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Protect Your Business: 5 Essential Insurance Policies You Might Be Overlooking

Protect Commercial Insurance

While you may have the basic insurance policies in place, such as property and general liability insurance, there are several other essential insurance policies that you might be overlooking. Additionally, general liability insurance typically does not cover claims related to professional services or cyber incidents.

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

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Builder’s Risk Insurance covers property during the course of construction, whether it’s a new build or renovation. The answer lies in both parties’ financial interest in the property and how that impacts the insurance policy’s structure. Our Builder’s Risk program can also be designed to cover soft costs in the event of a loss.

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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.

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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.

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Builder’s Risk Insurance Declinations: An Interview With Susan DeCarlo

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So, for example, on a new build if they’re 30 to 60 days in, we can consider that risk. For example, on a remodeler’s project, the second floor has collapsed, or the overall integrity of the building looks compromised. Loss experience. We can consider a prior start if it’s in the early stages of the project.

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