Insurance Journal

DECEMBER 15, 2024

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 …

Insurance Carrier 246

Insurance Carrier Claim Business Interruption Insured 246

ProWriters

OCTOBER 2, 2024

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.

Insurance Broker 86

Insurance Broker Cyber Broker Protection 86

Jackson & Jackson

APRIL 28, 2024

Ensure your policy covers replacement costs rather than actual cash value, as this accounts for the depreciation of your assets. Mistake 2: Overlooking Additional Necessary Coverages Standard property insurance policies do not cover everything. In California, consider adding earthquake and flood insurance.

Business Interruption 52

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

Jackson & Jackson

APRIL 10, 2024

Business Interruption Insurance Unexpected events can disrupt your operations, leading to significant financial loss. Business interruption insurance compensates for lost income during these periods, helping you keep your business afloat until you can resume normal operations.

Commercial Property 52

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

Paragon Independent Insurance Agencies

MAY 27, 2024

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.

Commercial Insurance 40

Commercial Insurance Commercial Protection Business Interruption 40

Protect Commercial Insurance

MAY 30, 2024

Professional liability insurance , also known as errors and omissions insurance, is crucial for service-based businesses and protects against claims of negligence or inadequate work. It provides coverage for lost income, ongoing expenses, and additional costs incurred during the period of interruption.

Cyber 52

Cyber Business Insurance Business Interruption Professional Liability Insurance 52

Paragon Independent Insurance Agencies

DECEMBER 16, 2024

Cyber liability insurance from Paragon Independent Insurance Agency can provide the safeguard you need to protect your investments, assets, and reputation where traditional insurance policies may fall short. Some cyber liability insurance policies also provide mitigation support when tackling negative publicity.

Commercial Property 40

Commercial Property Liability Insurance Cyber Liability 40

Mark Jackson Insurance Agency

MAY 21, 2024

Home Office Desk by Ken Tomita The rise of home-based businesses has been one of the most significant shifts in the modern work landscape. While operating a business from home offers convenience and flexibility, it also necessitates careful consideration of insurance needs.

Liability 52

Liability Business Interruption Home Insurance Professional Liability Insurance 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. Cybersecurity Insurance Analyze types of risk to an enterprise that may be covered by cybersecurity insurance.

Cyber 40

Cyber Business Interruption Insurance Policy Insurance Carrier 40

Protect Commercial Insurance

NOVEMBER 15, 2024

Designed to protect your business from unforeseen risks, commercial insurance can offer the peace of mind you need to focus on what truly matters—growing your business and serving your clients. Understanding Economic Uncertainty In the ever-evolving world of business, economic uncertainty is a term that often pops up.

Commercial Insurance 52

Commercial Insurance Commercial Protection Business Interruption 52

Mark Jackson Insurance Agency

NOVEMBER 22, 2024

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.

Business Interruption 52

Business Interruption Theft Liability Insured 52

Protect Commercial Insurance

JUNE 27, 2024

Insurance policies such as property, liability, and professional indemnity can provide a crucial safety net, making it essential for businesses of all sizes. Thus, investing in the appropriate insurance policies ensures that small businesses can survive adverse events and maintain continuity.

Commercial Insurance 52

Commercial Insurance Commercial Cyber Business Interruption 52

Protect Commercial Insurance

JULY 26, 2024

Product liability insurance protects you in case a customer claims that your product caused them harm or damage. Some insurers offer discounts for factors like having a security system in place, being in business for a certain number of years, or having a claims-free history. It covers legal fees, settlements, and judgments.

Commercial 52

Commercial Insurance Broker General Liability Business Interruption 52

ProWriters

MAY 28, 2024

How can you stress the need for Cyber Liability Insurance for contractors to your clients? Read on for information you can use about cyber risks contractors face—as well as how a strong Cyber Insurance policy can help protect them.

Cyber 52

Cyber Business Interruption Insured Insurer 52

Mark Jackson Insurance Agency

DECEMBER 16, 2024

Assess Property Coverage If youve invested in new equipment, upgraded technology, or relocated to a new office, your property insurance policy may need an update. Verify that your coverage includes replacement costs for all your physical assets and that your current policy reflects any significant changes.

Business Insurance 52

Business Insurance Liability Cyber Business Interruption 52

ProWriters

NOVEMBER 17, 2024

Policies can help cover the costs of ransom payments, data recovery, business interruptions, and more.

Cyber 83

Cyber Insured Insurer Insurance 83

Risk Management Monitor

MARCH 4, 2022

A wide range of risks are trickling down from Russia’s assault on Ukraine , from sanctions compliance to supply chain disruption to business interruption.

Cyber 56

Cyber Business Interruption Risk Policy 56

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. When it comes to your insurance policies, it is critical to verify that your coverage includes appropriate, up-to-date limits and deductibles. Read the Fine Print.

Risk 74

Risk Damage Building Business Interruption 74

Property Insurance Centre

JANUARY 16, 2025

Flood damage can include physical destruction of property, inventory loss, and business interruption costs, making insurance a vital component of risk management. Business Interruption: Compensation for lost income during downtime caused by flooding.

Commercial 52

Commercial Commercial Property Insured Insurer 52

Protect Commercial Insurance

NOVEMBER 22, 2024

A single incident can be financially crippling, but insurance shields you from unprecedented risks. Investing in the right policy can save you a lot of money in the long run. Each policy is unique and can vary widely in what it covers. However, many businesses mistakenly believe that this coverage is all-encompassing.

Commercial Insurance 52

Commercial Insurance Commercial Cyber Insured 52

Jackson & Jackson

MAY 23, 2024

This thorough assessment will help you anticipate potential challenges and tailor your insurance coverage accordingly. Once you have a clear understanding of your risks, you can seek out insurance policies that provide the necessary coverage while avoiding unnecessary expenses.

Small Business Insurance 52

Small Business Insurance Business Insurance Insured Insurer 52

Protect Commercial Insurance

NOVEMBER 8, 2024

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.

Commercial Insurance 52

Commercial Insurance Commercial Premium Deductible 52

Protect Commercial Insurance

OCTOBER 25, 2024

Introduction When it comes to safeguarding your business, selecting the right insurance policy is crucial. It can be quite a daunting task with so many options out there, and understanding each policy’s intricacies is essential for your peace of mind and financial wellbeing.

Business Insurance 52

Business Insurance Liability Insurance Liability Policy 52

Protect Commercial Insurance

DECEMBER 6, 2024

Insurance companies will need to design comprehensive cyber insurance policies that not only cover financial losses but also offer resources for incident recovery and cyber threat intelligence. As we look towards 2025, businesses are keenly aware of the potential for future global health crises.

Commercial Insurance 52

Commercial Insurance Commercial Insured Insurer 52

Jackson & Jackson

MAY 22, 2024

For instance, a policy might cover repairing or replacing a roof damaged by a storm or the value of stolen office equipment. It protects against perils like fire, explosions, storms, and other risks outlined in the policy. A comprehensive insurance policy that includes essential coverage, such as fire, theft, and liability, is crucial.

Property Insurance 52

Property Insurance Commercial Property Commercial Insured 52

Risk Management Monitor

SEPTEMBER 30, 2022

Gather insurance policies and related insurance records. If your policy was destroyed or is lost, contact your insurance company or agent/broker to request a copy. Contact other business partners who may have copies of your insurance policies and records, such as attorneys and accountants.

Damage 75

Damage Claim Broker-Agent Risk 75

Prof. Allan Manning

JANUARY 29, 2025

Last week I posted an article in regard to terrorism coverage under commercial property, and/or business interruption policies. In a day or two I will address Strata and after than residential landlord policies, and finally private motor. . I also touched on commercial liability coverage. ” [ emphasis mine] 1.

Policy 208

Policy Business Interruption Risk Commercial 208

Protect Commercial Insurance

MARCH 14, 2025

Its not merely about ticking a box; it’s about ensuring that your business premises and valuable assets are protected from a host of potential disasters. Definition and Purpose Commercial property insurance, at its core, is a type of insurance policy designed to protect business properties from various risks.

Commercial Property 52

Commercial Property Property Insurance Commercial Business Interruption 52