Discover how hourly clauses in reinsurance limit coverage by timeframe, benefit reinsurers, and see real-world examples of their application in catastrophe insurance.

A renewable term is an insurance clause that allows the beneficiary to extend the coverage term for an additional time period without having to re-qualify.

Regardless of size or industry, businesses usually have contracts. Contracts help parties document their expectations, rights and responsibilities, helping ensure that business moves forward as ...

Just like many relationships, not all parts of a contract become things of the past when they expire or terminate. One way to ensure that a contractual right or duty applies post-termination is to ...

GM is introducing a crucial change to its supplier purchasing agreements, granting itself significantly expanded control over the contract terms and renewals. Per a report from Crain’s Detroit ...

Commercial real estate contracts set the stage for every property transaction, defining who is responsible for what and how each step unfolds. Every clause, deadline, and condition matters because ...