For starters, most general liability insurance policies have a pollution exclusion built into the coverage form, and often additional exclusionary wording regarding mold and fungi. These exclusions are meant to exclude coverage for bodily injury or property damage arising out of the discharge,..
Property managers fill a variety of roles while overseeing the performance of their residential or commercial properties. Coordinating maintenance issues, finding high quality tenants to fill vacancies, and collecting rents are only a few examples of the responsibilities that fall to the..
At first glance, a commercial property policy seems straightforward. It lists the property covered, what causes of loss are covered, and how much it’s covered for. But did you know that there are many ways a property policy’s coverage can be restricted? If an insured is not fully aware of the..
Apartment owners and property managers have a means to protect their limits of insurance, and it won’t cost them a penny. I am talking, of course, about renters insurance. What many forget about renters insurance though, is the liability coverage that is included.
In the world of business, time is money. Consider the impact your business would face if even one piece of equipment essential to daily operation failed. In many scenarios, your operations would be immediately interrupted. Do you have backup equipment at the ready? Do you have another facility..
You are the owner of a building that is damaged by a small fire. The building is covered by a standard commercial property policy, so you submit the claim to your carrier.
The hospitality industry is often thought of as one of the most attractive targets for a data breach. It doesn’t take much thought to understand why: the sheer volume of credit card and personally identifiable information that runs through restaurants, bars, hotels, etc, is daunting. When you..
With winter weather right around the corner, it is important for property managers to review and update their snow and ice removal procedures. Snow and ice related claims are both frequent and severe. Luckily, there are some pretty simple steps property managers can take to prevent these losses.
Real estate developers can easily be drawn into claims for damage caused by pollutants and can find themselves paying hundreds of thousands of dollars in fines, remediation costs, repairs, and third-party damages. Pollution Liability coverage is usually seen as necessary only for businesses..