Did you receive injuries from an accident recently which leads to you filing a claim for damages? If so, then you might have come across the word subrogation in your dealings. This word literally means that one party or person … Read More
It is important for you to understand the clauses in an agreement when signing a contract for any professional service. Although this might seem like simple common sense, most people don’t understand clauses in agreements, such as the right of … Read More
Many insurers overlook the subrogation process, which often leads to financial loss. Not only are successful subrogation programs critical to the insurer’s financial strength, but to the overall customer satisfaction. What Leads To A Successful Subrogation Program? In most instances, … Read More
All About Subrogation Rights Everyone and everything in this world has their own rights. They say that everyone has the freedom to do whatever they want unless what they are trying to do collide with the right of another object … Read More
If you are a person who has an agreement or contract with another party, then you should really make yourself familiar with subrogation rights and waivers. Knowledge about this matter might help you or someone you know in the near … Read More
Indemnity insurance is defined as policy that protects the interest of professional workers and businessmen when they are found guilty for a particular cause. Some common examples of indemnity insurance are malpractice insurance and errors and omissions insurance. These indemnify … Read More
Indemnity, in very simple words, means protection or security against any damage, loss or injury in a legal way. For example: An indemnity would be an amount offered by X to Y (as reparation) for a specific damage or loss … Read More
What is Subrogation? Subrogation refers to the process that an insurer uses to pursue a third party that caused some type of insurance loss to the insured. This is done as a means to recover claim amount paid to the … Read More
What is Unconditional Lien Waiver upon Final Payment? The unconditional lien waiver on final payment is considered to be the safest waiver which releases all the rights and places the lien on the owners. People who use the release are … Read More
What is a Conditional Lien Waiver upon Final Payment? The conditional lien waiver on final payment is a binding document that officially releases the claim of the people who provided services like supply of raw materials and labor to complete … Read More