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Restaurant Insurance in Charlotte, North Carolina: A Broker’s Guide

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Equipment breakdown: A sudden breakdown of refrigeration units, ovens, or HVAC systems can result in both operational disruptions and financial losses for a restaurant. General liability insurance: Coverage for legal claims related to customer injuries or property damage.

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How a Liability Claim Can Ruin Your Business – And How to Protect Yourself

Property Insurance Centre

How a Liability Claim Can Ruin Your Business And How to Protect Yourself No matter how well you run your business, a single liability claim can have devastating consequences. From financial losses to reputational damage, legal battles, and even the risk of shutting down, the impact can be severe.

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

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General liability : Covers the costs of fighting litigation plus covered damages that might come from it. Ordinance or law coverage : Covers the cost of repairing or rebuilding structures to meet current building codes after a covered loss, even if the existing structure was not up to code.

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Emerging Property Insurance Trends 2024

Property Insurance Centre

Weather conditions and natural disasters contribute to higher property losses. Inflation drives up property valuations , construction costs , and insurance premiums. The frequency and severity of storms have been increasing, leading to higher property losses from tropical storms, wildfires, snowstorms, and flooding.

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How To Save Money On Your Commercial Insurance

Protect Commercial Insurance

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.

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

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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. It’s important to monitor results and get ahead of future threats, and this can help minimize financial losses.

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