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Court Says Loose Bolt Remedied by Tightening Does not Constitute “Direct Physical Loss of or Damage” to Property

The Property Insurance Law Observer

American Guarantee and Liability Insurance Company , the United States District Court for the District of Massachusetts held that a loose bolt or fitting that could be remedied simply by tightening it did not constitute “direct physical loss of or damage” to equipment covered under an all-risk property insurance policy. [1]

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How Partnering With a Cyber Insurance Broker Protects Your Clients

ProWriters

As an insurance broker, you likely recognize that while these technologies drive business operations, they also increase vulnerability to cyber crime, making Cyber Insurance a necessity for your clients. Helping your clients understand cyber risks and Cyber Insurance policy jargon can be challenging.

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CyberRisk

Insurance Agency of Ohio

Knowing who is ultimately responsible for these breaches can create enormous headaches and leave business owners uncertain of whether they have a liability, and whether that will be covered by insurance.

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Keeping Coverage Affordable: California Drivers Will See Auto Insurance Rate Increases in 2025

Freeway Insurance

Many insurance professionals recommend taking steps now to handle a possible increase when you renew your insurance policy. What’s Causing the 2025 Insurance Boost in California? One of the primary reasons for the 2025 California car insurance increase is legislative.

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How to become an insurance agent? Ultimate guide

Friendly Agent

You may find various types of personal insurance and commercial insurance policies. There are Property and Casualty, Life/health insurance, and more. Then, you will have to submit your licensing application and go through a background check before you qualify as a licensed insurance agent.

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Maximise Your Business Growth: 4 Essential Tips to Secure Your Commercial Tailors Insurance

Protect Commercial Insurance

Property insurance can protect these assets from damage or loss due to fire, theft, or other covered perils. General Liability Insurance General liability insurance is essential for any business, including tailors. Product Liability Insurance As a tailor, you create and sell products to your customers.

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Key Strategies for Protecting Your Collection

Distinguished

What you should share with the insurance company to help save on cost without compromising coverage. Notify your insurer and broker as soon as possible, detailing how, when, and where the loss occurred and what property may be damaged. Paint a picture – it’s more than just what’s on the application.