These days we receive spam phone calls, some true and some from scam artist or in other layman terms, ‘Fraud’ or fraudulent calls. Although not commonly termed, fraudulence has been encountered and labelled by many differently; some say ‘being dodged’ and more. Many have come across a period where this has happened or taken place at some point in life.
At most times, we find that it is the bank’s doors that people often go and knock as a way of rescue. Out of all the policies offered by the bank, the most important one is the commercial general liability insurance coverage which covers the one’s affected by the insured. The policy is usually a process or a procedure between the insured and insured concerning those who are employed or can be covered and more. These generally include reputational harm, property damage, medical payments and more that come under this policy.
The bank carefully drafts out the guidelines, terms and conditions so that there are no loopholes that can affect anyone. This takes time for us to understand and appreciate what we do not normally do.
Bank officers are also ordinary people.
The bank does have numerous terms and conditions that govern its policies as guidelines or safety precautions. We see that sometimes it takes ages when we get to understand what each term and condition covers and what it means. Many businesses and organization do seek the help of the bank to provide a surety in case of loss. This is often referred to as a ‘third party coverage’ known as ‘commercial general liability insurance, which encourages small businesses to stay strong.
At the end of the day, insurance officers have the difficult job of scrutinizing each claim to all possibilities of its’ coverage; they have the difficult job of respectively either saying ‘yes’ or ‘no’ to a person with the claim. We sometimes forget that even they have a job to do, as ordinary as everyone else. They also have to answer their higher officials and should learn to be respected as human beings as well.