Finance Outsourcing Insurance Services
Finance Outsourcing is the country's largest personal lines insurer.
A Fortune 100 company, with $15 billion in assets, we sell 10 major
lines of insurance that includes auto, property, life and commercial.
We offer insurance products to more than 10 million households. We
insure one out of every 90 autos and one out of every 60 homes and have
operations in 19 states. Our major insurance products are:
· Automobile insurance, also known as auto insurance, car insurance
or motor insurance cover both legal liability claims against the driver
and loss of or damage to the vehicle itself.
· Boiler insurance (also known as Boiler and Machinery insurance or
Equipment Breakdown Insurance)
· Casualty insurance can be insured against accidents, not
necessarily tied to any specific property.
· Credit insurance pays some or all of a loan back when certain
things happen to the borrower such as unemployment, disability, or
death.
· Financial loss insurance protects you from individuals and
companies against various financial risks. For example, a business
might purchase cover to protect it from loss of sales if a fire in a
factory prevented it from carrying out its business for a time.
Insurance might also cover failure of a creditor to pay money it owes
to the insured. Fidelity bonds and surety bonds are included in this
category.
· Health insurance covers medical bills incurred because of sickness
or accidents.
· Liability insurance covers legal claims against the insured. For
example, a homeowner's insurance policy provides the insured with
protection in the event of a claim brought by someone who slips and
falls on the property, and brings a lawsuit for her injuries.
Similarly, a doctor may purchase liability insurance to cover any legal
claims against him if his negligence (carelessness) in treating a
patient caused the patient injury and/or monetary harm. The protection
offered by a liability insurance policy is two-fold: a legal defense in
the event of a lawsuit commenced against the policyholder, plus
indemnification (payment on behalf of the insured) with respect to a
settlement or court verdict.
· Life insurance provides a cash benefit to a decedent's family or
other designated beneficiary, and may specifically provide for burial
and other final expenses.
· Annuities provide a stream of payments and are generally classified
as insurance because they are issued by insurance companies and
regulated as insurance. Annuities and pensions that pay a benefit for
life are sometimes regarded as insurance against the possibility that a
retiree will outlive his or her financial resources. In that sense,
they are the complement of life insurance.
· Total permanent disability insurance provides benefits when a
person is permanently disabled and can no longer work in their
profession, often taken as an adjunct to life insurance.
· Locked Funds Insurance is a little known hybrid insurance policy
jointly issued by governments and banks. It is used to protect public
funds from tamper by unauthorised parties. In special cases, a
government may authorise its use in protecting semi-private funds which
are liable to tamper. Terms of this type of insurance are usually very
strict. As such it is only used in extreme cases where maximum security
of funds is required.
· Marine Insurance covers the loss or damage of goods at sea. Marine
insurance typically compensates the owner of merchandise for losses
sustained from fire, shipwreck, etc., but excludes losses that can be
recovered from the carrier.
· Nuclear incident insurance - damages resulting from an incident
involving radioactivive materials is generally arranged at the national
level. (For the United States, see Price-Anderson Nuclear Industries
Indemnity Act.)
· Environmental Liability Insurance protects the insured from bodily
injury, property damage and cleanup costs as a result of the dispersal,
release or escape of a pollutant.
· Political risk insurance can be taken out by businesses with
operations in countries in which there is a risk that revolution or
other political conditions will result in a loss.
· Professional Indemnity Insurance is normally a mandatory
requirement for professional practitioners such as Architects, Lawyers,
Doctors and Accountants to provide insurance cover against potential
negligence claims. Non licensed professionals may also purchase
malpractice insurance, it is commonly called Errors and Omissions
Insurance and covers a service provider for claims made against them
that arise out of the performance of specified professional services.
For instance, a web site designer can obtain E&O insurance to cover
them for certain claims made by third parties that arise out of
negligent performance of web site development services.
· Property insurance provides protection against risks to property,
such as fire, theft or weather damage. This includes specialized forms
of insurance such as fire insurance, flood insurance, earthquake
insurance, home insurance, inland marine insurance or boiler insurance.
· Terrorism insurance
· Title insurance provides a guarantee that title to real property is
vested in the purchaser and/or mortgagee, free and clear of liens or
encumbrances. It is usually issued in conjunction with a search of the
public records done at the time of a real estate transaction.
· Travel insurance is an insurance cover taken by those who travel
abroad, which covers certain losses such as medical expenses, lost of
personal belongings, travel delay, personal liabilities.. etc.
· Workers' compensation insurance replaces all or part of a worker's
wages lost and accompanying medical expense incurred due to a
job-related injury.
Our other services and products are:
401(K) Plans, 403(B) Plans, Accidents, Aircraft Insurance, Alarm
Installer Insurance, All Terrain & RV Insurance, Antique & Classic Cars
Insurance, Apartment Buildings Insurance, Asset Management, Boat
Insurance, Bonds, Builder & Contractor Insurance, Cancelled or
Previously Denied Insurance, Certificates of Deposit, Claim Processing,
Combination Policies, Commercial Vehicle Insurance, Dependent Care
Assistance Plans, Deposit Insurance, Disability Insurance, Driver
Training, Education Savings Plans, Employee Benefit Plans, Floater
Insurance, Group Plans, Health Insurance, High Risk Coverage, High Risk
Coverage, Homeowners Insurance, Hotel & Motel Insurance, Immediate
Coverage, Individual Retirement Accounts, Insurance Compensation,
Insurance Reports, Insurance Software, International Insurance, Legal
Insurance, Liability Insurance, License Reinstatement Assistance,
Mobile Home Insurance, Motorcycle Insurance, Multiple Peril Insurance,
Multiple Policy Discounts, Mutual Funds, New Home Discounts, Non-Smoker
Discounts, Pet Insurance, Photo & Video Protection Services, Private
Mortgage Insurance, Professional Liability Insurance, Profit Sharing
Plans, Referral Discounts, Reinsurance, Renters' Insurance, Restaurant
Insurance, Restricted or Revoked Licenses, Retailers' Insurance,
Retirement Plans, Risk Management, Securities, Senior Discounts, Small
Business Insurance, Small Group Plans, SR-22s, Student Drivers,
Supplemental Insurance, Term Life Insurance, Theft Insurance, Title
Services, Travel Insurance, Umbrella Policies, Warranty Coverage,
Watercraft Insurance, Wedding Insurance, Whole Life Insurance,
Contact
Name Finance Outsourcing
Website www.finance-outsourcing.com
Email [EMAIL PROTECTED]
[EMAIL PROTECTED]
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