ProWriters

NOVEMBER 13, 2024

The CrowdStrike outage highlights the potential for significant financial losses due to downtime. Doing so will help them better grasp their policies’ nuances, discuss risk management strategies, and prepare for potential claims. Knowing policy limits, deductibles, and exclusions is critical.

Cyber 98

Cyber Insurance Insured Insurer 98

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.

Property Insurance 52

Property Insurance Premium Insurance Insured 52

Jackson & Jackson

NOVEMBER 16, 2024

Professional Liability Insurance protects your business against claims of negligence, errors, or omissions that result in financial losses for your clients. A misconfigured server or software bug might lead to downtime, costing your client thousands of dollars. One oversight could lead to costly lawsuits.

Insurance Policy 52

Insurance Policy Policy General Liability Workers Compensation Insurance 52

ProWriters

APRIL 3, 2024

Understanding E&O Insurance Errors and Omissions (E&O) Insurance is liability coverage protecting professionals against claims for negligence, errors, or mistakes made in the course of their work. Coverage of claims made by third parties who suffer financial losses due to the insured’s actions.

Liability 52

Liability Cyber Property Damage Claim 52

Paragon Independent Insurance Agencies

MAY 27, 2024

Commercial Insurance Information Commercial insurance consists of policies to safeguard businesses when financial losses are inevitable. These events may include property damage, liability claims from work-related injuries, break-ins, or business interruption. It is critical to understand how to determine what is covered.

Commercial Insurance 40

Commercial Insurance Commercial Protection Business Interruption 40

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.

Insurance Policy 52

Insurance Policy Protection Policy Business Interruption 52

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.

Property Insurance 52

Property Insurance Policyholder Insurance Insured 52

Protect Commercial Insurance

MAY 30, 2024

As a business owner, it is crucial to protect your empire from various risks and threats that can potentially disrupt your operations and financial stability. In this article, we will explore different types of insurance coverage that can help safeguard your business from property damage, liability claims, cyber threats, and more.

Cyber 52

Cyber Business Insurance Business Interruption Professional Liability Insurance 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. It provides protection against a plethora of risks, including property damage, liability claims, theft, and even employee injuries.

Commercial Insurance 52

Commercial Insurance Commercial Premium Deductible 52

Protect Commercial Insurance

SEPTEMBER 20, 2024

It covers you against claims of property damage, personal injury, or negligence. Without this insurance, not only do you face the risk of hefty compensation claims, but you could also incur significant fines from regulatory bodies. Legal fees and compensation claims can sometimes run into thousands or even millions of pounds.

Liability Insurance 52

Liability Insurance Liability Insurance Insured 52

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. Accurately determine the rebuild cost of the property and disclose any claims history.

Insurance 52

Insurance Insured Insurer Building 52

Protect Commercial Insurance

SEPTEMBER 6, 2024

Companies of all sizes are increasingly targeted by cybercriminals, and the consequences can be devastating—from financial losses to reputational damage. Growth of Parametric Insurance Parametric insurance, which pays out upon the occurrence of a triggering event rather than the traditional claims process, is gaining traction.

Commercial Insurance 52

Commercial Insurance Commercial Cyber Insurance 52

TGS

OCTOBER 3, 2023

Policy Number If you ever need to file a claim, this policy number is what you will use. You can always ask your insurance agent to clarify what perils, or causes of financial loss , are covered by your policy and fall under the All Perils deductible. A lot of factors go into calculating your home insurance premium.

Insurance Quotes 52

Insurance Quotes Deductible Home Insurance Out-Of-Pocket 52

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. Increased claims, larger losses, decreased profitability, and reduced capital have prompted reinsurers to implement measures to mitigate risks and protect their bottom line.

Property Insurance 52

Property Insurance Commercial Property Liability Insurance 52

Protect Commercial Insurance

NOVEMBER 22, 2024

Long-term Financial Benefits While the upfront cost of commercial insurance might seem high, consider the long-term savings and financial security it provides. Without insurance, your business could face catastrophic financial loss from property damage, theft, or a lawsuit.

Commercial Insurance 52

Commercial Insurance Commercial Cyber Insurance 52

Jackson & Jackson

MAY 22, 2024

It covers property damage, loss of income, liability claims, etc. With the right insurance coverage, investors can mitigate financial losses resulting from unforeseen events such as fires, storms, theft, or vandalism. It protects against perils like fire, explosions, storms, and other risks outlined in the policy.

Property Insurance 52

Property Insurance Commercial Property Commercial Insurance 52

Distinguished

OCTOBER 15, 2024

Financial Interest and Named Insureds In a typical Builder’s Risk policy , the named insured is the entity that has a financial interest in the construction project. This could be the contractor, developer, or property owner, depending on who stands to suffer a financial loss if the property is damaged during construction.

Policy 52

Policy Risk Broker-Agent Liability 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. – Fraud Detection : AI’s capability to detect anomalies makes it a powerful tool against fraudulent claims.

Commercial Insurance 52

Commercial Insurance Commercial Insurance Insured 52

Distinguished

JULY 22, 2024

In the case of a catastrophic loss, art pieces worth thousands of dollars would only be covered up to that low per-item limit, leaving the collector with significant financial losses. For instance, many homeowners policies will insure collectible items only up to a certain amount per item, which could be as low as $200 each.

Insurance 52

Insurance Insured Insurer Policy 52

Cover4LetProperty

OCTOBER 1, 2024

Without this cover, if someone should make a claim against you for loss or injury, then if the case goes to court and your tenant is awarded compensation, you will need to find this money yourself. And with court sums running in to hundreds of thousands of pounds in some circumstances, this could see you in huge financial difficulty.

Insurance 60

Insurance Insured Insurer Injury 60

TGS

OCTOBER 17, 2023

Discuss Your Policy Without Hurting Your Insurance Score Did you know that it counts against your insurance score to report a financial loss, even if you decide not to file an insurance claim? If you call a captive agent to ask about whether or not a recent loss would be covered under your policy, that counts as a reported loss!

Insurance Agents 52

Insurance Agents Insurance Agent Agents Insurance 52

Jackson & Jackson

MARCH 18, 2024

An insurance policy covering your luxury handbags ensures you are protected from financial loss in unforeseen circumstances. Look for companies that specialize in high-end items and have a proven track record of handling claims with efficiency and care. Consider the customer service they provide and their claims process.

Insurance 52

Insurance Insured Insurer Insurance Policy 52

Distinguished

SEPTEMBER 17, 2024

Loss experience. We can consider weather related claims, but claims of theft, vandalism, and fire, for example, would be an automatic decline. It’s important to monitor results and get ahead of future threats, and this can help minimize financial losses. And in those cases, it would be a declination.

Risk 52

Risk Broker-Agent Deductible Insurance 52

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. The Association of British Insurers (ABI) reports that some commercial properties are deemed uninsurable due to repeated claims.

Commercial 52

Commercial Commercial Property Insurance Insured 52

Protect Commercial Insurance

OCTOBER 11, 2024

Flood damage has been one of the most financially draining disasters for commercial property owners. An inundated building can face structural damage, equipment loss, and significant downtime, leading to substantial financial loss. Consequently, insurers have adapted by revising their coverage for flood-prone regions.

Commercial Property 52

Commercial Property Commercial Insurance Policy Policy 52

American Agents Alliance

SEPTEMBER 11, 2024

If the licensed business or individual fails to adhere to licensing laws, any injured party may recover damages from the surety that issued the bond up to the bond amount by filing a valid claim. Again, the principal on the bond (the contract) is ultimately financially liable for any valid claims.

License 40

License Commercial Broker-Agent Claim 40

Protect Commercial Insurance

NOVEMBER 1, 2024

Its primary purpose is to protect landlords from financial loss stemming from tenant-related incidents, property damage, and other rental-specific risks. – Landlord’s Liability : Landlord insurance includes specialised protection for rental-related liability claims.

Home Insurance 52

Home Insurance Out-Of-Pocket Insurance Insured 52

Cover4LetProperty

APRIL 16, 2024

This type of insurance typically offers comprehensive cover for the entire property portfolio, providing protection against various risks such as damage to the properties, loss of rental income, liability claims, and legal expenses.

Insurance 52

Insurance Insured Insurer Property Insurance 52

ProWriters

JANUARY 9, 2024

More recently, courts have agreed the risk of future harm, such as identity theft or potential financial loss, constitutes standing to bring a lawsuit for a data breach. Download your copy of ProWriters’ free eBook , How to Sell Cyber: Big Claims in Ransomware & Social Engineering , today.

Cyber 52

Cyber Injury Theft Damage 52

Distinguished

JANUARY 28, 2025

This can include claims related to alleged mismanagement, negligence, or improper disclosure. Employment Practices Liability (EPL) insurance : EPL coverage safeguards the company and its employees from claims of wrongful termination, harassment, discrimination, and other employment-related issues.

Liability Insurance 52

Liability Insurance Liability Broker-Agent Insurance 52

Hunton Andrews Kurth

FEBRUARY 7, 2022

Highlights include the first-ever criminal action against a corporation (as opposed to an individual), two cases in which the target defendants claim that the CPSC is overstepping its regulatory authority, and two cases illustrating the critical role of product instructions or warnings in the CPSC’s assessment of an alleged product hazard.

Injury 52

Injury Protection Financial Loss Risk 52