Remove Commercial Property Remove Insurance Policy Remove Liability Insurance
article thumbnail

5 Essential Considerations for Insurance When Buying or Investing in Commercial Property

Jackson & Jackson

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.

article thumbnail

Why Cyber Liability Insurance Matters for Business Owners and Commercial Property Investors in Plano, TX

Paragon Independent Insurance Agencies

As cyberattacks become increasingly prevalent worldwide, it’s crucial for business owners and commercial investors in Plano, TX, to consider cyber liability insurance. Some cyber liability insurance policies also provide mitigation support when tackling negative publicity.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Protect Your Business: 5 Essential Insurance Policies You Might Be Overlooking

Protect Commercial Insurance

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.

article thumbnail

Emerging Property Insurance Trends 2024

Property Insurance Centre

This is a significant concern as it leaves property owners vulnerable to potential financial losses in the event of a claim. Furthermore, underinsurance can result in delayed or denied claims, leaving property owners in a difficult situation.

article thumbnail

Block of Flats Insurance Glossary of Terms

Property Insurance Centre

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. If it is not, they may rely upon a clause within the insurance policy called Average, Average Condition, or Underinsurance.

article thumbnail

How Seasonal Businesses Can Optimize Insurance Coverage

Mark Jackson Insurance Agency

Having the right insurance policies in place ensures your business is protected even during the offseason. Commercial liability insurance is another must-have, as accidents can happen during both active and slower periods. Start by evaluating your specific risks.

article thumbnail

Common Myths About Commercial Insurance Debunked

Protect Commercial Insurance

A single incident can be financially crippling, but insurance shields you from unprecedented risks. Investing in the right policy can save you a lot of money in the long run. Each policy is unique and can vary widely in what it covers. Some protect against property damage, while others focus more on liability issues. .