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The latest reports from FBI and ITRC reveal that cyber incidents in 2023 broke records for financial loss and frequency.

Triple-I: Business Insurance

The 2023 Data Breach Report from Identity Theft Resource Center (ITRC) reveals that last year delivered a bumper crop of cybersecurity failures – 3,205 publicly reported data compromises, impacting an estimated 353,027,892 individuals. Investment fraud was the costliest of all incidents tracked. billion in 2022 to $3.94

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Commercial Insurance Strategies To Protect Your Business

Paragon Independent Insurance Agencies

Protection against damage and theft shields you from financial losses that could affect your business sales. For instance, if theft recurs, it might indicate a need to enhance your business security by investing in safety devices such as security cameras and lights.

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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. Property insurance policies cover damage or loss caused by perils such as fire, vandalism, theft, or natural disasters. It is critical to understand how to determine what is covered.

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Can Both the Contractor and Property Owner Be Named Insureds on a Builder’s Risk Policy?

Distinguished

Financial Interest and Named Insureds In a typical Builder’s Risk policy , the named insured is the entity that has a financial interest in the construction project. This could be the contractor, developer, or property owner, depending on who stands to suffer a financial loss if the property is damaged during construction.

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

Jackson & Jackson

It covers the physical structure of your building and its contents against fire, theft, and some natural disasters. Business Interruption Insurance Unexpected events can disrupt your operations, leading to significant financial loss. Liability Insurance Liability insurance is essential for any commercial property owner.

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Does Homeowners Insurance Cover Collectibles? 

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Theft, damage during transport, or accidental breakage can devastate a collection that has taken years to assemble. 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.

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Insuring Your Legacy: The Ultimate Guide to Luxury Handbag Insurance

Jackson & Jackson

The risks surrounding your precious bags are real, from theft to damage due to natural disasters. An insurance policy covering your luxury handbags ensures you are protected from financial loss in unforeseen circumstances. ” While you may take every precaution to keep your luxury handbags safe, accidents can still happen.