Insurance Marine News

SEPTEMBER 8, 2024

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Building 52

Building Marine Insured Insurer 52

Prof. Allan Manning

MARCH 11, 2024

Could you advise why the Steadfast Wording requires a sub-limit for Unabandoned Undamaged Portion of a Building. Abandoned Undamaged Portion of a Building is yet another extension which is there for the benefit of the Insured. The following question was asked of one of the LMI team who intern asked me to address it.

Building 130

Building Damage Premium Risk 130

Distinguished

JANUARY 22, 2025

Provided eligibility requirements are met, the Renewal Certificate locks in the expiring premium for the next two policy terms, provided there are no premium-bearing midterm changes (e.g., increased limits), provides a new set of limits of liability and expiring coverage.

Policy 52

Policy Broker-Agent Inland Marine Liability 52

Mark Jackson Insurance Agency

MARCH 19, 2025

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. Inland Marine Insurance to cover heavy equipment or machinery. Business Owners Policy for general business coverage.

Workers Compensation 52

Workers Compensation Liability Property Damage Inland Marine Insurance 52

Distinguished

APRIL 9, 2025

Many traditional carriers want to enter these markets but lack the time or resources to build an in-house underwriting team. An MGA bridges the gap between insurers and distribution channels like agents, brokers, and online platforms, particularly in specialized insurance markets, such as hotels, landlords, or restaurants.

Agents 52

Agents Broker-Agent Broker Underwriter 52

Distinguished

OCTOBER 30, 2024

Project Type and Scale Residential construction typically involves building or renovating single-family homes , duplexes, or small multi-family units, while commercial projects are often larger in scale and can involve office buildings, retail spaces, multi-unit housing, or industrial facilities.

Commercial 52

Commercial Risk Broker-Agent Building 52

Distinguished

OCTOBER 31, 2024

Tell us about your mission, origins, building, collection’s basis, exhibitions, staff, and what makes your institution unique. What you should share with the insurance company to help save on cost without compromising coverage. Paint a picture – it’s more than just what’s on the application.

Protection 52

Protection Broker-Agent Inland Marine Broker 52

Distinguished

AUGUST 12, 2024

We’ll explore the wide range of projects covered, from single-family homes to commercial buildings, and examine the comprehensive coverages that protect your clients’ investments. Under-construction buildings : Covers damages to buildings or structures that are under construction, renovation, or undergoing betterment.

Risk 52

Risk Broker-Agent Insured Insurance 52

Distinguished

SEPTEMBER 17, 2024

“We have incredible conviction that Trevor will build a business that is responsive to his customer needs and provide exceptional underwriting results to American Surety.” “It is a privilege to spearhead the Surety program with Distinguished,” says Trevor Hash, President of Distinguished Surety.

Inland Marine 52

Inland Marine Broker-Agent Underwriter Underwriting 52

Distinguished

OCTOBER 15, 2024

Builder’s Risk Insurance covers property during the course of construction, whether it’s a new build or renovation. Distinguished’s Builder’s Risk Policy Our Builder’s Risk policy covers building costs, foundations, onsite materials, off-site materials in transit, fixtures, equipment, and temporary structures like scaffolding.

Policy 52

Policy Risk Broker-Agent Liability 52

Protect Commercial Insurance

APRIL 11, 2025

Types of Coverage Available Commercial property insurance usually provides several types of coverage, allowing businesses to tailor policies to their precise requirements: – Building Coverage : Protects the physical structure of your business, including fixtures and fittings.

Commercial Property 52

Commercial Property Property Insurance Commercial Insurance 52

Distinguished

AUGUST 26, 2024

Under-construction buildings can be prone to fire, vandalism, and theft, which can end up costing their backers and owners millions. Distinguished’s Builder’s Risk Program covers all kinds of buildings in Michigan, including single-family homes , mixed-use buildings , and commercial properties.

Risk 52

Risk Broker-Agent Insured Insurance 52

Distinguished

SEPTEMBER 10, 2024

This includes projects that involve: Betterments Renovations New Construction We also insure a variety of building types, including single-family homes , mixed-use buildings , and commercial properties. Distinguished’s Builder’s Risk program insures a variety of the most common construction projects. Register with us.

Risk 52

Risk General Liability Broker-Agent Insured 52

Distinguished

NOVEMBER 4, 2024

A dynamic sales and risk management executive, Proniuk brings more than a decade of experience, with expertise in relationship building, pipeline development, and strategic growth. He has a deep understanding of luxury consumer buying behavior and values the importance of strategic relationships for expanding market opportunities.

Broker-Agent 52

Broker-Agent Inland Marine Broker Agents 52

Distinguished

AUGUST 7, 2024

The program now offers discounts for items stored in LEED-certified buildings, promoting environmentally responsible storage solutions for valuable collections. These initiatives reflect Distinguished’s commitment to environmental stewardship in the industry.

Broker-Agent 52

Broker-Agent Inland Marine Broker Agents 52

Distinguished

SEPTEMBER 25, 2024

Whether it’s a construction project for a single-family home , a mixed-use building , or a commercial property, Distinguished’s Builder’s Risk Program has got it covered. Property damage : Damages to the building that is being constructed or renovated. What Does Distinguished’s Builder’s Risk Cover?

Risk 52

Risk Broker-Agent Insured Insurance 52

Distinguished

SEPTEMBER 17, 2024

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. We can consider a prior start if it’s in the early stages of the project. Loss experience.

Risk 52

Risk Broker-Agent Deductible Insured 52

Distinguished

JULY 8, 2024

Q: Is there an age limit for buildings to be eligible for the property program? The most important consideration is the updates and improvements that have been made to the building since its construction. Our underwriters will look at the security the hotel has in place. A: There is no age limit.

Insurance Broker 52

Insurance Broker Broker Broker-Agent Insurance 52

Majesco

FEBRUARY 13, 2025

This builds an avenue for regular communication to enhance trust and loyalty. CAGR by 2031 | Chubb, Tokio Marine HCC, Insurance Newsnet, June 24, 2024, [link] The post How Much New Risk Can Insurance Customers and Insurers Take? appeared first on Majesco.

Risk 52

Risk Insurance Insurer Insured 52

Distinguished

OCTOBER 1, 2024

In some rare instances where clients are unable to install centrally monitored alarms due to association rules in condo or co-op buildings, we can accept 24-hour doorman or alternate equivalent protections in lieu of centrally monitored alarms. Q: Is an alarm system required to get insurance for personal collections?

Broker 52

Broker Broker-Agent Inland Marine Insurance 52

Protect Commercial Insurance

OCTOBER 25, 2024

– Inland Marine Insurance for transporting equipment and goods. Remember, this isn’t just about ticking boxes; it’s about safeguarding the dreams you’ve worked so hard to build. For example, technology companies may need cyber liability insurance, while a restaurant might look into food contamination insurance.

Business Insurance 52

Business Insurance Liability Insurance Liability Policy 52

Bankers Insurance

MAY 8, 2024

If a storm is projected to hit your area, consider these tips: Build an emergency kit and make a family communications plan. A second option is to board up windows with 5/8-inch marine plywood, cut to fit and ready to install. If you live in a high-rise building, be prepared to take shelter on or below the 10th floor.

Damage 52

Damage Building Insurance Agent Insurance Agents 52