Remove Financial Loss Remove Insurance Policy Remove Policy
article thumbnail

Fortune 500’s Insured Losses for CrowdStrike Could Reach $1 Billion: Parametrix

Insurance Journal

The total direct financial loss facing the US Fortune 500 companies, excluding Microsoft, from the CrowdStrike outage on July 19 is $5.4 billion, modeling and insurance services firm Parametrix estimates. The portion of the loss covered under cyber insurance policies

article thumbnail

How Climate Change is Shaping Insurance Policies for Commercial Properties

Protect Commercial Insurance

Introduction Climate change isn’t just an environmental buzzword; it’s rapidly becoming a pivotal factor in the world of insurance, especially for commercial properties. As we face more frequent and intense extreme weather events, insurers are re-evaluating their policies to better manage these growing risks.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Commercial Insurance Strategies To Protect Your Business

Paragon Independent Insurance Agencies

Liability Insurance Liability coverage protects you against legal costs that could disrupt your business. Protection against damage and theft shields you from financial losses that could affect your business sales. In essence, having comprehensive insurance coverage is indispensable.

article thumbnail

Does Homeowners Insurance Cover Collectibles? 

Distinguished

Unfortunately, these unique risks are rarely appropriately covered by standard homeowner insurance policies. Avid collectors who rely on their homeowner’s policy are likely to encounter low coverage limits — if their collectibles are covered at all. For most, this will mean a collectibles policy.

article thumbnail

How the Climate Crisis is Impacting the UK Property Insurance Market

Property Insurance Centre

Get a Quote Insurance under one roof We are specialists in many types of insurance GET YOUR QUOTE GET YOUR QUOTE Storms Cause Huge Insurance Payouts Other storms, including Storms Ciarán and Henk, contributed to insurers paying out £1.4 billion in property claims, marking a historic high.

article thumbnail

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. Liability Insurance Liability insurance is essential for any commercial property owner. Business Interruption Insurance Unexpected events can disrupt your operations, leading to significant financial loss.

article thumbnail

Landlord’s Insurance for Beginners

Cover4LetProperty

Buy to let insurance is a specialised type of insurance that covers the unique risks faced by landlords. While it shares some similarities with standard home insurance, it includes additional protection tailored to rental properties and tenants. Why do you need landlord insurance? What does landlord insurance cover?