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.
3 Ways Agents Can Help Commercial Auto Clients Drive Down Risk
In a market with such high selectivity, it falls on the prospective insured to show why it would be a good risk. Independent insurance agencies can help insureds implement approaches that demonstrate insurability and manage costs.
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.
Slips, Trips and Falls: Mitigating Premises Liability Claims
By instructing clients on four proactive safety procedures, insurance agents have the unique opportunity to help their clients prevent a liability claim from ever occurring and to defend against claims that are made.
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.
Should Overseas Virtual Assistants Be Included in a Workers Comp Policy?
A Missouri-based commercial lines client uses virtual assistants in the Philippines. Does the virtual assistants’ wages need to be added to the company’s workers compensation policy?
Rising Homeowners Coverage Gaps Underscore Agents’ Expanding Role
As homeowners contend with inflation, extreme weather and increasingly complex coverage needs, new reports from Nationwide and The Hanover reveal widening gaps in insurance coverage—and an expanding role for agents helping clients navigate today’s risk environment.
Safety Perception Gap Between Small Business Employers and Employees
While 63% of employers said they provide structured safety training, only 29% of employees report receiving it regularly—and 28% say they have never received formal workplace safety training.
5 Cybersecurity Tips Every Business Can Use
As threat actors continually become more proficient in their ability to access company’s systems, there are steps all businesses can take to improve their security.
