Remove Crime Remove Injury Remove Premium
article thumbnail

Landlord Insurance in Chicago, Illinois: Everything Brokers and Property Owners Need to Know

Distinguished

General liability: Protects against tenant or visitor injuries, legal claims, and medical expenses. Crime insurance: Safeguards against theft, fraud, and vandalism. The citys density, property values, and the likelihood that someone could make a claim all contribute to premium fluctuations.

Broker 52
article thumbnail

Restaurant Insurance in Charlotte, North Carolina: A Broker’s Guide

Distinguished

Slip-and-fall incidents: High foot traffic in dining areas and restrooms increases the risk of customer or employee injuries, which can lead to costly liability claims. General liability insurance: Coverage for legal claims related to customer injuries or property damage.

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

Distinguished

For example, a resident suffered severe injuries a fractured tibia and fibula after slipping on black ice while walking to her car. Crime insurance : Protects against financial losses caused by theft, burglary, or employee dishonesty, covering stolen money, securities, or property. We offer coverage up to a limit of $1 million.

article thumbnail

Landlord’s Insurance for Beginners

Cover4LetProperty

Renting out a property comes with many potential risks—damage caused by tenants, legal liability for injuries that happen on the property, or loss of rental income due to unexpected events like a fire or flood. This would cover you for example, when a tenant may hold you liable for an injury which was caused within / by your property.

article thumbnail

How To Save Money On Your Commercial Insurance

Protect Commercial Insurance

By understanding your policy needs, shopping around, and exploring available discounts, you can effectively manage insurance premiums and keep your business financially secure. It provides protection against a plethora of risks, including property damage, liability claims, theft, and even employee injuries.

article thumbnail

Builder’s Risk Insurance in Alabama: A Broker’s Guide 

Distinguished

These include: Damage done intentionally to a covered item Injuries to employees working on the project Costs related to manufacturing defects Damages related to terrorism, nuclear attacks, or military actions Other policies should offer coverage for some of these risks. Our Builder’s Risk program does not cover some specific risks.

Risk 52
article thumbnail

Identifying and Preventing Provider Fraud in Workers Comp Cases

Risk Management Monitor

Claimant fraud and premium fraud are two of the most well-known types of workers compensation fraud. In these cases, a worker may intentionally fake an injury (claimant fraud) or a business owner may misrepresent their employee headcount or incorrectly classify employees to obtain lower insurance premiums.