Reduce your home and building insurance costs

Building Insurance Costs

When you stop to think about it, if you never paid any insurance of any kind whatsoever, the chances are that you’d gradually come out ahead. The problem, of course, is that this would be reckless and foolish. We all need insurance, whether as a legal requirement or just because it’s a sensible course of action, for different aspects of our lives. And when it comes to the main asset most of us possess, our home, it’s very wise indeed to have good insurance cover for buildings and contents. Nevertheless,…

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Eco-friendly construction increases professional liability risks

Insurers and risk managers are facing all new challenges in developing coverage for errors and omissions (E&O) for eco-friendly construction projects, which are similar, but still quite different from the risks associated with typical construction projects. This has lead to new trends and developments which are affecting purchasers for specialty lines of insurance such as E&O, directors and officers (D&O), cyber risk, employment practices liability, transportation, marine, and surplus. The reason for the difference between “green” and standard construction project risks is in the materials and technologies that are used,…

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Business insurance gets a hair cut

Have businesses been cutting their insurance policies? Many say, yes. The statistics say yes also. With the economy being especially brutal to small-medium business owners, drastic measures have been noted by insurance agents around the country. Many business owners have seen a decrease in premium just due to the lowering of payroll but this wasn’t enough, they cut extras, and anything that was a policy add-on in an effort to lower the premiums. Other approaches have been made to get policy premiums lower too. Strategies such as lowering the amount of coverage…

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