Remove Financial Loss Remove General Liability Remove Policy
article thumbnail

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

Distinguished

One common question is whether the contractor and the property owner can be named insureds on the same Builder’s Risk policy. The answer lies in both parties’ financial interest in the property and how that impacts the insurance policy’s structure. Property owners may also choose to add Premises Liability coverage to the policy.

Policy 52
article thumbnail

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

ProWriters

As they seek to secure the insurance they need to protect themselves, some companies’ decision-makers may get confused about E&O vs. EPLI policies. Both types of policies involve legal liabilities and are important. Coverage of claims made by third parties who suffer financial losses due to the insured’s actions.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Emerging Property Insurance Trends 2024

Property Insurance Centre

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.

article thumbnail

Protect Your Business: 5 Essential Insurance Policies You Might Be Overlooking

Protect Commercial Insurance

While you may have the basic insurance policies in place, such as property and general liability insurance, there are several other essential insurance policies that you might be overlooking. In this article, we will explore five often overlooked insurance policies that can provide valuable coverage for your business.

article thumbnail

Essential Business Insurance Guide: Safeguarding Your Property From Cyber Threats

Protect Commercial Insurance

There are various types of liability insurance, including general liability, product liability, and professional liability. General liability insurance provides coverage for injuries or property damage that occur on your business premises or as a result of your business operations.

Cyber 52
article thumbnail

Builder’s Risk Insurance Declinations: An Interview With Susan DeCarlo

Distinguished

And regarding coverage, if the named insured is the builder, or there is a relationship between the named insured and the builder, in that capacity we would exclude general liability coverage. Our max policy term is 24 months total, meaning the 24 months includes the initial policy term plus all extensions.

Risk 52