Insurance Marine News

SEPTEMBER 24, 2024

Join Us The post Bayesian’s builder has lawyers investigating possible reputational damage appeared first on Insurance Marine News. You need to be logged in to view this content. Please Log In. Not a Member?

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Insurance Marine News

FEBRUARY 10, 2025

Join Us The post Captains of ships damaging seabed infrastructure should be sanctioned, Polish minister says appeared first on Insurance Marine News. You need to be logged in to view this content. Please Log In. Not a Member?

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Insurance Journal

DECEMBER 16, 2024

Russian authorities sought to limit the damage on Monday from oil spilled into the Kerch Strait by two aging tankers that were damaged during a heavy weekend storm, highlighting the environmental and insurance risks of Russia’s “shadow fleet.” ” One crew …

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Risk Damage Insured Insurance 245

Insurance Journal

DECEMBER 31, 2024

Finnish authorities investigating damage to subsea power and data cables found drag marks on the seabed likely left by the anchor of seized tanker Eagle S. Working under water, “we have been able to identify the dragging track at the …

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Damage Liability Insurance Risk Marine 264

Insurance Journal

NOVEMBER 19, 2024

An undersea data cable connecting Finland and Germany was cut in the early hours of Monday by what was likely an external impact and a nearby link between Lithuania and Sweden was also damaged. The 1,200-kilometer (750-mile) high-speed fiber optic …

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Damage Liability Insurance Risk Marine 264

Insurance Journal

JANUARY 14, 2025

The European Union’s new digital chief, Henna Virkkunen, suggested the repeated damage to undersea cables in the Baltic Sea couldn’t be fully accidental, as leaders from the region prepare to gather for a NATO summit devoted to the topic. “It …

Damage 264

Damage Protection Liability Insurance Risk 264

Mark Jackson Insurance Agency

MARCH 19, 2025

From property protection to liability coverage, ensuring your business insurance policies align with your expansion is critical. Without the right coverage, unforeseen challenges—such as property damage, employee injuries, or legal issues—could put your investment at risk. This coverage is required in most states.

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Insurance Marine News

MAY 5, 2025

Join Us The post Product tanker damaged and three crewmembers injured in US strike on Ras Isa port appeared first on Insurance Marine News. You need to be logged in to view this content. Please Log In. Not a Member?

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Insurance Journal

JANUARY 6, 2025

Two undersea telecommunications cables that were damaged in the Baltic Sea on Dec. 25 appeared to have been torn apart by a strong external force, Finland’s Elisa said on Monday, adding that they had now been repaired. Baltic Sea nations …

Damage 245

Damage Protection Liability Insurance Risk 245

Insurance Journal

NOVEMBER 22, 2024

Sweden’s Navy completed a survey of the seabed near one of the damaged data cables in the Baltic Sea as the Nordic country investigates potential sabotage against the underwater infrastructure. A high-speed fiber optic cable connecting Finland and Germany was …

Damage 245

Damage Liability Insurance Risk Marine 245

Distinguished

MARCH 20, 2025

Unlike single-family homes, apartment complexes face heightened risks damage from one unit can quickly spread to others, liability claims can stem from common areas, and evolving building codes can demand costly upgrades. The court awarded her a staggering $13 million in damages.

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Insurance Marine News

JANUARY 27, 2025

Join Us The post Another Baltic Sea cable damaged; ship detained appeared first on Insurance Marine News. You need to be logged in to view this content. Please Log In. Not a Member?

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Insurance Journal

DECEMBER 18, 2024

Spilled oil has washed up along “tens of kilometers” of the Russian Black Sea coast after two tankers were badly damaged in a storm at the weekend, a regional official said on Tuesday, and state media said a third ship …

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Damage Marine Liability Insured 214

Insurance Journal

MAY 27, 2025

Indian agencies detected an oil spill from a container ship that capsized off the coast of the southern state of Kerala early Sunday, triggering efforts to contain the environmental damage, the defense ministry said in a statement a day after …

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Insurance Marine News

SEPTEMBER 2, 2024

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Insurance Marine News

MAY 28, 2025

Join Us The post Divers find hull damage on grounded bulk carrier off Sweden appeared first on Insurance Marine News. You need to be logged in to view this content. Please Log In. Not a Member?

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Protect Commercial Insurance

APRIL 11, 2025

Image courtesy: Unsplash Definition and Overview Commercial property insurance is a type of insurance designed to protect your business premises and the contents within from loss or damage. Here’s why it’s crucial: – Financial Protection : In the event of loss or damage, the costs can be exorbitant.

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Commercial Property Property Insurance Commercial Insured 52

Insurance Marine News

FEBRUARY 2, 2025

Join Us The post Second ship seized after latest Baltic Sea cable damage appeared first on Insurance Marine News. You need to be logged in to view this content. Please Log In. Not a Member?

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Insurance Marine News

OCTOBER 14, 2024

Join Us The post Crane collapse at Paradip Port injures operator, damages cargo vessel appeared first on Insurance Marine News. You need to be logged in to view this content. Please Log In. Not a Member?

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Insurance Marine News

FEBRUARY 12, 2025

Join Us The post Damaged tankship given three months to remove port from Ust-Luga appeared first on Insurance Marine News. You need to be logged in to view this content. Please Log In. Not a Member?

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Insurance Marine News

NOVEMBER 25, 2024

Join Us The post German and Swedish Coast Guards arrive near cable damage suspect vessel appeared first on Insurance Marine News. You need to be logged in to view this content. Please Log In. Not a Member?

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Insurance Marine News

APRIL 15, 2025

Join Us The post Swedish investigation finds no conclusive evidence of deliberate cable damage by Yipeng ship appeared first on Insurance Marine News. You need to be logged in to view this content. Please Log In. Not a Member?

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Distinguished

FEBRUARY 10, 2025

Whats Covered The policy covers a wide range of risks for direct physical damage, including fire and theft, under an all-risk policy structure with broad coverage. Specific hazards, typically on a location basis, may be restricted, like water damage for flood-prone areas or basement and first-floor storage.

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Broker-Agent Insured Insurance Insurer 52

Prof. Allan Manning

MARCH 11, 2024

Emphasis mine] The reason is that without this extension of coverage the Insurer only has to reinstate that part of the property which is damaged or destroyed. I want to stress that the endorsement only applies if the Insured is forced to relocate ABANDONED UNDAMAGED PORTION OF A BUILDING.

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Building Damage Premium Risk 130

Distinguished

OCTOBER 15, 2024

This could be the contractor, developer, or property owner, depending on who stands to suffer a financial loss if the property is damaged during construction. Instead, a contractor’s operations liability should be covered by a separate Contractor’s General Liability policy. damage to the structure under construction).

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Policy Risk Broker-Agent Liability 52

Insurance Marine News

SEPTEMBER 26, 2024

Bulk carrier Ruby (IMO 9626390), which caused concerns in Tromsø, northern Norway after it reported rudder damage and then was discovered to be carrying a large amount of ammonium nitrate on board, and which was then barred from getting repairs in Klaipeda unless it unloaded its cargo first, was yesterday at anchor off Margate, south-eastern.

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Damage Marine Insured Insurance 59

Insurance Marine News

SEPTEMBER 25, 2024

The protestors were highlighting what they said was the environmental damaged caused by the cruise ship industry, which many of them want to be abolished. The post Environmentalists block port of Marseille appeared first on Insurance Marine News. About 20 people from an environmental group calling itself.

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Damage Marine Insured Insurance 52

Insurance Marine News

DECEMBER 18, 2024

Chinese bulk carrier Yi Peng 3 (IMO 9224984) remains at anchor near to the Kattegat Strait a month after the C-Lion 1 and BCS East-West Interlink cables in the Baltic Sea were damaged. The post Russia is now main suspect in Yi Peng 3 Baltic Sea cable incident appeared first on Insurance Marine News.

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Damage Marine Insured Insurance 52

Distinguished

OCTOBER 31, 2024

Notify your insurer and broker as soon as possible, detailing how, when, and where the loss occurred and what property may be damaged. Insurance companies often have resources that can be dispatched immediately to help mitigate the damages and prevent additional losses. Take all reasonable steps to protect yourself from further damage.

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Distinguished

SEPTEMBER 25, 2024

Vandalism : Intentional damage to the job site by third parties, including things like broken glass or graffiti. Property damage : Damages to the building that is being constructed or renovated. Equipment : Covers damages to or theft of equipment used on the job site. Naturally, they must be named on the policy.

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Risk Broker-Agent Insured Insurance 52

Distinguished

SEPTEMBER 10, 2024

This includes damages that arise from: Fires Theft Vandalism Weather events We are also proud to offer coverages beyond property damage for buildings, temporary structures, and building materials. Our program also offers your clients general liability insurance, which can help cover legal costs that can occur on work sites. 

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Risk General Liability Broker-Agent Insured 52

Distinguished

AUGUST 7, 2024

Additionally, art and collectibles dealers who use sustainable crates and packing materials are eligible for additional coverage for loss or damage to reusable crates or packing materials. Property and Liability products are distributed through a national network of agents and brokers.

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Broker-Agent Inland Marine Broker Agents 52

Distinguished

OCTOBER 30, 2024

While Builder’s Risk policies for both types of projects offer similar coverage, such as insuring for damage to the structure from fire, theft, and other covered perils, there are important distinctions between residential and commercial coverage. Limits of up $20 million are available, depending on the construction type and state.

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Commercial Risk Broker-Agent Building 52

Protect Commercial Insurance

OCTOBER 25, 2024

– Is there a high level of professional liability in your operations? Familiarising yourself with the various types can help you craft the most effective insurance package: – General Liability Insurance : Covers third-party bodily injury, property damage, and advertising injuries.

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Business Insurance Liability Insurance Liability Policy 52

Distinguished

AUGUST 12, 2024

This includes coverage for: General liability : Covers legal costs and damages that arise from lawsuits related to this construction, renovation, or betterment project. Under-construction buildings : Covers damages to buildings or structures that are under construction, renovation, or undergoing betterment.

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Risk Broker-Agent Insured Insurance 52

Distinguished

JANUARY 7, 2025

Protecting Valuables Against Direct Physical Damage We can provide coverage for common collectibles , including but not limited to fine art, sports memorabilia, entertainment memorabilia, wine and spirits, antiques and antique furniture, stamps, comics, books and manuscripts, coins, glass, and pottery.

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Broker-Agent Inland Marine Damage Broker 52

Distinguished

AUGUST 5, 2024

These drawbacks include: No protections outside the home : If a collectible goes missing or is damaged while it is outside of your client’s home, like on the way to auction, then it may not be covered.  If your client owns a toy that is worth tens of thousands of dollars, they might not be reimbursed for the full cost should it get damaged. 

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