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Mastering Inland Marine Insurance: A Broker’s Guide

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Without inland marine coverage, these businesses would face significant financial losses that standard property insurance doesnt cover. Despite its name, inland marine insurance has nothing to do with boats. What is Inland Marine Insurance? Who Needs Inland Marine Insurance?

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Insurance Considerations When Expanding Your Business to a New Location

Mark Jackson Insurance Agency

Key policies to review and update include: Commercial Property Insurance to protect your new location against physical damage from fire, vandalism, theft, or natural disasters. Commercial Liability Insurance to protect against claims related to third-party injuries or property damage.

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

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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. What Kinds of Claims Get Made in Apartment Buildings As a team, weve seen all kinds of claims related to apartment buildings.

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A Comprehensive Guide to Understanding Commercial Property Insurance

Protect Commercial Insurance

This type of policy covers a wide array of potential hazards, including fire, theft, vandalism, and certain natural disasters. Awareness in this area can prevent nasty surprises when you attempt to make a claim: – Flood Damage : Often requires separate coverage or endorsements, especially in flood-prone areas.

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Builder’s Risk Insurance in Tennessee: A Broker’s Guide 

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Job sites that are under construction are prone to things like fire, theft, and vandalism. Theft : Covers the cost of replacing covered items that were stolen from the job site. Equipment : Covers damages to or theft of equipment used on the job site. They require insurance to protect against potential claims.

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What are the most important questions to ask when choosing business insurance?

Protect Commercial Insurance

Think about the everyday operations of your business: – Are there physical locations that require protection from natural disasters or theft? – Potential deductibles and what’s financially viable if you need to make a claim. – Property Insurance : Protects physical assets from perils like fire, theft, and vandalism.

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Can Both the Contractor and Property Owner Be Named Insureds on a Builder’s Risk Policy?

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However, it will not be covered for liability claims under a Builder’s Risk policy since that policy is not designed to cover the contractor’s operations, such as poor workmanship or negligence. It protects against fire, lightning, hail, wind, theft, and vandalism, among other perils.

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