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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.

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Commercial Insurance and Protection of Business Property

Paragon Independent Insurance Agencies

Commercial Insurance Information Commercial insurance consists of policies to safeguard businesses when financial losses are inevitable. These events may include property damage, liability claims from work-related injuries, break-ins, or business interruption. It is critical to understand how to determine what is covered.

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Landlord’s Insurance for Beginners

Cover4LetProperty

A standard home insurance policy will not cover you if you’re renting out your property, which makes landlord insurance a vital part of being a responsible property owner. Landlord insurance can be tailored to meet your specific needs, and policies often come with a variety of options. Why do you need landlord insurance?

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Understanding Liability Insurance for UK Tradespeople and Contractors

Protect Commercial Insurance

It covers you against claims of property damage, personal injury, or negligence. This type of insurance is designed to cover you if a member of the public suffers an injury or their property is damaged because of your business activities. Yet, it’s essential to protect your hard-earned business from the unexpected.

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5 Essential Considerations for Insurance When Buying or Investing in Commercial Property

Jackson & Jackson

Make sure to understand the specific perils covered by your policy, as not all natural disasters might be included. It protects you from claims arising from accidents or injuries on your property. Business Interruption Insurance Unexpected events can disrupt your operations, leading to significant financial loss.

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What risks does your business face? Here are 5 you should know.

Frankenmuth Insurance

They can cause significant damage to your property, disrupt your operations, and lead to substantial financial losses. A day’s delay is better than an avoidable accident or injury. Get a workers compensation policy. Contact your local, independent insurance agent for coverage advice and policy services.

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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.