Building Ordinance Coverage!

demolished building from damage

Building ordinance coverage is purchased as an endorsement, additional coverage, to provide coverage for three types of common building ordinance or law requirements that apply after an insured has suffered a physical damage loss such as a fire. These ordinance or law damages are normally excluded in standard property coverage forms. The coverage’s available in […]

E & O Are Not Just Vowels in the Insurance World

aerial view of suburban neighborhood

E & O… we are talking about Errors and Omissions insurance for professionals like YOU! E&O is malpractice insurance which provides physicians, attorneys, real estate brokers, mortgage brokers and other professional’s, coverage for claims by clients for alleged professional errors and omissions which may amount to negligence. A very important factor within this coverage is […]

Everything Your Construction Business Needs to Know About Construction Coverage

buildings in construction with lights

Did you know there are a minimum of 3 types of policies in force during a construction project protecting your interest? The property is covered with a “COC” policy, also known as Builder Risk Policy, protecting the property throughout the construction phase. The General Liability (GL) is “picked up” by using the General Contractors policy, […]

The BOP, It Is NOT A Dance!

man in suit in alley way

Do you know, as a commercial property owner, your first line of defense from your commercial tenants is their BOP? (Business Owners Policy) The BOP can provide coverage for: General Liabilities, the business risk of the tenant. 3rd Party Liabilities, slip, trip and falls. Tenant Improvements, what they spend to build out the space. Inventory […]

What is an insurable interest?

insurance interest

A person or entity has an insurable interest in something if loss or damage to it would cause that person a financial loss or an increase in liability exposure.  As a building owner you have an insurable interest in the building(s) you own because in the event of loss or damage to the property you […]

Are there different types of coverage for unlawful eviction suits, or is there a one-size-fits-all policy?

Insurance Eviction

Wrongful or unlawful eviction is an insurable event under most general liability policies. Review your general liability policy, paying particular attention to the exclusions listed in the personal and advertising sections. If not specifically excluded from your policy, then coverage is afforded to the policy’s named insureds and additional insureds. Pretty simple right?  Unfortunately, it […]