Remove Business Interruption Remove Premium Remove Property Insurance
article thumbnail

Mistakes in setting sums insured / declared value where the Insured elects an Indemnity Period of less than 12 months.

Prof. Allan Manning

I recall the very first business interruption claim I did was for a risk in Toowoomba and to my horror found that the Insured had only declared 3 months insurable gross profit with a 3-month Indemnity Period. Where a client, sought to insure for less than 12 months they would offer a discount on the premium rate.

article thumbnail

A Comprehensive Guide to Understanding Commercial Property Insurance

Protect Commercial Insurance

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.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Does Commercial Property Insurance Cover Water Damage?

Tosten Marketing

Commercial property insurance water damage coverage is a complex topic with many nuances. What Water Damage Does Commercial Property Insurance Cover? Commercial property insurance covers several types of water damage, but understanding the specifics is vital. What Water Damage Isn’t Covered?

article thumbnail

What Perils Are Covered by Commercial Property Insurance?

Property Insurance Centre

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?

article thumbnail

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

Jackson & Jackson

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.

article thumbnail

Understanding Multi-Family Property Insurance in California.

Jackson & Jackson

Investors must understand the importance of securing comprehensive commercial property insurance coverage to protect their investments. This article aims to provide an in-depth overview of ensuring multi-unit commercial properties in California, highlighting key considerations for investors.

article thumbnail

Restaurant Insurance in Charlotte, North Carolina: A Broker’s Guide

Distinguished

Distinguisheds Restaurant Insurance program offers brokers in Charlotte a range of coverages that address the unique risks facing modern restaurants. Key coverages we offer include: Property insurance: Protection for buildings, equipment, and inventory against fire, theft, and natural disasters.