business property insurance Archives

App developer business insurance steps beyond general coverage

January 14, 2020July 6, 2020 G. Turner

App Developer Business Insurance - Computer IT

IT application developers are at risk of several forms of liability and should be properly covered. Whether you are a one person operation or you have grown to employ several teams, app developer business insurance has various vital layers of coverage for your company. Your operations expose you to a number of liabilities that could be financially catastrophic. By purchasing the right app developer business insurance, you make certain that if the unexpected happens, it won’t place your company at risk of ending. As you grow, it is important to…

Global commercial insurance rates dropped in Q2

August 17, 2015August 15, 2015 G. Turner

Property coverage saw the largest drops during that quarter with more moderate decreases in casualty. Customers in the commercial insurance market saw positive news upon the release of a recent August 2015 report from Marsh, called the “Global Insurance Market Quarterly Briefing,” which determined that rates had decreased worldwide in nearly every business line. That report indicated that this was the ninth consecutive quarter in which there were decreases. It also explained that this trend of commercial insurance rate decreases is a reflection of the competition within the market. It…

Insurance claims begin following the Baltimore riots

May 4, 2015May 2, 2015 G. Turner

Residents and businesses faced property damage and looting and are now filing with their insurers. The residents of Baltimore have certainly faced destruction to their properties as a result of the riots, but it is the businesses that will be making the largest insurance claims, and many owners are wondering exactly how much of the various forms of damage will be covered by their insurers. The most obvious claims are being filed with insurance companies for issues such as looting and property damage. However other insurance claims could be filed…

Homeowners insurance funds set aside by TD to overcome struggles

August 2, 2013July 31, 2013 Julie Campbell

The insurer has put $290 million aside in after tax reserves to help to support its unit following the sudden storm events. Toronto Dominion Bank (TD) has announced that it has decided to put aside $292 million in after tax reserves in order to help to support its struggling business and homeowners insurance business. This underscores the trouble that the unit has seen following a growing number issues regarding litigation and claims. The announcement for supporting its business and homeowners insurance arm comes at a time during which the government…

Property insurance rates experience “modest” increase in US

June 13, 2013June 11, 2013 H. Cutner

Property insurance News commercial P&C insurance

A survey has indicated that American commercial policy rates have increased just slightly. The results of a new survey that was conducted by Towers Watson & Co. has revealed that the price of commercial property insurance in the United States rose slightly during the first quarter of 2012. It also indicated that business employment practices liability and workers compensation rose during that time. The rise that was experienced in the commercial property insurance rates from the last quarter of 2012 to the first quarter of 2013 was – according to…

Business insurance tips for small company startups

April 28, 2012May 26, 2012 Nordstrom

Affordable business insurance can provide significant financial protection for startups. When starting a small company, it is important to look into the types of business insurance that will be required to help you to mitigate risk and protect the financial future of your organization, no matter its size. There are certain types that will be very useful for making sure that you will be covered against a number of different potential circumstances, though there are also forms of coverage that you may not require. As you consider the various forms…

American commercial property coverage rates poised for increase

January 26, 2012January 26, 2012 Marc

According to the insurance brokerage at Marsh & McLennan Cos., American businesses are likely to face higher property insurance rates following the significant losses that insurers faced as a result of the decline of investment income and the natural disasters in 2011. Following a survey performed by Marsh Inc., it determined that over half of the clients in the United States have said that the last half of 2011 included an increase in their cost of property insurance. Among the policyholders who were at the greatest risk of losses from…