Category: Commercial Auto Insurance
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Insurance Loss Runs: How Do They Work?
An insurance loss run is a report that lists all claims made on a particular insurance policy over a specified period of time. Loss runs are typically requested by insurance underwriters when evaluating an insurance application or renewal, and they can also be used by policyholders to help identify trends or potential issues with their…
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Insurance Premium Audit
Your insurer conducts a premium audit to become sure you have paid the proper premiums over the period of the policy for the insurance coverage you need. By analyzing your company’s financial records, an insurance premium audit determines your actual risk exposure. Every year, your insurance company conducts an audit of your policy. Typically, when…
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What is DOT Number?
A DOT or United States Department of Transportation Number is issued by the Federal Motor Carrier Safety Administration (FMCSA). It is a unique identifier assigned to companies operating commercial transportation services, either for cargo haulage or transporting of passengers. The primary role of FMCSA is to improve highway safety for all road users. The agency…
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Commercial Property Insurance Classification
Commercial Property Insurance Classification: Air Conditioning, Heating, and Refrigeration Dealers Aircraft – stored in the open Aircraft Parts and Accessories Dealers. Airline Passenger Terminals Airplane Hangars – no repairing Airplane Hangars – with repairing Amusement Equipment – outside Amusement Parks – recreational buildings Anhydrous Ammonia Dist. Antique Shops Apartment Hotels – no restaurant Apartment Hotels…