Property Insurance Centre

OCTOBER 18, 2024

Flooding, storm damage, and subsidence were major contributors to these claims, with homeowners and businesses alike suffering significant financial losses​ CityAM AXA UK home page The Growing Cost of Flood Damage Flooding continues to be one of the most significant risks facing UK property owners.

Property Insurance 52

Property Insurance Premium Insurance Insurer 52

Cowbell

AUGUST 6, 2024

The aftermath of a social engineering attack can be devastating and result in financial loss, data breaches, malware infections, identity theft, operational disruption, reputational damage, and more. So, how do you prevent and protect yourself from these attacks?

Financial Loss 52

Financial Loss Cyber Theft Risk 52

ProWriters

OCTOBER 2, 2024

Sure, you’ll need to assess the compromised data and financial losses, but to truly understand the breach and protect against future risks, data breach forensics is essential. When a client experiences a data breach, the first move is obvious—find the entry point and stop the damage. But after the initial response , what’s next?

Cyber 95

Cyber Financial Loss Crime Damage 95

Frankenmuth Insurance

SEPTEMBER 19, 2024

They can cause significant damage to your property, disrupt your operations, and lead to substantial financial losses. Floods , hurricanes , tornados , and wildfires can be bad news for business. Implement these proactive measures now. Get the right coverage.

Risk 83

Risk Workers Compensation Protection Agents 83

Distinguished

OCTOBER 15, 2024

Financial Interest and Named Insureds In a typical Builder’s Risk policy , the named insured is the entity that has a financial interest in the construction project. 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.

Policy 52

Policy Risk Broker-Agent Liability 52

ProWriters

NOVEMBER 13, 2024

The CrowdStrike outage highlights the potential for significant financial losses due to downtime. Understand Coverage Limits Businesses must closely examine their Cyber Insurance policies to understand what is covered in the event of an IT outage caused by third-party vendors.

Cyber 52

Cyber Insurance Insurer Insured 52

ProWriters

SEPTEMBER 1, 2024

Analysts and observers expect cyber security threats will persist and increase, as will the risk of extreme financial losses from cyber attacks. Failing to do so jeopardizes not only the data they handle but also their operations, reputation, and continued viability.

Cyber 98

Cyber Liability Insurance Risk Liability 98

Jackson & Jackson

APRIL 10, 2024

Business Interruption Insurance Unexpected events can disrupt your operations, leading to significant financial loss. This can include everything from a customer slipping on a wet floor to a faulty product causing harm.

Commercial Property 52

Commercial Property Commercial Business Interruption Out-Of-Pocket Expense 52

Distinguished

JULY 22, 2024

In the case of a catastrophic loss, art pieces worth thousands of dollars would only be covered up to that low per-item limit, leaving the collector with significant financial losses. For instance, many homeowners policies will insure collectible items only up to a certain amount per item, which could be as low as $200 each.

Insurance 52

Insurance Insurer Insured Policy 52

Risk Management Monitor

JANUARY 5, 2022

It is not just about the financial loss; there are many reputational issues too. This may seem negligible, but when you consider that every purchase in an organization can include an element of fraud, the scale of the problem becomes clear. Why Procurement Fraud? There are two main reasons: greed and opportunity.

Crime 97

Crime Financial Loss Risk 97

Protect Commercial Insurance

MAY 24, 2024

This policy can help cover the costs of notifying affected individuals, legal fees, public relations efforts, and even potential financial losses resulting from the breach. Cyber liability insurance provides coverage for expenses related to data breaches, cyberattacks, and other cyber incidents.

Insurance Policy 52

Insurance Policy Protection Policy Business Interruption 52

TGS

OCTOBER 3, 2023

You can always ask your insurance agent to clarify what perils, or causes of financial loss , are covered by your policy and fall under the All Perils deductible. Coverage: Section II When someone is injured or suffers damage to their belongings while on your property, you are responsible for paying for their financial losses.

Insurance Quotes 52

Insurance Quotes Deductible Home Insurance Out-Of-Pocket 52

Cover4LetProperty

OCTOBER 1, 2024

While it’s not included in every policy and if often an add-on to legal protection insurance (see above), it’s may be a valuable option if you want to protect yourself from potential financial losses due to tenant non-payment. How much does landlord insurance cost?

Insurance 60

Insurance Insurer Insured Injury 60

Protect Commercial Insurance

SEPTEMBER 6, 2024

Companies of all sizes are increasingly targeted by cybercriminals, and the consequences can be devastating—from financial losses to reputational damage. The Rise of Cyber Insurance As cyber threats become more sophisticated and frequent, the demand for cyber insurance has skyrocketed.

Commercial Insurance 52

Commercial Insurance Commercial Cyber Insurance 52

Neilson Marketing Services

OCTOBER 2, 2024

A single breach could lead to devastating consequences, including financial losses, legal liabilities, damage to your reputation, and the potential loss of client trust. For businesses in the insurance sector, which handles vast amounts of sensitive client data, this threat is especially menacing.

Cyber 105

Cyber Damage Protection Financial Loss 105

ProWriters

MAY 28, 2024

Ransomware attacks, phishing scams, and other types of cyber attacks can result in data breaches and other incidents that cause financial loss, reputational harm, and legal consequences. Contractors in the construction industry are not immune to cyber attacks. Cyber Insurance for contractors is an essential safety net.

Cyber 52

Cyber Business Interruption Insurance Insurer 52

ProWriters

FEBRUARY 19, 2024

million , reflecting the immediate financial losses these incidents can inflict. Recent statistics highlight the severity of cyber attacks in the retail sector. For instance, the industry’s average data breach in 2022 was $3.28

Cyber 52

Cyber Insurance Insurer Insured 52

Distinguished

SEPTEMBER 17, 2024

It’s important to monitor results and get ahead of future threats, and this can help minimize financial losses. It is important our online platform has the right guardrails to ensure proper risk selection, mitigating the acceptance of unsuitable risks that could result in unnecessary losses.

Risk 52

Risk Broker-Agent Deductible Insurance 52

Hunton Andrews Kurth

APRIL 26, 2022

Specifically, SAB 121 asserts that a company is subject to “significant increased risks… including an increased risk of financial loss” when that company controls the cryptographic keys associated with a user’s digital assets.

Liability 52

Liability Risk Financial Loss 52

ProWriters

APRIL 3, 2024

Coverage of claims made by third parties who suffer financial losses due to the insured’s actions. In carrying E&O Insurance, professionals demonstrate they’re willing to take financial responsibility for any errors or omissions that may occur. Coverage of settlements or judgments awarded against the insured.

Liability 52

Liability Cyber Property Damage Claim 52

Protect Commercial Insurance

NOVEMBER 8, 2024

By understanding your policy needs, shopping around, and exploring available discounts, you can effectively manage insurance premiums and keep your business financially secure. It provides protection against a plethora of risks, including property damage, liability claims, theft, and even employee injuries.

Commercial Insurance 52

Commercial Insurance Commercial Premium Deductible 52

Protect Commercial Insurance

SEPTEMBER 20, 2024

Suppose a client claims that your advice was negligent, your designs faulty, or your services inadequate, leading them to suffer a financial loss. Professional Indemnity Insurance Professional Indemnity Insurance is especially important for those who offer advice, designs, or professional services as part of their business.

Liability Insurance 52

Liability Insurance Liability Property Damage Insurance 52

Protect Commercial Insurance

OCTOBER 11, 2024

Flood damage has been one of the most financially draining disasters for commercial property owners. An inundated building can face structural damage, equipment loss, and significant downtime, leading to substantial financial loss. Consequently, insurers have adapted by revising their coverage for flood-prone regions.

Commercial Property 52

Commercial Property Commercial Insurance Policy Policy 52

Protect Commercial Insurance

MAY 30, 2024

Key Person Insurance Key person insurance, also known as key employee insurance or key man insurance, is a type of life insurance that protects your business from financial losses resulting from the death or disability of a key employee.

Cyber 52

Cyber Business Insurance Business Interruption Professional Liability Insurance 52

Protect Commercial Insurance

NOVEMBER 1, 2024

Its primary purpose is to protect landlords from financial loss stemming from tenant-related incidents, property damage, and other rental-specific risks. Unlike standard home insurance, which is tailored for owner-occupied homes, landlord insurance is crafted to address risks associated with renting out your property.

Home Insurance 52

Home Insurance Out-Of-Pocket Insurance Insurer 52

TGS

OCTOBER 17, 2023

Discuss Your Policy Without Hurting Your Insurance Score Did you know that it counts against your insurance score to report a financial loss, even if you decide not to file an insurance claim? If you call a captive agent to ask about whether or not a recent loss would be covered under your policy, that counts as a reported loss!

Insurance Agent 52

Insurance Agent Insurance Agents Agents Insurance 52

Protect Commercial Insurance

JUNE 27, 2024

Debunking the Myths Myth 1: Importance of Commercial Insurance for Small Businesses Despite their scale, small businesses often operate at higher risks of personal and financial losses. Commercial insurance offers particularly critical protections here.

Commercial Insurance 52

Commercial Insurance Commercial Cyber Business Interruption 52

Property Insurance Centre

JANUARY 30, 2024

This insurance ensures that in the event of unforeseen damages or disasters, the property owners are protected against financial loss and can reconstruct the building to its original state. It safeguards the structural elements, including the walls, flooring, and enduring fixtures and fittings such as fitted kitchens and bathrooms.

Insurance 52

Insurance Insurer Insured Building 52

Property Insurance Centre

JANUARY 4, 2024

This ensures that insured properties are adequately valued and properly insured, reducing the risk of financial loss in the event of a claim. This is a significant concern as it leaves property owners vulnerable to potential financial losses in the event of a claim.

Property Insurance 52

Property Insurance Commercial Property Liability Premium 52

Cover4LetProperty

APRIL 16, 2024

Portfolio insurance is essential for landlords or property investors who want to safeguard their investment portfolio against unexpected events that could potentially result in financial loss or legal liabilities.

Insurance 52

Insurance Insurer Insured Property Insurance 52

American Agents Alliance

SEPTEMBER 11, 2024

These bonds protect the subcontractors and suppliers from financial losses in case the contractor fails to pay them, either due to bankruptcy or other reasons.

License 52

License Commercial Broker-Agent Claim 52

Jackson & Jackson

MARCH 18, 2024

An insurance policy covering your luxury handbags ensures you are protected from financial loss in unforeseen circumstances. The risks surrounding your precious bags are real, from theft to damage due to natural disasters.

Insurance 52

Insurance Insurer Insured Insurance Policy 52

Jackson & Jackson

MAY 22, 2024

It covers property damage, loss of income, liability claims, etc. With the right insurance coverage, investors can mitigate financial losses resulting from unforeseen events such as fires, storms, theft, or vandalism.

Property Insurance 52

Property Insurance Commercial Property Commercial Broker-Agent 52

Property Insurance Centre

MARCH 19, 2024

Insurance guides outline the various advantages of insurance coverage, emphasising how it protects against financial loss, provides peace of mind, and supports the recovery process after an incident. These consumer education programs ensure that individuals have the necessary knowledge and tools to safeguard their property effectively.

Property Insurance 52

Property Insurance Policyholder Insurance Insurer 52

Freeway Insurance

JANUARY 4, 2024

In exchange for that bigger premium, your insurance company agrees to cover a greater percentage of your financial loss after an accident or major illness. Cons of Low Deductible Health Insurance Plans with low deductibles are more expensive in monthly bills. However, that monthly premium can be tough to keep paying.

Deductible 52

Deductible Out-Of-Pocket Insurance Insurer 52

ProWriters

JANUARY 9, 2024

More recently, courts have agreed the risk of future harm, such as identity theft or potential financial loss, constitutes standing to bring a lawsuit for a data breach. Plaintiffs had to demonstrate they suffered actual injury as a result of the breach. In September 2022, for example, the 3rd U.S.

Cyber 52

Cyber Injury Theft Damage 52

Hunton Andrews Kurth

FEBRUARY 7, 2022

Under the agreements, the Gree companies will pay a total of $91.2 million , which includes a $39 million forfeiture of “assets associated with their violation” of the reporting requirement and a $52.2 million monetary penalty.

Injury 52

Injury Protection Financial Loss Risk 52