Commercial Lines

For insurance agents, carriers and adjusters, understanding specialized insurance products is critical to crafting tailored insurance solutions for clients across the industries. Two lesser known but useful insurance coverages are Engineering Insurance and Deterioration of Stock (DOS) insurance. While these are two distinct coverages, they are often sold together.   Better understanding these coverages allows you to target your potential audience and…

Knowing and understanding the needs of clients requires you to understand the nuances of coverage and how they impact the insured’s business. Today, there is a greater bias toward simpler and safer coverage options. However, the simpler options are not always the best option for the insured. There is no one-size-fits-all solution for insuring commercial…

Questio​​n:   I had a commercial lender with a bank where we do quite a bit of partnership events with reach out to me about the difference between Loss Payee & Lender’s Loss Payable regarding insurance. I tried to do some research on my own about this, but I’m not fully understanding the difference between the…

The Foundation for Community Association Research Factbook reported that 52.9% of U.S. housing was built prior to 1979, leading to aging roofs, failing plumbing, and more. “The habitational market has long been claim-ridden,” O’Connor Corrigan says. “High frequency, high severity—you know, the insurance covers accidents that are typically confined to one home, but now imagine…

The habitational market struggles with a lack of capacity, increasing non-renewals, higher deductibles and restricted underwriting. How can the industry adapt to this hard market? This article covers current habitational risks in the multi-family market and offers tips for agents trying to place coverage.

According to the Environmental Protection Agency (EPA), geothermal energy technology “harnesses the Earth’s heat,” and at least three types of technology that take advantage of that natural resource. These include ground source heat pumps, direct use geothermal and deep geothermal systems. This article provides a brief overview of this technology and some of the property…

Work patterns since COVID-19 sent millions of workers home had a big impact on the commercial real estate market. And although JP Morgan predicts commercial real estate will come “bouncing back” in 2022, it’s a great time to remind your clients of the need to understand their commercial property policies’ vacancy clauses.

Within the wording of the commercial property policy’s replacement cost provision there is a 180 day “limitation.” How does this supposed limitation actually apply and to whom does it apply? For whatever reason, some insurance carriers routinely use this supposed limitation incorrectly.