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Insurance in the United States refers to the market for risk in the United States, the world's largest insurance market by premium volume. [1] According to Swiss Re, of the $6.782 trillion of global direct premiums written worldwide in 2022, $2.959 trillion (43.6%) were written in the United States.
Proper insurance coverage protects your small business from unexpected circumstances and costs. Yet, according to the 2023 Hiscox Underinsurance Report, 75% of small businesses in the U.S. don’t ...
Insurance companies have high administrative costs. [148] [149] Health insurance companies are not actually providing traditional insurance, which involves the pooling of risk, because the vast majority of purchasers actually do face the harms that they are "insuring" against.
To get the best price, work with an independent insurance agent. Independent agents can sell you policies from competing insurers, making comparing policy quotes easier for your business.
General liability insurance. This insurance policy steps in if you find yourself in legal trouble. If someone sues you — say they slip and fall at your business or accuse you of slandering them ...
Inability to afford insurance was the primary reason cited by persons without coverage (46%). [12] Lack of health insurance is associated with increased mortality, in the range 30-90 thousand deaths per year, depending on the study.
South-Eastern Underwriters Association that the federal government could regulate insurance companies under the authority of the Commerce Clause in the U.S. Constitution and that the federal antitrust laws applied to the insurance industry. The Act was sponsored by Senators Pat McCarran (D-Nev.) and Homer Ferguson (R-Mich.
However, it doesn’t cover damage to your own vehicle — you’ll need collision insurance for that. Bodily injury liability. This coverage helps pay the other person's medical bills when you're ...