IT application developers are at risk of several forms of liability and should be properly covered. Whether you are a one person operation or you have grown to employ several teams, app developer business insurance has various vital layers of coverage for your company. Your operations expose you to a number of liabilities that could be financially catastrophic. By purchasing the right app developer business insurance, you make certain that if the unexpected happens, it won’t place your company at risk of ending. As you grow, it is important to…
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Global commercial insurance rates dropped in Q2
Property coverage saw the largest drops during that quarter with more moderate decreases in casualty. Customers in the commercial insurance market saw positive news upon the release of a recent August 2015 report from Marsh, called the “Global Insurance Market Quarterly Briefing,” which determined that rates had decreased worldwide in nearly every business line. That report indicated that this was the ninth consecutive quarter in which there were decreases. It also explained that this trend of commercial insurance rate decreases is a reflection of the competition within the market. It…
Read MoreInsurance claims begin following the Baltimore riots
Residents and businesses faced property damage and looting and are now filing with their insurers. The residents of Baltimore have certainly faced destruction to their properties as a result of the riots, but it is the businesses that will be making the largest insurance claims, and many owners are wondering exactly how much of the various forms of damage will be covered by their insurers. The most obvious claims are being filed with insurance companies for issues such as looting and property damage. However other insurance claims could be filed…
Read MoreHomeowners insurance funds set aside by TD to overcome struggles
The insurer has put $290 million aside in after tax reserves to help to support its unit following the sudden storm events. Toronto Dominion Bank (TD) has announced that it has decided to put aside $292 million in after tax reserves in order to help to support its struggling business and homeowners insurance business. This underscores the trouble that the unit has seen following a growing number issues regarding litigation and claims. The announcement for supporting its business and homeowners insurance arm comes at a time during which the government…
Read MoreProperty insurance rates experience “modest” increase in US
A survey has indicated that American commercial policy rates have increased just slightly. The results of a new survey that was conducted by Towers Watson & Co. has revealed that the price of commercial property insurance in the United States rose slightly during the first quarter of 2012. It also indicated that business employment practices liability and workers compensation rose during that time. The rise that was experienced in the commercial property insurance rates from the last quarter of 2012 to the first quarter of 2013 was – according to…
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