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Big Changes Ahead for California Auto Insurance: Senate Bill 1107 and What It Means for Agents

American Agents Alliance

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).

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Beyond Coverage: Understanding the Limitations of Cyber Liability Insurance for California’s Tech Companies

Jackson & Jackson

Property Damage : Traditional cyber policies typically don’t cover physical damage caused by cyber events. General Liability Insurance: to help cover claims your business caused property damage or bodily injury. This can be a critical gap for tech companies with significant physical assets.

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Navigating Commercial Property Insurance: A Guide for New Investors in California

Jackson & Jackson

In California, considering the state’s susceptibility to natural disasters like earthquakes and wildfires, having robust insurance coverage is not just recommended; it’s essential. Liability Protection : Protects against claims of property damage or personal injury caused by you or your operations.

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Top 6 Insurance Policies Every IT Business in California Should Have

Jackson & Jackson

If a client trips over cables during a meeting at your office or your equipment damages their property, General Liability Insurance provides coverage. Business Property Insurance Your servers, laptops, and office equipment are essential for running your IT business.

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Builder’s Risk Insurance in Tennessee: A Broker’s Guide 

Distinguished

Vandalism : Intentional damage to the job site by third parties, including things like broken glass or graffiti. Property damage : Damages to the building that is being constructed or renovated. Equipment : Covers damages to or theft of equipment used on the job site. Access our online Broker Portal.

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Understanding Consumer Education and Property Insurance

Property Insurance Centre

An immediate response to property damage is crucial. Policyholders should be educated on the importance of documenting damage as it occurs, including taking photographs or videos of the affected areas. Insurance Agent Advocacy Insurance agents play a crucial role as advocates for policyholders throughout the claims process.

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Understanding Multi-Family Property Insurance in California.

Jackson & Jackson

. “Understanding Multi-Family Property Insurance” Commercial property insurance is a vital safeguard for property owners, protecting their assets against various risks. It covers property damage, loss of income, liability claims, etc.