Remove Compensation Remove Financial Loss Remove Policy
article thumbnail

What risks does your business face? Here are 5 you should know.

Frankenmuth Insurance

They can cause significant damage to your property, disrupt your operations, and lead to substantial financial losses. Get a workers compensation policy. Should a team member be injured or killed on the job, workers compensation can help protect you financially and legally. Get the right coverage.

Risk 86
article thumbnail

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

Jackson & Jackson

Make sure to understand the specific perils covered by your policy, as not all natural disasters might be included. Business Interruption Insurance Unexpected events can disrupt your operations, leading to significant financial loss. Shop around and compare different policies to find the best coverage at a reasonable price.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Understanding Liability Insurance for UK Tradespeople and Contractors

Protect Commercial Insurance

It covers the cost of compensation and associated legal fees if an employee decides to sue. Without this insurance, not only do you face the risk of hefty compensation claims, but you could also incur significant fines from regulatory bodies. – Policy Limits : What’s the maximum amount the insurer will pay out?

article thumbnail

Landlord’s Insurance for Beginners

Cover4LetProperty

A standard home insurance policy will not cover you if you’re renting out your property, which makes landlord insurance a vital part of being a responsible property owner. Landlord insurance can be tailored to meet your specific needs, and policies often come with a variety of options. Why do you need landlord insurance?

article thumbnail

E&O vs. EPLI: What Coverage Do Your Clients Need?

ProWriters

As they seek to secure the insurance they need to protect themselves, some companies’ decision-makers may get confused about E&O vs. EPLI policies. Both types of policies involve legal liabilities and are important. Coverage of claims made by third parties who suffer financial losses due to the insured’s actions.

article thumbnail

Cyber Insurance for Contractors: What It Covers & Why They Need It

ProWriters

Ransomware attacks, phishing scams, and other types of cyber attacks can result in data breaches and other incidents that cause financial loss, reputational harm, and legal consequences. Read on for information you can use about cyber risks contractors face—as well as how a strong Cyber Insurance policy can help protect them.

Cyber 52
article thumbnail

Emerging Property Insurance Trends 2024

Property Insurance Centre

This ensures that insured properties are adequately valued and properly insured, reducing the risk of financial loss in the event of a claim. This is a significant concern as it leaves property owners vulnerable to potential financial losses in the event of a claim.