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Get in-depth market research for Insurance companies in Canada, Quebec, Montreal. Our experts analyze trends, gather valuable insights, and identify key opportunities to drive your business growth.
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Most insurance policies exclude acts of terrorism. However, businesses can purchase terrorism insurance separately. Homeowners may need to check with their insurer to see if terrorism coverage is included or available as an add-on.
On-demand insurance is more flexible and short-term compared to traditional insurance, which typically involves long-term commitments and fixed coverage terms. On-demand policies are customizable and can be paused or canceled.
In construction contracts, indemnity clauses protect parties from financial losses due to negligence, property damage, or legal claims. Contractors, subcontractors, and property owners use indemnity provisions to allocate responsibility for accidents, defects, and liabilities arising during construction projects.
If your employer pays the premiums, benefits are taxable. If you pay for the policy with after-tax dollars, benefits are generally tax-free. Consult a tax professional for specifics.
Yes, policyholders can take loans against the cash value, but unpaid loans may reduce the death benefit or cause the policy to lapse if not repaid.
Yes, personal liability insurance is available for individuals. It covers incidents where you are legally responsible for injury or damage caused to others, such as accidents in your home or while engaging in certain activities.
Insurtech startups are introducing new business models, leveraging AI, blockchain, and big data to disrupt traditional insurance processes, making coverage more accessible, affordable, and personalized.
The NAIC itself does not have legal authority, but its guidelines influence state laws, which are enforced by state insurance regulators.
Get in-depth market research for Insurance companies in Canada, Quebec, Montreal. Our experts analyze trends, gather valuable insights, and identify key opportunities to drive your business growth.