Remove Inland Marine Remove Liability Remove Underwriting
article thumbnail

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

Distinguished

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. General liability : Covers the costs of fighting litigation plus covered damages that might come from it.

article thumbnail

What is a Managing General Agent (MGA) in Insurance?

Distinguished

A Managing General Agent (MGA) is a specialized type of insurance intermediary that has underwriting authority granted by an insurer. Many traditional carriers want to enter these markets but lack the time or resources to build an in-house underwriting team. For instance, if a client walks into a typical brokerage in the U.S.,

Insiders

Sign Up for our Newsletter

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

article thumbnail

Landlord Insurance: Costs and Coverages in the City

Distinguished

These risks can include property damage caused by floods or fire, and liability coverage if a landlord gets sued by a tenant or building guest. Through these packages, your clients get access to the following coverages: Commercial general liability : Provides up to $1,000,000 per occurrence, with $2,000,000 of coverage in aggregate.

article thumbnail

TIMBY Specialty Launches Warehouse Legal Liability Coverage

Insurance Journal

Inland marine managing general underwriter TIMBY Specialty Insurance Solutions launched its Warehouse Legal Liability Coverage, a product specifically for public and contract warehouses that handle third-party property. With limits up to $5 million per location, WHLL offers options covering additional …

article thumbnail

Distinguished Programs Announces Contract Surety Program Led by Trevor Hash

Distinguished

The team aims to launch operations and begin underwriting in the third quarter of this year. Supported by a skilled team of underwriters, his leadership enhances Distinguished’s ability to make a meaningful entrance into the surety market. Property and Liability products are distributed through a national network of agents and brokers.

article thumbnail

Meet Distinguished’s Community Associations Insurance Experts

Distinguished

Property and Liability products are distributed through a national network of agents and brokers. Learn more about our community associations insurance products on our website. Or reach out to an insurance specialist for more information.

article thumbnail

Distinguished Programs and Berkley Program Specialists Partner for Community Associations D&O and Crime Coverage 

Distinguished

New York – Distinguished Programs (“Distinguished”), a national insurance program manager, announced an expanded partnership with Berkley Program Specialists (“BPS”), a leading provider in the industry, to underwrite its Community Associations Crime and D&O products. Starting Jan.