article thumbnail

Distinguished Programs and Berkley Program Specialists Partner for Community Associations D&O and Crime Coverage 

Distinguished

New York – Distinguished Programs (“Distinguished”), a national insurance program manager, announced an expanded partnership with Berkley Program Specialists (“BPS”), a leading provider in the industry, to underwrite its Community Associations Crime and D&O products. Starting Jan.

Crime 52
article thumbnail

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

Distinguished

Crime insurance : Protects against financial losses caused by theft, burglary, or employee dishonesty, covering stolen money, securities, or property. These include $1 million in personal liability, coverage for personal contents, inland marine for scheduled valuables, and additional living expenses.

Insiders

Sign Up for our Newsletter

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

article thumbnail

A Comprehensive Guide to Understanding Commercial Property Insurance

Protect Commercial Insurance

Inland Marine Insurance : Valuable for businesses frequently moving goods and equipment across locations. Does the local crime rate affect security? . – Environmental Liability Coverage : Particularly useful for businesses dealing with hazardous materials, covering clean-up costs from damage caused by pollution.

article thumbnail

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

Distinguished

However, every project is different, so underwriters will determine the final cost of a policy based on the following factors: Location : Construction sites near bodies of water, in higher crime areas, or that include some other unique risk factor would increase the cost of the policy.

Risk 52