Property and Casualty
December 29, 2023
Benefits and Risks of Rooftop Solar Panels for Commercial Properties
As solar rooftops become an increasingly common addition to commercial properties, businesses need to be aware of the pros and cons of this technology. While they can provide significant financial, environmental and reputational benefits, they can also present various risks, such as fire and structural hazards. They can also be susceptible to damage from several...
December 1, 2023
10 Tips to Winterize Your Business
As winter approaches, it is crucial for small businesses to prepare for the challenges the season’s weather brings. Whether it’s potential property damage or changes in customer behavior, winter can significantly impact a company’s operations. This article provides 10 tips for effectively winterizing a small business. Being ready for winter weather requires a proactive approach....
November 30, 2023
How Vulnerable to Cyberattacks Are Commercial Buildings?
At first blush, the ransomware attack on Colonial Pipeline(link is external) in May 2021 and a hacker’s attempt to poison the water supply(link is external) in Oldsmar, Fla., in February of the same year may not appear to have much bearing on the safety of the average commercial building. But in reality, most buildings are vulnerable to these types...
November 14, 2023
U.S. P&C Combined Ratio for 2023 Projected at 103.8%
Analysts at the Insurance Information Institute (Triple-I) and Milliman expect the U.S. property/casualty insurance industry to post a 103.8% net combined ratio for 2023, driven by the highest severe convective storm losses in decades. The III and Milliman experts shared their findings during a recent webinar discussing their quarterly report, “Insurance Economics and Underwriting Objections:...
November 3, 2023
Protecting Your Business Against Frozen Pipes and Sprinkler Systems
During the winter season, businesses face a unique set of property challenges, including the risk of frozen pipes and sprinkler systems. These issues can result in costly damage, disruption of operations and potential safety hazards. It is essential to understand which pipes and systems are most vulnerable to freezing, the impact of cold weather on...
October 31, 2023
Protecting Your Building and Occupants From Vehicle Crashes
Vehicle crashes into buildings can result in severe property damage, which can lead to expensive repairs and business interruptions. In a worst-case scenario, such accidents can cause injuries or even fatalities. As a business owner, it is crucial to take proactive measures to protect your property from these incidents. This article aims to help you...
October 24, 2023
Understanding Protective Safeguards Endorsements (PSEs)
When it comes to property insurance, it’s not just about securing a policy; it’s about fully understanding its nuances to ensure you have the highest level of protection for all your assets. In some cases, misunderstanding the details of your property coverage can mean the difference between safeguarding your investments and costly oversights. One often...
October 18, 2023
The Impact of Secondary Perils on Property Insurance
Secondary perils, such as severe convective storms, floods, wildfires and hailstorms, have significantly impacted the commercial property market. In fact, according to industry data, secondary perils have consistently accounted for over 50% of insured natural disaster losses in recent years. This article provides more information on secondary perils, including their impact on the property insurance...
October 9, 2023
Electrical Preventative Maintenance (EPM) Programs Explained
It’s important for businesses to maintain their electrical systems to avoid unexpected downtime, costly repairs and potential safety hazards. That’s where Electrical Preventative Maintenance (EPM) programs come in. By proactively identifying and preventing electrical problems, businesses can minimize risks, increase efficiency and save money in the long run. This article will discuss the benefits of...
October 3, 2023
How Employers Can Champion Employees’ Wellbeing During Natural Disasters
As the U.S. confronts escalating natural disasters like wildfires, hurricanes and floods, the scope of employer responsibility extends beyond the confines of office walls. Regardless of where you live, people everywhere are vulnerable to experiencing the stress and anguish brought about by these disasters. As a result, employers must act as pillars of support for...