Remove Business Insurance Remove Premium Remove Risk
article thumbnail

Mistakes in setting sums insured / declared value where the Insured elects an Indemnity Period of less than 12 months.

Prof. Allan Manning

I recall the very first business interruption claim I did was for a risk in Toowoomba and to my horror found that the Insured had only declared 3 months insurable gross profit with a 3-month Indemnity Period. Where a client, sought to insure for less than 12 months they would offer a discount on the premium rate.

article thumbnail

Why Your Home Insurance Premium Increased by 20% – Even If Only Your Neighbor’s House Burned Down 

Agency Height

Insureds Why Your Home Insurance Premium Increased by 20% – Even If Only Your Neighbor’s House Burned Down Get quotes from verified agents easily. Agency Height July 31, 2025 For Insureds Key Takeaways Insurance premiums are based on shared risk, not just your individual home. Sounds unfair?

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Shield your Business with our Protection

Shield Insurance Agency

Business insurance can be complex, and at Shield Insurance Agency, we are dedicated to helping you navigate and understand these complexities. Our team possesses the experience and knowledge to provide tailored advice and comprehensive guidance in risk assessment and loss prevention.

article thumbnail

Best Homeowners Insurance In Maryland To Cover Your Home

Simply Insurance

If youre looking for the cheapest homeowners insurance company in Maryland, look no further than Progressive. They offer various discounts, including multi-policy discounts, that can save you money on your premium. Floods from a high-risk area may even exceed the entire value of your home. Under Risk Rating 2.0:

article thumbnail

Common Commercial Insurance Mistakes (and How to Avoid Them)

Mark Jackson Insurance Agency

How to avoid it: Make sure your property is insured at replacement cost, not actual cash value. Choosing the Wrong Deductible It’s tempting to choose a higher deductible to lower your premium, but that can backfire in the event of a claim. Conduct regular reviews to update building, contents, and inventory limits.

article thumbnail

Business Owner’s Policy for Restaurants

Distinguished

Restaurant owners face a complex set of risks that can disrupt operations and threaten profitability. To stay resilient, restaurant owners need insurance that helps them recover quickly and mitigate financial losses when something goes wrong. What is a Business Owners Policy (BOP)?

article thumbnail

Crafting Compelling Content for Insurance Agency Websites

Neilson Marketing Services

Scenarios and pain points: Describing everyday risks and how your agency solves them makes your services more relevant to potential clients. Trust is a key factor in insurance sales, and content that tells a story, rather than just listing services, builds credibility and fosters client relationships.