Bankers Insurance

AUGUST 8, 2024

THE IMPORTANCE OF ACCURATE VALUATION IN COMMERCIAL PROPERTY INSURANCE When purchasing or renewing commercial property insurance , it’s important for businesses to ensure their coverage includes correct property valuations. Additionally, property undervaluation can result in coinsurance penalties. inflation).

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Commercial Property Property Insurance Commercial Out-Of-Pocket 59

Jackson & Jackson

APRIL 26, 2024

Investing in commercial property in California can be a lucrative venture, but it also comes with its unique set of risks and responsibilities. One of the most crucial aspects to consider is commercial property insurance. Properties in high-risk areas for earthquakes and wildfires may see higher premiums.

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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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Commercial Property Property Insurance Commercial Deductible 52

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 Inland Marine Insurance 52

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

Distinguished

APRIL 9, 2025

Unlike agents or brokers, MGAs can bind coverage, price policies, and handle claims they essentially act as an extension of an insurer. Here are just a few of the ways that MGAs and insurance brokers differ: Underwriting and policy issuance : Traditional brokers sell insurance policies but must go through an insurer to get coverage approved.

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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.

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Property Insurance Centre

JANUARY 30, 2025

Empty properties pose higher risks, including: Security concerns Unoccupied units are more vulnerable to vandalism, break-ins, and squatting. Fire risks An unoccupied space can become a target for arson or suffer unnoticed electrical faults. Maintenance issues Leaks, dampness, or structural problems may go unnoticed.

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American Agents Alliance

APRIL 3, 2025

Rising expenses could perhaps cause higher insured values, leading to policy adjustments and higher premiums. This could cause higher rates in commercial property and homeowners lines. Review policies proactively and suggest coverage adjustments accordingly. Education is often the first step.

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Agents Policyholder Premium Auto Insurance 52

Property Insurance Centre

MARCH 21, 2025

This diversity in building age and structure affects insuranceolder buildings may face higher premiums due to maintenance risks, while newer developments may require higher coverage for cutting-edge amenities. Insurers often request an EWS1 form or similar documentation to assess fire risks.

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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.

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Insurance Policy Protection Policy Business Interruption 52

Paragon Independent Insurance Agencies

DECEMBER 16, 2024

Cyber liability insurance from Paragon Independent Insurance Agency can provide the safeguard you need to protect your investments, assets, and reputation where traditional insurance policies may fall short. Some cyber liability insurance policies also provide mitigation support when tackling negative publicity.

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Commercial Property Liability Insurance Cyber Liability 40

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.

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Property Insurance Centre

JANUARY 27, 2025

Speak with the Freeholder or Managing Agent: Ask for details about the current insurance policy and how costs are allocated. Seek Professional Advice: If you suspect the freeholder is failing to insure the property adequately, consult a legal expert or surveyor.

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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.

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Property Insurance Centre

SEPTEMBER 11, 2024

What does a Lift Inspection Policy cover? What does a Lift Inspection Policy cover in conjunction with a Purpose Built Flats Insurance Policy? Lift Inspection policies will often accompany a Purpose Built Flats Insurance Policy, and for good reason.

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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?

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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.

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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.

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Risk Broker-Agent Insurer Insured 52

Risk Management Monitor

AUGUST 9, 2022

Many commercial property policies contain provisions that any lawsuit against an insurer must be filed within one year following the “inception of loss,” otherwise it is barred. In that case, a hotel filed a lawsuit against its insurer for refusing to cover hail-related roof damage under a commercial property insurance policy.

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Damage Claim Commercial Property Deductible 78

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.

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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.

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Commercial Commercial Property Insurance Insurer 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. Having the right insurance policies in place ensures your business is protected even during the offseason. Start by evaluating your specific risks.

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Property Insurance Centre

JANUARY 4, 2024

. “The increasing frequency and severity of weather events have made it imperative for insurers to reassess their risk models and coverage options,” says weather expert Dr. Emma Thompson. This table clearly demonstrates the significant financial impact of weather events on property insurance companies and the insureds they serve.

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Property Insurance Commercial Property Liability 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.

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Triple-I: Business Insurance

OCTOBER 1, 2024

Focusing specifically on the strike’s impact on the property/casualty industry – and given the specific goods transiting through those ports – the impact will be most direct for homeowners, personal and commercial auto, and commercial property.

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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.

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Workers Comp Commercial Property Cyber Commercial 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. Unfortunately, customers are more often than not caught in the middle, and end up having to fork out more money to pay for policies or settle for lesser cover. It can be an extremely nuanced subject & question.

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Insurance Insurer Insured Premium 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. You can choose from a range of policies that include basic coverage to keep costs down. Imagine you run a cosy coffee shop.

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Commercial Insurance Commercial Cyber Liability 52

Jackson & Jackson

APRIL 28, 2024

How to Avoid It: Regularly review and update your insurance coverage to match the current value of your property and its contents. Ensure your policy covers replacement costs rather than actual cash value, as this accounts for the depreciation of your assets. In California, consider adding earthquake and flood insurance.

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Business Interruption Out-Of-Pocket Expense Out-Of-Pocket Broker-Agent 52

Property Insurance Centre

OCTOBER 18, 2024

Flooding, storm damage, and subsidence were major contributors to these claims, with homeowners and businesses alike suffering significant financial losses​ CityAM AXA UK home page The Growing Cost of Flood Damage Flooding continues to be one of the most significant risks facing UK property owners.

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Property Insurance Centre

AUGUST 28, 2024

Corner Shop Insurance and BT Redcare Alarm changes Business Owners who have corner shop insurance are all to aware of the benefits an appropriate intruder alarm system will have, both in relation to their insurance premiums (or in being given an insurance policy at all in some cases) and to the physical security of their goods.

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Insurance Insurer Insured Property Insurance 52

Property Insurance Centre

MAY 20, 2024

Most policies specifically designed for blocks of flats make provision for inflationary increases each year, with the Declared Value automatically index-linked by the annual percentage shown in the Building Cost Information Service (BCIS) Index provided by the Royal Institute of Chartered Surveyors (RICS). This can apply to a total loss (e.g.

Building 52

Building Liability Insurance Insurer 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. Remember to keep communication open and schedules flexible.

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Building Broker Commercial Property Commercial 52

Property Insurance Centre

AUGUST 8, 2024

How to get Empty Office Insurance Empty office Insurance If you are a property owner of an office. You will want to make sure you have the right policy in place that will cater for your particular requirements. These may be any/all of the following depending on the policy. How long has the office been empty for?

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Insurance Insurer 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.

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