Blog Page 19

Cover Image for Liability For Defects In Construction - Who Is Responsible?

Liability For Defects In Construction - Who Is Responsible?

A construction defect occurs when a portion or the entirety of a construction project fails to comply with the agreements laid out in the contract. In essence, liability for defects in construction contracts arises when the project doesn't perform the function it should or look the way the purchaser expected it to.

Austin Landes, CICAustin Landes, CIC
Austin Landes, CIC
7 minute read
Cover Image for Agreed Amount Endorsement - What Is It?

Agreed Amount Endorsement - What Is It?

The agreed amount endorsement form, often known as the agreed value clause, is an endorsement added to a property policy when the insured and the insurer agree on the insurable value of a specific property. The insurance company then waives all coinsurance penalties and agrees to pay up to the full limit should a total loss happen.

Austin Landes, CICAustin Landes, CIC
Austin Landes, CIC
5 minute read
Cover Image for What Is A Business Owners Policy (BOP)?

What Is A Business Owners Policy (BOP)?

Business owners policies are designed to accommodate small and low-risk businesses. These companies typically don't need a custom-built insurance program with specific limits for all coverages. It combines all the core coverages (property, general liability, business income) on a standardized form. A BOP also throws in additional coverages to help you fill common gaps.

Austin Landes, CICAustin Landes, CIC
Austin Landes, CIC
7 minute read
Cover Image for Top 3 Small Business Risks To Be Aware Of

Top 3 Small Business Risks To Be Aware Of

There are many small business risks that you will face, some greater than others. Taking a proactive approach to managing these risks will reduce the severity of an event.

Austin Landes, CICAustin Landes, CIC
Austin Landes, CIC
8 minute read
Cover Image for 3 Defective Product Examples Your Business Can Learn From

3 Defective Product Examples Your Business Can Learn From

If you have a business that designs, manufactures, or constructs products, you are exposed to liability once the product is out on the market. Liability from a defective product can be huge and the financial costs of such a lawsuit could cripple almost any business.

Austin Landes, CICAustin Landes, CIC
Austin Landes, CIC
5 minute read
Cover Image for Religious Institution Insurance - An Overview

Religious Institution Insurance - An Overview

Religious institutions have risks unlike any other private or public institution. They are tasked with not only teaching their students or serving their community, but doing so while advancing their message.

Austin Landes, CICAustin Landes, CIC
Austin Landes, CIC
5 minute read
Cover Image for Insurance For Houses Of Worship - Explained

Insurance For Houses Of Worship - Explained

As a pastor or church administrator, you are not only tasked with leading your congregation; you also have to create a stable financial foundation for your ministry to thrive. That means making sure donations are coming in. It also means making sure those donations are used to serve the church. Purchasing a great insurance program doesn’t just free you from worrying about catastrophic losses. It also lets you use church resources the way they were intended instead of preparing for disaster.

Austin Landes, CICAustin Landes, CIC
Austin Landes, CIC
4 minute read
Cover Image for What Are SME Insurance Products?

What Are SME Insurance Products?

There is a virtually unlimited number of different coverage options and combinations. However, there are some core coverages that every small and medium-sized business needs, no matter what industry they are in.

Austin Landes, CICAustin Landes, CIC
Austin Landes, CIC
4 minute read
Cover Image for What Is Excess And Surplus Insurance?

What Is Excess And Surplus Insurance?

There are many differences between excess and surplus versus standard insurance companies – often referred to as non-admitted and admitted, respectively. The biggest difference, however, is the amount of regulation between them.

Austin Landes, CICAustin Landes, CIC
Austin Landes, CIC
10 minute read
Cover Image for What Is Food And Drink Insurance?

What Is Food And Drink Insurance?

Running a restaurant or similar business is very complicated and comes with an incredible amount of responsibility. So how can your protect yourself? And what is food insurance? Food and drink industry insurance can help you manage this responsibility and protect your investments if an accident occurs. 

Austin Landes, CICAustin Landes, CIC
Austin Landes, CIC
5 minute read