Risk Management Monitor

AUGUST 9, 2022

Last week, a severe thunderstorm unleashed massive hailstones in Alberta, Canada, damaging dozens of cars and unleashing potentially record-breaking hailstones the size of grapefruits. The reality is that large hail typically accounts for a majority of thunderstorm-related losses in North America during any given year.”.

Damage 78

Damage Claim Commercial Property Deductible 78

Mark Jackson Insurance Agency

MARCH 19, 2025

Brick commercial office building by Binyamin Mellish Expanding your business to a new location is an exciting step toward growth, but it also introduces new risks. From property protection to liability coverage, ensuring your business insurance policies align with your expansion is critical.

Workers Compensation 52

Workers Compensation Liability Property Damage Injury 52

Property Insurance Centre

MARCH 11, 2025

Buying Blocks of Flats Insurance in London: Key Risks and Costs When it comes to buying blocks of flats insurance in London, the market is becoming more complex for a number of reasons. Many insurers require more detailed valuations and risk assessments due to the higher sums insured.

Risk 52

Risk Insurer Insurance Insured 52

Property Insurance Centre

FEBRUARY 24, 2025

From financial losses to reputational damage, legal battles, and even the risk of shutting down, the impact can be severe. Whether you’re a small business owner, contractor, or entrepreneur, understanding liability risks is crucial for survival. This means your personal assetshome, car, and savingscould be at risk.

Liability 52

Liability Protection Claim Property Insurance 52

Paragon Independent Insurance Agencies

FEBRUARY 28, 2025

Owning a business means taking on risks, but the right insurance coverage can help safeguard your hard work. At Paragon Independent Insurance Agency, we provide businesses in the greater Plano, TX area with various commercial insurance products. Identifying Your Business’s Key Risks Different businesses face different challenges.

Commercial Insurance 40

Commercial Insurance Commercial General Liability Insurance Agency 40

Jackson & Jackson

MAY 22, 2024

Multi-unit commercial properties in California offer investors the potential for significant returns. However, with great opportunities come great risks. Investors must understand the importance of securing comprehensive commercial property insurance coverage to protect their investments.

Property Insurance 52

Property Insurance Commercial Property Commercial Insurer 52

American Agents Alliance

APRIL 3, 2025

The Relationship Between Tariffs and Insurance Costs Rising tariffs could impact many different lines of business, but some experts have narrowed their focus to the effects on homeowners and auto (both personal and commercial). This could cause higher rates in commercial property and homeowners lines.

Agents 52

Agents Policyholder Premium Auto Insurance 52

Distinguished

SEPTEMBER 25, 2024

An increase in construction also means an increase in financial risk. All of which can cost their property or business owners millions of dollars in losses without adequate insurance coverage. This is why the popularity of Builder’s Risk insurance is growing. What Does Distinguished’s Builder’s Risk Cover?

Risk 52

Risk Broker-Agent Insurer Insurance 52

Distinguished

SEPTEMBER 10, 2024

From hurricanes on the Gulf Coast to rapid urban development in cities like Birmingham and Huntsville, the need for comprehensive Builder’s Risk Insurance has never been more critical. To address these diverse risks, Distinguished’s Builder’s Risk Program offers tailored solutions for Alabama’s construction needs.

Risk 52

Risk General Liability Broker-Agent Insurer 52

Distinguished

AUGUST 26, 2024

However, alongside all of this construction comes large financial risks. For this reason, the need for comprehensive Builder’s Risk Insurance solutions is growing. Distinguished’s Builder’s Risk Program covers all kinds of buildings in Michigan, including single-family homes , mixed-use buildings , and commercial properties.

Risk 52

Risk Broker-Agent Insurer Insurance 52

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. Changes in costs Over time, some property costs will change more than others.

Commercial Property 75

Commercial Property Insurer Insurance Insured 75

Property Insurance Centre

JANUARY 16, 2025

Understanding Commercial Flood Insurance in the United Kingdom Flooding has become an increasingly significant risk for businesses across the United Kingdom as climate change intensifies weather extremes. million properties at risk, according to the Environment Agency.

Commercial 52

Commercial Commercial Property Insurer Insurance 52

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. Start by evaluating your specific risks. Commercial liability insurance is another must-have, as accidents can happen during both active and slower periods.

Business Interruption 52

Business Interruption Theft Liability Insurer 52

Protect Commercial Insurance

MAY 24, 2024

As a business owner, it’s crucial to protect your business from potential risks and liabilities. While you may have the basic insurance policies in place, such as property and general liability insurance, there are several other essential insurance policies that you might be overlooking.

Insurance Policy 52

Insurance Policy Protection Policy Business Interruption 52

Property Insurance Centre

JANUARY 4, 2024

Outdated property valuations result in underinsured properties. Weather Conditions and Natural Disasters Since 1980, there have been 360 weather- and climate-related natural catastrophes , resulting in damages and costs of over $2.57 Hurricane Harvey 2017 92.0 Superstorm Sandy 2012 70.2 Hurricane Ike 2008 37.5

Property Insurance 52

Property Insurance Commercial Property Liability Insurer 52

Zywave

NOVEMBER 20, 2024

Additionally, ongoing acceleration of cyberattacks have led to growing concerns around data privacy and cyber warfare risks. It is crucial for businesses to maintain documented workplace policies fostering a culture of inclusion and mitigating risk in these areas.

Workers Comp 52

Workers Comp Commercial Property Cyber Commercial 52

Property Insurance Centre

SEPTEMBER 11, 2024

Although some Purpose Built Flats Insurance policies will provide some cover to machinery and plant for material damage cover, they will not provide any assistance should the lift break down. Breakdown – Damage to any item of Plant caused by its own Breakdown.

Insurance Policy 52

Insurance Policy Policy Boiler and Machinery Insurer 52

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 Insurer Insurance 52

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. Insurers will not always insist on having all of these protections, however, it may reduce their risk and in turn reduce your premium.

Commercial Property 52

Commercial Property Insurer Insurance Insured 52

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. – Risk Mitigation : Collaborating provides a safety net. For brokers, establishing solid insurance referral partnerships can be the golden key to success.

Building 52

Building Broker Commercial Property Insurer 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.

Insurer 52

Insurer Insurance Insured Property Insurance 52

Protect Commercial Insurance

NOVEMBER 22, 2024

Myth 1: “Commercial Insurance is Too Expensive” Image courtesy: Unsplash Understanding the Costs Many businesses fear that commercial insurance will break the bank, but this myth needs debunking. Without insurance, your business could face catastrophic financial loss from property damage, theft, or a lawsuit.

Commercial Insurance 52

Commercial Insurance Commercial Cyber Insurer 52

Property Insurance Centre

NOVEMBER 11, 2024

In other cases, it will be due to underwriting appetite of insurers and their ever changing attitudes to risk. Insurers, do not however, look on negatively when a customer claims for substantial damage when they need genuine help. Maintain your property regularly – A well maintained property will lead to less claims.

Insurer 52

Insurer Insurance Insured Premium 52

Property Insurance Centre

MAY 2, 2025

Loss of stock by theft or an accident such as a burst pipe can cause a business thousands of pounds in damage. We find the right policy to suit your needs and understand the risks that a property owner can face in the course of ownership. Stock: For a retailer, making sure the stock is covered correctly is essential.

Insurer 52

Insurer Insurance Insured Policy 52

Property Insurance Centre

JULY 21, 2024

Aspray, a leading property damage claims management company, can act on your behalf when you need to make a claim. Aspray’s repeat win is a reflection of their unwavering commitment to delivering top-notch service to their clients, ensuring that they receive the best possible outcome in times of property damage.

Claim 52

Claim Property Damage Building Property Insurance 52

Property Insurance Centre

SEPTEMBER 25, 2024

See what is not covered in terms of events/damage for your policy and think about getting flood insurance or accidental damage insurance if desired. Accidental damage is not usually covered by a normal building insurance policy. It may also cover damage caused by burst pipes, subsidence, or accidental damage.

Building 52

Building Insurer Insurance Insured 52

Property Insurance Centre

MAY 20, 2024

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. damage caused by a leak). Terrorism Cover for Block of Flats Insurance policies for individual houses typically include cover for damage or loss caused by an Act of Terrorism.

Building 52

Building Liability Insurer Insurance 52

Property Insurance Centre

AUGUST 8, 2024

For example, if the unoccupied office is in a high risk post code for arson, then your insurers may impose a heavy additional premium just for them to keep on risk (along with some very stringent conditions), as an unoccupied office may well be attractive to would-be vandals.

Insurer 52

Insurer Insurance Insured Premium 52

Protect Commercial Insurance

DECEMBER 6, 2024

Early Developments in Business Coverage Long before modern commercial insurance, businesses faced the daunting task of safeguarding their assets against unforeseen calamities. The notion of business coverage can be traced back to medieval times, when the shipping industry first implemented rudimentary forms of risk management.

Commercial Insurance 52

Commercial Insurance Commercial Insurer Insurance 52

Property Insurance Centre

AUGUST 28, 2024

Get a Quote Insurance under one roof We are specialists in many types of insurance GET YOUR QUOTE GET YOUR QUOTE Without an adequate alarm system in place, insurers may not offer terms or increase the premium significantly to reflect the extra risk they may be covering.

Insurer 52

Insurer Insurance Insured Property Insurance 52

Property Insurance Centre

JANUARY 30, 2024

Standard home insurance policies may not provide adequate protection for the unique risks associated with a block of flats. That’s why it’s essential to choose a specialised block of flats insurance policy that covers the specific needs of your property.

Building 52

Building Insurer Insurance Insured 52

Property Insurance Centre

MARCH 19, 2024

These consumer education programs ensure that individuals have the necessary knowledge and tools to safeguard their property effectively. By engaging with these initiatives, consumers can make informed decisions, mitigate risks, and protect their assets. An immediate response to property damage is crucial.

Property Insurance 52

Property Insurance Policyholder Insurer Insurance 52

Property Insurance Centre

JULY 30, 2024

Arrange Landlord Insurance Coverage Landlords need to get the right kind of insurance for their rental properties. This includes insurance for the building itself, liability risks, and coverage for lost rental income. 3 By only choosing trustworthy tenants, the chances of problems like late rent or damage decrease.

Building 52

Building Property Insurance Policy Commercial 52

Majesco

APRIL 11, 2024

They are looking at their financials, growth, profitability, pace of technology change, increasing risk, and customer demands to determine next steps with their technology foundation. There is inflation and its pressure on claims costs, whether it’s medical or it is physical damage to homes and businesses. I am critical of this.

Commercial Property 40

Commercial Property Risk Claim Deductible 40

Property Insurance Centre

NOVEMBER 26, 2024

They help reduce the risks of electrical hazards. They should look for any signs of wear, damage, or degradation. If the PPE looks damaged, it should be taken out of service and replaced. Workers should replace their PPE if it shows signs of wear, damage, or when the manufacturer advises it.

Injury 52

Injury Protection Risk Damage 52

Protect Commercial Insurance

APRIL 25, 2025

Introduction Owning commercial property is a rewarding investment, but it comes with its own set of challenges. One significant threat lurking around the corner is the risk of floods, especially in today’s rapidly changing climate. Let’s delve into the different aspects of flood risks to get a clearer picture.

Commercial Property 52

Commercial Property Commercial Protection Insurer 52

Protect Commercial Insurance

MARCH 14, 2025

Commercial property insurance is a key component in this protection, offering a safety net against unexpected disasters. Understanding Commercial Property Insurance Commercial property insurance is a crucial facet of any business’s risk management strategy.

Commercial Property 52

Commercial Property Property Insurance Commercial Business Interruption 52