Remove Insurance Industry Remove Liability Insurance Remove Premium
article thumbnail

Viewpoint: Early Action Key to Mitigating Risk in Professional Liability Claims

Insurance Journal

Professional liability claims impact a multitude of professions, including those in the legal, medical, financial and insurance industries. Claims for malpractice, breach of contract, breach of fiduciary duty and related issues can result in widespread premium increases and professional discipline.

Liability 264
article thumbnail

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. The commissions come from a percentage coming from the amount of the yearly premium, as well as the policy it is being offered for.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Emerging Property Insurance Trends 2024

Property Insurance Centre

Emerging Property Insurance Trends 2024 Welcome to our guide on emerging trends in the property insurance industry. As we dive into the evolving landscape of property insurance, it’s important to stay informed about the latest trends and challenges affecting the market.

article thumbnail

Emerging Trends in Commercial Insurance: What to Watch Out for in 2024

Protect Commercial Insurance

Climate change impacts businesses across sectors, necessitating broader coverage for environmental liabilities. Insurers are adapting to these needs by offering policies that not only cover direct damages from environmental incidents but also the indirect impacts, such as supply chain disruptions.

article thumbnail

The Role of Brokers in Securing the Best Commercial Insurance Deals

Protect Commercial Insurance

This impartial approach allows them to access a wide array of policies from various insurers, ensuring that businesses can choose from a broad range of options. Expertise and Industry Knowledge One of the significant advantages of using a broker is their extensive knowledge of the insurance industry.

article thumbnail

How the Climate Crisis is Impacting the UK Property Insurance Market

Property Insurance Centre

The insurance industry has had to adjust premiums to reflect this growing risk. By mid-2024, the average cost of home insurance had risen by 19% compared to 2023, with flood-prone areas facing even steeper increases​ CityAM.

article thumbnail

The Evolution of Commercial Insurance: Key Trends to Watch in 2025

Protect Commercial Insurance

This era gave rise to specialised insurance products, covering factories, railways, and an expanding workforce. By the 20th century, the insurance industry began to reflect broader societal shifts. Theyre poised to offer bespoke policies covering everything from pollution liability to clean-up costs.