Can a BOP Have Business Income Coverage Without Building Property Coverage?
A commercial lines prospect has a limit on business income and business personal property (BPP), but not on the building.
Technical Knowledge
Builders Risk Insurance: 5 Coverage Gaps and Policy Misconceptions
While replacement valuation gaps are a prominent concern for builders risk clients, several other gaps and misconceptions can leave clients vulnerable to significant financial burdens.
Top 5 Most-Read Articles in Independent Agent in October
New reports revealed widening gaps in insurance coverage and an expanding role for agents. Plus, Agency Nation Radio spoke with GEICO on its move into the independent agency channel.
How Economic and Climate Uncertainty Impacts the Builders Risk Market
While the builders risk insurance sector continues to remain profitable, economic and environmental uncertainties within the construction industry are forcing builders and insurers to rethink their strategies.
Is Flooding From a Broken Water Line Considered Surface Water?
A commercial insured’s showroom was flooded after a demolition contractor broke a water line while demolishing an adjacent building.
Fix Our Forests Act Edges Closer to Law
The “Fix Our Forests Act of 2025,” which will improve forest management, reduce wildfire risk and protect critical infrastructure, was passed out of a U.S. Senate committee.
Do Homeowners Policies Exclude Theft of Personal Property During Renovations?
A homeowners client is building an addition on their secondary home, which is still occupied and furnished. The carrier says there is no coverage for theft of personal property.
Risk Mitigation Technologies Are Becoming Essential in the Homeowners Market
Insurance agents who embrace risk mitigation technologies can strengthen underwriting, deliver value to customers and differentiate their service.
Exterior French Drain Backup: Drain Coverage or Surface Water Exclusion?
Heavy rain overwhelmed a French drain outside of a commercial insured’s building, which caused water to back up into the building. The carrier denied the claim because the drain was exterior.
How Catastrophes Are Changing Property Coverage
From hurricanes in the Southeast, wildfires in the West and severe convective storms in between, catastrophes are a defining feature of the current insurance landscape and are changing property insurance.
