article thumbnail

Business Owner’s Policy for Restaurants

Distinguished

Key benefits include: Property Coverage BOPs includes commercial property coverage, protecting business personal property and building structures against covered losses like fire, theft, or vandalism. A critical component of property insurance for restaurants is business income coverage.

article thumbnail

HOA Insurance: Everything You and Your Clients Need to Know

Distinguished

HOA insurance typically includes coverage for property damages, crime, and liability suits to common areas like: Rec rooms Pools Clubhouses Walkways Stairways Tennis courts Here’s a breakdown of the core coverages an HOA needs.  HO-6 policy: This is a condo owner’s personal policy.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Block of Flats Insurance Glossary of Terms

Property Insurance Centre

However, block of flats insurance is classed as commercial property , and Terrorism cover is often excluded. The residential property management team should carefully consider whether the terrorism cover is necessary, which may be determined by the lease terms, mortgage company requirements, or the property’s location.

article thumbnail

Blog Post: What's New in Practical Guidance - August 2024 Updates

LexisNexis

Disaster Management Guidance (Commercial Real Property Owners) Key considerations for real property owners, managers, and governing bodies in preparing for and responding to both natural and human-created disasters including casualty loss, natural disaster, cyberattack, and criminal or terrorist act.