A lapse in insurance, which occurs when you fail to pay your premiums on time, can be very damaging to your coverage and your finances. During a lapse, your policy is suspended, leaving you vulnerable to financial loss in the event of an accident or disaster. Late payments can also result in penalties and increased … Read more
In the midst of global crises, the financial repercussions can be devastating. Sports organizations are not immune to these challenges. However, there is a unique safeguard that has emerged: pandemic insurance. This type of insurance provides financial protection against losses incurred due to pandemics, such as the COVID-19 outbreak. By ensuring against these unforeseen events, … Read more
An insurer is an organization that provides insurance, while insurance is a contract between two parties, where one party (the insurer) agrees to pay for the other party’s (the insured’s) losses in exchange for a payment (the premium). The insurer assumes the risk of the insured’s loss, and the insured pays the premium in exchange … Read more