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How a Liability Claim Can Ruin Your Business – And How to Protect Yourself

Property Insurance Centre

From financial losses to reputational damage, legal battles, and even the risk of shutting down, the impact can be severe. Established in 1976, we are not a call centre but a specialist insurance broker with a traditional office mentality, where the client comes first. Looking for a quote now?

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Restaurant Insurance in Charlotte, North Carolina: A Broker’s Guide

Distinguished

However, for insurance brokers, the wide spectrum of restaurants represents both a challenge and an opportunity. Equipment breakdown: A sudden breakdown of refrigeration units, ovens, or HVAC systems can result in both operational disruptions and financial losses for a restaurant.

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Can Both the Contractor and Property Owner Be Named Insureds on a Builder’s Risk Policy?

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Builder’s Risk Insurance covers property during the course of construction, whether it’s a new build or renovation. The answer lies in both parties’ financial interest in the property and how that impacts the insurance policy’s structure. Our Builder’s Risk program can also be designed to cover soft costs in the event of a loss.

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How the Climate Crisis is Impacting the UK Property Insurance Market

Property Insurance Centre

Flooding, storm damage, and subsidence were major contributors to these claims, with homeowners and businesses alike suffering significant financial losses​ CityAM AXA UK home page The Growing Cost of Flood Damage Flooding continues to be one of the most significant risks facing UK property owners.

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Builder’s Risk Insurance Declinations: An Interview With Susan DeCarlo

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So, for example, on a new build if they’re 30 to 60 days in, we can consider that risk. For example, on a remodeler’s project, the second floor has collapsed, or the overall integrity of the building looks compromised. Loss experience. We can consider a prior start if it’s in the early stages of the project.

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Understanding Commercial Flood Insurance in the United Kingdom

Property Insurance Centre

From the catastrophic floods in Carlisle in 2005 to the more recent deluge in London in 2021, businesses in flood-prone areas have faced disruption, financial losses, and complex insurance claims. Engage with Insurers: Work with brokers to explore tailored policies and risk-reduction discounts.

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Emerging Property Insurance Trends 2024

Property Insurance Centre

The rising costs of building or repairing properties have a direct effect on insurance premiums. With the increased cost of materials, labour, and other construction-related expenses, building or repairing properties has become more expensive. “Underinsurance is a major concern in the property insurance industry.