The Property Insurance Law Observer

JULY 29, 2024

The policyholder’s contract provided: Limit of liability A. Our limit of liability for loss will be the lesser of the: 1. If we return stolen property we will pay for any damage resulting from the theft. The citation is Taylor v. LEXIS 18240 (5th Cir. July 24, 2024). We may, at our expense, return any stolen property to: 1.

Policyholder 130

Policyholder Damage Deductible Liability 130

Distinguished

MARCH 20, 2025

Unlike single-family homes, apartment complexes face heightened risks damage from one unit can quickly spread to others, liability claims can stem from common areas, and evolving building codes can demand costly upgrades. General liability : Covers the costs of fighting litigation plus covered damages that might come from it.

Building 52

Building Protection Damage Liability 52

Paragon Independent Insurance Agencies

FEBRUARY 14, 2025

You’ll pay for premiums covering liability, collision, comprehensive, and all the other major categories you would find in a standard auto insurance policy. Theft deterrent devices are another route to lower premiums. Many insurers offer coverage to owners of high-end vehicles as well as those who own less expensive cars.

Auto Insurance 40

Auto Insurance Insurance Agency Premium Liability 40

Freeway Insurance

JANUARY 3, 2025

In 2025, California implemented significant changes to auto insurance minimum liability limits due to Senate Bill 1107. The current average cost of an annual car insurance quote in California for minimum required liability is $670 for minimum required liability*. This is expected to rise to more than $1,000 starting in January.

Auto Insurance 98

Auto Insurance Premium Liability Insurance 98

Protect Commercial Insurance

APRIL 11, 2025

This type of policy covers a wide array of potential hazards, including fire, theft, vandalism, and certain natural disasters. – Environmental Liability Coverage : Particularly useful for businesses dealing with hazardous materials, covering clean-up costs from damage caused by pollution.

Commercial Property 52

Commercial Property Property Insurance Commercial Insurance 52

Jackson & Jackson

NOVEMBER 16, 2024

Professional Liability Insurance (Errors & Omissions Insurance) For IT consultants, developers, or tech startups, mistakes can happen. Professional Liability Insurance protects your business against claims of negligence, errors, or omissions that result in financial losses for your clients.

Insurance Policy 52

Insurance Policy Policy General Liability Workers Compensation Insurance 52

Distinguished

FEBRUARY 10, 2025

Whats Covered The policy covers a wide range of risks for direct physical damage, including fire and theft, under an all-risk policy structure with broad coverage. Property and Liability products are distributed through a national network of agents and brokers.

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Broker-Agent Insurance Insured Insurer 52

Mark Jackson Insurance Agency

NOVEMBER 22, 2024

While your business may only operate for part of the year, risks like property damage, liability claims, or equipment theft don’t follow a calendar. If you rely on expensive equipment, such as snowplows, food trucks, or heavy machinery, comprehensive coverage that protects against damage and theft is crucial year-round.

Business Interruption 52

Business Interruption Theft Liability Insurance 52

ProWriters

APRIL 2, 2025

They could use this data themselves in further cyber attacks, including identity theft and phishing campaigns. Yet it only underscores the ongoing need for your business clients to carry Cyber Liability Insurance. Hackers can also steal personal information: Social Security numbers, contact details, and more.

Cyber 53

Cyber Financial Loss Broker Theft 53

Mark Jackson Insurance Agency

MAY 21, 2024

The Crucial Role of Liability Coverage One of the main concerns for any business, including those based at home, is liability. Commercial liability insurance protects against claims resulting from injuries or damages to people or property during business operations.

Liability 52

Liability Business Interruption Home Insurance Professional Liability Insurance 52

Protect Commercial Insurance

MAY 24, 2024

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 general liability insurance, there are several other essential insurance policies that you might be overlooking.

Insurance Policy 52

Insurance Policy Protection Policy Business Interruption 52

Boyle Agency Insurance

JULY 19, 2024

Property Casualty Insurance is insurance that combines protection for property owned by you, such as a house, or personal possessions, and liability insurance for if you ever cause an accident that injures another person or damages another person’s property. What Is Property Casualty Insurance?

Casualty Insurance 52

Casualty Insurance Insurance Insurer Insured 52

Paragon Independent Insurance Agencies

SEPTEMBER 16, 2024

Liability Insurance Liability coverage protects you against legal costs that could disrupt your business. Protection against damage and theft shields you from financial losses that could affect your business sales. Implementing strategic insurance methods can help safeguard your business.

Commercial Insurance 40

Commercial Insurance Commercial Protection Financial Loss 40

Protect Commercial Insurance

NOVEMBER 1, 2024

– Liability Insurance : Protects landlords from legal and medical expenses if a tenant or visitor is injured on the property and holds the landlord accountable. Definition and Purpose Standard home insurance is designed for individuals who live in their property, covering both the home and possessions inside it from damage and theft.

Home Insurance 52

Home Insurance Out-Of-Pocket Insurance Insured 52

Paragon Independent Insurance Agencies

MAY 27, 2024

Commercial insurance is vital for protecting business property, assets, and operations from various risks and liabilities around Plano, TX. These events may include property damage, liability claims from work-related injuries, break-ins, or business interruption. It is critical to understand how to determine what is covered.

Commercial Insurance 40

Commercial Insurance Commercial Protection Business Interruption 40

Distinguished

SEPTEMBER 25, 2024

Job sites that are under construction are prone to things like fire, theft, and vandalism. Theft : Covers the cost of replacing covered items that were stolen from the job site. Equipment : Covers damages to or theft of equipment used on the job site. An increase in construction also means an increase in financial risk.

Risk 52

Risk Broker-Agent Insurance Insured 52

Insurance Journal

DECEMBER 17, 2024

CHARLESTON, W.Va. (AP) AP) A former maintenance director of a southern West Virginia county school system was charged in a scheme to steal about $3.4 million from a local board of education. Michael David Barker appeared in court Wednesday after …

Theft 246

Theft Protection Liability 246

Paragon Independent Insurance Agencies

NOVEMBER 15, 2024

Understanding General Liability Insurance General liability insurance is a must-have for any business. Whether you face risks like fire, theft, or weather damage, having property insurance ensures you can recover quickly and continue your operations with minimal disruption.

Business Insurance 40

Business Insurance Business Interruption Professional Liability Insurance General Liability 40

Protect Commercial Insurance

NOVEMBER 22, 2024

Without insurance, your business could face catastrophic financial loss from property damage, theft, or a lawsuit. Some protect against property damage, while others focus more on liability issues. A tech startup, for instance, might prioritise cybersecurity insurance, whereas a café may need more coverage for property and liability.

Commercial Insurance 52

Commercial Insurance Commercial Cyber Insurance 52

Distinguished

OCTOBER 15, 2024

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 General Liability policy.

Policy 52

Policy Risk Broker-Agent Liability 52

Jackson & Jackson

JANUARY 9, 2024

Cyber Insurance, encompassing Data Breach and Cyber Liability coverage, is no longer optional but a critical component of a comprehensive risk management strategy. Understanding Cyber Insurance: Cyber Insurance protects businesses from the repercussions of online threats.

Cyber 52

Cyber Broker-Agent Liability Insurance 52

Insurance Journal

JULY 23, 2024

JACKSONVILLE, Fla. (AP) AP) — The Jacksonville Jaguars have filed a lawsuit against a former employee who is serving prison time after pleading guilty to stealing $22 million from the NFL team’s virtual credit card program. The lawsuit, filed Thursday in …

Theft 264

Theft Liability Insurance Insurer 264

Insurance Journal

DECEMBER 4, 2024

SAVANNAH, Ga. (AP) AP) — A judge has thrown out a lawsuit by a Georgia gun owner who sought to challenge a Savannah city ordinance that imposes fines and potential jail time for people who leave firearms inside unlocked cars. The …

Theft 263

Theft Auto Insurance Liability Insurance Liability 263

Property Insurance Centre

FEBRUARY 10, 2025

Theft and Vandalism Burglary, robbery, and vandalism are significant threats, especially for retail businesses and warehouses storing valuable goods. Fire and Smoke Damage One of the most significant risks to any business, fire can destroy buildings, equipment, and inventory. Businesses can purchase sewer backup coverage as an add-on.

Commercial Property 52

Commercial Property Property Insurance Commercial Boiler and Machinery 52

Property Insurance Centre

MAY 20, 2024

Employers’ Liability Insurance Employers’ Liability Insurance protects the insured against claims made by an employee who is injured during the course of carrying out their work for the employer. cleaner or gardener). Who is Considered an Employee?

Building 52

Building Liability Insurance Insurer 52

Protect Commercial Insurance

OCTOBER 25, 2024

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? – Property Insurance : Protects physical assets from perils like fire, theft, and vandalism.

Business Insurance 52

Business Insurance Liability Insurance Liability Policy 52

Property Insurance Centre

MARCH 11, 2025

Higher Crime Rates and Security Concerns London experiences more burglary, vandalism, and theft claims compared to rural or suburban areas. Some insurers might impose higher excesses or refuse coverage in high-risk flood zones. Insurers often require extra security measures like CCTV, secure entry systems, and alarm monitoring.

Risk 52

Risk Insurance Insurer Insured 52

Cover4LetProperty

DECEMBER 1, 2023

Covered risks Home insurance: Typically covers the structure of the home, contents, personal possessions, and liability for the homeowner. Liability Home insurance: Provides liability coverage for the homeowner in case someone is injured on the property. fire, flood) and tenants are unable to occupy the premises.

Home Insurance 52

Home Insurance Insurance Insured Insurer 52

Jackson & Jackson

APRIL 10, 2024

It covers the physical structure of your building and its contents against fire, theft, and some natural disasters. Liability Insurance Liability insurance is essential for any commercial property owner. Understanding the Types of Coverage Available Property Insurance This is the most basic form of insurance you’ll need.

Commercial Property 52

Commercial Property Commercial Business Interruption Out-Of-Pocket Expense 52

Protect Commercial Insurance

JULY 26, 2024

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. General Liability Insurance General liability insurance is essential for any business, including tailors.

Commercial 52

Commercial Insurance Broker General Liability Broker 52

Shield Insurance Agency

MAY 29, 2024

Renter’s Insurance Michigan: Protecting Your Rental Home Renters insurance in Michigan is designed to protect your personal belongings and provide liability coverage in the event of unexpected disasters or accidents. With the right insurance plan, you can rest easy knowing that your valuables are covered.

Liability 40

Liability Insurance Agency Insurance Insurer 40

Cover4LetProperty

JANUARY 29, 2024

Risk is assessed with respect to the likelihood of loss or damage leading the insured to make a claim, since the settlement of claims paid out to the insured represent a liability for the insurer. Landlords are essentially running a small business, and the associated risks and responsibilities are reflected in the cost of insurance.

Home Insurance 52

Home Insurance Insurance Insured Insurer 52

Protect Commercial Insurance

NOVEMBER 8, 2024

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.

Commercial Insurance 52

Commercial Insurance Commercial Premium Deductible 52

Distinguished

SEPTEMBER 17, 2024

We can consider weather related claims, but claims of theft, vandalism, and fire, for example, would be an automatic decline. If we are comfortable with our exposure, we may consider increasing the AOP deductible and the theft deductible , depending on the underwriting analysis. And in those cases, it would be a declination.

Risk 52

Risk Broker-Agent Deductible Insurance 52

Mark Jackson Insurance Agency

SEPTEMBER 9, 2024

Insurance provides financial protection against damage, theft, and liability, providing you with assistance in case of a covered loss. Insurance: Your Financial Armor While not a physical piece of gear, having proper motorcycle insurance is essential for every rider. Contact us today to review your coverage.

Protection 52

Protection Injury Damage Theft 52

Jackson & Jackson

APRIL 26, 2024

Key Coverages for California Property Investors Property Damage : Covers damage to your buildings and contents caused by fire, theft, vandalism, and natural disasters. Liability Protection : Protects against claims of property damage or personal injury caused by you or your operations.

Commercial Property 52

Commercial Property Property Insurance Commercial Business Interruption 52

Protect Commercial Insurance

NOVEMBER 15, 2024

– Liability Insurance : Protects businesses against claims of negligence or harm caused by their products or services. This type of insurance covers damage to your property caused by incidents such as fires, theft, vandalism, and certain natural disasters.

Commercial Insurance 52

Commercial Insurance Commercial Protection Business Interruption 52