Category: Commercial Property

Do you routinely offer additional limits of debris removal coverage? If not, the Paradise, California wildfire might help you and your customers understand why this is so important.

The news has been dominated lately by the California wildfires. As a result, I’ve had several questions about the insurance and risk management implications that are addressed in this article.

Occasionally you may be asked why an “open perils” (aka “all risks”) policy is better than a “named perils” policy. Here, with a caveat, is a list of examples you can consider.

Many policies include requirements that certain protective measures be taken for coverage to apply. For example, both personal and commercial lines policies often have a freezing exclusion that is waived if the insured makes reasonable efforts to maintain heat in a building or shut off the system. Other requirements impose an exclusion if a protective system is not maintained, for example, sprinkler system and burglar alarm system Protective Safeguards endorsements.