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The Security Service said it’s conducting a preliminary investigation into the crime … Sweden detained a vessel suspected of damaging a subsea data cable connecting it with Latvia, the third such incident in the Baltic Sea in the past three months.
Many insurance carriers use third-party crime scores to evaluate their exposure to criminal risk when underwriting general liabilityinsurance policies. Thus, affordable housing providers are highly likely to experience a loss of coverage or relatively high insurance premiums.
Key coverages we offer include: Property insurance: Protection for buildings, equipment, and inventory against fire, theft, and natural disasters. General liabilityinsurance: Coverage for legal claims related to customer injuries or property damage.
. – Contents Insurance : Covers items such as office furniture, computers, and other equipment. – Public LiabilityInsurance : Protects against claims made by third parties for injuries or damages occurring on your office premises. – Employer’s LiabilityInsurance : Required by law if you employ staff.
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.
This multimillion dollar payout goes far and above many apartment building liabilityinsurance limits and highlights why having comprehensive umbrella insurance to fall back on can be so important for your clients. Employee Benefits Liabilityinsurance steps in to cover the benefits as if the employee had been enrolled.
Factors Influencing Premiums Understanding what affects your insurance premiums can help you make informed decisions. Several factors contribute to the cost of your commercial property insurance premiums: – Location of the Business : A business located in an area prone to crime or natural disasters may face higher premiums.
suburban) and are more susceptible to the use of crime scores when underwriters rate their liabilityinsurance. Additionally, insurance carriers are requiring higher deductibles, which often puts affordable housing owners at odds with their lending and syndicator partners.
billion in reported losses , according to the FBIs Internet Crime Report. That number highlights why real-time recovery matters for a Cyber LiabilityInsurance broker. In 2023, business email compromise (BEC) caused $2.9 These scams often rely on nothing more than a spoofed email and a well-timed request.
Help Your Clients Respond to and Reduce Their Risk of HIPAA Breaches Knowing how to respond to healthcare data breaches is crucial, especially breaches occurring due to cyber crime. Threat actors relentlessly try to gain access to PHI because it is so lucrative on the illegal market.
Cyber Insurance for contractors is an essential safety net. How can you stress the need for Cyber LiabilityInsurance for contractors to your clients? 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.
Contents insurance If you rent out a furnished or partly furnished property, contents insurance can cover the cost of replacing furniture, appliances, or other items that belong to you as the landlord. Note that tenant belongings are not covered under this policy—they will need their own tenants contents insurance for personal items.
Employers’ LiabilityInsurance Employers’ LiabilityInsurance protects the insured against claims made by an employee who is injured during the course of carrying out their work for the employer. Employers’ LiabilityInsurance is a legal requirement for the block management company.
Here’s a quick look at some of the most common types: – Property Insurance: This protects the physical premises and equipment of your business against damage or loss due to events like fire, theft, or natural disasters.
Our program also offers your clients general liabilityinsurance, which can help cover legal costs that can occur on work sites. Materials : Certain materials like wood are more prone to fire or mold, making them more expensive to insure.
While the specific requirements vary by state and by the association’s governing documents (like CC&Rs), nearly all associations need a package policy that covers property and liability exposures for shared areas. What Does HOA Insurance Typically Cover? Some policies do not cover all people associated with the board (i.e.,
Robbery and Assaults Hotels are meant to be safe havens for travelers, but like any public space, they can also be targets for violent crime. Crimes like this dont just impact individuals. The following is an overview of the costs behind each coverage type and some of the factors that go into the cost of hotel insurance.
Is the gardener covered for workers’ compensation benefits under the homeowner’s liabilityinsurance policy? An Uber driver is waiting for a rideshare customer and is pulled over to the curb in a high crime area. One day, the gardener falls off a ladder while trimming a tree on the homeowner’s property.
Optional Enhancements for Ohio Landlords Brokers can customize policies with optional add-ons that provide extra protection: Flood insurance: Critical for properties near rivers or flood-prone areas. Hired and non-owned auto insurance: Covers vehicles used for property management.
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