article thumbnail

How Insurance Carriers Use Crime Scores to Assess Risk in the Affordable Housing Industry

Scott Insurance

Many insurance carriers use third-party crime scores to evaluate their exposure to criminal risk when underwriting general liability insurance policies. Thus, affordable housing providers are highly likely to experience a loss of coverage or relatively high insurance premiums.

Crime 52
article thumbnail

Affordable Housing Insurance Challenges: Understanding the Market

Scott Insurance

suburban) and are more susceptible to the use of crime scores when underwriters rate their liability insurance. Additionally, insurance carriers are requiring higher deductibles, which often puts affordable housing owners at odds with their lending and syndicator partners.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Healthcare Data Breaches: What You and Your Clients Must Know

ProWriters

Help Your Clients Respond to and Reduce Their Risk of HIPAA Breaches Knowing how to respond to healthcare data breaches is crucial, especially breaches occurring due to cyber crime. Threat actors relentlessly try to gain access to PHI because it is so lucrative on the illegal market.

Cyber 52
article thumbnail

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

ProWriters

Cyber Insurance for contractors is an essential safety net. How can you stress the need for Cyber Liability Insurance for contractors to your clients? 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

Landlord’s Insurance for Beginners

Cover4LetProperty

Contents insurance If you rent out a furnished or partly furnished property, contents insurance can cover the cost of replacing furniture, appliances, or other items that belong to you as the landlord. Note that tenant belongings are not covered under this policy—they will need their own tenants contents insurance for personal items.

article thumbnail

Blog Post: Frequently Asked Questions on Complex Employment Issues for California Workers’ Compensation

LexisNexis

Is the gardener covered for workers’ compensation benefits under the homeowner’s liability insurance policy? An Uber driver is waiting for a rideshare customer and is pulled over to the curb in a high crime area. One day, the gardener falls off a ladder while trimming a tree on the homeowner’s property.

article thumbnail

How Partnering With a Cyber Insurance Broker Protects Your Clients

ProWriters

As an insurance broker, you likely recognize that while these technologies drive business operations, they also increase vulnerability to cyber crime, making Cyber Insurance a necessity for your clients. Helping your clients understand cyber risks and Cyber Insurance policy jargon can be challenging.