Damage, Inland Marine and Theft - Insurance Industry Brief

Insurance Considerations When Expanding Your Business to a New Location

Mark Jackson Insurance Agency

MARCH 19, 2025

Without the right coverage, unforeseen challenges—such as property damage, employee injuries, or legal issues—could put your investment at risk. Key policies to review and update include: Commercial Property Insurance to protect your new location against physical damage from fire, vandalism, theft, or natural disasters.

Workers Compensation

Workers Compensation Liability Property Damage Inland Marine Insurance

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

Distinguished

MARCH 20, 2025

Unlike single-family homes, apartment complexes face heightened risks damage from one unit can quickly spread to others, liability claims can stem from common areas, and evolving building codes can demand costly upgrades. The court awarded her a staggering $13 million in damages.

Building

Building Protection Damage Liability

Insuring Collectibles in New York

Distinguished

FEBRUARY 10, 2025

Whats Covered The policy covers a wide range of risks for direct physical damage, including fire and theft, under an all-risk policy structure with broad coverage. Specific hazards, typically on a location basis, may be restricted, like water damage for flood-prone areas or basement and first-floor storage.

Broker-Agent

Broker-Agent Insurer Insurance Insured

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

Distinguished

OCTOBER 15, 2024

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. In this case, the owner is covered for the physical damage to the property (e.g., damage to the structure under construction).

Policy

Policy Risk Broker-Agent Liability

Does Builder’s Risk Coverage Differ for Residential vs. Commercial Construction Projects?

Distinguished

OCTOBER 30, 2024

While Builder’s Risk policies for both types of projects offer similar coverage, such as insuring for damage to the structure from fire, theft, and other covered perils, there are important distinctions between residential and commercial coverage. Limits of up $20 million are available, depending on the construction type and state.

Commercial

Commercial Risk Broker-Agent Inland Marine

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

Distinguished

SEPTEMBER 25, 2024

Job sites that are under construction are prone to things like fire, theft, and vandalism. Vandalism : Intentional damage to the job site by third parties, including things like broken glass or graffiti. Theft : Covers the cost of replacing covered items that were stolen from the job site.

Risk

Risk Broker-Agent Insurer Insurance

High-Capacity Limits Address Collections of Museums, Corporate Clients, and High-Net-Worth Individuals

Distinguished

JANUARY 7, 2025

Protecting Valuables Against Direct Physical Damage We can provide coverage for common collectibles , including but not limited to fine art, sports memorabilia, entertainment memorabilia, wine and spirits, antiques and antique furniture, stamps, comics, books and manuscripts, coins, glass, and pottery.

Broker-Agent

Broker-Agent Inland Marine Damage Broker

Rare Toy Insurance: A Guide for Collectors and Brokers

Distinguished

AUGUST 5, 2024

These drawbacks include: No protections outside the home : If a collectible goes missing or is damaged while it is outside of your client’s home, like on the way to auction, then it may not be covered.  If your client owns a toy that is worth tens of thousands of dollars, they might not be reimbursed for the full cost should it get damaged. 

Broker

Broker Insurer Insurance Insured

Protecting Fine Art, Collectibles in California

Distinguished

DECEMBER 16, 2024

Our program provides all-risk worldwide coverage for direct physical damage like fire and theft of personal collections of any size. We cover everything from fine art (paintings and sculptures) to silver, porcelain, glassware, trading cards , video games , sneaker collections, couture , comic books , and more.

Protection

Protection Broker-Agent Inland Marine Underwriter

Does Homeowners Insurance Cover Collectibles?

Distinguished

JULY 22, 2024

Theft, damage during transport, or accidental breakage can devastate a collection that has taken years to assemble. So, if a piece is stolen or damaged while being transported for appraisal or exhibition, it likely wouldn’t be covered.

Insurer

Insurer Insurance Insured Policy

Public Art Insurance: Safeguarding Publicly Owned Art and Collectibles

Distinguished

DECEMBER 2, 2024

However, they also face unique risks, from vandalism and weather damage to transport and installation challenges. At Distinguished, our public art insurance covers theft and incidental damage to the fine art and collectibles entrusted to the public institution. What Does Public Art Insurance Cover?

Deductible

Deductible Broker-Agent Insurer Insurance

Builder’s Risk Insurance in Michigan: Online Quotes, Coverages, and Costs

Distinguished

AUGUST 26, 2024

Under-construction buildings can be prone to fire, vandalism, and theft, which can end up costing their backers and owners millions. Whether it’s the work going into revitalizing downtown Detroit or the soaring costs of home prices across the Wolverine State, a lot of time, money, and thought is going into construction work across the state.

Risk

Risk Broker-Agent Insurer Insurance

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

Distinguished

SEPTEMBER 10, 2024

This includes damages that arise from: Fires Theft Vandalism Weather events We are also proud to offer coverages beyond property damage for buildings, temporary structures, and building materials. Our program also offers your clients general liability insurance, which can help cover legal costs that can occur on work sites. 

Risk

Risk General Liability Broker-Agent Insurer

What are the most important questions to ask when choosing business insurance?

Protect Commercial Insurance

OCTOBER 25, 2024

Think about the everyday operations of your business: – Are there physical locations that require protection from natural disasters or theft? – Property Insurance : Protects physical assets from perils like fire, theft, and vandalism. – Inland Marine Insurance for transporting equipment and goods.

Business Insurance

Business Insurance Liability Insurance Liability Policy

Insurance Industry Brief

Insurance Considerations When Expanding Your Business to a New Location

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

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Insuring Collectibles in New York

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

Does Builder’s Risk Coverage Differ for Residential vs. Commercial Construction Projects?

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

High-Capacity Limits Address Collections of Museums, Corporate Clients, and High-Net-Worth Individuals

Rare Toy Insurance: A Guide for Collectors and Brokers

Protecting Fine Art, Collectibles in California

Does Homeowners Insurance Cover Collectibles?

Public Art Insurance: Safeguarding Publicly Owned Art and Collectibles

Builder’s Risk Insurance in Michigan: Online Quotes, Coverages, and Costs

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

What are the most important questions to ask when choosing business insurance?

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