How Commercial Property Insurance protects your business | Chris Johnson, CPIA, CRIS posted on the topic | LinkedIn (2024)

“A single commercial property insurance claim can increase premiums by 20%.” That is not all. With the risk of increased premiums, multiple deductibles, and hidden gaps, insurance may not provide the safety net you expect. Check out our blog to learn more about the unexpected pitfalls of commercial property insurance > https://bit.ly/3nrEQzJ#InsurancePremium #PropertyInsurance #CommercialPropertyInsurance

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Although starting a new business is always risky, having the appropriate insurance in place may help you guard against a possible financial catastrophe. It might be difficult to determine which of the several available commercial insurance policies you need. It's crucial to get the best commercial insurance coverage for your business to protect it from a variety of hazards.#BusinessConsultancy #BusinessPlan

An Insured's Post-Loss Duty to Cooperate in Property Insurance Policies.Most property insurance policies, such as homeowners, dwelling fires, or commercial property policies, contain many duties and obligations called “conditions” that an insured must first comply with before he or she may 1) recover under the policy; or 2) sue an insurer for a breach of the insurance policy.To learn about these conditions, an insured must first read his or her entire policy, not only the declaration page. Generally, policies may have varying conditions regarding the insured’s duties after a loss, but most contain some universal post-loss duties that primarily intend to benefit both the insurer, who needs information from the insured to protect its own interest; and the insured, who needs a claim to be handled expeditiously and appropriately. In examining the insured’s post-loss duty to cooperate, there is a focus on allowing the insurer to timely investigate the loss, and on protecting further damage to the insured property.Read more: https://lnkd.in/gjq-W45N#attorneyrabihhamawi #lawofficeofrabihhamawi #michiganinsuranceattorney #policyeducation #fireinsurancelawyer #postlosscooperation #michiganhomeowner #propertyinsuranceattorney #insuredrights #propertydamageinsurancelawyer #insuredresponsibilities #michiganinsurancepolicies #insuredobligations #commericalpropertyclaim #commercialpropertyinsuranceclaim #lossmitigation

An Insured's Post-Loss Duty to Cooperate in Property Insurance Policies.Most property insurance policies, such as homeowners, dwelling fires, or commercial property policies, contain many duties and obligations called “conditions” that an insured must first comply with before he or she may 1) recover under the policy; or 2) sue an insurer for a breach of the insurance policy.To learn about these conditions, an insured must first read his or her entire policy, not only the declaration page. Generally, policies may have varying conditions regarding the insured’s duties after a loss, but most contain some universal post-loss duties that primarily intend to benefit both the insurer, who needs information from the insured to protect its own interest; and the insured, who needs a claim to be handled expeditiously and appropriately.In examining the insured’s post-loss duty to cooperate, there is a focus on allowing the insurer to timely investigate the loss, and on protecting further damage to the insured property.Read more: https://lnkd.in/gjq-W45N#attorneyrabihhamawi #michiganinsuranceattorney #michiganinsurancelawyer #fireinsurancelawyer #michiganattorney #michiganhomeowner #propertyinsuranceattorney #propertydamageinsurancelawyer #insurancelawyer #michiganinsurancepolicies

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Most insureds are not aware of the restrictions in their commercial property insurance when a building is unoccupied or vacant. Learn more by reading this short blog. https://lnkd.in/gkJXg97m

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Property insurance can protect you from large out-of-pocket expenses. When your property suffers major damage, theft, or an incident of liability, having the right coverage can protect you from having to incur large unexpected expenses all at once. Learn more at

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🏠🔒 Planning to leave your property unoccupied for a while? Don't overlook the importance of Unoccupied Property Insurance! It covers risks like property refurbishment, damage from natural elements, and even legal expenses. Protect your property with us today.🖱 https://lnkd.in/eNMd6Ngx

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Did you know that we offer short term insurance? When it comes to ensuring your property is protected, property insurance can provide a much-needed peace of mind. This type of insurance covers a range of perils, including fire and weather damage, as well as theft. However, it's essential to remember that the cheapest premium might not always equal the best coverage. It's crucial to review the details of the policy and ensure that there are no exclusions and that all perils are covered.A low excess structure is also vital to ensure that you're not left with a significant financial burden in the event of a claim. Having extensions on the policy can provide additional coverage tailored to your needs. If you're in search of quality property insurance, we can assist you with reviewing your policy and finding the best coverage that meets your unique requirements. Contact us at The White House on 0137500786 to learn more. #twhsa #thewhitehouse #insurance #propertymanagement #whiteriver #propertywhiteriver #shortterminsurance #financialplannerwhiteriver

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In today's ever-changing insurance industry, it's important to stay up-to-date on the latest trends. According to a new report from Insurance Business, property and casualty insurance is growing in popularity as more people look to protect their assets. With the rise of the sharing economy and an increasing number of natural disasters, it's essential to have adequate property and casualty coverage. According to a survey conducted by the Insurance Information Institute (III), the majority of Americans now have some form of property and casualty insurance. It's clear that property and casualty insurance is an important part of protecting your assets. Make sure you review your coverage and adjust it to your changing needs. #insurance #propertyandcasualty #protection #safety #naturaldisasters #sharingeconomy #III #InsuranceBusiness

This is a really important article for everyone in Florida, not just my insurance students and clients. Helps explain what is going on with the property insurance market here and that really impacts everyone. #notyouraverageinsuranceagency #NAIFAproud #naifatampabay #examfx

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