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How Insurance Carriers Use Crime Scores to Assess Risk in the Affordable Housing Industry

Scott Insurance

Many insurance carriers use third-party crime scores to evaluate their exposure to criminal risk when underwriting general liability insurance policies. Crime scores treat all crimes as equal, thereby failing to take into account heightened general liability risk associated with certain types of crime.

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What is Subrogation and How Does it Work?

Bankers Insurance

Subrogation is more than just a fancy insurance term – it’s a right held by your insurance carrier under your policy that allows them to seek reimbursement from the party found responsible for the accident after they’ve paid a claim for a covered cause of loss. WHEN DOES SUBROGATION OCCUR?

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How to become an insurance agent? Ultimate guide

Friendly Agent

Agents who sell insurance policies of the commercial type provide coverage to business owners with their property insurance, general liability insurance, and other kinds of coverage. How to get appointed by an Insurance Carrier? These fields are centered on covering families and individuals.

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Emerging Property Insurance Trends 2024

Property Insurance Centre

Addressing the Discrepancy To address the discrepancy between outdated property valuations and current market conditions, insurance carriers are implementing measures to ensure that property values are assessed accurately. Social inflation and rising claim costs are top concerns for liability insurers.

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E&O vs. EPLI: What Coverage Do Your Clients Need?

ProWriters

Insurance carriers often offer access to risk management tools, training programs, and support lines to help companies prevent and effectively manage employment-related issues. The policy extends coverage for a specified period, typically one year, and can be renewed annually. What does EPLI not cover?

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Builder’s Risk Insurance in Tennessee: A Broker’s Guide 

Distinguished

When a project is under construction or renovation, your clients are likely not covered by their homeowner’s insurance or business insurance. Different Builder’s Risk insurance policies vary from one insurance carrier to another.  This is where Builder’s Risk becomes essential.

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Blog Post: Commercial Property Owners: Plan Ahead and Prepare for Emergencies!

LexisNexis

Commercial Property and Liability Insurance Dive into this practice note for an overview of commercial property insurance and commercial general liability (CGL) insurance. These are two types of insurance significant to commercial real estate purchase and sale transactions and commercial property ownership.