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Construction Defects Are Not Covered Property Damage in Commercial Liability Policy

Insurance Journal

A home builder is not covered under the property damage coverage in its commercial liability policy for construction defects for which it was responsible. A three-judge panel of the Massachusetts Appeals Court has held for the first time that “construction …

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US State AGs Seek Treble Damages Against Live Nation for Concertgoers

Insurance Journal

Attorneys general from about two dozen U.S. states are seeking treble damages against Live Nation Entertainment and its ticket-selling unit, Ticketmaster, for allegedly monopolizing markets across the live concert industry in an updated version of a lawsuit originally filed in …

Damage 264
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What is LRO Insurance?

Central Insurance

LRO insurance provides comprehensive protection against commercial property damage, liability claims, and income loss. In this article, we explore the key differences between LRO and general liability insurance and why commercial landlords need to have this coverage. The post What is LRO Insurance?

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Live Nation Seeks to End States’ Claim of Damages for Concertgoers

Insurance Journal

Live Nation Entertainment has asked a federal judge in New York to dismiss several states’ claims that the live event promoter harmed event-goers by stifling competition with its ticket-selling arm, Ticketmaster. Live Nation seeks to dismiss part of the lawsuit …

Claim 256
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Yes, Cyber Insurance Is Expensive, but It’s Also Essential

Corvus

General liability insurance is the most regularly purchased insurance policy among small businesses. But the financial and reputational repercussions from cyberattacks are just as real as property damage, and hurt businesses of all sizes. That’s why cyber is tricky.

Cyber 40
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Can Both the Contractor and Property Owner Be Named Insureds on a Builder’s Risk Policy?

Distinguished

This could be the contractor, developer, or property owner, depending on who stands to suffer a financial loss if the property is damaged during construction. Instead, a contractor’s operations liability should be covered by a separate Contractor’s General Liability policy. damage to the structure under construction).

Policy 52
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Beyond Coverage: Understanding the Limitations of Cyber Liability Insurance for California’s Tech Companies

Jackson & Jackson

Property Damage : Traditional cyber policies typically don’t cover physical damage caused by cyber events. General Liability Insurance: to help cover claims your business caused property damage or bodily injury. This can be a critical gap for tech companies with significant physical assets.