This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
King Risk Partners, one of the largest U.S. insurancebrokers, has acquired Talbert Insurance Services in Duluth, Georgia, expanding King’s presence in the Southeast. Talbert, in business in north Georgia since 1982, offers personal and commercialinsurance. Larry Talbert II …
Axis Insurance Managers Inc., the Vancouver, Canada-based insurancebroker, announced the acquisition of Fuse Insurance, a Calgary-based, technology-driven commercialinsurance brokerage.
The Role of Brokers in Securing the Best CommercialInsurance Deals When it comes to safeguarding a business, securing the right commercialinsurance is a crucial step. Amidst these myriad responsibilities, finding the time and expertise to secure the optimum insurance cover can be a challenge.
Buying Blocks of Flats Insurance in London: Key Risks and Costs When it comes to buying blocks of flats insurance in London, the market is becoming more complex for a number of reasons. In London, block of flats insurance comes with unique challenges and considerations compared to the rest of the UK.
Commercialinsurance is more intricate than ever. With the nature and location of work transforming, companies face dynamic risks – particularly for Excess & Surplus (E&S) coverage. But it can be tedious for insurancebrokers and Managing General Agents (MGAs) to provide these options to businesses at scale.
He who is not courageous enough to take risks will accomplish nothing in life. Accompanying this momentum is an ever-growing global risk pool, spanning over 50 million SMEs across the US, UK, Australia, and beyond. Expect the Cowbell name to remain synonymous with innovation, reliability, and proactive cyber risk management.
Empty properties pose higher risks, including: Security concerns Unoccupied units are more vulnerable to vandalism, break-ins, and squatting. Fire risks An unoccupied space can become a target for arson or suffer unnoticed electrical faults. Regular inspections Some insurers require vacant units to be checked every 714 days.
#Video Common Perils Covered by Commercial Property Insurance Most commercial property insurance policies cover a broad range of risks, often referred to as “named perils.” ” If a peril is explicitly listed in the policy, the insurer will cover the damage it causes.
From financial losses to reputational damage, legal battles, and even the risk of shutting down, the impact can be severe. Whether you’re a small business owner, contractor, or entrepreneur, understanding liability risks is crucial for survival. This means your personal assetshome, car, and savingscould be at risk.
This diversity in building age and structure affects insuranceolder buildings may face higher premiums due to maintenance risks, while newer developments may require higher coverage for cutting-edge amenities. Insurers often request an EWS1 form or similar documentation to assess fire risks.
Introduction Navigating the world of insurance can sometimes feel like traversing a labyrinth. For brokers, establishing solid insurance referral partnerships can be the golden key to success. Each partner brings their own clientele, allowing brokers to tap into unexplored markets.
We find the right policy to suit your needs and understand the risks that a property owner can face in the course of ownership. We work closely with our Insurers to get the best rates and our experience and excellent relationships with them mean that we can provide cover for even the most difficult to place risks.
Independent P&C agents and brokers who reside and work in this region must also know how to help policyholders manage earthquake risk. This requires experience, expertise, and a proactive approach to risk management and mitigation. Learn more about how agents can help their policyholders manage earthquake risk in this blog.
Commercialinsurance prices likely to remain high because of natural disasters and geopolitical risk, says marketplace The post Lloyds of London forecasts $2.3bn losses from LA wildfires appeared first on Elmore InsuranceBrokers.
As a tailor, it is crucial to protect your business from potential risks and liabilities. In this article, we will provide you with four essential tips to help you understand your coverage needs, find the best rates, review and update your policy regularly, and work with an experienced insurancebroker. Let’s dive in!
Over the past year, Cowbell has firmly established itself as the leader in the cyber insurance market by continuously developing innovative solutions that meet the evolving demands of the industry. We have prioritized market education, a crucial element in managing risk and fostering trust with our partners and policyholders.
If your organization operates or could be sued in New York, there has been recent activity on the legal and regulatory risk landscape that risk professionals should be prepared for. For those with more complex risk financing structures, the law may also lead to the misinterpretation of the organization’s coverages.
Strategy: Conduct an annual insurance review to adjust your coverage based on current property values and risks. Work with an Independent InsuranceBroker Independent insurancebrokers can shop around on your behalf to find the best coverage at the most competitive rates.
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.
Multi-unit commercial properties in California offer investors the potential for significant returns. However, with great opportunities come great risks. Investors must understand the importance of securing comprehensive commercial property insurance coverage to protect their investments.
Review all fire risk assessments. From London Fire Brigade) Ensure that you carry out regular fire risk assessments and manage your premises to reduce the risk of fires, to keep people safe and to minimise the effects of any fires. What do I need to do if I’m a business owner? What do I need to do to prepare?
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.
Understanding Location-Based Risk Factors Location plays a pivotal role in determining insurance premiums for commercial properties. Various factors tied to a property’s geographic and socio-economic setting influence insurers’ risk assessments. Ask your Broker; they can map it beforehand.
For example, if the unoccupied office is in a high risk post code for arson, then your insurers may impose a heavy additional premium just for them to keep on risk (along with some very stringent conditions), as an unoccupied office may well be attractive to would-be vandals.
Insurers will not always insist on having all of these protections, however, it may reduce their risk and in turn reduce your premium. We find the right policy to suit your needs and understand the risks that a property owner can face in the course of ownership. Looking for a quote now?
The person should have experience & a complete understanding of what potential problems may arise and how to mitigate those risks – this is where a Lift Insurance Policy will be beneficial. A lift Insurance Policy will prove 6 monthly inspections of your Lift Equipment and provide certification of such inspections.
Get a Quote Insurance under one roof We are specialists in many types of insurance GET YOUR QUOTE GET YOUR QUOTE Without an adequate alarm system in place, insurers may not offer terms or increase the premium significantly to reflect the extra risk they may be covering. Looking for a quote now?
We find the right policy to suit your needs and understand the risks that a property owner can face in the course of ownership. We work closely with our Insurers to get the best rates and our experience and excellent relationships with them mean that we can provide cover for even the most difficult to place risks.
. “The increasing frequency and severity of weather events have made it imperative for insurers to reassess their risk models and coverage options,” says weather expert Dr. Emma Thompson. Insurers are investing in advanced technology and data analytics to improve risk assessment and underwriting processes.
In many cases, it can be just plain old bad luck as to why you can’t get the insurance you want, with the best cover & terms there are available. In other cases, it will be due to underwriting appetite of insurers and their ever changing attitudes to risk. Having said that, there are ways you can help yourself.
Mistake 2: Overlooking Additional Necessary Coverages Standard property insurance policies do not cover everything. Specialized risks, such as floods, earthquakes, and business interruptions, require additional coverage, which many investors should pay more attention to. In California, consider adding earthquake and flood insurance.
This insurance protects your business if an employee becomes ill or injured because of their work. Without this insurance, not only do you face the risk of hefty compensation claims, but you could also incur significant fines from regulatory bodies. Assessing Business Risks Every business is unique and so are its risks.
By: Dwight West | CommercialInsurance Advisor dwest@bankersinsurance.net | (757) 591-3166 WHAT IS SUBROGATION? Most insurance policy agreements, except for workers’ compensation, allow you to waive your subrogation rights in writing before any loss occurs.
Investing in commercial property in California can be a lucrative venture, but it also comes with its unique set of risks and responsibilities. One of the most crucial aspects to consider is commercial property insurance. Properties in high-risk areas for earthquakes and wildfires may see higher premiums.
Small business insurance covers property damage, liability claims, and employee-related risks. When selecting insurance coverage, assessing your business’s specific needs is essential. While basic coverage can provide a level of protection, your business might have additional risks that warrant extra coverage.
Freehold Block of Flats Insurance: Top Cover Tips If you own a freehold block of flats , it’s crucial to have the right insurance coverage to protect your investment. Standard home insurance policies may not provide adequate protection for the unique risks associated with a block of flats.
Additionally, consulting with insurance professionals can provide insights into the best products for your specific needs and help you navigate the complexities of commercial property insurance. Final Thoughts Investing in commercial property is a major decision that can offer significant rewards.
Arrange Landlord Insurance Coverage Landlords need to get the right kind of insurance for their rental properties. This includes insurance for the building itself, liability risks, and coverage for lost rental income. 4 By looking at criminal records, landlords can understand any safety or risk issues.
It is important not to rely only on the words that a broker tells you, try to read all the details. If your property is located in an area with a high risk of natural disasters, such as floods or earthquakes, your insurance premiums will be higher. Finally, your insurance company may also take into account your credit score.
By engaging with these initiatives, consumers can make informed decisions, mitigate risks, and protect their assets. Consumer Education Resources When it comes to insurance, having access to reliable resources can make all the difference. Looking for a quote now?
5 If the employer has more employees than the small-group threshold and is purchasing commercialinsurance — as opposed to self-insuring — they are buying coverage in the large-group market, which is regulated under different rules than the small-group market.)
They help reduce the risks of electrical hazards. ” Risk Assessment and Hazard Identification in the Workplace Keeping the workplace safe is key for any business, especially with electrical safety. They help avoid electrical accidents , hazard identification , and ensure a safe risk assessment environment.
Whether you own a quaint little shop or a sprawling office complex, securing proper insurance means youre prepared for the unexpected. With the right commercialinsurancebroker and a comprehensive property coverage plan, you’ll rest easy knowing your business is well-protected. Heres how to go about it.
We find the right policy to suit your needs and understand the risks that a property owner can face in the course of ownership. We work closely with our Insurers to get the best rates and our experience and excellent relationships with them mean that we can provide cover for even the most difficult to place risks.
We organize all of the trending information in your field so you don't have to. Join 5,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content