Remove Crime Remove Liability Remove Liability Insurance
article thumbnail

Sweden Seizes Ship Suspected of Sabotage in Baltic Sea

Insurance Journal

The Security Service said it’s conducting a preliminary investigation into the crime … Sweden detained a vessel suspected of damaging a subsea data cable connecting it with Latvia, the third such incident in the Baltic Sea in the past three months.

Crime 260
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. Key coverages we offer include: Property insurance: Protection for buildings, equipment, and inventory against fire, theft, and natural disasters.

Insiders

Sign Up for our Newsletter

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

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

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

Distinguished

Apartment buildings present unique insurance challenges because of their dense living arrangements, high occupancy turnover, and shared spaces. With our city homes insurance , your client will get coverages like: Property : For damages to the apartment building itself or property in the common areas that fall under policy coverages.

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.

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.

article thumbnail

Block of Flats Insurance Glossary of Terms

Property Insurance Centre

Employers’ Liability Insurance Employers’ Liability Insurance protects the insured against claims made by an employee who is injured during the course of carrying out their work for the employer. cleaner or gardener). Who is Considered an Employee?