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ClaimBuddy

Insurance, Germany, Berlin

Revolutionizing insurance claims processing with cutting-edge technology and exceptional customer service.

About ClaimBuddy

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Basics

Type
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Founded
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Total Employees
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Employees on Linkedin
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Employees on OWCareers
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Main Office
Germany
Official Website
http://www.claimbuddy.de
Location Address Official Phone Email
Germany Germany, Berlin **** ****
LinkedIn https://linkedin.com/company/**** Get In Touch With Decision Makers
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Instagram https://instagram.com/**** Get In Touch With Decision Makers
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FAQs – ClaimBuddy

Is the insured liable for damages if they have liability insurance?

Liability insurance covers the insured against claims from third parties for bodily injury or property damage. If the insured is found legally responsible, the insurer will cover damages up to the policy limits. However, the insured may still be liable for amounts exceeding the coverage.


How does an insurance policy renewal process work?

Insurance policy renewal is the process of continuing coverage after the policy term ends. The insurer typically sends a renewal notice, and the policyholder can choose to renew the policy, often with an updated premium amount or policy terms. Renewals might involve adjustments based on changes in risk factors, claims history, or updated underwriting practices. It’s essential to review your policy during renewal to ensure it still meets your needs.


What types of insurance policies include subrogation?

Subrogation is common in auto, health, property, and workers’ compensation insurance when another party is liable for the damages.


What happens if I don’t have Public Liability Insurance?

Without Public Liability Insurance, you are personally responsible for covering any claims made against your business. This could lead to significant financial losses, legal battles, and potential business closure if you cannot afford compensation costs.


How can a policyholder maximize the benefits of a universal life policy?

Maximizing benefits involves maintaining sufficient cash value, making timely premium payments, adjusting coverage as needed, and using tax advantages for financial planning and wealth transfer.


Can the policyholder and insured person be different?

Yes, a policyholder can purchase a policy covering someone else, such as a parent buying health insurance for their child.


Can captives insure third-party risks?

Some captive insurance companies extend coverage to third parties, such as customers, suppliers, or contractors. This is common in industries like healthcare and warranty insurance, where captives insure risks related to products, services, or extended warranties offered by the parent company.


What steps can businesses take to prevent workers' compensation fraud?

Businesses can use surveillance, conduct medical reviews, verify injury reports, and implement workplace safety programs to minimize fraudulent workers’ compensation claims.


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