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Maximise Your Business Growth: 4 Essential Tips to Secure Your Commercial Tailors Insurance

Protect Commercial Insurance

General Liability Insurance General liability insurance is essential for any business, including tailors. Bundling Policies Consider bundling your commercial tailors insurance with other policies, such as general liability or property insurance, offered by the same insurer.

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Mold: Impacts on the Affordable Housing Industry

Scott Insurance

Generally, the only exception to this exclusion is if the mold results from another cause of loss (i.e., 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.

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What is Subrogation and How Does it Work?

Bankers Insurance

This concept is typically applied in automobile insurance, both personal and business, and is also found in property, general liability, and worker’s compensation insurance. In this scenario, you file a claim using your collision coverage and receive a check from your insurer to cover the repair costs, minus your deductible.

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Travel Insurance for Businesses

Bankers Insurance

In most cases, the deductible requires the insured to pay about 10 percent of any loss. Policies carry about $20 million to $30 million limits, which is generally more than enough to pay a typical ransom. Most insurance companies offer comprehensive policies for international employers in which K&R is only part of the package.

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Contingent Bodily Injury from Cyber Attacks: What You Need to Know

ProWriters

They could all also have financially devastating liability consequences that standard Property and General Liability policies may not cover. However, a strong Cyber Liability Insurance policy could potentially provide coverage.

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E&O vs. EPLI: What Coverage Do Your Clients Need?

ProWriters

Coverage limits, deductibles, and other policy terms can be adjusted to align with the company’s nature and size. EPLI coverage isn’t limited to full-time employees. It can also cover temporary workers, contractors, and even former employees. The policy extends coverage for a specified period, typically one year, and can be renewed annually.

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5 Best Practices for Effective Claims Reviews

Risk Management Monitor

For instance, frequent third-party claims for premises liability may have led to restrictions on Med Pay coverage or a higher deductible to give the customer a bigger stake in safety measures. In the initial design of the insurance program, certain coverages may have been limited due to a problematic claims record.

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