Remove Building Remove Compensation Remove Financial Loss
article thumbnail

What risks does your business face? Here are 5 you should know.

Frankenmuth Insurance

They can cause significant damage to your property, disrupt your operations, and lead to substantial financial losses. Invest in structural reinforcements, such as storm shutters or updated windows, and ensure your building meets local safety codes. Get a workers compensation policy. Protect yourself financially.

Risk 81
article thumbnail

5 Essential Considerations for Insurance When Buying or Investing in Commercial Property

Jackson & Jackson

It covers the physical structure of your building and its contents against fire, theft, and some natural disasters. Business Interruption Insurance Unexpected events can disrupt your operations, leading to significant financial loss.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Landlord’s Insurance for Beginners

Cover4LetProperty

While landlord insurance typically isn’t a legal requirement, if you have a mortgage on the property, then in most cases you will be legally obliged to ensure you have (at the very least) adequate landlords buildings insurance to protect both you and your mortgage provider’s financial interests in the property.

Insurer 60
article thumbnail

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.

article thumbnail

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. Business Interruption: Compensation for lost income during downtime caused by flooding.

article thumbnail

Essential Business Insurance Guide: Safeguarding Your Property From Cyber Threats

Protect Commercial Insurance

Property Insurance Property insurance is a fundamental coverage that protects your business’s physical assets, including buildings, equipment, inventory, and furniture, from perils such as fire, theft, vandalism, and natural disasters.

Cyber 52
article thumbnail

Types of landlord insurance

Cover4LetProperty

Landlord insurance typically includes cover for the building structure, as well as optional cover for any contents owned by the landlord that are included with the rental property. This insurance typically goes beyond standard home insurance to address the unique risks and liabilities associated with being a landlord.

Insurer 52