What Is a Certificate of Insurance (COI)? When You Need One

What Is a Certificate of Insurance (COI)? A certificate of insurance (COI) is a document issued by an insurance company or broker. The COI verifies the existence of an insurance policy and...

What Is a Captive Insurance Company?

What Is a Captive Insurance Company? A captive insurance company is a wholly-owned subsidiary insurer formed to provide risk mitigation services for its parent company or related entities....

Life Insurance: What It Is, How It Works, and How To Buy a Policy

What Is Life Insurance? Understanding how life insurance works and how to shop for a policy can help you find the best coverage to meet your family's needs. Life insurance is a contract...

Health Insurance: Definition, How It Works

Check an insurance company's rules before you buy their insurance.13 What Are Copays, Deductibles, and Coinsurance? Most health insurance plans require their customers to pick up some of...

What Is Crypto Insurance?

Learn more about this emerging type of insurance and what it does or doesn't do for commercial and retail cryptocurrency users and investors. Key Takeaways Cryptocurrency's popularity has...

What Is Errors and Omissions Insurance?

Some businesses may need E&O insurance to get or renew a professional license or to comply with the terms of a client contract.3 What E&O Insurance Doesn’t Cover Many E&O policies exclude...

Liability Insurance: What It Is, How It Works, Major Types

What Is Umbrella Insurance? An umbrella insurance policy is additional liability insurance coverage that is purchased and goes beyond the dollar limits of the insured's existing homeowners...

Business Interruption Insurance: What it Covers, What it Does Not

Business interruption insurance is not sold as a separate policy but a rider added to an existing insurance policy. What Business Interruption Insurance Does Not Cover According to the...

Subrogation in Insurance: What it Is and Why It's Important

The insured benefits when the at-fault party makes payment during subrogation to the insurer, which helps keep the policyholder's insurance rates low. What is a Waiver of Subrogation? A...

What Is Full Coverage Car Insurance?

Key Takeaways: ; Full coverage car insurance is protection that includes collision, comprehensive, and liability coverage. ; Often, you can supplement your insurance with uninsured motorist coverage, personal injury protection, medical payments, gap insurance, and other coverage options. ; Full coverage typically costs more than minimum liability insurance; however, it may benefit drivers who want to avoid expensive out-of-pocket vehicle repairs.