Insurance Journal

AUGUST 13, 2024

The main reason for manageable claims … Insured losses from recent riots in the United Kingdom are expected to remain at manageable levels with a limited impact on insurers’ credit profiles, according to credit agency Morningstar DBRS, in a market commentary.

Claim 264

Claim Insurance Insurer Insured 264

Prof. Allan Manning

FEBRUARY 24, 2024

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.

Business Interruption 130

Business Interruption Claim Policy Insurance Industry 130

The Property Insurance Law Observer

SEPTEMBER 23, 2024

The Claim The insured purchased an all-risk insurance policy, providing coverage for property damage, business interruption, and contingent business interruption, among other covered causes and types of loss at the manufacturing facility. It was later determined that there was a leak from a compressed air line.

Damage 130

Damage Business Interruption Property Damage Policy 130

Prof. Allan Manning

FEBRUARY 24, 2023

During that time we have assisted thousands of claimants with their claims, and introduced world leading online services that take the lessons learned from claims, and use them to assist brokers and underwriters be better at their job, and to move the emphasis from price to protection.

Insurance Industry 130

Insurance Industry Business Interruption Claim Insurance 130

Paragon Independent Insurance Agencies

MAY 27, 2024

Commercial Insurance Information Commercial insurance consists of policies to safeguard businesses when financial losses are inevitable. These events may include property damage, liability claims from work-related injuries, break-ins, or business interruption.

Commercial Insurance 40

Commercial Insurance Commercial Protection Business Interruption 40

Jackson & Jackson

APRIL 10, 2024

It protects you from claims arising from accidents or injuries on your property. Business Interruption Insurance Unexpected events can disrupt your operations, leading to significant financial loss. Understanding the Claims Process Before signing up for any insurance policy, understand the claims process.

Commercial Property 52

Commercial Property Commercial Business Interruption Out-Of-Pocket Expense 52

Risk Management Monitor

JUNE 13, 2023

Normal 0 false false false EN-US X-NONE X-NONE Normal 0 false false false EN-US X-NONE X-NONE As the hurricane season gets underway, the following tips can help businesses update and strengthen natural disaster recovery plans: Review your business interruption insurance. Update your current disaster recovery plan.

Business Interruption 40

Business Interruption Claim Risk Insurance Policy 40

LexisNexis

AUGUST 27, 2024

Learn about the steps businesses should take to recover on the business interruption, including contract and indemnity claims, caused by this software failure. Practical Guidance Updates Featuring the latest updates from your Practical Guidance account.

Cyber 40

Cyber Business Interruption Insurance Carrier Insurance Policy 40

Prof. Allan Manning

APRIL 7, 2024

The 2024 Mansfield Awards for Claims Excellence are just over 3 months away and we could really do with your help with ensuring the best of the best win. If you have had a claim yourself or are an adviser who has had a client or clients have a claim, we would really appreciate your taking a few minutes to rate the claims service.

Claim 130

Claim Insurance Industry Insured Insurance 130

Jackson & Jackson

APRIL 26, 2024

It provides coverage for physical damage to your property and any loss of income due to business interruption. Business Interruption : If your business operations are halted due to covered damage to your property, this coverage can compensate for lost income and help pay ongoing expenses.

Commercial Property 52

Commercial Property Property Insurance Commercial Business Interruption 52

Jackson & Jackson

APRIL 28, 2024

However, in the event of a claim, this can lead to substantial out-of-pocket expenses due to insufficient coverage limits. Specialized risks, such as floods, earthquakes, and business interruptions, require additional coverage, which many investors should pay more attention to. This often happens when trying to save on premiums.

Business Interruption 52

Business Interruption Out-Of-Pocket Expense Out-Of-Pocket Broker-Agent 52

Prof. Allan Manning

FEBRUARY 28, 2024

In the claims we are handling we are seeing more and more that the Indemnity Period runs out before the business returns to normal. This is due to a number of issues including but not limited to: Inordinate delays by local councils granting approvals. Often for the most ridiculous of reasons.

Claim 130

Claim Risk Building Policy 130

Protect Commercial Insurance

JULY 26, 2024

It provides coverage for third-party bodily injury or property damage claims that may arise from accidents on your premises or as a result of your products or services. Product liability insurance protects you in case a customer claims that your product caused them harm or damage. It covers legal fees, settlements, and judgments.

Commercial 52

Commercial Insurance Broker General Liability Business Interruption 52

Mark Jackson Insurance Agency

MAY 21, 2024

The Crucial Role of Liability Coverage One of the main concerns for any business, including those based at home, is liability. Commercial liability insurance protects against claims resulting from injuries or damages to people or property during business operations.

Liability 52

Liability Business Interruption Professional Liability Insurance Home Insurance 52

Protect Commercial Insurance

JANUARY 21, 2021

FCA Test Case: Response of non-damage business interruption extensions to COVID-19 losses Supreme Court Decision: Update 19 January 2021 The Supreme Court judgment in the FCA Business Interruption Test Case was published on Friday 15 January 2021.

Business Interruption 52

Business Interruption Policyholder Claim Commercial 52

Cowbell

OCTOBER 11, 2024

Cybercriminals will often target small businesses that may be scrambling to resume operations and are less likely to be vigilant about cybersecurity in the wake of a disaster. This can add another layer of complexity while trying to limit business interruption.

Cyber 52

Cyber Business Interruption Policyholder Protection 52

Risk Management Monitor

JUNE 9, 2023

For businesses, take this as a reminder to examine how your organization will handle fallout from wildfires, for example, reviewing your property insurance, business interruption coverage, disaster recovery plans or emergency communications procedures.

Business Interruption 40

Business Interruption Risk Claim Property Insurance 40

Triple-I: Business Insurance

APRIL 24, 2023

Investment in a lightning protection system could have saved this business owner – and his insurer – the million dollars lost and prevented business interruption. Nearly $1 billion in lightning claims was paid out in 2018 to almost 78,000 policy holders, according to LPI.

Risk 52

Risk Business Interruption Damage Protection 52

Jackson & Jackson

MAY 22, 2024

It covers property damage, loss of income, liability claims, etc. Additionally, it can provide coverage for business interruption, tenant improvements, and liability claims arising from third-party injuries or property damage on the premises.

Property Insurance 52

Property Insurance Commercial Property Commercial Broker-Agent 52

Insurance Journal

AUGUST 26, 2024

RALEIGH, N.C. (AP) AP) — A North Carolina racetrack, shuttered briefly for defying state gathering limits during the pandemic, can sue the top health regulator on allegations that Gov. Roy Cooper’s administration violated the constitutional rights of its operators by trying …

Business Interruption 263

Business Interruption Claim 263

Risk Management Monitor

AUGUST 30, 2021

Not only is this important for overall business operations, but it is also easier to adjust claims when you can show that you recently backed up files. At this time, take a full inventory of damaged materials, as this will be important throughout the claims process, and save any pieces that could help with restoration down the line.

Risk 74

Risk Damage Business Interruption Building 74

Insurance Journal

OCTOBER 21, 2024

Weeks after a chemical warehouse fire in Rockdale County, Georgia, released plumes of toxic smoke, nearby residents can now leave their homes at night after officials lifted a shelter in place order. For the lab’s owner and investors, the trouble …

Business Interruption 147

Business Interruption Property Insurance Claim Liability 147

Risk Management Monitor

OCTOBER 25, 2022

Wage and labor inflation also remain a challenge in a tight (though softening) labor market as companies either cannot fully staff their businesses or are spending more to attract and retain talent. The insurance industry has already seen several supply chain and inflation-driven Security Class Action claims.

Risk 40

Risk Business Interruption Insurance Insurer 40

Hunton Andrews Kurth

MARCH 11, 2021

Given the heightened risk to its business posed by a disruption stemming from food contamination, Nashville Underground purchased a special coverage for business interruption due to “Food Contamination.” When Nashville Underground sought coverage under its policy, AMCO denied the claim.

Business Interruption 52

Business Interruption Injury Policy Policyholder 52

Prof. Allan Manning

FEBRUARY 29, 2024

One of the ever increasing costs of being a landlord, particularly in Victoria is land tax and property rates. The values of properties are being reviewed by state governements and/or local councils and it is going up year on year.

Commercial 130

Commercial Broker Protection Business Interruption 130

Protect Commercial Insurance

MAY 30, 2024

As a business owner, it is crucial to protect your empire from various risks and threats that can potentially disrupt your operations and financial stability. In this article, we will explore different types of insurance coverage that can help safeguard your business from property damage, liability claims, cyber threats, and more.

Cyber 52

Cyber Business Insurance Business Interruption Professional Liability Insurance 52

Protect Commercial Insurance

MAY 24, 2024

In this article, we will explore five often overlooked insurance policies that can provide valuable coverage for your business. General Liability Insurance General liability insurance is a fundamental policy that covers your business against claims of bodily injury, property damage, and personal injury.

Insurance Policy 52

Insurance Policy Protection Policy Business Interruption 52

ProWriters

OCTOBER 2, 2024

They Don’t Understand What Cyber Insurance Offers Many business owners believe Cyber Insurance policies aren’t worth the expense because they don’t provide much coverage.

Insurance Broker 52

Insurance Broker Cyber Broker Protection 52

Jackson & Jackson

MAY 23, 2024

Understanding Small Business Insurance in California The Basics of Business Insurance Before diving into the world of insurance savings, it’s crucial to understand the basics of business insurance. Small business insurance covers property damage, liability claims, and employee-related risks.

Small Business Insurance 52

Small Business Insurance Business Insurance Insurance Insurer 52

Risk Management Monitor

SEPTEMBER 30, 2022

It is also important that a business establishes a single point of contact for talking with the adjuster, broker claims person, and others that will be dealing with the claim on the site. Generally, any information substantiating the claim can become part of your proof of claim, including photos, videos, receipts and records.

Damage 75

Damage Claim Broker-Agent Risk 75