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
Risk Strategies named Troy Bagwell commercial lines leader for the West region. Bagwell, who is based in Los Angeles, is responsible for building and executing the regional strategy for the commercial property/casualty business segment. Bagwell joins Risk Strategies from Panorama …
A federal whistleblower investigation has found a Virginia subsidiary of one of the world’s largest building materials manufacturers fired a truck driver in September 2023 illegally after the employee raised safety concerns. The driver expressed concern that the loads and …
If you’ve spent years building a solid personal lines … This post is part of a series sponsored by EZLynx. As an independent agent, chances are you’re always on the lookout for new ways to diversify your business and boost revenue.
BOSTON (AP) A box truck crashed into a building Tuesday afternoon in Boston’s Chinatown neighborhood and hit several pedestrians before flipping onto its side, city officials said. The driver and five others were injured in what authorities said appears …
California Insurance Commissioner Ricardo Lara said on Friday that he and the California Fair Plan have agreed to establishing a new high value commercial coverage option with limits up to $20 million per building and other steps that he said …
After Hurricane Milton swept through parts of southwestern Florida in October, aerial drone images showed condominium buildings with large sections of their roof membranes peeled back like blankets on a beach, exposing the buildings to water intrusion. Builders and commercial …
When Turkish lender Denizbank paid more than $350 million for the building that houses its headquarters in April, the purchase cemented the bank’s place in Istanbul’s most expensive commercial district. Yet, almost as soon as the ink had dried on …
After building it business up in the United Kingdom, Broker Insights said it is ready to officially bring its commercial insurance placement analytics to the United States. For the last 12-18 months, Broker Insights has been preparing for its expansion …
Navigating the world of insurance can feel overwhelming, especially when it comes to understanding commercial property insurance. This friendly guide will walk you through the essentials of commercial property insurance, helping you protect your business premises and assets with confidence. What is Commercial Property Insurance?
NEW YORK — Distinguished Programs, a national insurance program administrator, has announced the launch of its Commercial Surety division, marking a significant expansion of its Surety program. The Commercial Surety division will offer customized bonding solutions for a wide range of industries.
They build brand equity. Visibility builds momentum, and momentum drives growth. Is my commercial policy still right for my business? Build trust through testimonials, reviews, and up-to-date bios. They gain visibility. They stay connected to their audience. People still need insurance. What if I skip a payment?
What Perils Are Covered by Commercial Property Insurance? Commercial property insurance is essential for businesses to protect their assets from unforeseen events. But what exactly does commercial property insurance cover? ” If a peril is explicitly listed in the policy, the insurer will cover the damage it causes.
Commercial insurance plays a key role in mitigating these risks, providing crucial protection for warehouse operations. Shield Insurance Agency is here to help you understand the importance of commercial insurance in your warehouse operations. This is where commercial insurance comes in.
Earlier this month wind damaged the iconic Apex pyramid building in Pawtucket Rhode Island prominently visible from Interstate 95. Now, the city of Pawtucket has removed the remaining exterior panels of the iconic structure, leaving only the skeletal frame. Removal …
From devastating floods to slip-and-fall lawsuits, insuring apartment buildings is no simple task. In this guide, we break down the key coverages every apartment building owner needs, highlight common claims, and show you how to offer tailored solutions that keep your clients protected in an ever-changing market.
From building coverage to asset protection, we're breaking down the essentials every small business owner needs to know. The post What Building Insurance Do I Need for My Business? Are you sure your business is adequately insured? appeared first on Central Insurance Blog.
In a case involving alleged hail damage to a commercialbuilding, the court granted summary judgment in favor of the insurer, Charter Oak Fire Insurance Company, after excluding the policyholder’s expert witness.
The post Examples of Hazards on Construction Sites and How to Build a Safety Culture appeared first on Central Insurance Blog. From wearing PPE to conducting regular inspections, discover how to protect your team through a culture of safety.
CIBA, a commercial real estate insurance program, announced the expansion of its NexEdge individual limits property product to the Upper Midwest and Southeast regions. The expansion builds on the success of the program’s initial launch of NexEdge in the Western …
At Paragon Independent Insurance Agency, we provide businesses in the greater Plano, TX area with various commercial insurance products. So, how do you determine which commercial insurance products will best protect your business? The post How Do You Know What Commercial Insurance Products Your Business May Benefit From?
A new Vermont-based captive insurer is promising to provide insurance for New York affordable rental housing buildings at a time when advocates say coverage is difficult to afford or obtain. The Milford Street Association Captive Insurance Co. will be owned …
The Cleveland Clinic, a health care system with hospitals and clinics around the world, said it plans to build a 150-bed hospital in the Palm Beach area and will quadruple the size of an outpatient clinic there. Cleveland has operated …
2024), the District Court of Massachusetts found that “collapse” provisions within a commercial property policy were ambiguous where a floor merely sagged without completely falling to the ground. During the policy period, the insured’s floor “sunk” between eight to 12 inches. LEXIS 127718 (D. 629 F.Supp.2d 2d 1185 (D.
THE IMPORTANCE OF ACCURATE VALUATION IN COMMERCIAL PROPERTY INSURANCE When purchasing or renewing commercial property insurance , it’s important for businesses to ensure their coverage includes correct property valuations. In fact, an estimated 75% of commercial properties are underinsured by 40% or more, according to industry data.
These partnerships not only broaden your client base but also offer a seamless solution to meet customer needs across various policy areas, such as commercial property. Enhancing Commercial Property Offerings One major sector that benefits from robust referral partnerships is commercial property insurance.
Top Building Insurance Pitfalls Here are some common pitfalls to avoid when getting building insurance in the UK: – Underinsuring. Insure your building at the amount that it will cost to rebuild it and not at the current market value when securing block of flats insurance. – Not considering inflation.
Brick commercial office building by Binyamin Mellish Expanding your business to a new location is an exciting step toward growth, but it also introduces new risks. Commercial Liability Insurance to protect against claims related to third-party injuries or property damage. Read the full article at www.markjacksoninsurance.com
Builder’s Risk insurance is critical for residential and commercial construction projects, as it covers the property during construction or renovation. Commercial construction can also involve higher total insurable value (TIV) and more complex coverage needs. Our plan offers various extra coverages and sublimits.
Automatic Fire Alarms in Commercial Properties New Rules 2024 As of October 2024 the London Fire Brigade will cease to attend alarms at commercial properties between the hours of 7am & 8:30 pm. It has been found that 99% of alarms at commercial properties are, in fact, false alarms and take up significant resources.
Introduction Running a business isn’t just about selling products or services; its also about building relationships and growing together. By collaborating with reliable commercial insurance providers, you’re ensuring a win-win scenario where both businesses can thrive.
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. This article explores the intricacies of commercial flood insurance in the UK, highlighting regional variations, challenges, and solutions.
City multi-family landlord insurance : Designed for owners of 2-4 unit properties, including multi-family and mixed-use buildings. No age limit on buildings: Covers well-maintained properties, including older and historic buildings. Other factors, such as commercial use and past claims history, can also impact pricing.
You want to do whatever you can to attract and reach potential new customers, build a lasting connection with current clients (so they stay customers and generate referrals), and rekindle connections with former customers (if they’re still in business and in need of your services).
Focus on: Building strong client relationships that lead to renewals. Call Center or Remote Team Expansion: Use tech to build teams across regions without the overhead of physical offices. Specialized Niche Focus: Build your reputation in one profitable market (e.g., Exploring new product lines or markets to diversify revenue.
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. It provides coverage for physical damage to your property and any loss of income due to business interruption.
Introduction Climate change isn’t just an environmental buzzword; it’s rapidly becoming a pivotal factor in the world of insurance, especially for commercial properties. As our climate continues to evolve, we’re seeing significant impacts on buildings and the businesses that inhabit them.
Introduction Navigating the world of commercial insurance can often feel like walking through a dense fog of myths and misconceptions. Unfortunately, the abundance of myths surrounding commercial insurance may lead many business owners to make decisions that are not in their best interest. This is far from the truth.
Steps to Take Check the Lease Agreement: This document will outline who is responsible for insuring the building. If youre a leaseholder, the freeholder (or management company) typically holds responsibility for buildings insurance. However, the cost is often recovered through service charges.
Building ordinance: Helps landlords cover expenses for meeting updated building codes after damage. No age limit on buildings: Covers well-maintained properties, including older and historic buildings. Building condition: Older properties or those requiring structural updates may have higher insurance rates.
This article explores how various location-based factors affect commercial property insurance rates in California and offers insights for managing these costs effectively. Understanding Location-Based Risk Factors Location plays a pivotal role in determining insurance premiums for commercial properties.
This is where commercial insurance comes into play. Designed to protect your business from unforeseen risks, commercial insurance can offer the peace of mind you need to focus on what truly matters—growing your business and serving your clients. Types of Commercial Insurance Commercial insurance isn’t just a one-size-fits-all solution.
Driver delivering packages by Kampus Production In the commercial auto industry, safety is paramount. With advancements in technology, telematics has emerged as a powerful tool for enhancing commercial driver safety. Leveraging telematics in the commercial driving sector offers a multitude of benefits.
Because of these risks, many standard building insurance policies may not fully cover an unoccupied flat for extended periods, typically beyond 30-60 days. Block of Flats Insurance with Unoccupied Cover A tailored policy that protects both occupied and vacant flats within the same building.
Introduction Navigating the world of commercial insurance can feel a bit like wandering through a maze, with myths lurking around every corner. Myth 1: “Commercial Insurance is Too Expensive” Image courtesy: Unsplash Understanding the Costs Many businesses fear that commercial insurance will break the bank, but this myth needs debunking.
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