article thumbnail

Mistakes in setting sums insured / declared value where the Insured elects an Indemnity Period of less than 12 months.

Prof. Allan Manning

I recall the very first business interruption claim I did was for a risk in Toowoomba and to my horror found that the Insured had only declared 3 months insurable gross profit with a 3-month Indemnity Period. of their loss.

article thumbnail

Philadelphia Eagles Seek to Extend Covid-19 Business Insurance Bid Into Overtime

Insurance Journal

The Philadelphia Eagles football organization wants to force its case for Covid-19 business interruption insurance against insurer Factory Mutual Insurance Co. into overtime, arguing that its situation is unlike any other that already has been decided. The Pennsylvania Supreme Court …

Insiders

Sign Up for our Newsletter

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

article thumbnail

A Guide to Business Interruption Insurance in Germany

Top Insurance Blogs

As an insurance agent with over a decade of experience in Germany, I’ve witnessed firsthand how unforeseen events can disrupt business operations. Business Interruption Insurance (Betriebsunterbrechungsversicherung) is crucial for safeguarding your enterprise against such disruptions.

article thumbnail

Tailoring Business Insurance for the Hospitality Industry in Germany

Top Insurance Blogs

From boutique hotels in Munich to family-owned restaurants in Berlin, Ive helped many of them protect their business and, by extension, their finances. If theres a common factor Ive noticed in all, its the […] The post Tailoring Business Insurance for the Hospitality Industry in Germany appeared first on My Top Insurance Blogs.

article thumbnail

Reflecting on the first 25 Years of LMI Group

Prof. Allan Manning

L oss Management International (Post loss Claims Preparation and Loss Adjusting) , Risk Management International (Pre Loss policy program reviews and business interruption sum insured reviews), and Claims Management International (Post Loss Third Party Administration services) based in Melbourne, Australia.

article thumbnail

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. From property protection to liability coverage, ensuring your business insurance policies align with your expansion is critical.

article thumbnail

Celebrating 24 years of service to the general insurance industry

Prof. Allan Manning

A number of pre loss services are also provided by the LMI Group, including Business Interruption Sum Insured Reviews, Policy Drafting, Insurance Program Reviews, Risk Surveys, and Risk Engineering Services along with Business Continuity Management Services, and Cyber Security Reviews.