Remove Financial Loss Remove Insurance Companies Remove Liability
article thumbnail

Contractor Insurance is Essential for Home Improvements

Boyle Agency Insurance

Without proper insurance, you could be held liable for expenses, leading to financial strain and legal complications. Understanding Liability Coverage Contractors should have liability coverage, protecting against property damage or bodily injury occurring during the project.

article thumbnail

Emerging Property Insurance Trends 2024

Property Insurance Centre

. “Insureds need to be aware of the potential risks they face and work closely with their insurers to understand the coverage limitations and take proactive measures to protect their properties.” Labour Costs and Insurance Premiums Labour costs are another significant factor affected by inflation.

Insiders

Sign Up for our Newsletter

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

article thumbnail

How to Read Homeowners Insurance Quotes

TGS

How to Read Your Homeowners Insurance Quote 1. Insurance Company 2. Name of Insured 4. Insured Address 6. Insurance Company The name of the carrier that will be insuring your home can be found at the top of your quote. Policy Number 3. Policy Period 5. Deductibles 8. Coverage: Section I 9.

article thumbnail

Types of landlord insurance

Cover4LetProperty

Institutional investors: These are institutional investors such as pension funds, insurance companies, and private equity firms that invest in the UK property market. This insurance typically goes beyond standard home insurance to address the unique risks and liabilities associated with being a landlord.

article thumbnail

How To Save Money On Your Commercial Insurance

Protect Commercial Insurance

Understanding Commercial Insurance Commercial insurance is an essential part of safeguarding your business against unforeseen events that could lead to financial loss. It provides protection against a plethora of risks, including property damage, liability claims, theft, and even employee injuries.

article thumbnail

The Evolution of Commercial Insurance: Key Trends to Watch in 2025

Protect Commercial Insurance

Consequently, insurers broadened their products to protect against everything from product liability and professional indemnity to an array of workers’ compensations. Enter the digital age, with its rapid pace of change, and commercial insurance once again had to pivot to accommodate new realities.

article thumbnail

Does Homeowners Insurance Cover Collectibles? 

Distinguished

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. 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.