Remove General Liability Remove Marine Remove Premium
article thumbnail

Insurance for Apartment Building Owners: Protecting Your Client’s Investments With the Right Coverage

Distinguished

General liability : Covers the costs of fighting litigation plus covered damages that might come from it. These include $1 million in personal liability, coverage for personal contents, inland marine for scheduled valuables, and additional living expenses.

article thumbnail

Landlord Insurance: Costs and Coverages in the City

Distinguished

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.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Builder’s Risk Insurance in Alabama: A Broker’s Guide 

Distinguished

Our program also offers your clients general liability insurance, which can help cover legal costs that can occur on work sites.  For instance, employees injured on the job should be covered by their Contractor’s General Liability policy.   Our Builder’s Risk program does not cover some specific risks.

article thumbnail

Builder’s Risk Insurance in Georgia: Coverages, Costs, and More 

Distinguished

This includes coverage for: General liability : Covers legal costs and damages that arise from lawsuits related to this construction, renovation, or betterment project. Property and Liability products are distributed through a national network of agents and brokers. In most cases, you’ll get a quote back instantly.

article thumbnail

What are the most important questions to ask when choosing business insurance?

Protect Commercial Insurance

Reflect on: – How much you can comfortably allocate from your business budget for insurance premiums. 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.

article thumbnail

Builder’s Risk Insurance Declinations: An Interview With Susan DeCarlo

Distinguished

And regarding coverage, if the named insured is the builder, or there is a relationship between the named insured and the builder, in that capacity we would exclude general liability coverage. We bound the policy for a six-month term, and the premium was $1,300.

article thumbnail

Builder’s Risk Insurance in Tennessee: A Broker’s Guide 

Distinguished

Soft costs : Additional expenses caused by a covered claim that are not related to building materials, equipment, or other hard costs; these soft costs could include additional reinspection fees, increased tax burdens, and insurance premiums. Property and Liability products are distributed through a national network of agents and brokers.