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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

Commercial property insurance covers several types of water damage, but understanding the specifics is vital. Many business owners find themselves surprised by what their policies do and don’t cover. Sudden and Accidental Water Damage Most commercial property insurance policies cover sudden and accidental water damage.

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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

As an insurance broker, you likely recognize that while these technologies drive business operations, they also increase vulnerability to cyber crime, making Cyber Insurance a necessity for your clients. Helping your clients understand cyber risks and Cyber Insurance policy jargon can be challenging.

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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. Don’t let your policy auto-renew without considering other options.

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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.

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How To Save Money On Your Commercial Insurance

Protect Commercial Insurance

Understanding Commercial Insurance Commercial insurance is an essential part of safeguarding your business against unforeseen events that could lead to financial loss. Having the right insurance policy is vital for the continuity and smooth operation of any business.