantees for money, documents, etc.
Then, the most clause that the company gets is the average relief clause. The size of this clause is 85%. The company will receive full compensation. Even though they are under insurance or get coverage at a lower price.

3. Covering Damage from Natural Disasters

All Risk properties also cover damage caused by natural disasters. This guarantee covers hurricanes, storms, floods and other water damage. It is possible that this insurance also covers earthquakes, volcanoes, tsunamis, etc.
In addition, there are several risks that are included in this insurance exclusion. Some of the exceptions that occur are war, terrorism, and radioactive damage. Also a form of intentional and dishonest employees that have a bad impact on the company.
Thanks for reading our article Various Benefits of All Risk Property Insurance for Companies. Hope That can help you.


 Having insurance is the same as saving you in the long run as well as arranging your finances more regularly over a long period of time. Not only that, different from regular savings, insurance also has a kind of protection for every activity and activity you do. Well, one type of insurance that you can consider trying is property insurance.

From a financial point of view, property insurance means insurance that is used to reduce financial risk in the event of damage to the insured property. Losses resulting from such damages will be borne together with a proportionate share.

Property referred to here is related to immovable objects of high value, such as houses, offices, warehouses, shop houses (ruko), and office houses (office houses). So, for those of you who have a business such as a boarding house or rented house or shop rental, insurance like this is highly recommended to try. The reason is that if one day unwanted damage occurs, the insurance provider will provide compensation for any damage to the property that you have insured.

We have discussed the general insurance benefits for its customers. For more details regarding the benefits of property insurance in general, it will be explained below.

General Property Insurance Benefits

There are many unforeseen events in this world that come at unexpected times in life. When the financial situation is again unstable and income decreases, suddenly the house is on fire or a flood occurs. As a result, your valuable home and property are damaged. You too suffer losses at the worst times of your life. This is where insurance plays an important role. If you have registered as an insurance customer for your valuable properties beforehand, then when there is damage due to unexpected events such as fire, lightning strike, natural disasters, theft, or other unwanted things, the insurance company will help You cover the cost of repairs due to the damage in question. Further information regarding the benefits of property insurance in general will be explained as follows.

1 . Comfort and Calm

Who would not want to live in peace, comfort and safety in this world? Everyone is willing to do anything so that their life can be happy until old age. So, having insurance for valuable properties such as houses, buildings and all the assets that you have accumulated over the years in them is one of the long-term preventive actions that you must take for the convenience of your life in the future. You do not want it if all the property that you have worked so hard to own will be lost in an instant due to unwanted events such as fire, natural disaster or even theft? Therefore, property insurance is there so you don’t worry anymore about how to protect your valuable properties.

2. Avoid the Risk of Lawsuits

Almost all civilians don’t want to deal with lawsuits, and so are you. Damage to property, for example due to natural disasters or accidental disasters that injure another person can lead to serious lawsuits.

3 . Your Valuable Property Is Protected

As great an astrologer as a fortune teller, he could never predict all future events so precisely without the slightest error. Likewise with you who are not fortune-tellers. You don’t have the will and power over everything that happens in this world. Disasters can happen at any time and happen to anyone at times that are usually not expected, whether natural disasters or catastrophic damage brought on by the ignorant hands of humans. Therefore, protecting your property, home and valuable buildings through property insurance is an effort to protect what you have from unwanted events in the future.

Thanks for read our article about 3 benefits of property insurance.

About Property Insurance For Beginners

Heartbreaking, maybe that is the feeling that can be described if the company that you owned for years must disappear in a short time just because of an accident.


  • Fire, Lightning, Explosion, Falling Aircraft, and Smoke: Protection from various adverse events.
  • Natural Disasters: Protection from losses caused by Earthquakes, Volcanic Eruptions (Eruptions), and Tsunamis (with separate policies as an expansion option BENEFITS)
  • Hurricane, Storm, Flood, and Water Damage.
  • Riots and Strikes, Damage due to evil deeds and getting hit by motorized vehicles and riots.


  • WAR, raids, foreign enemy action, hostilities or activities resembling a war atmosphere, and so on
  • Nuclear reaction, nuclear radiation, or radioactive contamination
  • Deliberate or deliberate mistake made by asset owners or employees
  • Delays, market losses due to other business interruptions
  • Dishonesty, Deliberate Actions, etc.
  • Damage, electrical or mechanical failure or connection leakage, failure in basting, collapse or overheating of the boiler, economizer
  • Thirst, the nature of the thing itself, the damage from constant use
  • Etc. (full explanation can be seen in the General Exceptions section listed on the Property All Risk / Industral All Risk Insurance Policy).


All types of buildings with all kinds of uses (occupation) and / or contents (excluding land prices) with a period of one year.


All individuals or business entities that have an interest in the object that is insured, such as: Owner of the object of insurance, lessee of the object of insurance, Bank / financial institution that provides credit, other parties who have an interest in the object insured.

How to Calculate Insurance Premiums

Sum Insured x Premium Rate


Immediately contact the authorities to help overcome the disaster that occurred

As much as possible to save and safeguard the property which is insured and which is still valuable

Immediately contact the claims officer or our 24-hour hotline to provide an oral report and a written report no later than seven days after the accident.

Property Insurance

SA – Definition: Insurance that protects the physical property and equipment of a business against loss from theft, fire or other perils; all-risk coverage covers against all risks; named-peril coverage covers only against specific perils named in the policy.

When it comes to insurance for your physical property, you want to make sure to get a policy written on an all-risk basis rather than on a named-peril basis. While the latter only covers the specific perils named in the policy, an all-risk policy will cover you for virtually anything (except for a few specific enumerated exclusions). The all-risk policy will allow you to:

Eliminate duplication and overlap;

Avoid gaps in trying to cover your liabilities through a number of specialized policies;

Encourage quicker settlements by working with one agent and one attorney;

Reduce the expense of having many different policies.

If your local or regional location is inclined toward a specific calamity, you may consider additional insurance or pay an additional premium to insure against fire, flood, earthquake, nuclear risks (if you’re near a nuclear plant), hail, windstorm, vandalism, or crime.

An experienced agent or broker may roll many overages into a business owner’s policy (BOP)–a ready-made program for small businesses–or a special multiple-peril plan.

Replacement cost insurance will replace your property at current prices, regardless of what you paid for it, and thus protect you against inflation. However, there’s usually a provision that your total replacements can’t exceed the policy cap. For example, if you have a 40,000-square-foot facility that would cost $40 per square foot to replace, the total replacement cost ($1.6 million) may exceed your $1 million policy limit. To protect yourself, buy replacement insurance with an insurance guard, which adjusts the cap on the policy to allow for inflation. If this isn’t possible, simply review your policy limits from time to time to make sure you have adequate coverage.

With coinsurance, the owners of a building can actually share the potential loss with the insurance company if they’re willing to share the premium cost. These terms are crucial if you are on either end of a leasing agreement. A common percentage of market value of buildings used in coinsurance is 80 percent, with the owner bearing the cost of the other 20 percent in the event of a complete loss.

The Most Effective Way to Market Insurance


A good way of marketing insurance really determines the work of an insurance agent, whether the product being offered will be sold or not. Actually, the key to success in selling insurance policies is a matter of confidence of the buyer or prospective customer, without the confidence of the prospective customer … the agent will not be able to market insurance. So no matter how good the insurance product is, if the agent is unable to convince the prospect or prospective customer, the sale will not occur.

And what if we take advantage of social media on the internet, can we write status in the form of insurance advertisements there? if such a method is used, it will certainly not work. To sell insurance online there are procedures, namely with the right internet marketing techniques, learn how to sell insurance online.

Community needs for insurance

More and more people are interested in insurance because of its vital function. For example, life insurance that has been launched by many insurance companies and banks. This type of insurance is useful as a guarantee when unwanted things happen, such as accidents to cause disability or death. Those who experience such things or their heirs will get insurance compensation. There is also a type of old age insurance that is beneficial for everyone. Especially for private workers or laborers after retirement, they certainly still need funds to meet their family’s daily needs. With this insurance, they will get funds according to the premiums paid each month.

However the most attractive may be education insurance. Many parents take this insurance as a savings fund for their children’s educational needs. The reason is, it is common knowledge that continuing education to higher education is very expensive, no matter public or private universities. It is predicted that each year the costs to be incurred by parents will always increase. Therefore, parents must plan and prepare education funds for their children from an early age. All types of insurance can be marketed by selling insurance through a bank.

The development of the times from year to year increasingly makes people’s needs also increase. Not only basic needs, but also secondary and tertiary needs. For some people, insurance is a tertiary need that is not really needed. But for those who always plan everything in life, insurance is a basic necessity that must be owned.

How to sell insurance that is good and right

1. The sincere approach.

 It means, we get acquainted and make an approach to prospects … not because we want it. It is not uncommon for an agent who is rejected by his offer to move away, of course this will make the prospect feel like a marketing target or sales target, this is what makes the prospect not pleased. What needs to be done is to maintain communication as usual even though they are rejected, because they are still potential customers, usually they just need time to think and consider everything.

2. Convey solution ideas.

 Prospects that have opened their minds, of course, will ask what benefits will be received from insurance. Insurance agents are required to have good product knowledge, thank God he also uses his own products, meaning that besides being an agent … he is also a customer of his own company, this will be an added value that will grow the confidence of potential customers. But in essence, what the customer needs must be covered by the insurance benefits that you offer.

3. Explore the prospect’s needs.

 An important step, this method has been proven by many senior agents in marketing insurance. Most … prospects who refuse insurance usually they do not understand the need for protection. The agent’s job is only to tell stories to raise awareness that every family needs financial security, if someone is sick someone will pay for it, if the spine dies there is financial guarantee for the survival of the family, and if he is old then someone provides old age insurance in the form of a pension fund.

4. Always ask for references.

 Usually this is a technique that is always used to market insurance, because it is very important. Agents who consistently apply this method will get a good and consistent sales rate. No matter what happens, whether your offer is accepted or rejected, always ask for references, ask for a list of people closest to the prospect that we can contact. If we have previously established good relationships and communications with prospects, of course this is not a difficult thing.

5. Selling Insurance through a Proven Effective Bank

How to sell insurance through a bank is an important thing for banks to do. This is because insurance is one of the national banking products currently in demand by the public. Both conventional, sharia, and regional banks have insurance products. These banks can make their own insurance or cooperate with insurance companies to market and distribute these products.
That way, the public will at least know that the bank concerned has insurance products. As for matters of interest or not, maybe it is the marketing responsibility of the bank, especially to offer insurance products by selling insurance through banks.

Your Options for Choosing Life Insurance Beneficiaries

No one likes to think about dying, but a life insurance policy can be a critical asset for your loved ones at a very difficult time. It’s important to understand what a beneficiary is and how your life insurance policy works so that you can come up with the best strategy to protect them.

Choosing a beneficiary for your policy can be as challenging as figuring out what kind of life insurance to buy. No one can tell you who your beneficiary should be. To determine who your life insurance beneficiary should be you should think about several factors, here is an overview of what to consider to make the best choice.
Primary vs. Contingent Beneficiaries The definition of the beneficiary for your life insurance policy is the individual who will receive the death benefit in the event of your death. You’re not limited to just one person. A policy can have more than one beneficiary.

A policy’s primary beneficiary is the first person who will receive the benefits of that policy when you die.2 Others, called contingent beneficiaries, only receive the benefits if the primary beneficiary predeceases you so she’s not available to accept the money. Contingent beneficiaries, more or less, wait in line in case this should happen. A contingent beneficiary is sometimes called a secondary beneficiary for this reason.
As an example, let’s say that Elizabeth and Doug are getting married and they buy life insurance. They name each other as primary beneficiaries, then they realize that they travel a lot, always together. They decide to choose contingent beneficiaries in the event that they die together in a common event.
Elizabeth chooses her sister, and Doug chooses his brother. They strategically split the contingent beneficiary to give each 50 percent of the benefits. This ensures that each sibling will receive a share—but only if Elizabeth and Doug die together.
Naming More Than One Beneficiary It’s possible to name more than one primary or contingent beneficiary by assigning a percentage of the life insurance benefit among two or more people on your insurance application.1

Let’s say you’re remarried with two kids from your former marriage. You own a home with your new spouse. You love her to death, but you also accept that she’s not the best at managing money.
You might want to ensure that she has enough to live well but that your children will also receive their appropriate share of the life insurance benefits. You might decide to leave 30 percent of your life insurance to your spouse as a primary beneficiary and 70 percent to your children. This gives your spouse enough money to cover all the house costs and your children will have enough for their college funds.

Revocable vs. Irrevocable Beneficiaries A beneficiary can also be revocable or irrevocable. You can’t later change your mind and remove an irrevocable beneficiary, naming someone else instead—at least not without the consent of the original beneficiary.4 Naming a beneficiary as revocable relieves you of this restriction. You retain the right to unilaterally change things up at any time.
Here’s another example: Mary is single, and she decides to buy a universal life insurance policy while she’s still young to maximize her savings and secure cheaper life insurance. She could pay off her whole life insurance by the time she’s 40.
She has a problem, however. She doesn’t yet have any dependents. She decides to name her mother for half the life insurance benefits and her best friend for the other half. She makes these beneficiary designations revocable so she can change her decision when and if her situation changes in life.

Naming Your Beneficiary The three most important factors when you sign up for a life insurance policy are passing the life insurance medical exam, selecting your amount of coverage, and choosing the beneficiary or beneficiaries.
You’ll have the opportunity to identify the beneficiary or beneficiaries as part of your life insurance paperwork. Each beneficiary should be identified as clearly as possible, using her full name and her Social Security number and date of birth. Provide as much information as you can so your beneficiary can be located and properly identified at the time of your death.
Considerations When Your Beneficiary Is Disabled or a Minor Minors cannot legally own or manage their own money. You’ll have to take some additional steps to make sure someone can manage the money for him until he reaches the age of majority if you name a minor as the beneficiary of your life insurance policy. In fact, most insurance companies will not release the money to a minor, but only to his conservator or guardian.
You can name a guardian using a Uniform Transfers to Minors Act form but consult with a legal professional to make sure you get it right.5 The court will then have to approve the named guardian before benefits can be paid.
Alternatively, you can name your estate or your living trust as a beneficiary with instructions in either your last will and testament or your trust formation documents that the insurance proceeds are to be spent for the benefit of the child or children.3This, too, often requires the assistance of an attorney. It’s important to keep in mind that the benefits might be vulnerable to claims by your creditors if you name your estate.
Special trusts can be formed for disabled individuals as well, so they can receive insurance benefits without losing government assistance, which is often needs-based.
Bottom Line Although some cases of naming a beneficiary are relatively simple, you should consider naming a contingent beneficiary or a secondary beneficiary just in case. Review your beneficiary choices throughout your life as your situation changes, such as due to divorce or the birth of a child.

5 uses for life Insurance

Life insurance can be an important part of your financial strategy. That’s because a life insurance policy can help you ensure that your loved ones have a secure financial future after you pass away. 

 Not only can life insurance help cover your final expenses — it can also provide your family with a financial safety net by helping to replace your income or serving as an inheritance for a loved one. 
Read on to learn about some of the ways life insurance benefits may be used: Father and daughter reading a book. COUNT ON QUALITY COVERAGE
Get the protection you need and the peace of mind you deserve with Allstate insurance. Here are some common uses of life insurance benefits: PAYING FINAL COSTS Life insurance policy benefits can be used to help pay for final expenses after you pass away. 
This may include funeral or cremation costs, medical bills not covered by health insurance, estate settlement costs and other unpaid obligations.

PAYING OFF DEBT OR REPLACING INCOME Life insurance benefits can help replace your income if you pass away. 

This means your beneficiaries could use the money to help cover essential expenses, such as paying a mortgage or college tuition for your children. It can also be used to pay off debt, such as credit card bills or an outstanding car loan. INHERITANCE Some people purchase life insurance with the intention of leaving the death benefit as an inheritance to their loved ones. 
If you’d like to have a specific person receive your benefits as an inheritance, the Insurance Information Institute (III) suggests naming your chosen heir as the beneficiary on your policy. 
This will ensure that your life insurance benefits fall into the hands of the person you intended to receive it.


Depending on state laws, your heirs may need to pay an estate tax upon receiving an inheritance. The III says that life insurance benefits may be used to partially or completely offset this cost. It’d be a good idea to consult with your insurance provider or a financial professional to understand how estate taxes may affect your beneficiaries. CHARITABLE CONTRIBUTIONS Life insurance policies can also be created with your favorite charity as a named beneficiary, the III says. This can help ensure your philanthropic goals are met after you pass away, and that benefits are provided to your charity of choice.
 Life insurance can be a sensitive topic, but it can help provide a more secure financial future for your family if the unexpected happens. Contacting an insurance agent can help you better understand the types of life insurance and determine what kind of policy fits you and your family’s needs. 


Compare Cheap Van Insurance Quotes from UK Providers compare van insurance 

 If you’re a van driver you’re probably already aware that van insurance can sometimes cost quite a bit more than car insurance.
More information about VAN INSURANCE Click Here
That’s partly because many vans have larger engines than most cars, and they often weigh more than a typical car too – both of which can push a van into a higher, more costly van insurance group. 
 In addition, a majority of the 4 million vans on the UK’s roads today are used as commercial vehicles, which means there’s a good chance they’ll spend more time on the road and clock up more miles than an average car – two other factors that can push van insurance premiums up. 
 That’s why it’s more important than ever to shop around when you’re insuring your van, rather than accepting your existing provider’s renewal quote. 
By using’s van insurance comparison service you’ll be able to compare quotes from up to 50 insurance providers in a matter of minutes, making it more likely that you’ll find a suitable insurance policy for your van at a price that won’t break the bank.

Compare van insurance quotes now Van insurance: a guide to comparing the best policies 

What level of cover should I opt for when I’m insuring a van? As with car insurance, van drivers have three levels of insurance cover to choose from: Third Party Third Party, Fire and Theft Fully Comprehensive Van Insurance Third party van insurance is the minimum level of cover required under UK law, and as such it’s sometimes slightly cheaper than the other two options. 
So if the premiums you’re being quoted for fully-comprehensive van insurance are particularly high (because you’re a young van driver, for instance, or because you require specialist van insurance), then it might be worth looking into third party van insurance, which in some cases could reduce your premium a little. washing machine insurance. 
 However, it is important to bear in mind that if you’re involved in an accident that was your own fault third party van insurance will only cover the cost of damage to the other driver’s vehicle, which would mean you’d have to pay to repair or replace your own van yourself.
 In addition, the price difference between third party and fully-comp van insurance can sometimes be close to zero, since many insurance providers do take into account the fact that third-party cover has historically been favoured by drivers with weaker driving records. 
That’s why it’s a good idea to compare quotes for all three levels of cover and then opt for the policy that offers the most comprehensive coverage at the most competitive price. Why is van insurance more expensive than car insurance? 
There are several reasons for this. For instance, many vans have larger engine sizes than your typical car, and vehicles with bigger engines usually fall into higher insurance groups. Since your van insurance group plays a role in your insurance premium calculation, this means that vans often cost more to insure. In addition, the vast majority of vans on the road in the UK are used for commercial purposes, which means there’s a good chance that they’ll spend more time on the road and clock up more miles than a family car that’s only used for ‘social, domestic and pleasure’. 
 Will my van insurance be cheaper if I’m using the van for private use? Yes, private van insurance is usually cheaper than business van insurance, because when your van’s class of use is ‘social, domestic and pleasure’ you’re likely to spend less time on the road and clock up fewer miles than a van that is being driven all day long for business purposes. However, it’s important to bear in mind that if you do opt for the ‘social, domestic and pleasure’ van insurance class of use you won’t be able to use your van for any type of commercial or business use – doing so could risk invalidating your policy, even if you only use it for commercial purposes very occasionally. 
 Does it cost more to insure a van that has been modified? Yes, modified van insurance usually costs more than insuring a van that hasn’t been modified, either because the vehicle modification increases the risk of the van being involved in an accident or because they increase the risk of theft. 
 For instance, engine upgrades, performance enhancements or tinted windows could increase the chance of the driver being involved in a road traffic accident, while adding signage to your Transit van or Renault Trafic could increase the risk of the vehicle being targeted by thieves because it could lead them to believe there might be valuable tools inside.

In addition, some aesthetic modifications, such as specialist paintwork, can result in a higher insurance claim if the vehicle is ever involved in an accident. Finally, commercial modifications such as the installation of roof bars or a tail lift, could increase the cost of your modified van insurance by adding enough weight to the van to push it into one of the higher van insurance groups. Is it possible to take out black box van insurance? Yes, some van insurance companies are beginning to offer black box van insurance, which could potentially reduce the premium for younger van drivers – provided they are safe drivers that obey the rules of the road, never speed and always comply with any curfews or other restrictions the policy imposes, of course. 

 Most commercial van drivers still tend to favour standard van insurance policies over black box policies, though, possibly because of the curfews, restrictions and limitations that some telematics insurance policies impose. 

 How can I find cheaper van insurance? 

Firstly, don’t automatically accept your insurance provider’s renewal quote without using an insurance comparison website like to compare quotes from a range of insurance companies, because you’ll often be able to find a much cheaper van insurance quote than your renewal price.
In addition, the following steps could also help to reduce the cost of insuring your van: Making use of off-road parking: Vans that are parked off-road when they’re not in use have a lower risk of being damaged by a passing vehicle or targeted by thieves, so if you’re able to park your van in a garage or on a driveway this could result in cheaper commercial van insurance quotes. Installing an alarm or engine immobiliser: 
If your van didn’t come with a manufacturer-installed alarm or engine immobiliser then installing these security features could lower the cost of your van insurance. Avoiding other vehicle modifications: 
Apart from an immobiliser or alarm, most other van modifications run the risk of pushing your van insurance premium upwards. Paying for the full year upfront: If you opt for a monthly payment plan you’ll usually pay more overall for your van insurance. 
Agreeing to a higher excess: Agreeing to a higher voluntary excess could result in a slightly lower van insurance premium… although it’s important to bear in mind that this does mean you’ll have to cover a larger portion of the cost yourself if you ever have to claim on your insurance. Should I use van insurance brokers? In much the same way that you shouldn’t accept your existing provider’s renewal quote without shopping around first, if you do decide to meet with a van insurance broker it would be a wise idea to compare the quotes they are able to provide with those you’d find by using a van insurance comparison service like 
 Of course, if you need specialist van insurance (if you carry hazardous materials, for instance) a van insurance broker might be able to help you find cover with a specialist provider,but for a standard van the best plan could be to use to compare quotes from a wider range of providers. 
 Also, since the weight of the van is one of the factors used to determine its insurance group, some modifications, such as installing roof bars or fitting a tail lift, could increase the cost of your modified van insurance by adding enough weight to push the van into a higher insurance group.