Distinguished

OCTOBER 15, 2024

Financial Interest and Named Insureds In a typical Builder’s Risk policy , the named insured is the entity that has a financial interest in the construction project. This could be the contractor, developer, or property owner, depending on who stands to suffer a financial loss if the property is damaged during construction.

Policy 52

Policy Risk Broker-Agent Liability 52

Distinguished

SEPTEMBER 17, 2024

We had an insured recently where we were at the max 24 months when the broker requested a three-month extension. It’s important to monitor results and get ahead of future threats, and this can help minimize financial losses. Property and Liability products are distributed through a national network of agents and brokers.

Risk 52

Risk Broker-Agent Deductible Insured 52

Distinguished

JULY 22, 2024

In the case of a catastrophic loss, art pieces worth thousands of dollars would only be covered up to that low per-item limit, leaving the collector with significant financial losses. Property and Liability products are distributed through a national network of agents and brokers.

Insured 52

Insured Insurance Insurer Policy 52