Property Insurance Coverage Law

SEPTEMBER 26, 2024

In a case involving alleged hail damage to a commercial building, the court granted summary judgment in favor of the insurer, Charter Oak Fire Insurance Company, after excluding the policyholder’s expert witness.

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Shield Insurance Agency

MARCH 31, 2025

Running a warehouse in Michigan involves managing a variety of risks, from property damage to employee injuries. Commercial insurance plays a key role in mitigating these risks, providing crucial protection for warehouse operations. This is where commercial insurance comes in.

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Property Insurance Centre

FEBRUARY 10, 2025

What Perils Are Covered by Commercial Property Insurance? Commercial property insurance is essential for businesses to protect their assets from unforeseen events. But what exactly does commercial property insurance cover? ” If a peril is explicitly listed in the policy, the insurer will cover the damage it causes.

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Insurance Journal

APRIL 3, 2025

The Supreme Court on Wednesday sided with a truck driver who wants to sue for triple damages over a CBD hemp product he says was falsely advertised as being free from marijuana’s active ingredient and resulted in him getting fired.

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Property Insurance Coverage Law

SEPTEMBER 4, 2024

Yesterday’s post about a Michigan coverage case, Order and Bind Insurance Before the Loss—Commercial Policy Covers Water Damage Under Drain Backup Endorsement, noted that there was also an issue with insurance agent negligence. The duties of an insurance agent to the policyholder will differ depending on state law.

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Insurance Journal

OCTOBER 28, 2024

Costly reinsurance, inflation, tough regulations, and increasing weather-related claims are driving up property insurance prices—and in turn, that is impacting commercial real estate returns, valuations, and transactions, a new report shows. The Urban Land Institute and real estate investment management …

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Insurance Journal

APRIL 22, 2025

As roads become more dangerous, 70% of company drivers say they worry about being killed or hurt in a collision or held liable for the damages. While 89% of company drivers rate their driving as good or excellent, less than …

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Paragon Independent Insurance Agencies

FEBRUARY 28, 2025

At Paragon Independent Insurance Agency, we provide businesses in the greater Plano, TX area with various commercial insurance products. So, how do you determine which commercial insurance products will best protect your business? The post How Do You Know What Commercial Insurance Products Your Business May Benefit From?

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Central Insurance

JULY 25, 2024

LRO insurance provides comprehensive protection against commercial property damage, liability claims, and income loss. In this article, we explore the key differences between LRO and general liability insurance and why commercial landlords need to have this coverage. The post What is LRO Insurance?

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Insurance Journal

JANUARY 23, 2025

Catastrophe modeler KCC said insured loss from privately insured and California FAIR plan policies to residential, commercial and industrial properties, and autos from the Palisades and Eaton Fires will be close to $28 billion. That’s in line with estimates issued …

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Insurance Journal

NOVEMBER 21, 2024

AP) — A combination of severe hurricane damage to Tropicana Field and political delays on financing means it is highly unlikely the Tampa Bay Rays’ planned new stadium will be ready for the 2028 season, if at … PETERSBURG, Fla. (AP)

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Central Insurance

FEBRUARY 24, 2025

The consequences can ripple far beyond a single shipment when cargo is lost, damaged, or delayed. Without proper coverage, businesses risk financial loss, reputational damage, and loss of key contracts, which can all be detrimental. The transportation industry runs on reliability.

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Triple-I: Homeowners Insurance

FEBRUARY 13, 2025

Property damage liability claims per 100 insured vehicles are 15 percent higher, and relative body injury claims frequency is 60 percent higher. Rising claim frequency and litigation costs put coverage affordability and availability at risk. The five-year average count for liability claims increased 24.9

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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.”.

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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. Without the right coverage, unforeseen challenges—such as property damage, employee injuries, or legal issues—could put your investment at risk.

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The Property Insurance Law Observer

SEPTEMBER 16, 2024

The 6th Circuit held that the property policy’s cosmetic damage exclusion applied to bar coverage because the insured, J&S Welding, Inc. Insured”), failed to disclose or produce any expert evidence to rebut the conclusions of the West American’s three experts, who determined the roof’s damage was merely cosmetic.

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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. It provides coverage for physical damage to your property and any loss of income due to business interruption.

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The Property Insurance Law Observer

AUGUST 1, 2024

23, 2024), the Supreme Judicial Court of Massachusetts held that the term “surface waters,” as used in a limitation contained in commercial property insurance policies, was ambiguous in the context of rainwater accumulating on roofs, thereby finding coverage for the insured.

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Mark Jackson Insurance Agency

SEPTEMBER 25, 2024

This is where Commercial Umbrella Insurance comes into play, offering an additional layer of protection to safeguard your business against potentially crippling financial damages. Commercial umbrella insurance kicks in when those limits are reached, providing the extra coverage needed to handle high-cost liabilities.

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Protect Commercial Insurance

NOVEMBER 15, 2024

This is where commercial insurance comes into play. Designed to protect your business from unforeseen risks, commercial insurance can offer the peace of mind you need to focus on what truly matters—growing your business and serving your clients. Types of Commercial Insurance Commercial insurance isn’t just a one-size-fits-all solution.

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The Property Insurance Law Observer

AUGUST 22, 2024

2024), the District Court of Massachusetts found that “collapse” provisions within a commercial property policy were ambiguous where a floor merely sagged without completely falling to the ground. During the policy period, the insured’s floor “sunk” between eight to 12 inches.

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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. This article explores the intricacies of commercial flood insurance in the UK, highlighting regional variations, challenges, and solutions.

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Jackson & Jackson

APRIL 30, 2024

This article explores how various location-based factors affect commercial property insurance rates in California and offers insights for managing these costs effectively. Understanding Location-Based Risk Factors Location plays a pivotal role in determining insurance premiums for commercial properties.

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Protect Commercial Insurance

NOVEMBER 22, 2024

Introduction Navigating the world of commercial insurance can feel a bit like wandering through a maze, with myths lurking around every corner. 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.

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Protect Commercial Insurance

OCTOBER 11, 2024

Introduction Climate change isn’t just an environmental buzzword; it’s rapidly becoming a pivotal factor in the world of insurance, especially for commercial properties. These disasters cause exponential damage to commercial properties.

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Protect Commercial Insurance

NOVEMBER 8, 2024

Introduction Running a business comes with its fair share of expenses, and one of those is commercial insurance. This guide will teach you practical ways to save money on your commercial insurance. It provides protection against a plethora of risks, including property damage, liability claims, theft, and even employee injuries.

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Protect Commercial Insurance

JUNE 27, 2024

Introduction Navigating the world of commercial insurance can often feel like walking through a dense fog of myths and misconceptions. Unfortunately, the abundance of myths surrounding commercial insurance may lead many business owners to make decisions that are not in their best interest. This is far from the truth.

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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. In fact, an estimated 75% of commercial properties are underinsured by 40% or more, according to industry data.

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Distinguished

OCTOBER 30, 2024

Builder’s Risk insurance is critical for residential and commercial construction projects, as it covers the property during construction or renovation. Commercial construction can also involve higher total insurable value (TIV) and more complex coverage needs. Our plan offers various extra coverages and sublimits.

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Protect Commercial Insurance

SEPTEMBER 6, 2024

Emerging Trends in Commercial Insurance: What to Watch Out for in 2024 The landscape of commercial insurance is continually evolving, driven by technological advancements, changing regulations, and the fluctuating needs of businesses. In 2024, expect cyber insurance policies to become more comprehensive and tailored.

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Protect Commercial Insurance

JULY 26, 2024

Welcome to our blog post on how to maximise your business growth by securing the right commercial tailors insurance. Understand Your Coverage Needs When it comes to commercial tailors insurance, understanding your coverage needs is the first step towards securing the right policy. Let’s dive in!

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Paragon Independent Insurance Agencies

MAY 27, 2024

Commercial insurance is vital for protecting business property, assets, and operations from various risks and liabilities around Plano, TX. Commercial Insurance Information Commercial insurance consists of policies to safeguard businesses when financial losses are inevitable. Call us today for the most updated information.

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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.

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Distinguished

APRIL 21, 2025

The damage is extensive, and tenants are forced to relocate while repairs are underway. However, with opportunity comes risk: property damage, liability claims, and unexpected financial losses can quickly turn a profitable investment into a costly liability. Sewer and drain backup: Protects against water damage from plumbing backups.

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LexisNexis

DECEMBER 3, 2024

Learn about the categories of damages available to a party for breach of a commercial contract in the District of Columbia, including compensatory, general, consequential, incidental, and liquidated damages. The practice note also addresses the use of contractual damage limitation provisions.

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Protect Commercial Insurance

DECEMBER 6, 2024

Introduction The world of commercial insurance is constantly evolving, adapting to meet the changing needs of businesses. Whether you’re a small business owner, an industry leader, or just curious about the future, understanding these key trends will be essential in navigating the commercial insurance world.

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Distinguished

MARCH 20, 2025

Unlike single-family homes, apartment complexes face heightened risks damage from one unit can quickly spread to others, liability claims can stem from common areas, and evolving building codes can demand costly upgrades. The court awarded her a staggering $13 million in damages.

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