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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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Does Commercial Property Insurance Cover Water Damage?

Tosten Marketing

Insurance companies expect property owners to address these problems promptly. Business Interruption Insurance: Protecting Your Bottom Line Water damage often forces businesses to close temporarily for repairs. Business interruption insurance covers lost income and ongoing expenses during these periods.

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NC Supreme Court Bucks Trend, Finds COVID Caused Physical Loss to Restaurants

Insurance Journal

Courts across the country have overwhelmingly ruled in favor of insurance carriers in claims disputes following the government-ordered closures of businesses during the COVID-19 pandemic. The North Carolina Supreme Court last week bucked that trend, becoming just the second state …

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How Partnering With a Cyber Insurance Broker Protects Your Clients

ProWriters

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. The right Cyber Liability Insurance broker can help you find coverage that fits your specific risks. Connect with us today to learn more!

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Maximise Your Business Growth: 4 Essential Tips to Secure Your Commercial Tailors Insurance

Protect Commercial Insurance

Product liability insurance protects you in case a customer claims that your product caused them harm or damage. Insurance premiums can vary significantly between providers, so it’s essential to compare quotes from multiple insurers. It covers legal fees, settlements, and judgments.

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Recall Roundup: February

Hunton Andrews Kurth

Nashville Underground LLC—“nationally acclaimed, seven-story restaurant, bar, night club and live music venue” located in downtown Nashville—procured a commercial property policy from AMCO Insurance Company (AMCO) to protect it from fortuitous catastrophic events. food-related illness of one or more persons arising out of . . .

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Save Money on Small Business Insurance in California

Jackson & Jackson

Furthermore, California’s stringent regulations and consumer protection laws add another layer of complexity to the insurance market. These regulations ensure that insurance companies operate fairly and transparently, providing consumers with adequate protection and recourse in case of disputes.