article thumbnail

A Comprehensive Guide to Understanding Commercial Property Insurance

Protect Commercial Insurance

Navigating the world of insurance can feel overwhelming, especially when it comes to understanding commercial property insurance. This friendly guide will walk you through the essentials of commercial property insurance, helping you protect your business premises and assets with confidence. What is Commercial Property Insurance?

article thumbnail

Insurance Considerations When Expanding Your Business to a New Location

Mark Jackson Insurance Agency

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. Key policies to review and update include: Commercial Property Insurance to protect your new location against physical damage from fire, vandalism, theft, or natural disasters.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Does Builder’s Risk Coverage Differ for Residential vs. Commercial Construction Projects?

Distinguished

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. View a full list of our programs and submit business with Distinguished.

article thumbnail

What is a Managing General Agent (MGA) in Insurance?

Distinguished

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. Claims handling: Brokers generally refer clients to insurers for claims support, whereas some MGAs have the authority to manage claims directly.

Agents 52
article thumbnail

Insurance for Apartment Building Owners: Protecting Your Client’s Investments With the Right Coverage

Distinguished

Personal lines coverage : For owner-occupied properties with up to four units (where the owner lives in one of the units), we provide commercial insurance for the building along with optional personal coverages. This allows the owner-occupant to insure both the building and their personal unit under the same policy.

article thumbnail

Distinguished Programs Appoints Ashley Mehyo as VP of Claims for Fine Art and Collectibles Program 

Distinguished

Before joining Distinguished , Ashley served as Claims Supervisor at Berkley Asset Protection, where she oversaw the accuracy and efficiency of claims , including those related to Jewelers Block, Personal Jewelry, Fine Art, Specie, and Commercial Property.

Claim 52
article thumbnail

Distinguished Launches Fine Art & Collectibles Insurance for Personal Collections in California with $125M Capacity and Earthquake Coverage

Distinguished

This expansion provides comprehensive coverage for both personal collections and commercial clients, including collectors , galleries, museums, corporate collections, municipalities and institutions. The program offers full limits, including earthquake coverage with capacity up to $125 million for single risks.