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Insurance for Apartment Building Owners: Protecting Your Client’s Investments With the Right Coverage

Distinguished

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.

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Insurance Considerations When Expanding Your Business to a New Location

Mark Jackson Insurance Agency

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. Without the right coverage, unforeseen challenges—such as property damage, employee injuries, or legal issues—could put your investment at risk.

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A Comprehensive Guide to Understanding Commercial Property Insurance

Protect Commercial Insurance

Image courtesy: Unsplash Definition and Overview Commercial property insurance is a type of insurance designed to protect your business premises and the contents within from loss or damage. Here’s why it’s crucial: – Financial Protection : In the event of loss or damage, the costs can be exorbitant.

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Key Strategies for Protecting Your Collection

Distinguished

Tell us about your mission, origins, building, collection’s basis, exhibitions, staff, and what makes your institution unique. Notify your insurer and broker as soon as possible, detailing how, when, and where the loss occurred and what property may be damaged. Take all reasonable steps to protect yourself from further damage.

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Does Builder’s Risk Coverage Differ for Residential vs. Commercial Construction Projects?

Distinguished

While Builder’s Risk policies for both types of projects offer similar coverage, such as insuring for damage to the structure from fire, theft, and other covered perils, there are important distinctions between residential and commercial coverage. Limits of up $20 million are available, depending on the construction type and state.

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

Distinguished

Builder’s Risk Insurance covers property during the course of construction, whether it’s a new build or renovation. 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. damage to the structure under construction).

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Distinguished Programs Announces New Sustainability Initiatives in Fine Art & Collectibles Program 

Distinguished

The program now offers discounts for items stored in LEED-certified buildings, promoting environmentally responsible storage solutions for valuable collections. “By offering incentives for sustainable practices, we are supporting their efforts to make a positive environmental impact while ensuring their collections are protected.”