Shield Insurance Agency

AUGUST 20, 2024

Shield Insurance Blog | Small Insurance Claims | Contact Our Sales Team! Small Insurance Claims Can Raise Premiums Small insurance claims, such as those for minor property damage, may seem like a hassle to deal with. Additionally, small claims often require you to pay a deductible.

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Property Insurance Centre

MARCH 21, 2025

This diversity in building age and structure affects insuranceolder buildings may face higher premiums due to maintenance risks, while newer developments may require higher coverage for cutting-edge amenities. Insurers view these uses as higher risk, which can lead to increased premiums or the need for specialist insurance policies.

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Property Insurance Centre

JULY 21, 2024

Our Claims Partner, Aspray, Wins Loss Assessor of the Year 2024 We are delighted but not surprised to announce that our claims partner, Aspray, has won the prestigious “Loss Assessor of the Year 2024” award at the British Claims Awards.

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Property Insurance Centre

MARCH 11, 2025

Higher Property Values and Rebuild Costs London property prices are significantly higher than the national average, which means higher rebuild costs and, consequently, higher insurance premiums. Many insurers require more detailed valuations and risk assessments due to the higher sums insured.

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Distinguished

MARCH 20, 2025

And with rising property values, more frequent catastrophic weather events, and emerging risks like habitability claims, its never been more critical to help your clients navigate their insurance options. What Kinds of Claims Get Made in Apartment Buildings As a team, weve seen all kinds of claims related to apartment buildings.

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Property Insurance Centre

JANUARY 30, 2025

We work closely with our Insurers to get the best rates and our experience and excellent relationships with them mean that we can provide cover for even the most difficult to place risks. Whether you have an adverse claims history, a high value property or a large portfolio of properties, we can source suitable cover for you.

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Friendly Agent

SEPTEMBER 21, 2020

Deciding which product to sell On your way to becoming the full-fledged insurance agent, among the things you will have to do is to decide which products you will sell. You may find various types of personal insurance and commercial insurance policies. There are Property and Casualty, Life/health insurance, and more.

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Property Insurance Centre

FEBRUARY 10, 2025

We work closely with our Insurers to get the best rates and our experience and excellent relationships with them mean that we can provide cover for even the most difficult to place risks. Whether you have an adverse claims history, a high value property or a large portfolio of properties, we can source suitable cover for you.

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Property Insurance Centre

JANUARY 27, 2025

We work closely with our Insurers to get the best rates and our experience and excellent relationships with them mean that we can provide cover for even the most difficult to place risks. Whether you have an adverse claims history, a high value property or a large portfolio of properties, we can source suitable cover for you.

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Protect Commercial Insurance

FEBRUARY 10, 2022

Whilst we’re predominantly a commercial insurance broker, the new ruling affects our high-value household policies. Key changes The new rules have brought some key changes to the way General Insurance works: Equivalent policy premiums should not be higher for existing customers than for new customers. Premium reductions?

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Premium Broker Commercial Insurance Commercial 52

Protect Commercial Insurance

JULY 26, 2024

It provides coverage for third-party bodily injury or property damage claims that may arise from accidents on your premises or as a result of your products or services. Product Liability Insurance As a tailor, you create and sell products to your customers. These discounts can help reduce your premiums.

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Frankenmuth Insurance

JULY 25, 2024

What is the highest amount I could pay on a claim? What factors affect my premiums? What specific factors are affecting my premium? Are there things I can do to lower my premium, like adding security cameras or implementing safety measures? If I use vehicles for my business, do I need commercial auto insurance?

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Property Insurance Centre

OCTOBER 18, 2024

Recent data from 2023 and 2024 highlights the financial strain on insurers and property owners alike, driven by more severe storms, heavy rainfall, and unpredictable weather patterns. Rising Claims Due to Extreme Weather In 2023, UK insurers faced record-breaking claims from weather-related damage.

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Property Insurance Centre

NOVEMBER 11, 2024

These are just some of the excuses we hear of from the question of, “ Why can’t I get insurance ?” ” or can’t get the insurance you deserve for that matter – insurance with reasonable premiums and without unnecessary restrictions.

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Protect Commercial Insurance

OCTOBER 11, 2024

As we face more frequent and intense extreme weather events, insurers are re-evaluating their policies to better manage these growing risks. Businesses now need to consider how climate change might impact their insurance premiums and coverage. Parametric insurance, for instance, is gaining traction.

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Protect Commercial Insurance

OCTOBER 4, 2024

How Interest Rates Influence Insurance Costs Insurance premiums are sometimes indirectly influenced by interest rates. Here’s how: insurers rely on investment income to keep premiums competitive. When interest rates rise, the returns on these investments can increase, potentially affecting premium rates.

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Property Insurance Centre

JANUARY 4, 2024

Get a Quote Insurance under one roof We are specialists in many types of insurance GET YOUR QUOTE GET YOUR QUOTE Key Takeaways Consistent rate increases have been experienced in the property insurance market since 2017. Inflation drives up property valuations , construction costs , and insurance premiums.

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Property Insurance Centre

SEPTEMBER 25, 2024

This might seem like an advantage since this saves cost initially, though it might lead to high premium costs later on. Define the maximum amount that you are willing to spend additional in the case of a claim. Key Takeaways Building insurance is essential to protect your property, but it can be complex.

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Jackson & Jackson

APRIL 29, 2024

Increase Your Deductible Increasing your deductible is one of the simplest ways to lower your insurance premiums. This means you will pay more out of pocket in case of a claim, but your monthly or annual insurance costs will be lower. Strategy: Install modern fire alarms, sprinkler systems, and security systems.

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Jackson & Jackson

APRIL 10, 2024

Liability Insurance Liability insurance is essential for any commercial property owner. It protects you from claims arising from accidents or injuries on your property. Business Interruption Insurance Unexpected events can disrupt your operations, leading to significant financial loss.

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Jackson & Jackson

MAY 23, 2024

Understanding Small Business Insurance in California The Basics of Business Insurance Before diving into the world of insurance savings, it’s crucial to understand the basics of business insurance. Small business insurance covers property damage, liability claims, and employee-related risks.

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Jackson & Jackson

MAY 22, 2024

. “Understanding Multi-Family Property Insurance” Commercial property insurance is a vital safeguard for property owners, protecting their assets against various risks. It covers property damage, loss of income, liability claims, etc.

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Property Insurance Centre

AUGUST 8, 2024

However, if it goes more long term the insurers can at worst pull cover entirely leaving you to search the market for an alternative, or perhaps apply more stringent conditions and charge a rather large additional premium – usually refundable on a pro-rata basis, assuming you are able to let the property out again!

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Property Insurance Centre

JANUARY 30, 2024

It’s essential to accurately determine the rebuild cost of the property and disclose any claims history. Key aspects to consider when buying buildings insurance include reviewing the policy’s exclusions , understanding excesses , comparing premiums, and evaluating the level of customer service provided by the insurer.

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Protect Commercial Insurance

OCTOBER 25, 2024

Reflect on: – How much you can comfortably allocate from your business budget for insurance premiums. – Potential deductibles and what’s financially viable if you need to make a claim. It’s like finding a sweet spot—insurance that doesn’t overspend your resources but still offers peace of mind.

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Jackson & Jackson

APRIL 26, 2024

Liability Protection : Protects against claims of property damage or personal injury caused by you or your operations. Additional Coverages : Ordinance or Law Insurance : This covers the cost of rebuilding to current building codes, which may have changed since your property was originally built.

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Property Insurance Centre

JANUARY 16, 2025

From the catastrophic floods in Carlisle in 2005 to the more recent deluge in London in 2021, businesses in flood-prone areas have faced disruption, financial losses, and complex insurance claims. This article explores the intricacies of commercial flood insurance in the UK, highlighting regional variations, challenges, and solutions.

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Protect Commercial Insurance

NOVEMBER 1, 2024

Cost Differences Moving on to cost, it’s essential to recognise that landlord insurance can be more expensive than standard home insurance. – Higher Premiums : Landlord insurance typically comes with higher premiums. This is due to the increased risk profile associated with rental properties.

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Property Insurance Centre

AUGUST 28, 2024

Corner Shop Insurance and BT Redcare Alarm changes Business Owners who have corner shop insurance are all to aware of the benefits an appropriate intruder alarm system will have, both in relation to their insurance premiums (or in being given an insurance policy at all in some cases) and to the physical security of their goods.

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Shield Insurance Agency

APRIL 19, 2024

Broad form collision coverage may be a better option for those who want more comprehensive protection and are willing to pay a higher premium for it. Be sure to review your insurance policy and speak with your insurance agent to ensure you have the coverage that best suits your needs.

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Property Insurance Centre

MARCH 19, 2024

It empowers individuals to make informed decisions about insurance coverage and understand their policy rights. Consumer education ensures that individuals are prepared and protected with the proper insurance coverage and are knowledgeable about the claims process. Leads to confusion and potential gaps in coverage.

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Property Insurance Centre

DECEMBER 23, 2024

Insurers will not always insist on having all of these protections, however, it may reduce their risk and in turn reduce your premium. We work closely with our Insurers to get the best rates and our experience and excellent relationships with them mean that we can provide cover for even the most difficult to place risks.

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Property Insurance Centre

AUGUST 12, 2024

We work closely with our Insurers to get the best rates and our experience and excellent relationships with them mean that we can provide cover for even the most difficult to place risks. Whether you have an adverse claims history, a high value property or a large portfolio of properties, we can source suitable cover for you.

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Commercial Property Commercial Property Insurance Building 52

Jackson & Jackson

APRIL 28, 2024

This often happens when trying to save on premiums. However, in the event of a claim, this can lead to substantial out-of-pocket expenses due to insufficient coverage limits. How to Avoid It: Regularly review and update your insurance coverage to match the current value of your property and its contents.

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Property Insurance Centre

SEPTEMBER 11, 2024

We work closely with our Insurers to get the best rates and our experience and excellent relationships with them mean that we can provide cover for even the most difficult to place risks. Whether you have an adverse claims history, a high value property or a large portfolio of properties, we can source suitable cover for you.

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American Agents Alliance

NOVEMBER 9, 2024

One significant challenge is the misconception that a standard homeowners or commercial insurance policy will cover earthquake damage when most exclude this risk. It is also helpful for agents to document the discussion and coverage decision made by the insured to lower the risk of an E&O claim.

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Property Insurance Centre

JULY 30, 2024

We work closely with our Insurers to get the best rates and our experience and excellent relationships with them mean that we can provide cover for even the most difficult to place risks. Whether you have an adverse claims history, a high value property or a large portfolio of properties, we can source suitable cover for you.

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