Prof. Allan Manning

JANUARY 29, 2025

Last week I posted an article in regard to terrorism coverage under commercial property, and/or business interruption policies. I also touched on commercial liability coverage. This is where the wording has a Defined Events cover and sometimes an Option for Accidental Damage. ” [ emphasis mine] 1. .

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Policy Business Interruption Commercial Risk 208

The Property Insurance Law Observer

MAY 12, 2025

2025), the Ninth Circuit Court of Appeals affirmed the district courts determination that the period of restoration tied to water damage at the insureds commercial property was the theoretical period when repairs should have been completed with reasonable speed, not the actual period of repairs thwarted by extraneous delays.

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Commercial Property Damage Insurance Claim Claim 100

Bankers Insurance

AUGUST 8, 2024

THE IMPORTANCE OF ACCURATE VALUATION IN COMMERCIAL PROPERTY INSURANCE When purchasing or renewing commercial property insurance , it’s important for businesses to ensure their coverage includes correct property valuations. Replacement value — This is an estimate of the current cost to replace or rebuild a property.

Commercial Property 59

Commercial Property Property Insurance Commercial Out-Of-Pocket 59

The Property Insurance Law Observer

AUGUST 22, 2024

2024), the District Court of Massachusetts found that “collapse” provisions within a commercial property policy were ambiguous where a floor merely sagged without completely falling to the ground. Even though the floor had partially detached from the property’s exterior wall, it remained standing. In Life Skills, Inc.

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Building Commercial Property Damage Policy 130

Jackson & Jackson

APRIL 26, 2024

Investing in commercial property in California can be a lucrative venture, but it also comes with its unique set of risks and responsibilities. One of the most crucial aspects to consider is commercial property insurance. This is crucial if someone is injured on your property.

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Commercial Property Property Insurance Commercial Business Interruption 52

Jackson & Jackson

APRIL 30, 2024

This article explores how various location-based factors affect commercial property insurance rates in California and offers insights for managing these costs effectively. Understanding Location-Based Risk Factors Location plays a pivotal role in determining insurance premiums for commercial properties.

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The Property Insurance Law Observer

AUGUST 1, 2024

23, 2024), the Supreme Judicial Court of Massachusetts held that the term “surface waters,” as used in a limitation contained in commercial property insurance policies, was ambiguous in the context of rainwater accumulating on roofs, thereby finding coverage for the insured.

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Commercial Property Damage Policy Commercial 130

Protect Commercial Insurance

OCTOBER 11, 2024

Introduction Climate change isn’t just an environmental buzzword; it’s rapidly becoming a pivotal factor in the world of insurance, especially for commercial properties. As our climate continues to evolve, we’re seeing significant impacts on buildings and the businesses that inhabit them.

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Commercial Property Commercial Insurance Policy Policy 52

Mark Jackson Insurance Agency

MARCH 19, 2025

Brick commercial office building by Binyamin Mellish Expanding your business to a new location is an exciting step toward growth, but it also introduces new risks. From property protection to liability coverage, ensuring your business insurance policies align with your expansion is critical.

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Workers Compensation Liability Inland Marine Insurance Property Damage 52

Property Insurance Centre

SEPTEMBER 25, 2024

Top Building Insurance Pitfalls Here are some common pitfalls to avoid when getting building insurance in the UK: – Underinsuring. Insure your building at the amount that it will cost to rebuild it and not at the current market value when securing block of flats insurance. – Not considering inflation.

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Distinguished

MAY 19, 2025

Key benefits include: Property Coverage BOPs includes commercial property coverage, protecting business personal property and building structures against covered losses like fire, theft, or vandalism. A critical component of property insurance for restaurants is business income coverage.

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Policy Business Owners Policy General Liability Liability 40

Protect Commercial Insurance

JANUARY 10, 2025

These partnerships not only broaden your client base but also offer a seamless solution to meet customer needs across various policy areas, such as commercial property. Enhancing Commercial Property Offerings One major sector that benefits from robust referral partnerships is commercial property insurance.

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Building Broker Commercial Property Commercial 52

Paragon Independent Insurance Agencies

FEBRUARY 28, 2025

Beyond vehicle coverage, you may also need general liability insurance, which protects against third-party claims for injuries or property damage during business operations. If you own a physical location, commercial property insurance can help protect your building, inventory, and equipment from fire, theft, or natural disasters.

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Commercial Insurance Commercial Insurance Agency General Liability 40

Property Insurance Centre

FEBRUARY 24, 2025

From financial losses to reputational damage, legal battles, and even the risk of shutting down, the impact can be severe. Damage to Reputation and Customer Trust A liability claim can do more than drain your financesit can destroy your reputation.

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Liability Protection Claim Property Insurance 52

American Agents Alliance

APRIL 3, 2025

The Relationship Between Tariffs and Insurance Costs Rising tariffs could impact many different lines of business, but some experts have narrowed their focus to the effects on homeowners and auto (both personal and commercial). This could cause higher rates in commercial property and homeowners lines.

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Agents Policyholder Premium Auto Insurance 52

Property Insurance Centre

MARCH 11, 2025

Greater Risk of Fire and Cladding Issues Following Grenfell Tower , insurers are more cautious about buildings with cladding, especially in London, where many high-rises have fire safety concerns. Unoccupied flats pose risks like water damage and squatting, which insurers consider when pricing policies.

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Risk Insurance Insurer Insured 52

Jackson & Jackson

MAY 22, 2024

Multi-unit commercial properties in California offer investors the potential for significant returns. Investors must understand the importance of securing comprehensive commercial property insurance coverage to protect their investments. It covers property damage, loss of income, liability claims, etc.

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Property Insurance Commercial Property Commercial Insurance 52

Property Insurance Centre

JUNE 5, 2025

Standard Perils can include cover for Fire, Lightning, earthquakes, Aircraft, Explosion, Theft, Malicious Damage, Storm, Flood, Riot, Civil Commotion, Escape of Water, Impact (by falling trees, vehicles or animals), Subsidence, Landslip or Heave. This will mean you are insured for what insurers determine is a sudden or unforeseen event.

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Insurance Insurer Insured Policy 52

Property Insurance Centre

MAY 2, 2025

Loss of stock by theft or an accident such as a burst pipe can cause a business thousands of pounds in damage. Stock: For a retailer, making sure the stock is covered correctly is essential. Insuring your stock for the correct amount will give the ultimate peace of mind.

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Insurance Insurer Insured Policy 52

Property Insurance Centre

JANUARY 16, 2025

Get a Quote Insurance under one roof We are specialists in many types of insurance GET YOUR QUOTE GET YOUR QUOTE The Growing Need for Commercial Flood Insurance Flooding is the most common natural disaster in the UK, with 5.2 million properties at risk, according to the Environment Agency.

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Commercial Commercial Property Business Interruption Insurance 52

Property Insurance Centre

JANUARY 4, 2024

Outdated property valuations result in underinsured properties. Weather Conditions and Natural Disasters Since 1980, there have been 360 weather- and climate-related natural catastrophes , resulting in damages and costs of over $2.57 Insureds are facing substantial property losses, leading to increased financial burdens.

Property Insurance 52

Property Insurance Commercial Property Liability Premium 52

Property Insurance Centre

MAY 20, 2024

Importance of Accurate Declared Value It is vital that the block management company ensures the flats are insured for the correct rebuilding cost , as this value can increase each year depending on rising costs of materials and labour, as well as new building regulations. damage caused by a leak). This can apply to a total loss (e.g.

Building 52

Building Liability Insurance Insurer 52

Cover4LetProperty

JUNE 1, 2025

Without this cover, the property and its contents remain at considerable risk of loss or damage, the income stream on which you have come to rely might suddenly become disrupted, or you might face financially crippling claims for damages if someone else is injured or has their own property damaged.

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Damage Out-Of-Pocket Insurance Insurer 45

Zywave

NOVEMBER 20, 2024

Now is the time to build a winning strategy to secure success. Commercial Lines Trends Cyber: AI continues to be top of mind for those in the cyber market. Commercial Property: Extreme weather events continue to lead to extreme property damage. All of these factors contribute to ongoing rate increases.

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Workers Comp Commercial Property Cyber Commercial 52

Property Insurance Centre

SEPTEMBER 11, 2024

Although some Purpose Built Flats Insurance policies will provide some cover to machinery and plant for material damage cover, they will not provide any assistance should the lift break down. Breakdown – Damage to any item of Plant caused by its own Breakdown.

Insurance Policy 52

Insurance Policy Policy Boiler and Machinery Insurance 52

Protect Commercial Insurance

MAY 24, 2024

General Liability Insurance General liability insurance is a fundamental policy that covers your business against claims of bodily injury, property damage, and personal injury. Commercial Property Insurance While many businesses have property insurance, they often overlook the importance of commercial property insurance.

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Insurance Policy Protection Policy Business Interruption 52

Distinguished

SEPTEMBER 25, 2024

Whether it’s a construction project for a single-family home , a mixed-use building , or a commercial property, Distinguished’s Builder’s Risk Program has got it covered. Vandalism : Intentional damage to the job site by third parties, including things like broken glass or graffiti.

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Risk Broker-Agent Insurance Insurer 52

Property Insurance Centre

DECEMBER 23, 2024

Being a Commercial Property Owner or Business Owner you will be aware there will be certain conditions within your insurance policy with regard to the Security at the premises. What this lock simply does, is improve the physical security of your property straight away. Do I have the right lock for my insurance ?

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Commercial Property Commercial Insurance Insurer 52

Distinguished

SEPTEMBER 10, 2024

This includes projects that involve: Betterments Renovations New Construction We also insure a variety of building types, including single-family homes , mixed-use buildings , and commercial properties. Distinguished’s Builder’s Risk program insures a variety of the most common construction projects.

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Risk General Liability Broker-Agent Insurance 52

Property Insurance Centre

OCTOBER 18, 2024

Recent data from 2023 and 2024 highlights the financial strain on insurers and property owners alike, driven by more severe storms, heavy rainfall, and unpredictable weather patterns. Rising Claims Due to Extreme Weather In 2023, UK insurers faced record-breaking claims from weather-related damage.

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Property Insurance Premium Insurance Insurer 52

Property Insurance Centre

JULY 21, 2024

Aspray, a leading property damage claims management company, can act on your behalf when you need to make a claim. Aspray’s repeat win is a reflection of their unwavering commitment to delivering top-notch service to their clients, ensuring that they receive the best possible outcome in times of property damage.

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Claim Property Damage Building Property Insurance 52

Cover4LetProperty

APRIL 16, 2024

They can range from individual property owners to those who own multiple rental properties as part of their investment portfolio. Corporate landlords: These are companies or organisations that own and manage rental properties on a larger scale. They may own residential properties, commercial properties, or a combination of both.

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Property Insurance Centre

NOVEMBER 11, 2024

Insurers, do not however, look on negatively when a customer claims for substantial damage when they need genuine help. Maintain your property regularly – A well maintained property will lead to less claims. It can be an extremely nuanced subject & question. Getting an alarm will often be a deterrent in the first instance.

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Insurance Insurer Insured Premium 52

Distinguished

AUGUST 26, 2024

Under-construction buildings can be prone to fire, vandalism, and theft, which can end up costing their backers and owners millions. Distinguished’s Builder’s Risk Program covers all kinds of buildings in Michigan, including single-family homes , mixed-use buildings , and commercial properties.

Risk 52

Risk Broker-Agent Insurance Insurer 52

Property Insurance Centre

JANUARY 30, 2024

That’s why it’s essential to choose a specialised block of flats insurance policy that covers the specific needs of your property. Block of flats insurance typically focuses on buildings insurance , which covers the physical structure of the property. Buildings insurance covers the physical structure of the property.

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Property Insurance Centre

AUGUST 8, 2024

However, if it goes more long term the insurers can at worst pull cover entirely leaving you to search the market for an alternative, or perhaps apply more stringent conditions and charge a rather large additional premium – usually refundable on a pro-rata basis, assuming you are able to let the property out again!

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Insurance Insurer Insured Premium 52

Property Insurance Centre

AUGUST 28, 2024

Some insurers may give cover to the likes of a Convenience Store for example, but will remove theft cover or malicious damage cover, without an adequate alarm system in place.

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