A prospect bought a warehouse for $1 million. The replacement cost is $25 million but the owner only wants to protect their investment and has said they wouldn’t replace the building in the event of a total loss.
Here are a few simple reminders that will help insurance professionals avoid many of the errors & omissions pitfalls associated with the procurement of builders risk policies.
In a competitive market, agents can gain an edge on the competition and reel in new business by thinking outside the box when it comes to clients and services.
Wouldn’t it be nice to know? This month’s Student of the Industry article takes a look at the data.
Restaurant Guard’s Employment Practices Liability Protection mitigates the unique set of risks that can threaten the health and sustainability of a restaurant.
The last decade in architects & engineers insurance has been highly competitive, but escalating challenges are leading to a hardening of the market in the large account space, which may eventually trickle down.
Independent agent Stefanie Fuller says technology is one big challenge in the architects & engineers insurance industry. “As design firms continue to evolve, it can be difficult to find insurance solutions to address their needs,” Fuller says.
With a $5-million aggregate limit in place, most agencies believe they are unlikely to be overcome by a series of small, unrelated claims in a single policy period. There is some truth to that but some peril, as well.
Cannabidiol (CBD) sales in the U.S. will surpass $20 billion by 2024. The biggest emerging trend in product liability insurance, the CBD market has unique challenges.
Insurers have had their work cut out for them over the past couple of years, especially liability insurers. Recent developments are steering a significant shift to a hard product liability market.
