Remove General Liability Remove Policy Remove Property Damage
article thumbnail

Business Owner’s Policy for Restaurants

Distinguished

A Business Owners Policy, commonly known asa BOP bundles essential protections like property, general liability, and liquor liability into one streamlined solution. What is a Business Owners Policy (BOP)? A BOP is an efficient way to safeguard against these operational risks with one comprehensive policy.

article thumbnail

Blog Post: The Long Tail Bites Back: When Old Policies Haunt New Problems

LexisNexis

Single-Year, Multi-Year, and Multi-Policy Insurance Coverage Claims Disputes Analyze issues that can arise for policyholders and insurers when insurance policies of various durations are called upon to answer for claims, and when multiple policies can also apply.

Insiders

Sign Up for our Newsletter

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

article thumbnail

New Triple-I Issue Brief Puts the Spotlight on Georgia’s Insurance Affordability Crisis

Triple-I: Homeowners Insurance

Property damage liability claims per 100 insured vehicles are 15 percent higher, and relative body injury claims frequency is 60 percent higher. The five-year average count for liability claims increased 24.9 Rising claim frequency and litigation costs put coverage affordability and availability at risk.

article thumbnail

The Importance of Commercial Property Insurance for UK Small Businesses

Protect Commercial Insurance

Let’s dive into what this type of insurance covers and what you can generally expect. Definition and Scope Commercial property insurance is a policy designed to protect businesses from financial losses related to damage or destruction of their physical assets. But what exactly does it entail?

article thumbnail

Best Landlord Insurance In West Virginia For Your Rental Property!

Simply Insurance

How Much Is A $100,000 Life Insurance Policy? Below we discuss the different types of landlord insurance coverages in detail: DP1 - Dwelling A named-peril policy (DP-1) is an insurance policy that protects you against a specific hazard. DP2 - Replacement Cost The (DP-2) policy will give you more coverage than the DP-1.

article thumbnail

Best Landlord Insurance In Wyoming For Your Rental Property!

Simply Insurance

How Much Is A $100,000 Life Insurance Policy? Below we discuss the different types of landlord insurance coverages in detail: DP1 - Dwelling A named-peril policy (DP-1) is an insurance policy that protects you against a specific hazard. DP2 - Replacement Cost The (DP-2) policy will give you more coverage than the DP-1.

article thumbnail

The Ultimate Guide to Office Insurance: Protecting Your Business Assets

Protect Commercial Insurance

Key Components of Office Insurance Office insurance is not a one-size-fits-all policy. Here are some key components typically included: – Property Insurance : Protects the physical premises and its contents from damage or loss due to incidents like fire, flood, or vandalism.