This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
From property protection to liability coverage, ensuring your business insurance policies align with your expansion is critical. Commercial Liability Insurance to protect against claims related to third-party injuries or property damage. Cyber Liability Insurance to protect against data breaches and cyberattacks.
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.
Unlike agents or brokers, MGAs can bind coverage, price policies, and handle claims they essentially act as an extension of an insurer. Specialization: Brokers typically offer a broad range of standard insurance products, while MGAs specialize in niche markets like cyber liability, HOA insurance, and high-risk commercial properties.
Awareness in this area can prevent nasty surprises when you attempt to make a claim: – Flood Damage : Often requires separate coverage or endorsements, especially in flood-prone areas. – InlandMarine Insurance : Valuable for businesses frequently moving goods and equipment across locations.
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.
Our specialized coverage and claims expertise are designed to meet the unique needs of musicians, protecting their livelihoods and creative work. Property and Liability products are distributed through a national network of agents and brokers.
” The Fine Art & Collectibles program provides tailored solutions, including primary and excess risk options, seamless claims handling, and specialized services such as collection management and preservation advice. Property and Liability products are distributed through a national network of agents and brokers.
Clients can expect a range of benefits, including direct bill options, seamless claims handling, and expert advice on collection management best practices. Property and Liability products are distributed through a national network of agents and brokers. Brokers are welcome to submit business on the Distinguished website.
Clients can expect a range of benefits, including flexible payment options, seamless claims handling, and expert advice on sustainable collection management practices. Property and Liability products are distributed through a national network of agents and brokers.
However, it will not be covered for liabilityclaims under a Builder’s Risk policy since that policy is not designed to cover the contractor’s operations, such as poor workmanship or negligence. Instead, a contractor’s operations liability should be covered by a separate Contractor’s General Liability policy.
Dedicated claims team experienced in hospitality-related losses. The primary general liability (GL) coverage has a specific geographic restriction: it is not available for hotels located adjacent to the beach in Hawaii. Property and Liability products are distributed through a national network of agents and brokers.
– Is there a high level of professional liability in your operations? – Potential deductibles and what’s financially viable if you need to make a claim. – Professional Liability Insurance : Also known as errors and omissions insurance, this covers claims of negligence or malpractice.
Ashley Mehyo , Vice President of Claims, Distinguished Fine Art & Collectibles Ashley is our Vice President of Claims with 7 years industry experience doing everything from selling insurance, surveying risks and adjusting over 3,000 claims specifically focused on the Fine Art & Collectibles market.
Soft costs : Additional expenses caused by a covered claim that are not related to building materials, equipment, or other hard costs; these soft costs could include additional reinspection fees, increased tax burdens, and insurance premiums. They require protection against potential losses, including professional liability.
Our program also offers your clients general liability insurance, which can help cover legal costs that can occur on work sites. For instance, employees injured on the job should be covered by their Contractor’s General Liability policy. Our Builder’s Risk program does not cover some specific risks.
Principal’s Default: A claim under a surety bond arises only upon the default of the principal. While both serve as risk management tools, their operational mechanisms, purposes, and the way claims are handled differ significantly. Importantly, if the surety pays out a claim, they will seek reimbursement from the principal.
We can consider weather related claims, but claims of theft, vandalism, and fire, for example, would be an automatic decline. And regarding coverage, if the named insured is the builder, or there is a relationship between the named insured and the builder, in that capacity we would exclude general liability coverage.
This means complete property protection in the event of damages from: Extreme weather events Vandalism Theft Fire Beyond property damage, Distinguished also offers coverages for: General liability Soft costs Mold and fungus Off-site materials in transit How Much Does Builder’s Risk Cost in Michigan?
This includes coverage for: General liability : Covers legal costs and damages that arise from lawsuits related to this construction, renovation, or betterment project. Customer service : Our claims team is ready and available 24/7 so your clients can access funds when they need them.
Affects homeowner premiums : If a claim needs to be made for one of your clients’ toys, that claim could lead to increased premiums on their homeowner’s insurance, a financial burden that may not be worth the claim. Property and Liability products are distributed through a national network of agents and brokers.
At Distinguished Programs, our specialty fine art and collectibles insurance offers several key advantages over relying solely on homeowners insurance: Doesn’t Affect Homeowner Premiums : If your client needs to file a claim, it won’t impact their homeowner’s insurance premiums.
The lawsuit claims that Marriott was first made aware of the infringement in 2020 and received numerous notices, including earlier this year in March. Property and Liability products are distributed through a national network of agents and brokers.
This is why making sure executives are backed by comprehensive management liability insurance is so important. As a wholesale broker, understanding the intricacies of management liability insurance is essential to effectively guide your agents and clients through the process of securing the right coverage for their unique needs.
This development underscores Distinguisheds ongoing commitment to provide innovative and comprehensive management liability solutions exclusively to wholesale brokers. The new forms offer coverage for Directors & Officers Liability, Employment Practices Liability, and Fiduciary Liability, available on both a combined and standalone basis.
We organize all of the trending information in your field so you don't have to. Join 5,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content