LexisNexis

JANUARY 28, 2025

This practice note discusses project delays due to defects or deficiencies, poor coordination or communication with the owner or other members of the design/construction team, or the discovery of defects during or after the project, as well as claims involving construction accidents or personal injuries that occur within the construction area.

Commercial General Liability 40

Commercial General Liability General Liability Property Damage Injury 40

Risk Management Monitor

NOVEMBER 8, 2021

On the other hand, performing an appraisal (which insurers typically consider the “gold standard”) can provide much-needed accuracy and thoroughness, but will require a greater commitment of time and resources. Changes in costs Over time, some property costs will change more than others.

Commercial Property 75

Commercial Property Insurance Insurer Insured 75

Bankers Insurance

NOVEMBER 15, 2023

Where are Pipes and Sprinkler Systems Most at Risk of Freezing? Pipes and sprinkler systems face a higher risk of freezing in specific areas of a building or property where temperatures can significantly drop during cold weather. Running water is less likely to freeze, reducing the risk of burst pipes.

Protection 52

Protection Damage Building Property Damage 52

Property Insurance Centre

JANUARY 16, 2025

Understanding Commercial Flood Insurance in the United Kingdom Flooding has become an increasingly significant risk for businesses across the United Kingdom as climate change intensifies weather extremes. million properties at risk, according to the Environment Agency.

Commercial 52

Commercial Commercial Property Insurance Insurer 52

Protect Commercial Insurance

NOVEMBER 22, 2024

Myth 1: “Commercial Insurance is Too Expensive” Image courtesy: Unsplash Understanding the Costs Many businesses fear that commercial insurance will break the bank, but this myth needs debunking. Without insurance, your business could face catastrophic financial loss from property damage, theft, or a lawsuit.

Commercial Insurance 52

Commercial Insurance Commercial Cyber Insurance 52

TGS

NOVEMBER 18, 2024

Pros: Faster Claims Processing: Since you’re dealing with your own insurer, claims are often processed more quickly. Cons: Higher Insurance Costs: No-fault states tend to have higher insurance premiums, as insurers take on greater responsibility for covering claims.

Auto Insurance 52

Auto Insurance Injury Damage Claim 52

LexisNexis

FEBRUARY 4, 2025

Read now » Related Content Allocation of Latent Injury and Damage Claims State Law Survey Examine the method used across the 50 states and the District of Columbia for allocating damages for latent bodily injury and property damage claims, sometimes called long-tail or continuous injury or damage claims.

Policy 40

Policy Commercial General Liability Injury Damage 40

Bankers Insurance

AUGUST 8, 2024

For example, if an insured’s property is valued at $1 million, but their coverage limit is $700,000 and their policy includes an 80% coinsurance clause, they would likely receive only $43,750 after incurring $50,000 in property damage from a covered event, depending on when their deductible is applied (700,000/800,000) x 50,000 = 43,750).

Commercial Property 59

Commercial Property Property Insurance Commercial Out-Of-Pocket 59

Property Insurance Centre

JANUARY 4, 2024

The impacts of weather events and natural disasters go beyond immediate property damage, affecting communities and economies on a larger scale. The impact of weather events and natural disasters has forced the industry to reevaluate risk management strategies and introduce innovative solutions to ensure adequate coverage for insureds.

Property Insurance 52

Property Insurance Commercial Property Liability Insurance 52

Property Insurance Centre

MARCH 19, 2024

These consumer education programs ensure that individuals have the necessary knowledge and tools to safeguard their property effectively. By engaging with these initiatives, consumers can make informed decisions, mitigate risks, and protect their assets. An immediate response to property damage is crucial.

Property Insurance 52

Property Insurance Policyholder Insurance Insurer 52

Protect Commercial Insurance

JANUARY 10, 2025

– Risk Mitigation : Collaborating provides a safety net. Heres how collaboration can enhance offerings in this field: – Comprehensive Coverage Packages : Partnership allows brokers to provide a full suite of insurance products.

Building 52

Building Broker Commercial Property Commercial 52

Triple-I: Homeowners Insurance

MAY 29, 2025

Homes built or retrofitted to FORTIFIED standards from the Insurance Institute for Business & Home Safety were found to have suffered far less property damage and a lower volume of insurance claims from Hurricane Sally which made landfall in Gulf Shores, Alabama, as a Category 2 storm in September 2020 than non-FORTIFIED properties.

Property Damage 69

Property Damage Casualty Insurance Insurance Claim Building 69

Protect Commercial Insurance

APRIL 25, 2025

Introduction Owning commercial property is a rewarding investment, but it comes with its own set of challenges. One significant threat lurking around the corner is the risk of floods, especially in today’s rapidly changing climate. This is where FloodFlash Insurance steps in as a beacon of hope for savvy property investors.

Commercial Property 52

Commercial Property Commercial Protection Insurance 52