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AJB Insurance Solutions

Insurance, Australia, New South Wales, Sydney

AJB Insurance Solutions provides comprehensive insurance solutions with a focus on risk management, ensuring peace of mind for businesses of all sizes.

About AJB Insurance Solutions

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Basics

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Founded
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Total Employees
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Employees on Linkedin
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Main Office
Australia, New South Wales, Sydney
Official Website
http://www.ajbinsurance.com.au
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FAQs – AJB Insurance Solutions

What are some examples of on-demand insurance providers?

Some well-known on-demand insurance providers include Lemonade, Trov, Metromile, and Cuvva. These companies offer various coverage options such as home, auto, travel, and gadget insurance that can be activated instantly.


What is "underwriting profit"?

Underwriting profit refers to the difference between the premiums collected by an insurance company and the claims paid out, plus any operational costs. If the insurer collects more in premiums than it pays out in claims, it generates an underwriting profit.


How much liability coverage does my business need?

Coverage needs depend on industry risks, business size, customer interactions, and contractual requirements from landlords or clients.


What is medical underwriting in health insurance?

Medical underwriting is the process of evaluating an applicant’s health status, medical history, and lifestyle to determine eligibility and premium rates. It may involve reviewing medical records, conducting exams, and analyzing pre-existing conditions. Some policies, like the Affordable Care Act (ACA) plans, do not require medical underwriting.


Do policyholders need to apply for guaranty fund protection?

No, protection is automatic. If an insurer fails, the state guaranty association identifies eligible policyholders and contacts them regarding claim payments or policy transfers.


Do gig workers qualify for workers’ compensation?

Generally, no. Independent contractors aren’t covered by employer-provided workers’ compensation and must seek personal injury or disability insurance instead.


What is the NAIC’s role in cybersecurity and data protection?

The NAIC develops cybersecurity regulations and best practices to protect consumers’ personal data. It provides guidelines for insurers to secure policyholder information and comply with state and federal data protection laws.


How does pet accident insurance work?

You pay a monthly premium, and when your pet has an accident, you submit a claim for reimbursement after paying the vet bill out-of-pocket.


Comprehensive Market Research

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