Distinguished

FEBRUARY 24, 2025

Based on our decades of experience in this industry, here are some of the top exposures we see restaurants facing in markets like Charlotte: Fire damage: Fire is a constant risk in hot kitchens, and even a small incident could lead to heavy repair bills and a temporary closure.

Liability 52

Liability Liability Insurance Insurer Insured 52

The Property Insurance Law Observer

AUGUST 22, 2024

The insurer argued that the damage to the floor did not meet the policy’s definition of “abrupt collapse” because it did not completely fall to the ground. Underwriters at Lloyd’s, London , 2012 WL 2020168 (D. Even though the floor had partially detached from the property’s exterior wall, it remained standing. Great Am.

Building 130

Building Commercial Property Damage Policy 130

Triple-I: Homeowners Insurance

DECEMBER 4, 2024

Examples included increased inland flooding, such as the devastation caused in the rural southeast by Hurricane Helene, and damage inflicted by surprisingly intense tornadoes spun off by Hurricane Milton. Dr. Klotzbach discussed the “very busy” 2024 Atlantic Hurricane season with its surprising impact on Asheville, N.C.,

Risk 110

Risk Underwriting Underwriter Building 110

Distinguished

DECEMBER 16, 2024

Unlike competitors retreating from the market due to aggregation risks, our Fine Art and Collectibles insurance program brings fresh capacity and a willingness to underwrite policies tailored to Californias unique challenges. Wildfire coverage is included under our Fine Art and Collectibles program based on underwriting.

Protection 52

Protection Underwriting Underwriter Risk 52

Paragon Independent Insurance Agencies

MAY 27, 2024

These events may include property damage, liability claims from work-related injuries, break-ins, or business interruption. Property insurance policies cover damage or loss caused by perils such as fire, vandalism, theft, or natural disasters. Questions should be asked to understand the coverage before the underwriting takes place.

Commercial Insurance 40

Commercial Insurance Commercial Protection Business Interruption 40

Distinguished

DECEMBER 16, 2024

Unlike competitors retreating from the market due to aggregation risks, our Fine Art and Collectibles insurance program brings fresh capacity and a willingness to underwrite policies tailored to Californias unique challenges. Wildfire coverage is included under our Fine Art and Collectibles program based on underwriting.

Protection 52

Protection Broker-Agent Inland Marine Underwriting 52

Distinguished

AUGUST 12, 2024

This includes coverage for: General liability : Covers legal costs and damages that arise from lawsuits related to this construction, renovation, or betterment project. Under-construction buildings : Covers damages to buildings or structures that are under construction, renovation, or undergoing betterment.

Risk 52

Risk Broker-Agent Insurer Insured 52

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 52

Broker Insurer Insured Insurance 52

Majesco

JUNE 13, 2024

Can actuaries, underwriters, and business leaders get back on top and win the combined ratio game? Severe convective storms are among the most common and most damaging natural catastrophes in the United States with damaging wind, hail, rain, and tornadoes. The world and the economy have handed insurers a tough equation.

Risk 40

Risk Underwriting Underwriter Insurer 40

InsuredMine

DECEMBER 26, 2024

Of this, flooding accounted for approximately $82 billion in damages, yet only $13 billion was covered by insurance, as reported by insurance firm Aon. These tools can forecast potential risk scenarios years in advance, helping agencies adjust their underwriting strategies and product offerings accordingly.

Risk 105

Risk Claim Building Financial Loss 105

Distinguished

MARCH 17, 2025

With infractions ranging from heating failures to illegal conversions, understanding these issues is essential for assessing risk and underwriting policies. Then we have mold and water damage , often stemming from persistent leaks and damp conditions in older buildings. Another common violation is pest infestations.

Broker 52

Broker Insurance Broker Building Underwriting 52

Distinguished

MARCH 6, 2025

In Los Angeles, housing code violations present challenges that affect property safety, compliance, and insurance underwriting. Along with this, mold and water damage often due to leaking pipes, poor ventilation, or roof damageposes serious health hazards if not promptly repaired. Pest infestations are also widespread.

Building 52

Building Damage Insurance Broker Underwriting 52

Distinguished

AUGUST 26, 2024

This means complete property protection in the event of damages from: Extreme weather events Vandalism Theft Fire Beyond property damage, Distinguished also offers coverages for: General liability Soft costs Mold and fungus Off-site materials in transit How Much Does Builder’s Risk Cost in Michigan?

Risk 52

Risk Broker-Agent Insurer Insured 52

TGS

SEPTEMBER 11, 2023

The South Carolina Wind and Hail Underwriting Association, also known as Wind Pool, is an association of insurance providers. This covers any damage caused by wind or hail events. With replacement cost coverage, a flood policy must also be active at the time of the damage, or else there will be actual cash value coverage.

Insurer 52

Insurer Insured Insurance Out-Of-Pocket 52

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 52

Risk General Liability Broker-Agent Insurer 52

Scott Insurance

JANUARY 28, 2022

Environmental / Pollution Environmental/pollution policies are available in the market and can contemplate both the first party (property) and third party (general liability – bodily injury/property damage) mold exposure.

General Liability 52

General Liability Deductible Liability Property Damage 52

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. We understand the unique risks and how to best insure these special items.

Insurer 52

Insurer Insured Insurance Policy 52

Property Insurance Centre

JANUARY 4, 2024

Weather Conditions and Natural Disasters Since 1980, there have been 360 weather- and climate-related natural catastrophes , resulting in damages and costs of over $2.57 The impacts of weather events and natural disasters go beyond immediate property damage, affecting communities and economies on a larger scale.

Property Insurance 52

Property Insurance Commercial Property Liability Insurer 52

Distinguished

SEPTEMBER 25, 2024

Vandalism : Intentional damage to the job site by third parties, including things like broken glass or graffiti. Property damage : Damages to the building that is being constructed or renovated. Equipment : Covers damages to or theft of equipment used on the job site.

Risk 52

Risk Broker-Agent Insurer Insured 52

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 52

Deductible Insurer Insured Broker-Agent 52

Scott Insurance

APRIL 21, 2020

Material Change in Risk Manufacturers & Distributors should prepare for the possibility of increased underwriting scrutiny. Insureds should expect that more information will be required during the underwriting process, including customer/supplier contracts and risk control measures.

Risk 40

Risk Liability Underwriting Underwriter 40

Distinguished

OCTOBER 1, 2024

Of course, these facilities also have alarm systems connected to the fire department and are equipped with fire suppression systems to minimize the potential for fire damage. Individuals who are moving and don’t want their artwork or other collectibles to get damaged will use a specialty storage facility.

Broker-Agent 52

Broker-Agent Inland Marine Broker Damage 52

TGS

NOVEMBER 25, 2024

Here’s how it can help if things don’t go quite as planned: Property Protection: Whether it’s smoke damage in the kitchen or a full-scale rebuild after a larger fire, insurance can cover repair and replacement costs. Here’s the thing: no one expects a fire to happen in their home, but it’s better to be prepared than caught off guard.

Protection 52

Protection Home Insurance Policy Insurance Agency 52

Triple-I: Workers Compensation

MARCH 21, 2023

The lines of coverage written typically are those with more predictable losses, such as workers compensation, general liability, and automobile liability and physical damage.” “Each owner makes a modest initial capital contribution,” states the paper, Group Captives: An Opportunity to Lower Cost of Risk.

Workers Compensation 40

Workers Compensation Premium Liability General Liability 40

TGS

NOVEMBER 12, 2024

Water Leak Detectors and Smart Water Shut-Off Valves Water damage is one of the most common (and costly) home insurance claims, whether from burst pipes, leaky appliances, or severe weather. A smart water leak detector can sense leaks early and alert you before significant damage occurs.

Home Insurance 52

Home Insurance Premium Insurer Insured 52

TGS

OCTOBER 3, 2023

Quotes that are ready quickly are usually based on a small subset of information, then the initial baseline quote is refined during the underwriting process. If you suffer from losses or damages beyond those limits, you will be responsible for paying the rest out of pocket. At TGS Insurance, your free home insurance quote is instant!

Insurance Quotes 52

Insurance Quotes Deductible Home Insurance Out-Of-Pocket 52

Jackson & Jackson

AUGUST 16, 2024

Homeowners insurance is a crucial financial safety net for homeowners, providing protection in the event of property damage, loss of personal belongings, or liability for injuries that occur on the premises. These events can cause extensive damage to homes and properties, leading insurers to be more cautious in providing coverage.

Insurer 52

Insurer Insured Insurance Risk 52

Jackson & Jackson

MAY 22, 2024

It covers property damage, loss of income, liability claims, etc. For instance, a policy might cover repairing or replacing a roof damaged by a storm or the value of stolen office equipment. Additionally, promptly reporting any loss or damage to the insurer is vital, as delays may affect the outcome of the claim.

Property Insurance 52

Property Insurance Commercial Property Commercial Insurer 52

Property Insurance Centre

NOVEMBER 11, 2024

In other cases, it will be due to underwriting appetite of insurers and their ever changing attitudes to risk. Insurers, do not however, look on negatively when a customer claims for substantial damage when they need genuine help. Maintain your property regularly – A well maintained property will lead to less claims.

Insurer 52

Insurer Insured Insurance Premium 52

Property Insurance Centre

AUGUST 8, 2024

The premium requested will depend on numerous underwriting factors, such as how long you think it will be empty for & the postcode. Essentially, the cover you lost will re re-applied to your office buildings policy – such as theft or malicious damage for example will no longer be excluded.

Insurer 52

Insurer Insured Insurance Premium 52

Distinguished

NOVEMBER 7, 2024

In the event of a default, the principal must indemnify the surety for any costs or damages paid out to resolve the breach. The surety’s role is complex, as it must diligently assess the risks associated with underwriting bonds. The principal’s primary responsibility is to fulfill the contractual obligations to the obligee.

Claim 52

Claim Compensation Risk Broker-Agent 52

Freeway Insurance

OCTOBER 26, 2023

Rates are set after underwriters calculate the odds that any customer will cost them more than they receive in premiums. Good car insurance should cover accidents, weather damage, theft and medical bills. There are several factors that come together to make premiums more expensive for big-city and suburban drivers.

Crime 52

Crime Auto Insurance Insurer Insured 52

Protect Commercial Insurance

DECEMBER 6, 2024

With more frequent natural disasters like floods and wildfires, companies are increasingly vulnerable to physical damages and operational disruptions. – Predictive Maintenance : For commercial property insurance, IoT sensors can detect issues before they cause damage, such as identifying a water leak or a temperature anomaly.

Commercial Insurance 52

Commercial Insurance Commercial Insurer Insured 52

Majesco

APRIL 11, 2024

There is inflation and its pressure on claims costs, whether it’s medical or it is physical damage to homes and businesses. If we don’t get down to addressing the loss ratio — underwriting, pricing, risk selection, and claims management — for many carriers, even if they cut costs by 100%, they’re still not going to be profitable.

Commercial Property 40

Commercial Property Risk Claim Deductible 40

Risk Management Monitor

AUGUST 9, 2022

Last week, a severe thunderstorm unleashed massive hailstones in Alberta, Canada, damaging dozens of cars and unleashing potentially record-breaking hailstones the size of grapefruits. In 2018, the 5 th Circuit Court of Appeals took things a step further in Certain Underwriters at Lloyd’s of London v. Lowen Valley View, L.L.C.

Damage 78

Damage Claim Commercial Property Deductible 78

Triple-I: Workers Compensation

APRIL 20, 2021

The CLAIM Act would let these businesses obtain insurance to cover the same risks of theft, damage, injury, loss, and liability as all other businesses. Easier to operate Passage of these laws would make it easier for cannabis-related businesses to operate.

Risk 40

Risk Workers Compensation Commercial General Liability Liability 40