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Global Risk Solutions

Insurance, United States, Florida, Miami

Global Risk Solutions is a leader in insurance claims management, offering expert services in property & casualty claims and catastrophe response.

About Global Risk Solutions

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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
United States of America, Florida state
Official Website
http://www.globalrisksolutions.com
Location Address Official Phone Email
United States of America, Florida state 1690 South Congress Avenue, Suite 200, Delray Beach, FL 33445 **** ****
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FAQs – Global Risk Solutions

What is an insurance deductible, and how does it work?

A deductible is the amount a policyholder must pay out-of-pocket before the insurer covers the remaining claim amount. Higher deductibles usually result in lower premiums, as the policyholder assumes more of the risk. Deductibles apply to various types of insurance, including health, auto, and property policies.


What does flood insurance cover?

Flood insurance covers damage to property and possessions caused by flooding, which isn’t typically covered by standard homeowner's insurance. It protects against losses from heavy rains, rising rivers, and other flooding events.


What is the difference between indemnity and non-indemnity insurance?

Indemnity insurance reimburses actual losses, while non-indemnity insurance (like life insurance) provides a fixed sum regardless of expenses incurred.


How much does liability insurance cost?

The cost of liability insurance varies based on factors like business type, coverage limits, location, and risk level. Small businesses may pay a few hundred dollars per year, while larger businesses may pay thousands.


How does private health insurance differ from public health insurance?

Private health insurance provides more choice and faster access to healthcare services, while public health insurance is typically government-funded and offers more limited services. Private plans may include additional benefits, such as dental and vision care, and often offer shorter waiting times for treatments. Public insurance is generally more affordable but can involve longer wait times and limited coverage.


Do insurance premiums increase over time?

Insurance premiums can increase due to inflation, claims history, policy changes, higher risks, or changes in government regulations affecting insurers.


Should I choose a policy with cash value or term life insurance?

If you need lifetime coverage and a savings component, cash value policies may be beneficial. However, if you only need temporary coverage at a lower cost, term life insurance may be a better option.


How are the top insurance companies ranked?

Insurance companies are ranked based on revenue, market value, total assets, customer base, and financial stability as measured by agencies like AM Best, Moody’s, and S&P.


Comprehensive Market Research

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