Tosten Marketing

FEBRUARY 27, 2025

Many business owners find themselves surprised by what their policies do and don’t cover. Sudden and Accidental Water Damage Most commercial property insurance policies cover sudden and accidental water damage. If a sprinkler head malfunctions and soaks inventory or equipment, your policy should cover the losses.

Commercial Property 52

Commercial Property Property Insurance Damage Commercial 52

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]

Damage 130

Damage Business Interruption Property Damage Policy 130

Prof. Allan Manning

FEBRUARY 24, 2023

A number of pre loss services are also provided by the LMI Group, including Business Interruption Sum Insured Reviews, Policy Drafting, Insurance Program Reviews, Risk Surveys, and Risk Engineering Services along with Business Continuity Management Services, and Cyber Security Reviews.

Insurance Industry 130

Insurance Industry Business Interruption Claim Insured 130

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.

Workers Compensation 52

Workers Compensation Liability Inland Marine Insurance Property Damage 52

Property Insurance Centre

FEBRUARY 10, 2025

Lets break down the perils typically included in standard policies and additional coverages that businesses might consider. 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.”

Commercial Property 52

Commercial Property Property Insurance Commercial Boiler and Machinery 52

Protect Commercial Insurance

MAY 24, 2024

As a business owner, it’s crucial to protect your business from potential risks and liabilities. While you may have the basic insurance policies in place, such as property and general liability insurance, there are several other essential insurance policies that you might be overlooking.

Insurance Policy 52

Insurance Policy Protection Policy Business Interruption 52

Cowbell

MAY 29, 2025

Cowbell partners with Wizer to offer microlearning videos and phishing simulations for all policyholders at no additional cost during their first policy year. Setting a patch management policy will be crucial in helping your company be better protected from cyberattacks.

Cyber 59

Cyber Building Business Interruption Risk 59

American Agents Alliance

MAY 26, 2025

Becoming a trusted risk advisor is about more than just delivering quotes and writing policies. Indirect costs, such as business interruption losses, downtime, legal expenses, reputational damage, and others, can be even more expensive than the original loss. Educate policyholders about the hidden costs of risk.

Agents 52

Agents Risk Policyholder Broker-Agent 52

Protect Commercial Insurance

MAY 9, 2025

Lets dig into the key components that typically make up a robust retail shop insurance policy. Public Liability Insurance Public Liability Insurance is one of the cornerstones of a comprehensive retail insurance policy. Business Interruption Insurance Last but certainly not least is Business Interruption Insurance.

Liability Insurance 40

Liability Insurance Business Interruption Liability Insured 40

Protect Commercial Insurance

APRIL 11, 2025

Image courtesy: Unsplash Definition and Overview Commercial property insurance is a type of insurance designed to protect your business premises and the contents within from loss or damage. This type of policy covers a wide array of potential hazards, including fire, theft, vandalism, and certain natural disasters.

Commercial Property 52

Commercial Property Property Insurance Commercial Insured 52

Distinguished

FEBRUARY 24, 2025

From understanding local exposures to leveraging tailored package policies, youll gain the insider knowledge needed to win your clients trust and business. Food spoilage and contamination coverage: Compensates for losses due to spoiled inventory or business interruptions caused by foodborne illness.

Liability 52

Liability Liability Insurance Insured Insurer 52

Insurance Journal

SEPTEMBER 6, 2024

The owners of London’s ExCel conference center on Friday won an appeal brought by insurers, including Allianz, over pandemic-related losses, which its lawyers said could help thousands of other policyholders. London International Exhibition Centre Plc took legal action at London’s …

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Policyholder Insured Insurer Insurance 264

Insurance Journal

OCTOBER 1, 2024

CONYERS, Ga. (AP) AP) — Some residents east of Atlanta were evacuated while others were told to shelter in place Sunday to avoid contaminants from a chemical plant fire that sent a massive plume of dark smoke high into the sky …

Business Interruption 279

Business Interruption Policy Liability Insurance 279

Insurance Journal

DECEMBER 15, 2024

Courts across the country have overwhelmingly ruled in favor of insurance carriers in claims disputes following the government-ordered closures of businesses during the COVID-19 pandemic. The North Carolina Supreme Court last week bucked that trend, becoming just the second state …

Insurance Carrier 246

Insurance Carrier Claim Business Interruption Insurance 246

ProWriters

OCTOBER 2, 2024

As an insurance broker, you likely recognize that while these technologies drive business operations, they also increase vulnerability to cyber crime, making Cyber Insurance a necessity for your clients. Helping your clients understand cyber risks and Cyber Insurance policy jargon can be challenging. What Is a Cyber Insurance Broker?

Insurance Broker 86

Insurance Broker Cyber Broker Protection 86

Jackson & Jackson

APRIL 28, 2024

Ensure your policy covers replacement costs rather than actual cash value, as this accounts for the depreciation of your assets. Mistake 2: Overlooking Additional Necessary Coverages Standard property insurance policies do not cover everything. Think about business interruption insurance to protect your income stream during repairs.

Business Interruption 52

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

Paragon Independent Insurance Agencies

MAY 27, 2024

Commercial Insurance Information Commercial insurance consists of policies to safeguard businesses when financial losses are inevitable. These events may include property damage, liability claims from work-related injuries, break-ins, or business interruption. It is critical to understand how to determine what is covered.

Commercial Insurance 40

Commercial Insurance Commercial Protection Business Interruption 40

Jackson & Jackson

APRIL 10, 2024

Make sure to understand the specific perils covered by your policy, as not all natural disasters might be included. Business Interruption Insurance Unexpected events can disrupt your operations, leading to significant financial loss. Shop around and compare different policies to find the best coverage at a reasonable price.

Commercial Property 52

Commercial Property Commercial Business Interruption Out-Of-Pocket Expense 52

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. Insurance needs evolve as your business grows.

Business Interruption 52

Business Interruption Theft Liability Insured 52

Protect Commercial Insurance

JANUARY 21, 2021

FCA Test Case: Response of non-damage business interruption extensions to COVID-19 losses Supreme Court Decision: Update 19 January 2021 The Supreme Court judgment in the FCA Business Interruption Test Case was published on Friday 15 January 2021.

Business Interruption 52

Business Interruption Policyholder Claim Commercial 52

Cowbell

SEPTEMBER 23, 2024

Employees who believe that they are exempt from their organization’s security policies and bypass them. Protect Organizations need to protect their users and devices by enforcing security policies and securing their data. They are often targeted by attackers through social engineering or spear-phishing campaigns.

Cyber 104

Cyber Business Interruption Risk Protection 104

Prof. Allan Manning

FEBRUARY 28, 2024

With this background and as a follow up to yesterday’s post on the need for a review of sub-limits, I do urge everyone to carefully consider the length of the Indemnity Period on client’s policies. That is why we developed LMI ContinuityCoach.

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Claim Building Risk Policy 130

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. Do a dry run.

Business Interruption 40

Business Interruption Claim Risk Insurance Policy 40

Triple-I: Business Insurance

OCTOBER 1, 2024

Another way the insurance industry would be affected is from losses from coverage protecting against adverse business costs of events, such as strikes. These coverages include, but are not limited to, business interruption, political risk, credit, supply-chain insurance, and some marine and cargo.

Insurance Industry 52

Insurance Industry Business Interruption Commercial Property Commercial 52

Paragon Independent Insurance Agencies

NOVEMBER 15, 2024

It covers claims of negligence or mistakes in the services you provide, helping maintain your business’s reputation and financial stability. Why Business Interruption Insurance Matters Business interruption insurance is your safety net during unforeseen events that pause your operations.

Business Insurance 40

Business Insurance Business Interruption Professional Liability Insurance General Liability 40

Mark Jackson Insurance Agency

DECEMBER 16, 2024

Taking the time to review and update your policies now can save you from unexpected headaches and ensure your business is ready for whatever comes next. Why a Year-End Insurance Review Matters Business insurance isnt just about protection – its about peace of mind.

Business Insurance 52

Business Insurance Liability Cyber Business Interruption 52

Mark Jackson Insurance Agency

MAY 21, 2024

Home Office Desk by Ken Tomita The rise of home-based businesses has been one of the most significant shifts in the modern work landscape. While operating a business from home offers convenience and flexibility, it also necessitates careful consideration of insurance needs.

Liability 52

Liability Business Interruption Professional Liability Insurance Home Insurance 52

Protect Commercial Insurance

JULY 26, 2024

In this article, we will provide you with four essential tips to help you understand your coverage needs, find the best rates, review and update your policy regularly, and work with an experienced insurance broker. Insurers often provide discounts for bundling multiple policies, which can help you save on premiums. Let’s dive in!

Commercial 52

Commercial Insurance Broker General Liability Business Interruption 52

Paragon Independent Insurance Agencies

DECEMBER 16, 2024

Cyber liability insurance from Paragon Independent Insurance Agency can provide the safeguard you need to protect your investments, assets, and reputation where traditional insurance policies may fall short. Some cyber liability insurance policies also provide mitigation support when tackling negative publicity.

Commercial Property 40

Commercial Property Liability Insurance Cyber Liability 40

Protect Commercial Insurance

JUNE 27, 2024

Insurance policies such as property, liability, and professional indemnity can provide a crucial safety net, making it essential for businesses of all sizes. Thus, investing in the appropriate insurance policies ensures that small businesses can survive adverse events and maintain continuity.

Commercial Insurance 52

Commercial Insurance Commercial Cyber Business Interruption 52

Jackson & Jackson

APRIL 26, 2024

It provides coverage for physical damage to your property and any loss of income due to business interruption. Special considerations are needed for earthquake and flood coverage, as these are typically not included in standard policies.

Commercial Property 52

Commercial Property Property Insurance Commercial Business Interruption 52

Property Insurance Centre

JANUARY 16, 2025

Flood damage can include physical destruction of property, inventory loss, and business interruption costs, making insurance a vital component of risk management. Business Interruption: Compensation for lost income during downtime caused by flooding. Contents Coverage: Protection for stock, inventory, and furnishings.

Commercial 52

Commercial Commercial Property Insured Insurer 52

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. Understanding Economic Uncertainty In the ever-evolving world of business, economic uncertainty is a term that often pops up.

Commercial Insurance 52

Commercial Insurance Commercial Protection Business Interruption 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 Policies Review Checklist Discover key issues and risks that should be considered when reviewing a cybersecurity insurance policy.

Cyber 40

Cyber Business Interruption Insurance Policy Insurance Carrier 40

ProWriters

MAY 28, 2024

Read on for information you can use about cyber risks contractors face—as well as how a strong Cyber Insurance policy can help protect them. Business Interruption Exposure Business interruption coverage compensates contractors for the income they lose as a result of a cyber event.

Cyber 52

Cyber Business Interruption Insured Insurer 52

American Agents Alliance

MAY 6, 2025

Use renewal meetings and policy reviews as opportunities to raise awareness. Helping policyholders understand what their policies do and do not cover is a critical step. Consider hosting a webinar annually before the start of wildfire season, for example, to educate policyholders on risk mitigation, resources, and policy details.

Policyholder 52

Policyholder Agents Business Interruption Risk 52

Distinguished

OCTOBER 30, 2024

While Builder’s Risk policies for both types of projects offer similar coverage, such as insuring for damage to the structure from fire, theft, and other covered perils, there are important distinctions between residential and commercial coverage. We offer 3-, 6-, 9-, or 12-month policies, with extensions available upon review.

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Commercial Risk Broker-Agent Building 52