Distinguished

JUNE 30, 2025

However, to give you an idea of what restaurant insurance might cost , here are what our underwriters will consider when determining an insurance premium quote for your client:  Type of restaurant: The kind of establishment your client runs will affect insurance costs.

Liability

Distinguished

JUNE 30, 2025

However, to give you an idea of what restaurant insurance might cost , here are what our underwriters will consider when determining an insurance premium quote for your client:  Type of restaurant: The kind of establishment your client runs will affect insurance costs.

Liability

Distinguished

JULY 7, 2025

Q: Will you consider wine bars or establishments with high liquor-to-food sales ratios due to premium pricing? Q: What are your crime score requirements? A: There are no specific crime score criteria, but we may utilize crime scores in our underwriting process. Q: Will you write BYOB establishments?

Policy

Top Insurance Blogs

JUNE 5, 2025

From minor exaggerations in claims to organized crime rings staging accidents, fraud is a growing issue in the German car insurance market. While the majority of policyholders are honest, the minority committing fraud create significant consequences for everyone, including higher premiums and stricter policies.

Crime

Distinguished

APRIL 21, 2025

Crime insurance: Safeguards against theft, fraud, and vandalism. The citys density, property values, and the likelihood that someone could make a claim all contribute to premium fluctuations. Coverage selections: Policies with expanded protection, such as flood, earthquake, and additional liability coverages, increase premium costs.

Broker

Property Insurance Centre

MARCH 21, 2025

This diversity in building age and structure affects insuranceolder buildings may face higher premiums due to maintenance risks, while newer developments may require higher coverage for cutting-edge amenities. Insurers view these uses as higher risk, which can lead to increased premiums or the need for specialist insurance policies.

Premium

Distinguished

JULY 7, 2025

These three examples are based on real insurance quotes and will help you estimate what a client might pay for their premiums. Location Size TIV Premium Chicago 90 units, 6 stories ~$21 million ~$37,000 West New York 6 location schedule ~$11.5 However, you can use examples to help illustrate costs.

Building

Distinguished

MAY 13, 2025

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. A property with a significant loss history will also see higher GL premiums. Amenities need to be considered as well.

Broker

Distinguished

FEBRUARY 24, 2025

Location risks: Areas with higher crime rates or increased foot traffic face higher premiums. Alcohol sales: Establishments serving alcohol will need liquor liability coverage, which can raise overall premiums.

Liability

Property Insurance Centre

MARCH 11, 2025

Higher Property Values and Rebuild Costs London property prices are significantly higher than the national average, which means higher rebuild costs and, consequently, higher insurance premiums. Higher Crime Rates and Security Concerns London experiences more burglary, vandalism, and theft claims compared to rural or suburban areas.

Risk

Distinguished

JUNE 16, 2025

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.  Beyond that, the amount of crime insurance required will be proportional to the size of the HOA’s assets.

Liability

Insurance Journal

JULY 17, 2024

Jillian Anderson was planning to make fighting crime in Waikiki the top issue in her campaign for a seat in the Hawaii House of Representatives. Then came the letter from her condo association announcing a 300% increase in insurance premiums, …

Premium

Scott Insurance

OCTOBER 28, 2020

Many insurance carriers use third-party crime scores to evaluate their exposure to criminal risk when underwriting general liability insurance policies. At worst, a high crime score may preclude the owner of a multifamily housing complex from obtaining insurance coverage, and at best, a high crime score may result in higher premium costs.

Crime

TGS

OCTOBER 3, 2024

TGS Insurance » Blog 10 Factors That Affect Homeowners Insurance Premiums in Florida When it comes to homeowners insurance premiums, several factors come into play, and understanding them can be the key to managing your costs. Let’s dig into the 10 factors that affect homeowners insurance premiums in Florida—and everywhere else, too.

Premium

TGS

NOVEMBER 27, 2024

TGS Insurance » Blog Affordable Home Safety Improvements to Lower Your Insurance Premiums Owning a home is a dream come true—until those monthly bills remind you of the costs involved. From utilities to maintenance to insurance premiums, it adds up quickly. And you don’t need to spend a fortune to make meaningful improvements.

Premium

TGS

OCTOBER 25, 2024

TGS Insurance » Blog Top Reasons Your Home Insurance Premium Might Increase [2024] Owning a home is often a dream come true, but when that dreaded notice arrives in the mail—informing you that your home insurance premium has gone up—it can feel more like a nightmare. If you’re wondering why your premiums have spiked, you’re not alone.

Home Insurance

Jackson & Jackson

APRIL 30, 2024

Understanding Location-Based Risk Factors Location plays a pivotal role in determining insurance premiums for commercial properties. Crime Rates Areas with higher crime rates often have higher property insurance rates due to the elevated risk of theft, vandalism, and other crime-related damages.

Commercial Property

Scott Insurance

NOVEMBER 9, 2021

Read the full paper here The post Affordable Housing’s Growing Insurance Problem appeared first on Scott Insurance.

Crime

Scott Insurance

FEBRUARY 27, 2024

The Hardening Property Insurance Market Since 2017, the property insurance market has been hardening, resulting in lower available limits, higher deductibles and increased premiums. suburban) and are more susceptible to the use of crime scores when underwriters rate their liability insurance. Looking Ahead There is reason for optimism.

Deductible

Freeway Insurance

OCTOBER 26, 2023

Insurance companies take into account things like traffic, crime, frequency of accidents and even the weather. So if you live in a city with a lot of traffic or in an area with more crime, your insurance may cost more than if you live in a quieter, safer place. What Other Factors Determine What I’ll Pay for Auto Insurance?

Crime

Protect Commercial Insurance

NOVEMBER 8, 2024

By understanding your policy needs, shopping around, and exploring available discounts, you can effectively manage insurance premiums and keep your business financially secure. However, commercial insurance premiums can sometimes strain your business finances if not managed wisely.

Commercial Insurance

Triple-I: Business Insurance

APRIL 4, 2024

Cyber incidents reported to the FBI’s Internet Crime Complaint Center (IC3) in 2023 totaled 880,418. Email compromise, cryptocurrency fraud, and ransomware increase In addition to record-high financial losses from cybercrimes overall in 2023, the report revealed trends across crime methodology and targets. billion in 2022 to $3.94

Financial Loss

Cover4LetProperty

OCTOBER 1, 2024

Properties in areas with higher crime rates or those prone to flooding may have higher premiums. Additionally, the type of tenants you rent to can impact the cost—renting to students or tenants on housing benefits, for example, might result in higher premiums as some insurers may view these as higher-risk groups.

Insurance

Distinguished

SEPTEMBER 10, 2024

However, every project is different, so underwriters will determine the final cost of a policy based on the following factors: Location : Construction sites near bodies of water, in higher crime areas, or that include some other unique risk factor would increase the cost of the policy.

Risk

Risk Management Monitor

DECEMBER 20, 2022

Claimant fraud and premium fraud are two of the most well-known types of workers compensation fraud. In these cases, a worker may intentionally fake an injury (claimant fraud) or a business owner may misrepresent their employee headcount or incorrectly classify employees to obtain lower insurance premiums.

Workers Comp

Property Insurance Centre

JULY 30, 2024

3 The FTC says it’s fair to refuse a rental applicant based on low income, credit scores, eviction or crime history. These questions cover employment, pets, smoking, and past offences. 3 If you turn someone down because of their check results, you need to send them a letter. This letter should explain how they can challenge the report.

Building

Property Insurance Centre

MAY 20, 2024

lawns, trees, plants) Movable items within the building (these may be covered under contents insurance) Maintenance and cleaning services Considerations for Insurance Coverage Usage : The purpose for which the building is used (residential, commercial, industrial) can affect the insurance terms and premiums.

Building

Risk Management Monitor

OCTOBER 25, 2022

In other lines of business, as inflation continues to rise and products become harder to get, we can expect to see increased crime activity, with higher value attributed to stolen goods due to shortages and inflation encouraging more employee theft.

Risk

Distinguished

MARCH 25, 2025

Security measures: Collections stored in locations with advanced security systems, climate control, and proper humidity management may qualify for lower premiums. Location: Storing a collection in an area prone to natural disasters or with higher crime rates can increase insurance costs.

Deductible

Distinguished

JUNE 2, 2025

Crime insurance: Protects against employee theft, fraud, or vandalism. Premiums vary based on the propertys: Location: Urban areas like Cleveland, Columbus, and Cincinnati may have different pricing. Coverage limits: More protection means a higher premium. How Much Does Landlord Insurance Cost in Ohio?

Liability