Property Insurance Centre

FEBRUARY 10, 2025

What Perils Are Covered by Commercial Property Insurance? Commercial property insurance is essential for businesses to protect their assets from unforeseen events. But what exactly does commercial property insurance cover? Below are the most common perils covered: 1.

Commercial Property

Property Insurance Centre

MAY 19, 2025

Commercial Property Owners Insurance Specialists, Est. 1976 [link] Listen to Commercial Property Owners Insurance explained by one of our directors/p> What Is Commercial Property Owners Insurance? Having adequate insurance cover for your Commercial Building is essential.

Commercial Property

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

LexisNexis

MAY 28, 2025

Contribution, Subrogation, and Indemnity Review the issues of contribution, subrogation, and indemnity in the context of insurance, specifically the circumstances under which attorneys and insurance personnel may encounter the issues.

Commercial Property

Prof. Allan Manning

JANUARY 29, 2025

Last week I posted an article in regard to terrorism coverage under commercial property, and/or business interruption policies. I also touched on commercial liability coverage. In a day or two I will address Strata and after than residential landlord policies, and finally private motor. .

Policy

Property Insurance Centre

FEBRUARY 24, 2025

From financial losses to reputational damage, legal battles, and even the risk of shutting down, the impact can be severe. Damage to Reputation and Customer Trust A liability claim can do more than drain your financesit can destroy your reputation.

Liability

Distinguished

JUNE 16, 2025

With all of these responsibilities and people involved, problems will arise — and when they do, they’ll need a good broker with the right HOA insurance policy in their corner. However, getting HOAs the right insurance isn’t easy. What Does HOA Insurance Typically Cover?

Liability

Property Insurance Centre

MARCH 11, 2025

Greater Risk of Unoccupied Properties London has a higher number of buy-to-let and overseas-owned properties , many of which remain vacant for long periods. Unoccupied flats pose risks like water damage and squatting, which insurers consider when pricing policies.

Risk

Property Insurance Centre

MAY 2, 2025

Business and Retail Insurance Specialists, Est. 1976 [link] Listen to Business and Retail Insurance explained by one of our directors What Is Business and Retail Insurance? Business Owners are well aware of the importance of having the correct insurance policy for their business.

Insurance

Property Insurance Centre

JUNE 5, 2025

Standard Perils can include cover for Fire, Lightning, earthquakes, Aircraft, Explosion, Theft, Malicious Damage, Storm, Flood, Riot, Civil Commotion, Escape of Water, Impact (by falling trees, vehicles or animals), Subsidence, Landslip or Heave. This will mean you are insured for what insurers determine is a sudden or unforeseen event.

Insurance

Protect Commercial Insurance

OCTOBER 11, 2024

Introduction Climate change isn’t just an environmental buzzword; it’s rapidly becoming a pivotal factor in the world of insurance, especially for commercial properties. As we face more frequent and intense extreme weather events, insurers are re-evaluating their policies to better manage these growing risks.

Commercial Property

Bankers Insurance

AUGUST 8, 2024

THE IMPORTANCE OF ACCURATE VALUATION IN COMMERCIAL PROPERTY INSURANCE When purchasing or renewing commercial property insurance , it’s important for businesses to ensure their coverage includes correct property valuations. Additionally, property undervaluation can result in coinsurance penalties.

Commercial Property

Risk Management Monitor

AUGUST 9, 2022

Last week, a severe thunderstorm unleashed massive hailstones in Alberta, Canada, damaging dozens of cars and unleashing potentially record-breaking hailstones the size of grapefruits. The reality is that large hail typically accounts for a majority of thunderstorm-related losses in North America during any given year.”.

Damage

The Property Insurance Law Observer

AUGUST 1, 2024

23, 2024), the Supreme Judicial Court of Massachusetts held that the term “surface waters,” as used in a limitation contained in commercial property insurance policies, was ambiguous in the context of rainwater accumulating on roofs, thereby finding coverage for the insured.

Commercial Property

The Property Insurance Law Observer

AUGUST 22, 2024

2024), the District Court of Massachusetts found that “collapse” provisions within a commercial property policy were ambiguous where a floor merely sagged without completely falling to the ground. During the policy period, the insured’s floor “sunk” between eight to 12 inches.

Building

Property Insurance Centre

SEPTEMBER 11, 2024

What does a Lift Inspection Policy cover in conjunction with a Purpose Built Flats Insurance Policy? Lift Inspection policies will often accompany a Purpose Built Flats Insurance Policy, and for good reason. Breakdown – Damage to any item of Plant caused by its own Breakdown.

Insurance Policy

Protect Commercial Insurance

MAY 24, 2024

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. That’s why it’s crucial to consider other insurance policies to protect your business comprehensively.

Insurance Policy

Jackson & Jackson

MAY 22, 2024

Multi-unit commercial properties in California offer investors the potential for significant returns. Investors must understand the importance of securing comprehensive commercial property insurance coverage to protect their investments. It covers property damage, loss of income, liability claims, etc.

Property Insurance

The Property Insurance Law Observer

JUNE 13, 2024

2024), to preserve diversity jurisdiction, the United States District Court for the Southern District of New York permitted a plaintiff insured to drop non-diverse, dispensable defendant Underwriters at Lloyd’s, London (“Underwriters”) which subscribed to a commercial property insurance policy.

Underwriting

Risk Management Monitor

NOVEMBER 8, 2021

One of the first steps in obtaining commercial property insurance is to determine the value of the property being insured. The reported property value will drive premium amounts and, importantly, represents the property loss exposure. The accuracy of this approach will diminish over time.

Commercial Property

Property Insurance Centre

JANUARY 16, 2025

Get a Quote Insurance under one roof We are specialists in many types of insurance GET YOUR QUOTE GET YOUR QUOTE The Growing Need for Commercial Flood Insurance Flooding is the most common natural disaster in the UK, with 5.2 million properties at risk, according to the Environment Agency.

Commercial

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.

Business Interruption

Property Insurance Centre

SEPTEMBER 25, 2024

See what is not covered in terms of events/damage for your policy and think about getting flood insurance or accidental damage insurance if desired. Accidental damage is not usually covered by a normal building insurance policy. – Provided that add-ons are part of the lease.

Building

Property Insurance Centre

MAY 20, 2024

Consequences of Underinsurance In the event of a claim on the block insurance policy , the insurer or its appointed loss adjuster may check to see that the Declared Value is adequate. If it is not, they may rely upon a clause within the insurance policy called Average, Average Condition, or Underinsurance.

Building

Property Insurance Centre

DECEMBER 23, 2024

Do I have the right lock for my insurance ? Being a Commercial Property Owner or Business Owner you will be aware there will be certain conditions within your insurance policy with regard to the Security at the premises. What this lock simply does, is improve the physical security of your property straight away.

Commercial Property

Property Insurance Centre

JANUARY 4, 2024

Outdated property valuations result in underinsured properties. Weather Conditions and Natural Disasters Since 1980, there have been 360 weather- and climate-related natural catastrophes , resulting in damages and costs of over $2.57 Insureds are facing substantial property losses, leading to increased financial burdens.

Property Insurance

Distinguished

SEPTEMBER 25, 2024

Whether it’s a construction project for a single-family home , a mixed-use building , or a commercial property, Distinguished’s Builder’s Risk Program has got it covered. When a project is under construction or renovation, your clients are likely not covered by their homeowner’s insurance or business insurance.

Risk

Cover4LetProperty

APRIL 16, 2024

They can range from individual property owners to those who own multiple rental properties as part of their investment portfolio. Corporate landlords: These are companies or organisations that own and manage rental properties on a larger scale. They may own residential properties, commercial properties, or a combination of both.

Insurance

Property Insurance Centre

OCTOBER 18, 2024

Recent data from 2023 and 2024 highlights the financial strain on insurers and property owners alike, driven by more severe storms, heavy rainfall, and unpredictable weather patterns. Rising Claims Due to Extreme Weather In 2023, UK insurers faced record-breaking claims from weather-related damage.

Property Insurance

Property Insurance Centre

JANUARY 30, 2024

Freehold Block of Flats Insurance: Top Cover Tips If you own a freehold block of flats , it’s crucial to have the right insurance coverage to protect your investment. Standard home insurance policies may not provide adequate protection for the unique risks associated with a block of flats.

Building

Protect Commercial Insurance

NOVEMBER 22, 2024

Without insurance, your business could face catastrophic financial loss from property damage, theft, or a lawsuit. A single incident can be financially crippling, but insurance shields you from unprecedented risks. Investing in the right policy can save you a lot of money in the long run.

Commercial Insurance

Property Insurance Centre

NOVEMBER 11, 2024

This shows the insurer, you are not a persistent claimer, which will inevitably put their account in deficit. Insurers, do not however, look on negatively when a customer claims for substantial damage when they need genuine help. Maintain your property regularly – A well maintained property will lead to less claims.

Insurance

Property Insurance Centre

JULY 21, 2024

Aspray, a leading property damage claims management company, can act on your behalf when you need to make a claim. Aspray’s repeat win is a reflection of their unwavering commitment to delivering top-notch service to their clients, ensuring that they receive the best possible outcome in times of property damage.

Claim

Property Insurance Centre

AUGUST 28, 2024

Corner Shop Insurance and BT Redcare Alarm changes Business Owners who have corner shop insurance are all to aware of the benefits an appropriate intruder alarm system will have, both in relation to their insurance premiums (or in being given an insurance policy at all in some cases) and to the physical security of their goods.

Insurance

Property Insurance Centre

MARCH 19, 2024

Insurance guides provide clear explanations of the rights and responsibilities individuals have throughout the claims process, ensuring they are informed and empowered to take the necessary steps to protect their interests. An immediate response to property damage is crucial.

Property Insurance

Property Insurance Centre

AUGUST 8, 2024

What happens when the unoccupied property becomes empty again? Essentially, the cover you lost will re re-applied to your office buildings policy – such as theft or malicious damage for example will no longer be excluded. What do we recommend as a broker for unoccupied office insurance?

Insurance

Protect Commercial Insurance

DECEMBER 6, 2024

Insurance companies will need to design comprehensive cyber insurance policies that not only cover financial losses but also offer resources for incident recovery and cyber threat intelligence. This real-time information enables insurers to offer dynamic pricing models that reflect actual risk more accurately.

Commercial Insurance