Remove Commercial Remove Insurance Broker Remove Insurance Claim
article thumbnail

5 FCA permissions for advising on commercial insurance.

Protect Commercial Insurance

The following 5 Permissions are necessary if you’re advising or transacting on Commercial Insurance 1. This includes recommending a specific insurance policy to a customer. Assisting in the administration and performance of an insurance contract. The post 5 FCA permissions for advising on commercial insurance.

article thumbnail

Understanding Commercial Flood Insurance in the United Kingdom

Property Insurance Centre

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. Commercial properties are particularly vulnerable due to their size, location, and value.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Insurance Claims-Handling Best Practices: Ensuring Smooth Claims Processing for Your Clients

Word & Brown

For HealthCare.gov consumers, in 2021, less than two-tenths of one percent of in-network claim denials were appealed. For those that were, insurers upheld the denial in 59% of cases. If that happens, there are some claims handling best practices you should consider. commercial, public, Medicare, Medicaid, etc.),

Claim 52
article thumbnail

Emerging Property Insurance Trends 2024

Property Insurance Centre

Inflation and rising costs are major drivers of increased insurance expenses for property owners. To ensure adequate coverage, property owners should stay informed about the latest trends and collaborate closely with their insurance brokers to navigate the evolving property insurance landscape.

article thumbnail

What is Subrogation and How Does it Work?

Bankers Insurance

By: Dwight West | Commercial Insurance Advisor dwest@bankersinsurance.net | (757) 591-3166 WHAT IS SUBROGATION? It’s best to work with a trusted insurance broker to determine how subrogation applies to your various policies. However, in construction contracts, mutual waivers might not be acceptable or advisable.

article thumbnail

Top Building Insurance Pitfalls To Trigger F.O.M.O.

Property Insurance Centre

By following these tips, you can ensure you have the right building insurance policy in place to protect your property and avoid potential pitfalls. Navigating the Building Insurance Claims Process When disaster strikes, it’s essential to know how to navigate the building insurance claims process.

article thumbnail

Freehold Block of Flats Insurance: Top Cover Tips

Property Insurance Centre

Claims History: Disclose any previous insurance claims made on the property, including the date, total cost, and details of the claim. This information helps insurers assess the risk profile of the property. The date of construction is important as it helps insurers assess the age and condition of the property.