Distinguished

NOVEMBER 7, 2024

Principal’s Default: A claim under a surety bond arises only upon the default of the principal. While both serve as risk management tools, their operational mechanisms, purposes, and the way claims are handled differ significantly. Importantly, if the surety pays out a claim, they will seek reimbursement from the principal.

Claim 52

Claim Compensation Risk Broker-Agent 52

Jackson & Jackson

NOVEMBER 16, 2024

Professional Liability Insurance protects your business against claims of negligence, errors, or omissions that result in financial losses for your clients. If a client trips over cables during a meeting at your office or your equipment damages their property, General Liability Insurance provides coverage.

Insurance Policy 52

Insurance Policy Policy General Liability Workers Compensation Insurance 52

Jackson & Jackson

MAY 23, 2024

Small business insurance covers property damage, liability claims, and employee-related risks. Determine the value of your assets, including equipment, inventory, and property. Consider the potential costs of liability claims, such as lawsuits or damages caused by your products or services.

Small Business Insurance 52

Small Business Insurance Business Insurance Insurance Insurer 52

Jackson & Jackson

AUGUST 16, 2024

Homeowners insurance is a crucial financial safety net for homeowners, providing protection in the event of property damage, loss of personal belongings, or liability for injuries that occur on the premises. Look for reputable companies with a strong financial standing and a history of satisfying their customers’ claims.

Insurance 52

Insurance Insurer Insured Risk 52

Property Insurance Centre

JANUARY 4, 2024

Unpredictable weather events and the rise in natural catastrophes pose significant challenges for the property insurance industry. Insureds are facing substantial property losses, leading to increased financial burdens. Furthermore, underinsurance can result in delayed or denied claims, leaving property owners in a difficult situation.

Property Insurance 52

Property Insurance Commercial Property Liability Insurance 52

Cover4LetProperty

OCTOBER 10, 2022

If the property you let is a House in Multiple Occupation (HMO) , though, you need to meet certain criteria that are less relevant to your competence as a landlord, but rather that you are a “fit and proper” person. You might also want to consult a letting agent about a realistic rent for the property you are offering.

Insurer 52

Insurer Insured Insurance Property Insurance 52

Risk Management Monitor

SEPTEMBER 30, 2022

To the north, post-tropical storm Fiona inflicted catastrophic damage across parts of eastern Canada last week, causing devastating property damage and leaving hundreds of thousands of Canadians without power. In the meantime, take photos of the damage and do whatever you can to mitigate further damage.

Damage 75

Damage Claim Broker-Agent Risk 75

American Agents Alliance

AUGUST 22, 2024

The legislation, effective January 1, 2025, will increase the current minimum of $15,000 per claimant and $30,000 per occurrence for bodily injury, and $5,000 for property damage (15/30/5), to $30,000 per claimant, $60,000 per occurrence for bodily injury, and $15,000 for property damage (30/60/15).

Auto Insurance 40

Auto Insurance Agents Broker-Agent Property Damage 40