Remove Financial Loss Remove Policy Remove Protection
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. These strategies mitigate potential disruptions in your business operations.

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
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 Climate Change is Shaping Insurance Policies for Commercial Properties

Protect Commercial Insurance

As we face more frequent and intense extreme weather events, insurers are re-evaluating their policies to better manage these growing risks. These impacts not only affect the day-to-day operations of companies but also play a crucial role in shaping the insurance policies designed to protect these properties.

article thumbnail

Commercial Insurance and Protection of Business Property

Paragon Independent Insurance Agencies

Commercial insurance is vital for protecting business property, assets, and operations from various risks and liabilities around Plano, TX. Commercial Insurance Information Commercial insurance consists of policies to safeguard businesses when financial losses are inevitable.

article thumbnail

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. Protect your structure. Regularly back up critical data and store copies offsite or in the cloud to prevent data loss. Provide personal protective equipment (PPE). Get the right coverage.

Risk 86
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.

Insurer 52
article thumbnail

Landlord’s Insurance for Beginners

Cover4LetProperty

While it shares some similarities with standard home insurance, it includes additional protection tailored to rental properties and tenants. 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.

Insurer 53