The Property Insurance Law Observer

SEPTEMBER 23, 2024

American Guarantee and Liability Insurance Company , the United States District Court for the District of Massachusetts held that a loose bolt or fitting that could be remedied simply by tightening it did not constitute “direct physical loss of or damage” to equipment covered under an all-risk property insurance policy. [1]

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Tosten Marketing

FEBRUARY 27, 2025

However, if poor maintenance caused the roof’s condition, your insurer might deny the claim. Data from Chubb shows that the average loss from a commercial water damage claim reached approximately $89,000 in 2019. Businesses in flood-prone areas need separate flood insurance.

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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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Protect Commercial Insurance

MAY 9, 2025

Introduction Hello, savvy UK business owners! Owning a retail shop or salon can be a thrilling venture, but it also comes with its fair share of risks. From unforeseen damage to potential customer mishaps, there’s a lot to consider to keep your business running smoothly.

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Protect Commercial Insurance

APRIL 11, 2025

For UK business owners, the rapid pace of commerce and unpredictable weather patterns make this type of insurance a wise investment. Having coverage structured according to your specific needs and risks is not just a precautionit’s a powerful business strategy. Not every potential risk is covered under a standard policy.

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Property Insurance Centre

FEBRUARY 10, 2025

#Video Common Perils Covered by Commercial Property Insurance Most commercial property insurance policies cover a broad range of risks, often referred to as “named perils.” Some policies, however, offer “all-risk” coverage, which protects against all perils except those specifically excluded.

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Commercial Property Property Insurance Commercial Boiler and Machinery 52

Distinguished

FEBRUARY 24, 2025

In this guide, well break down how Distinguisheds restaurant insurance addresses the specific risks faced by Charlottes restaurant owners. From understanding local exposures to leveraging tailored package policies, youll gain the insider knowledge needed to win your clients trust and business.

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Risk Management Monitor

AUGUST 30, 2021

Ida has now weakened to a tropical storm and will continue to cut through the south before making its way across much of the East Coast, bringing significant risks of wind, rain and inland flooding throughout this week. Be sure to assess your risk and execute the appropriate steps to protect your business, property and employees.

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Prof. Allan Manning

FEBRUARY 28, 2024

In the claims we are handling we are seeing more and more that the Indemnity Period runs out before the business returns to normal. A good way to determine a realistic Indmenity Period is to run through a risk analysis as part of a business continuity mangement plan. Often for the most ridiculous of reasons.

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Prof. Allan Manning

APRIL 7, 2024

The 2024 Mansfield Awards for Claims Excellence are just over 3 months away and we could really do with your help with ensuring the best of the best win. If you have had a claim yourself or are an adviser who has had a client or clients have a claim, we would really appreciate your taking a few minutes to rate the claims service.

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Triple-I: Business Insurance

APRIL 24, 2023

In a recent interview with Triple-I CEO Sean Kevelighan, Harger discussed the importance of preparing for and preventing damage from this risk, which is second only to flooding when it comes to costly weather events. Nearly $1 billion in lightning claims was paid out in 2018 to almost 78,000 policy holders, according to LPI.

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ProWriters

OCTOBER 2, 2024

Helping your clients understand cyber risks and Cyber Insurance policy jargon can be challenging. Ransomware Cyber Attack Showing Personal Files Encrypted Screen Every organization has unique risks and exposures, and there is no single solution for Cyber Insurance. Any business connected to a digital network risks costly cyber attacks.

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Protect Commercial Insurance

MAY 24, 2024

As a business owner, it’s crucial to protect your business from potential risks and liabilities. In this article, we will explore five often overlooked insurance policies that can provide valuable coverage for your business.

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Risk Management Monitor

JUNE 13, 2023

Normal 0 false false false EN-US X-NONE X-NONE Normal 0 false false false EN-US X-NONE X-NONE As the hurricane season gets underway, the following tips can help businesses update and strengthen natural disaster recovery plans: Review your business interruption insurance. Update your current disaster recovery plan.

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Paragon Independent Insurance Agencies

MAY 27, 2024

Commercial insurance is vital for protecting business property, assets, and operations from various risks and liabilities around Plano, TX. Commercial Insurance Information Commercial insurance consists of policies to safeguard businesses when financial losses are inevitable.

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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. It provides coverage for physical damage to your property and any loss of income due to business interruption.

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Jackson & Jackson

APRIL 10, 2024

It protects you from claims arising from accidents or injuries on your property. Business Interruption Insurance Unexpected events can disrupt your operations, leading to significant financial loss. Understanding the Claims Process Before signing up for any insurance policy, understand the claims process.

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Jackson & Jackson

APRIL 28, 2024

However, in the event of a claim, this can lead to substantial out-of-pocket expenses due to insufficient coverage limits. Specialized risks, such as floods, earthquakes, and business interruptions, require additional coverage, which many investors should pay more attention to.

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Business Interruption Out-Of-Pocket Expense Out-Of-Pocket Broker-Agent 52

LexisNexis

AUGUST 27, 2024

Learn about the steps businesses should take to recover on the business interruption, including contract and indemnity claims, caused by this software failure. Cybersecurity Insurance Analyze types of risk to an enterprise that may be covered by cybersecurity insurance.

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Paragon Independent Insurance Agencies

NOVEMBER 15, 2024

It covers legal expenses and damages related to accidents, injuries, or negligence claims on your business premises. The Importance of Property Insurance Property insurance covers your business’s physical assets, such as buildings, equipment, and inventory.

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Business Insurance Business Interruption Professional Liability Insurance General Liability 40

American Agents Alliance

MAY 6, 2025

Ways Agents Can Help Policyholders Manage Catastrophic Weather Events Here are some ways that agents can proactively help homeowners and business owners prepare for and mitigate the impacts of severe storms: Review coverage for catastrophic weather events proactively. Develop relationships with local risk management experts.

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InsuredMine

OCTOBER 25, 2024

The global protection gap—a measure of uninsured risk—looms large, projected to reach $1.86 This figure is more than just a number; it represents real people and businesses at risk of financial ruin. The appeal lies in their transparency and rapid claims settlement, eliminating the need for lengthy claims assessment processes.

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Risk Insurance Industry Business Interruption Claim 59

Protect Commercial Insurance

NOVEMBER 15, 2024

Designed to protect your business from unforeseen risks, commercial insurance can offer the peace of mind you need to focus on what truly matters—growing your business and serving your clients. It stands as a vital component in an organisation’s risk management arsenal during both stable and unstable times.

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Protect Commercial Insurance

JULY 26, 2024

Welcome to our blog post on how to maximise your business growth by securing the right commercial tailors insurance. As a tailor, it is crucial to protect your business from potential risks and liabilities. As a tailor, you face unique risks that require specific coverage. It covers legal fees, settlements, and judgments.

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Mark Jackson Insurance Agency

NOVEMBER 22, 2024

While your business may only operate for part of the year, risks like property damage, liability claims, or equipment theft don’t follow a calendar. Having the right insurance policies in place ensures your business is protected even during the offseason. Start by evaluating your specific risks.

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Property Insurance Centre

JANUARY 16, 2025

Understanding Commercial Flood Insurance in the United Kingdom Flooding has become an increasingly significant risk for businesses across the United Kingdom as climate change intensifies weather extremes. million properties at risk, according to the Environment Agency.

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Protect Commercial Insurance

NOVEMBER 22, 2024

Myth 1: “Commercial Insurance is Too Expensive” Image courtesy: Unsplash Understanding the Costs Many businesses fear that commercial insurance will break the bank, but this myth needs debunking. Without insurance, your business could face catastrophic financial loss from property damage, theft, or a lawsuit.

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Commercial Insurance Commercial Cyber Insured 52

Mark Jackson Insurance Agency

MAY 21, 2024

Traditional home insurance policies often fall short of covering the unique risks associated with running a business from home. Here are some critical insurance considerations every home-based business owner should evaluate.

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Liability Business Interruption Professional Liability Insurance Home Insurance 52

Protect Commercial Insurance

NOVEMBER 8, 2024

Understanding Commercial Insurance Commercial insurance is an essential part of safeguarding your business against unforeseen events that could lead to financial loss. It provides protection against a plethora of risks, including property damage, liability claims, theft, and even employee injuries.

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Protect Commercial Insurance

OCTOBER 25, 2024

This approach ensures that you choose a policy that doesn’t just tick boxes but genuinely covers your specific risks and requirements. What are the specific risks associated with your industry? Every industry comes with its own set of risks. Once you’ve outlined the risks, the next step is determining how much coverage you need.

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Risk Management Monitor

JUNE 9, 2023

How do we manage the risk? For businesses, take this as a reminder to examine how your organization will handle fallout from wildfires, for example, reviewing your property insurance, business interruption coverage, disaster recovery plans or emergency communications procedures.

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ProWriters

NOVEMBER 17, 2024

Sony Ransomware Hacks In September 2023, a ransomware gang claimed to have compromised all systems of the Sony Corporation. Policies can help cover the costs of ransom payments, data recovery, business interruptions, and more. For expert insights about mitigating the risk ransomware attacks pose, watch our webinar.

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Protect Commercial Insurance

DECEMBER 6, 2024

Early Developments in Business Coverage Long before modern commercial insurance, businesses faced the daunting task of safeguarding their assets against unforeseen calamities. The notion of business coverage can be traced back to medieval times, when the shipping industry first implemented rudimentary forms of risk management.

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Jackson & Jackson

MAY 22, 2024

However, with great opportunities come great risks. “Understanding Multi-Family Property Insurance” Commercial property insurance is a vital safeguard for property owners, protecting their assets against various risks. . It covers property damage, loss of income, liability claims, etc.

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Cowbell

OCTOBER 11, 2024

Cybercriminals will often target small businesses that may be scrambling to resume operations and are less likely to be vigilant about cybersecurity in the wake of a disaster. This can add another layer of complexity while trying to limit business interruption.

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ProWriters

JUNE 4, 2025

Indeed, earlier in 2024, the ShinyHunters threat actor group claimed responsibility for breaching Ticketmaster. 7 Ways Cyber Insurance Helps Ticketing Platforms and Your Clients Your clients may not be in the ticketing business. Cyber Insurance can help cover lost income, including income lost due to business interruption and downtime.

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Cyber Liability Insurance Liability Insured 52

Jackson & Jackson

MAY 23, 2024

Small business insurance covers property damage, liability claims, and employee-related risks. It acts as a safety net, protecting your business from unexpected events that can cause financial hardship. When selecting insurance coverage, assessing your business’s specific needs is essential.

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