Property Insurance Centre

FEBRUARY 24, 2025

How a Liability Claim Can Ruin Your Business And How to Protect Yourself No matter how well you run your business, a single liability claim can have devastating consequences. The Financial Toll of a Liability Claim A lawsuit can lead to crippling legal expenses, compensation payouts, and increased insurance premiums.

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Jackson & Jackson

APRIL 10, 2024

Investing in commercial property is a significant step for any entrepreneur or business entity. 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.

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

Protect Commercial Insurance

OCTOBER 11, 2024

Introduction Climate change isn’t just an environmental buzzword; it’s rapidly becoming a pivotal factor in the world of insurance, especially for commercial properties. These disasters cause exponential damage to commercial properties. Parametric insurance, for instance, is gaining traction.

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Property Insurance Centre

AUGUST 12, 2024

Automatic Fire Alarms in Commercial Properties New Rules 2024 As of October 2024 the London Fire Brigade will cease to attend alarms at commercial properties between the hours of 7am & 8:30 pm. It has been found that 99% of alarms at commercial properties are, in fact, false alarms and take up significant resources.

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Commercial Property Commercial Property Insurance Building 52

Jackson & Jackson

APRIL 29, 2024

Commercial property insurance is a significant expense for property investors and owners. This article outlines practical tips and strategies to help commercial property owners in California minimize their insurance expenses while maintaining adequate protection for their investments.

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Risk Management Monitor

AUGUST 9, 2022

As companies assess their natural disaster preparedness, there are some proactive measures that should be taken specifically for hail to leave organizations best positioned for any resulting insurance claims. Let’s say you operate a business in Plano, Texas, and have a commercial property policy with a renewal date of January 1, 2022.

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Damage Claim Commercial Property Deductible 78

American Agents Alliance

APRIL 3, 2025

For example, the cost of repairing damaged property like vehicles and homes could increase because these items rely on imported goods, which will be more expensive after tariffs are increased. This drives up the cost to repair, impacting claims costs. This could cause higher rates in commercial property and homeowners lines.

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Paragon Independent Insurance Agencies

FEBRUARY 28, 2025

It helps cover accidents, repairs, and liability claims, ensuring your business isn’t financially burdened by unexpected incidents. Beyond vehicle coverage, you may also need general liability insurance, which protects against third-party claims for injuries or property damage during business operations.

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Mark Jackson Insurance Agency

MARCH 19, 2025

Key policies to review and update include: Commercial Property Insurance to protect your new location against physical damage from fire, vandalism, theft, or natural disasters. Commercial Liability Insurance to protect against claims related to third-party injuries or property damage.

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Jackson & Jackson

MAY 22, 2024

Multi-unit commercial properties in California offer investors the potential for significant returns. Investors must understand the importance of securing comprehensive commercial property insurance coverage to protect their investments. It covers property damage, loss of income, liability claims, etc.

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Distinguished

AUGUST 27, 2024

NEW YORK – Distinguished Programs (“Distinguished”), a national insurance program manager , is pleased to announce the appointment of Ashley Mehyo as Vice President of Claims for its Fine Art and Collectibles program. In her new role, Ashley will lead all aspects of the claims function for the Fine Art and Collectibles insurance group.

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Claim Broker-Agent Inland Marine Commercial Property 52

The Property Insurance Law Observer

AUGUST 22, 2024

2024), the District Court of Massachusetts found that “collapse” provisions within a commercial property policy were ambiguous where a floor merely sagged without completely falling to the ground. This prompted the insured to submit a claim. In Life Skills, Inc. Harleysville Insurance Company , 2024 WL 3792261 (D.

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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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Protect Commercial Insurance

MAY 24, 2024

General Liability Insurance General liability insurance is a fundamental policy that covers your business against claims of bodily injury, property damage, and personal injury. Additionally, general liability insurance typically does not cover claims related to professional services or cyber incidents.

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Risk Management Monitor

NOVEMBER 8, 2021

One of the first steps in obtaining commercial property insurance is to determine the value of the property being insured. The reported property value will drive premium amounts and, importantly, represents the property loss exposure. The accuracy of this approach will diminish over time.

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Insurance Journal

NOVEMBER 21, 2024

PETERSBURG, Fla. (AP) AP) — A combination of severe hurricane damage to Tropicana Field and political delays on financing means it is highly unlikely the Tampa Bay Rays’ planned new stadium will be ready for the 2028 season, if at …

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Damage Commercial Property Insurance Claim Property Insurance 243

Property Insurance Centre

MARCH 11, 2025

Higher Crime Rates and Security Concerns London experiences more burglary, vandalism, and theft claims compared to rural or suburban areas. 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 4, 2024

This ensures that insured properties are adequately valued and properly insured, reducing the risk of financial loss in the event of a claim. As wages increase due to inflationary pressures, the cost of hiring contractors, skilled workers, and other labourers for property construction and repairs also rises.

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Property Insurance Commercial Property Liability Insurer 52

Property Insurance Centre

MARCH 21, 2025

Affordable Premiums Compared to London, But Rising Generally, insurance premiums in Manchester are more affordable than in the capital due to lower rebuild costs and property values. However, with property prices on the rise and increasing claims related to climate events and fire risks, premiums are also going up.

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Property Insurance Centre

JANUARY 30, 2025

Whether you have an adverse claims history, a high value property or a large portfolio of properties, we can source suitable cover for you. Whatever your requirements, we can tailor a specialist property insurance policy to suit your exact needs and provide you with a range of quotes to choose from.

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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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Property Insurance Centre

JANUARY 27, 2025

Whether you have an adverse claims history, a high value property or a large portfolio of properties, we can source suitable cover for you. Whatever your requirements, we can tailor a specialist property insurance policy to suit your exact needs and provide you with a range of quotes to choose from.

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Protect Commercial Insurance

JANUARY 10, 2025

These partnerships not only broaden your client base but also offer a seamless solution to meet customer needs across various policy areas, such as commercial property. Enhancing Commercial Property Offerings One major sector that benefits from robust referral partnerships is commercial property insurance.

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Property Insurance Centre

NOVEMBER 11, 2024

Let’s have a look at them… Don’t claim for everything – One thing insurers do not like, is a policyholder that claims over multiple times a year & for the smallest thing. For example, claiming for one single broken window, may be better served by self-insuring.

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Mark Jackson Insurance Agency

NOVEMBER 22, 2024

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. Balancing Coverage and Budget Constraints One significant challenge for seasonal businesses is balancing comprehensive coverage with budget constraints.

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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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Zywave

NOVEMBER 20, 2024

Employers should prioritize mental health resources and clear policies to handle workers’ comp claims as efficiently as possible. Commercial Property: Extreme weather events continue to lead to extreme property damage. Repairing this damage also continues to be more expensive due to inflation.

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Workers Comp Commercial Property Cyber Commercial 52

Zywave

SEPTEMBER 25, 2024

And while many states have fee schedules in place that help control medical cost categories, shifts in the type and volume of medical services provided, combined with increased injury and illness severity have impacted overall medical claim costs. This article is based on a series of pieces originally published in Zywave’s Content Cloud.

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Property Insurance Centre

DECEMBER 23, 2024

Being a Commercial Property Owner or Business Owner you will be aware there will be certain conditions within your insurance policy with regard to the Security at the premises. What this lock simply does, is improve the physical security of your property straight away. Do I have the right lock for my insurance ?

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Commercial Property Insurer Insurance Insured 52

Cover4LetProperty

APRIL 16, 2024

They can range from individual property owners to those who own multiple rental properties as part of their investment portfolio. Corporate landlords: These are companies or organisations that own and manage rental properties on a larger scale. They may own residential properties, commercial properties, or a combination of both.

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Property Insurance Centre

MARCH 19, 2024

Consumer education ensures that individuals are prepared and protected with the proper insurance coverage and are knowledgeable about the claims process. It empowers individuals to navigate the claims process effectively and avoid insurance scams. May experience difficulties and delays when making claims due to lack of understanding.

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Distinguished

SEPTEMBER 25, 2024

Whether it’s a construction project for a single-family home , a mixed-use building , or a commercial property, Distinguished’s Builder’s Risk Program has got it covered. Premises liability claims : Legal expenses and liability coverage related to any injuries, including trips and falls, that occur on the site.

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Protect Commercial Insurance

NOVEMBER 22, 2024

Myth 5: “Claims Process is Always Lengthy and Complex” Technological Advancements in Claims Gone are the days when filing an insurance claim was akin to navigating a labyrinth. Thanks to technological advancements, the claims process has become much more streamlined and user-friendly.

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Property Insurance Centre

MAY 20, 2024

Consequences of Underinsurance In the event of a claim on the block insurance policy , the insurer or its appointed loss adjuster may check to see that the Declared Value is adequate. This could mean that if the property is insured for 50% of its correct rebuilding cost, the insurer only pays 50% of the claimed amount.

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Property Insurance Centre

SEPTEMBER 25, 2024

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. Many people make common mistakes when dealing with building insurance, which can result in inadequate coverage or denied claims.

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Protect Commercial Insurance

DECEMBER 6, 2024

– Fraud Detection : AI’s capability to detect anomalies makes it a powerful tool against fraudulent claims. By analysing previous claim histories and patterns, AI helps reduce false claims, ultimately reducing premiums for honest businesses. This predictive approach helps in preventing losses and minimising claims.

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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. It’s essential to accurately determine the rebuild cost of the property and disclose any claims history. Buildings insurance covers the physical structure of the property.

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