Property Insurance Coverage Law

AUGUST 14, 2024

Fires, thefts, and other unexpected events can bring business to a halt, leading to significant revenue losses. That’s where business income insurance comes in. Business income insurance, also known as business interruption insurance, helps cover the loss of income … The post What Is Business Income Insurance?

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Business Interruption Theft Insurance Insurer 203

Insurance Journal

JANUARY 23, 2025

Descartes Underwriting has announced the launch of a parametric insurance product to protect utility-scale solar farms against tornado damage. According to a press release, the coverage uses satellite data and analytics to insure transition-sector investments against physical damage, business interruption …

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Business Interruption Underwriting Underwriter Damage 217

Insurance Journal

SEPTEMBER 24, 2024

Insurers have failed to win dismissal of a federal COVID-19 business interruption lawsuit against them by the luxury hotel chain Mandarin Oriental. Judge John P. Cronan of U.S District Court in New York found that endorsement language about coverage for …

Business Interruption 162

Business Interruption Claim Insurance Insurer 162

Prof. Allan Manning

JULY 29, 2024

Special thanks to Ben Szczerbinski from CGU Claims who stepped in at very short notice when one of our insurer presenters took ill with COVID. Realising the importance of ongoing learning, LMI held their annual conference for the claims team in Sydney last week. Something that LMI Group take very seriously.

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Claim Business Interruption License Policy 214

Elmore

AUGUST 22, 2024

The post CrowdStrike and contingent business interruption insurance appeared first on Elmore Insurance Brokers. Unlike fungible (interchangeable) digital assets, such as Bitcoin and Ethereum, NFTs are unique. That means they cannot be traded one for the other, as each NFT has its own unique independent value.

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Business Interruption Insurance Broker Insurance Insurer 52

Tosten Marketing

FEBRUARY 27, 2025

Water damage can wreak havoc on commercial properties, leading to costly repairs and business disruptions. At Tosten Marketing, we often hear from business owners wondering about their insurance coverage for such incidents. Commercial property insurance water damage coverage is a complex topic with many nuances.

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Commercial Property Property Insurance Damage Commercial 52

Insurance Journal

OCTOBER 4, 2024

The Pennsylvania Supreme Court has reversed lower court rulings and denied a dentist’s bid for insurance coverage for loss of use of his offices due to the COVID-19 pandemic. The high court concluded in a case involving CNA and Valley …

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Insurance Insurer Insured Business Interruption 278

Insurance Journal

SEPTEMBER 6, 2024

The owners of London’s ExCel conference center on Friday won an appeal brought by insurers, including Allianz, over pandemic-related losses, which its lawyers said could help thousands of other policyholders. London International Exhibition Centre Plc took legal action at London’s …

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Policyholder Insurance Insurer Insured 264

Prof. Allan Manning

MARCH 4, 2025

We naturally hope that the cyclone changes course again and moves away from the coast but if the predications are correct and it will hit landfall in a very populus part of Australia, both organisations are set to provide the best possible response to those affected and their insurers and general insurance brokers.

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Insurance Broker Broker Claim Business Interruption 235

Prof. Allan Manning

FEBRUARY 24, 2024

Today marks LMI Group’s quarter century of service to the insurance industry and wider communities. February 2000: Development of first Training Module – Business Interruption. May 2002: First of now 17 books on insurance and risk management launched. May 2000: First manual Policy Comparisons developed.

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Business Interruption Claim Policy Insurance Industry 130

Insurance Journal

AUGUST 13, 2024

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. The main reason for manageable claims …

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Claim Insurance Insurer Insured 264

Property Insurance Coverage Law

OCTOBER 27, 2024

The recent voluntary dismissal of the Erie COVID-19 Business Interruption Protection Insurance Litigation marks the end of a significant chapter in insurance coverage law.1

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Business Interruption Policyholder Property Insurance Insurance 100

Prof. Allan Manning

FEBRUARY 24, 2023

Speaking of New Zealand, our team are providing valuable assistance to many insureds effected by the Auckland storms and ex-cyclone Gabrielle. With more and more clients experience mental health issues, LMI were the first to include a clinical psychologist as part of our team through Mastering our Minds.

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Insurance Industry Business Interruption Claim Insurance 130

Mark Jackson Insurance Agency

MARCH 19, 2025

From property protection to liability coverage, ensuring your business insurance policies align with your expansion is critical. Heres what to consider from an insurance and risk management perspective when opening a new location. Workers Compensation Insurance to cover employee injuries on the job.

Workers Compensation 52

Workers Compensation Liability Property Damage Inland Marine Insurance 52

Insurance Journal

DECEMBER 16, 2024

The Philadelphia Eagles football team has lost its bid for federal court reconsideration of the dismissal of the team’s claim for insurance coverage for COVID-19 losses. The Eagles tossed a red flag in November after the federal district for Eastern …

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Claim Insurance Claim Insurance Insurer 246

Property Insurance Centre

FEBRUARY 10, 2025

What Perils Are Covered by Commercial Property Insurance? Commercial property insurance is essential for businesses to protect their assets from unforeseen events. But what exactly does commercial property insurance cover? ” If a peril is explicitly listed in the policy, the insurer will cover the damage it causes.

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Commercial Property Property Insurance Commercial Boiler and Machinery 52

The Property Insurance Law Observer

SEPTEMBER 23, 2024

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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Damage Business Interruption Property Damage Policy 130

Protect Commercial Insurance

APRIL 11, 2025

Introduction Hello UK business owners! Navigating the world of insurance can feel overwhelming, especially when it comes to understanding commercial property insurance. This friendly guide will walk you through the essentials of commercial property insurance, helping you protect your business premises and assets with confidence.

Commercial Property 52

Commercial Property Property Insurance Commercial Insurance 52

Distinguished

FEBRUARY 24, 2025

However, for insurance brokers, the wide spectrum of restaurants represents both a challenge and an opportunity. With thousands of restaurants in Charlotte and across North Carolina, the need for comprehensive insurance coverage is vital. What Does Distinguisheds Restaurant Insurance Cover?

Liability 52

Liability Liability Insurance Insurance Insurer 52

Elmore

JANUARY 25, 2025

Judges to decide if insurance groups can deduct government funds from payouts for business interruption The post Insurers in court battle with UK businesses over Covid furlough scheme appeared first on Elmore Insurance Brokers.

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Business Interruption Deductible Insurance Broker Broker 52

Protect Commercial Insurance

MAY 24, 2024

While you may have the basic insurance policies in place, such as property and general liability insurance, there are several other essential insurance policies that you might be overlooking. In this article, we will explore five often overlooked insurance policies that can provide valuable coverage for your business.

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Insurance Policy Protection Policy Business Interruption 52

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 …

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Insurance Carrier Claim Business Interruption Insurance 246

ProWriters

OCTOBER 2, 2024

Modern businesses rely on cloud storage, connected digital devices, and online apps to serve their clients. 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.

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Insurance Broker Cyber Broker Protection 86

Insurance Journal

JULY 15, 2024

A Connecticut-based manufacturer has been denied another opportunity to seek $100 million in insurance coverage for business losses it claims it sustained because of the COVID-19 virus. Amphenol Corp.– a manufacturer of connectors, antennas, sensors, and high-speed specialty cable – …

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Claim Business Interruption Insurance Insurer 267

Insurance Journal

JANUARY 22, 2025

A cannabis growing company has lost its bid to have its insurer cover $1.3 million in claimed business income losses after a building fire damaged almost 1,000 of its marijuana plants and shuttered one of its “flowering” rooms. A federal …

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Damage Claim Building Business Interruption 246

Paragon Independent Insurance Agencies

MAY 27, 2024

Commercial insurance is vital for protecting business property, assets, and operations from various risks and liabilities around Plano, TX. Commercial Insurance Information Commercial insurance consists of policies to safeguard businesses when financial losses are inevitable.

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Commercial Insurance Commercial Protection Business Interruption 40

Jackson & Jackson

APRIL 26, 2024

One of the most crucial aspects to consider is commercial property insurance. This guide aims to help new investors understand the basics of commercial property insurance in California, ensuring that their investments are protected against unforeseen events.

Commercial Property 52

Commercial Property Property Insurance Commercial Business Interruption 52

ProWriters

NOVEMBER 17, 2024

Experts estimated ransomware attacks were hitting businesses every 11 seconds in 2021. As a Cyber Insurance broker, you need to help your business clients understand the dangers ransomware poses, how to defend against them, and why Cyber Insurance is an indispensable part of any sound security strategy. population.

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Cyber Insurance Insurer Insured 83

Jackson & Jackson

APRIL 28, 2024

Investing in property in California is a significant financial decision, and safeguarding your assets with the right insurance is crucial. However, many property investors, especially those new to the field, fall into common traps with their insurance choices. In California, consider adding earthquake and flood insurance.

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

Triple-I: Business Insurance

OCTOBER 1, 2024

However, the strike’s impact will be significantly mitigated by current inventories for each of the impacted insurable goods and the tightness of related just-in-time supply chains. Another way the insurance industry would be affected is from losses from coverage protecting against adverse business costs of events, such as strikes.

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Insurance Industry Business Interruption Commercial Property Commercial 52

Paragon Independent Insurance Agencies

NOVEMBER 15, 2024

Navigating the world of business insurance can be daunting, especially for new business owners. Here in Plano, TX, Paragon Independent Insurance Agency aims to simplify this process by breaking down essential terms you need to know to protect your business effectively.

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Business Insurance Business Interruption Professional Liability Insurance General Liability 40

Jackson & Jackson

APRIL 10, 2024

Insurance plays a pivotal role in safeguarding your property and your financial future. Here are five critical considerations you should keep in mind regarding insurance when buying or investing in commercial property. Liability Insurance Liability insurance is essential for any commercial property owner.

Commercial Property 52

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

Protect Commercial Insurance

JUNE 27, 2024

Introduction Navigating the world of commercial insurance can often feel like walking through a dense fog of myths and misconceptions. Every business, no matter its size or industry, faces unique risks that require specific coverage solutions. However, this type of insurance typically has defined limits and exclusions.

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Commercial Insurance Commercial Cyber Business Interruption 52

Mark Jackson Insurance Agency

MAY 21, 2024

While operating a business from home offers convenience and flexibility, it also necessitates careful consideration of insurance needs. Traditional home insurance policies often fall short of covering the unique risks associated with running a business from home.

Liability 52

Liability Business Interruption Professional Liability Insurance Home Insurance 52

Mark Jackson Insurance Agency

NOVEMBER 22, 2024

Whether you run a landscaping service in the summer, a ski rental shop in the winter, or a holiday-themed retail store, your business has unique insurance needs that differ from typical year-round operations. To protect your livelihood and manage costs effectively, it’s essential to optimize your business insurance coverage.

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Business Interruption Theft Liability Insurance 52

Protect Commercial Insurance

NOVEMBER 15, 2024

This is where commercial insurance comes into play. 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.

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Commercial Insurance Commercial Protection Business Interruption 52

ProWriters

MAY 28, 2024

Cyber Insurance for contractors is an essential safety net. 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.

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Cyber Business Interruption Insurance Insurer 52