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. General Liability Coverage Restaurants are high-traffic spaces. How Much Does Business Owners Policy Insurance Cost?

article thumbnail

The Importance of Commercial Property Insurance for UK Small Businesses

Protect Commercial Insurance

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.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Home Statistics

Simply Insurance

The information provided on this site has been created by Simply Insurance ® for general, informational, and educational purposes. Any insurance policy premium quotes or ranges displayed are non-binding. We do our best to ensure that this information is up-to-date and accurate.

article thumbnail

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

Triple-I: Homeowners Insurance

Homeowners in Georgia’s most climate-risk-vulnerable counties , such as the coastal and most southern parts of the state, can face double-digit premium hikes or nonrenewals. The five-year average count for liability claims increased 24.9 At least 38 of those events happened in the last five years, with 14 in 2023.

article thumbnail

Personal Finance Statistics

Simply Insurance

The information provided on this site has been created by Simply Insurance ® for general, informational, and educational purposes. Any insurance policy premium quotes or ranges displayed are non-binding. We do our best to ensure that this information is up-to-date and accurate.

article thumbnail

P&C Insurance Achieves Best Results Since 2013; Wildfire Losses, Tariffs Threaten 2025 Prospects

Triple-I: Homeowners Insurance

This advancement was largely attributable to robust net written premium (NWP) expansion, with growth rates of 14.4 Impending challenges and market pressures: The general liability segment is encountering increased financial strain, as evidenced by the least favorable NCR since 2016 and the third worst since 2010.

article thumbnail

Common Commercial Insurance Mistakes (and How to Avoid Them)

Mark Jackson Insurance Agency

Choosing the Wrong Deductible It’s tempting to choose a higher deductible to lower your premium, but that can backfire in the event of a claim. Overlooking Liability Exposures Not all liability is covered by a standard general liability policy. We can help explore different options to find the right fit.