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North Sea Ship Collision Could Cost Insurers Up to $100M, Hitting Marine Line’s Profits

Insurance Journal

The collision of a cargo ship and a fuel tanker off the eastern coast of England in the North Sea is likely to hit multiple marine insurance policies, carrying an estimated combined insured value of between $50 million and $100 …

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Haven Knox-Johnston launches new marine trade insurance policy

Insurance Marine News

Join Us The post Haven Knox-Johnston launches new marine trade insurance policy appeared first on Insurance Marine News. You need to be logged in to view this content. Please Log In. Not a Member?

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Insurance Considerations When Expanding Your Business to a New Location

Mark Jackson Insurance Agency

From property protection to liability coverage, ensuring your business insurance policies align with your expansion is critical. Heres what to consider from an insurance and risk management perspective when opening a new location. Inland Marine Insurance to cover heavy equipment or machinery.

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A Comprehensive Guide to Understanding Commercial Property Insurance

Protect Commercial Insurance

– Inland Marine Insurance : Valuable for businesses frequently moving goods and equipment across locations. By dedicating time to comparison, you can identify an insurer that aligns well with your business needs. – Bundle Policies : Consider bundling your insurance policies with a single provider to secure discounts.

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What is a Managing General Agent (MGA) in Insurance?

Distinguished

This one factor means these two insurance entities have completely different purposes in the broader insurance landscape. Here are just a few of the ways that MGAs and insurance brokers differ: Underwriting and policy issuance : Traditional brokers sell insurance policies but must go through an insurer to get coverage approved.

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Insurance for Apartment Building Owners: Protecting Your Client’s Investments With the Right Coverage

Distinguished

Fortunately, the property owner had Ordinance or Law Coverage A as part of their insurance policy, allowing them to receive the full building limit for the loss. These include $1 million in personal liability, coverage for personal contents, inland marine for scheduled valuables, and additional living expenses.

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Does Homeowners Insurance Cover Collectibles? 

Distinguished

Unfortunately, these unique risks are rarely appropriately covered by standard homeowner insurance policies. Avid collectors who rely on their homeowner’s policy are likely to encounter low coverage limits — if their collectibles are covered at all. For most, this will mean a collectibles policy.

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