Remove Claim Remove Crime Remove Financial Loss
article thumbnail

The Importance of Commercial Property Insurance for UK Small Businesses

Protect Commercial Insurance

Definition and Scope Commercial property insurance is a policy designed to protect businesses from financial losses related to damage or destruction of their physical assets. Other risks include theft, vandalism, or even fire hazards that could disrupt your business and lead to financial losses.

article thumbnail

Insurance for Apartment Building Owners: Protecting Your Client’s Investments With the Right Coverage

Distinguished

And with rising property values, more frequent catastrophic weather events, and emerging risks like habitability claims, its never been more critical to help your clients navigate their insurance options. Without the right coverage, property owners could be exposed to significant financial and legal risks.

Insiders

Sign Up for our Newsletter

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

article thumbnail

The Ultimate Guide to Office Insurance: Protecting Your Business Assets

Protect Commercial Insurance

– Public Liability Insurance : Protects against claims made by third parties for injuries or damages occurring on your office premises. It covers compensation claims from employees in case of workplace injuries or illnesses. – Theft : Covers losses from burglary or robbery, extending to both physical and digital theft.

article thumbnail

Landlord Insurance in Ohio: Get a Quote from Distinguished

Distinguished

For Ohio landlords, these aren’t one-off anomalies — they’re routine claims that happen across Cleveland, Columbus, and Cincinnati every year. Harsh winters, severe storms, aging infrastructure, and liability claims can all turn a profitable property into a financial setback without proper insurance.

article thumbnail

Landlord Insurance in Chicago, Illinois: Everything Brokers and Property Owners Need to Know

Distinguished

However, with opportunity comes risk: property damage, liability claims, and unexpected financial losses can quickly turn a profitable investment into a costly liability. General liability: Protects against tenant or visitor injuries, legal claims, and medical expenses. In Chicago alone, more than 2.7

article thumbnail

How Does BEC Lead to Payment Fraud? And What Can Businesses Do About it?

Cowbell

Common tactics include: Invoice Fraud : Sending fake invoices with altered bank details, claiming a vendor changed their payment account. Real-World Impact Financial Losses : The FBI’s 2023 Internet Crime Report noted $2.9 Fraudulent Payment Requests : Posing as a trusted party (e.g.,

article thumbnail

Landlord Insurance in Colorado: Coverages, Costs, and Benefits

Distinguished

Hailstorms , winter storms, and tenant-related liabilities can lead to significant financial losses if landlords are not properly insured. Without the right safeguards in place, landlords could face significant financial losses from damages, legal claims, or lost rental income.