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Court Says Loose Bolt Remedied by Tightening Does not Constitute “Direct Physical Loss of or Damage” to Property

The Property Insurance Law Observer

American Guarantee and Liability Insurance Company , the United States District Court for the District of Massachusetts held that a loose bolt or fitting that could be remedied simply by tightening it did not constitute “direct physical loss of or damage” to equipment covered under an all-risk property insurance policy. [1]

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Essential Business Insurance Guide: Safeguarding Your Property From Cyber Threats

Protect Commercial Insurance

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.

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Navigating Commercial Property Insurance: A Guide for New Investors in California

Jackson & Jackson

It provides coverage for physical damage to your property and any loss of income due to business interruption. Key Coverages for California Property Investors Property Damage : Covers damage to your buildings and contents caused by fire, theft, vandalism, and natural disasters.

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Commercial Insurance and Protection of Business Property

Paragon Independent Insurance Agencies

These events may include property damage, liability claims from work-related injuries, break-ins, or business interruption. Protection of Business Property Commercial insurance protects all business property, including buildings on the land, equipment in the yard, inventory, and other assets owned by the company.

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

Protect Commercial Insurance

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.

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How Seasonal Businesses Can Optimize Insurance Coverage

Mark Jackson Insurance Agency

Balancing Coverage and Budget Constraints One significant challenge for seasonal businesses is balancing comprehensive coverage with budget constraints. While your business may only operate for part of the year, risks like property damage, liability claims, or equipment theft don’t follow a calendar.

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Understanding Commercial Flood Insurance in the United Kingdom

Property Insurance Centre

Wales: Coastal communities, including those in the Vale of Glamorgan, have experienced storm surges that inundated local businesses. Flood damage can include physical destruction of property, inventory loss, and business interruption costs, making insurance a vital component of risk management.