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A commercial generalliability policy with a pollution exclusion does not protect a Virginia homeowners association from lawsuits filed by swimmers alleging they were injured by chemicals discharged into the community pool. That is the argument made by Philadelphia Indemnity …
In this guide, we break down the key coverages every apartment building owner needs, highlight common claims, and show you how to offer tailored solutions that keep your clients protected in an ever-changing market. Generalliability : Covers the costs of fighting litigation plus covered damages that might come from it.
So, how do you determine which commercial insurance products will best protect your business? It helps cover accidents, repairs, and liability claims, ensuring your business isn’t financially burdened by unexpected incidents. Contact us today to ensure your business is fully protected for the road ahead.
As a business owner, it’s crucial to protect your business from potential risks and liabilities. While you may have the basic insurance policies in place, such as property and generalliability insurance, there are several other essential insurance policies that you might be overlooking.
Slip-and-fall incidents: High foot traffic in dining areas and restrooms increases the risk of customer or employee injuries, which can lead to costly liability claims. Key coverages we offer include: Property insurance: Protection for buildings, equipment, and inventory against fire, theft, and natural disasters.
Distinguisheds coverage options, cost factors, and tailored solutions are designed to protect Chicagos property owners. What Distinguished’s Landlord Insurance Programs Cover in Chicago Our City Insurance program provides robust protection, covering: Property insurance: Covers fires, storms, vandalism, and tenant-related damage.
Discover why landlord insurance is vital for property owners in Colorado, the protections Distinguished can offer, and how brokers can help their clients secure the best policies. However, landlords must navigate challenges such as extreme weather events, tenant-related liabilities, and potential evictions.
Read now » Related Content Builders Risk Insurance and Its Use in Construction Projects Discover the unusual characteristics of builders risk insurance and how features of the coverage differentiate it from other commercial policies that can afford some, but not identical, protection to the policyholder.
From data breaches to equipment breakdowns, IT businesses need tailored protection to stay secure and competitive in today’s fast-paced tech landscape. Professional Liability Insurance (Errors & Omissions Insurance) For IT consultants, developers, or tech startups, mistakes can happen.
Here in Plano, TX, Paragon Independent Insurance Agency aims to simplify this process by breaking down essential terms you need to know to protect your business effectively. Understanding GeneralLiability Insurance Generalliability insurance is a must-have for any business.
Generally, the only exception to this exclusion is if the mold results from another cause of loss (i.e., Environmental / Pollution Environmental/pollution policies are available in the market and can contemplate both the first party (property) and third party (generalliability – bodily injury/property damage) mold exposure.
This practice note discusses project delays due to defects or deficiencies, poor coordination or communication with the owner or other members of the design/construction team, or the discovery of defects during or after the project, as well as claims involving construction accidents or personal injuries that occur within the construction area.
This practice note discusses project delays due to defects or deficiencies, poor coordination or communication with the owner or other members of the design/construction team, or the discovery of defects during or after the project, as well as claims involving construction accidents or personal injuries that occur within the construction area.
While these policies are essential in today’s digital landscape, knowing what they do not cover is vital for complete protection. The Gaps in Cyber Insurance: Cyber Liability Insurance and Data Breach Coverage are designed to protect against various cyber threats, but they have limitations.
As a tailor, it is crucial to protect your business from potential risks and liabilities. Property insurance can protect these assets from damage or loss due to fire, theft, or other covered perils. GeneralLiability Insurance Generalliability insurance is essential for any business, including tailors.
Organizations need to ensure that they have advanced threat identification and data protection efforts in place to ensure that they don’t fall victim to AI-powered attacks. But beyond just the employee benefits, the workers’ compensation and generalliability markets are also feeling the pinch of increased medical costs.
Think about the everyday operations of your business: – Are there physical locations that require protection from natural disasters or theft? – Is there a high level of professional liability in your operations? How much coverage do you need to fully protect your assets? – Do you handle sensitive customer data?
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. E&O Insurance protects against claims of negligence or inadequate work. What does EPLI not cover?
We’ll outline the projects we cover and risks we address, equipping you to protect your clients’ investments in Alabama’s expanding construction market. Our program also offers your clients generalliability insurance, which can help cover legal costs that can occur on work sites.
However, it will not be covered for liability claims under a Builder’s Risk policy since that policy is not designed to cover the contractor’s operations, such as poor workmanship or negligence. Instead, a contractor’s operations liability should be covered by a separate Contractor’s GeneralLiability policy.
What Risks Does Distinguished’s Builder’s Risk Insurance Protect Against? Distinguished offers protection against: Acts of God : Such as weather events that are beyond human control. Premises liability claims : Legal expenses and liability coverage related to any injuries, including trips and falls, that occur on the site.
It provides protection against a plethora of risks, including property damage, liability claims, theft, and even employee injuries. – Liability Insurance: Covers your business in case of lawsuits due to injuries or damages caused as a result of business operations.
One key focus is Illinois’ Biometric Information Privacy Act (“BIPA”), but as lawmakers in other states continue to introduce legislation aimed at regulating the use of biometric data, more court decisions may muddy the waters regarding what conduct may be covered under a generalliability policy.
By understanding these emerging trends, you can better navigate the property insurance landscape and make informed decisions to protect your assets. Increased claims, larger losses, decreased profitability, and reduced capital have prompted reinsurers to implement measures to mitigate risks and protect their bottom line.
This isn’t the first time the act – which would protect banks from federal penalties for doing business with cannabis-related businesses that comply with state laws – has made it through the House. It was first introduced in March 2019, and the House has approved it three times, only to have the Senate Banking Committee block its progress.
Here is a list of the coverages that many hotels need: Generalliability : A basic GL policy helps cover claims associated with everyday business activities such as guests falling on premises, damage to guest property, restaurant operations, and accidents related to recreational activities. Even industry giants arent immune.
This survey covers state law on the issue of faulty workmanship as an occurrence for purposes of coverage determination under a commercial generalliability (CGL) policy. Generally, an insured's work product is not covered, but defective workmanship that causes property damage is covered.
Contingent bodily injury cyber attacks can cause physical harm, directly or indirectly. One key step is making sure clients have adequate coverage options for bodily injury in their Cyber Liability Insurance policies. Cyber Liability for Bodily Injury: Some Examples How might a cyber incident end up causing bodily harm?
Worker Using an Angle Grinder by Anamul Rezwan Business owners have multiple types of insurance to protect them from a variety of financial and legal risks. They should also protect their employees with workers’ comp insurance. Here’s what you need to know about this type of insurance coverage. What Is Workers’ Comp?
As a business owner, it is crucial to protect your empire from various risks and threats that can potentially disrupt your operations and financial stability. In this article, we will explore different types of insurance coverage that can help safeguard your business from property damage, liability claims, cyber threats, and more.
However, there are circumstances that toll the statute of limitations and steps that homeowners and builders can take to protect their interests. Understand less common situations involving construction accidents or personal injuries that occur within the construction area.
Basic coverage usually includes reimbursement for trip cancellation, interruption and delay because of illness, bad weather, baggage loss or delay, medical insurance and medical evacuation (in case of illness or injury during travel) and a 24-hour assistance telephone line. Additionally, the U.S.
seeking to avoid coverage under commercial generalliability policies for a derivative lawsuit against Blue Bell’s directors and officers arising out of a 2015 Listeria outbreak that resulted in a nationwide recall of ice cream products. We will continue to monitor the case for further developments. Total Recalls: 21.
Specifically, the ATVs exceed mandatory maximum speed limits for youth ATVs, posing a risk of a high-speed crash that could lead to serious injury or death. Hoehn-Sarie currently serves as the Chief Counsel for Communications and Consumer Protection for the U.S. These products do not meet the CPSC’s mandatory safety standards.
Flying umbrellas due to wind gusts have killed people and caused many serious injuries. What Type of Injuries Do Flying Umbrellas Cause? Who Is Liable for Injuries? For example, a guest at a resort suffered eye injuries when a gust of wind blew an umbrella out of its table and sent it flying towards him.
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