An Earthquake Insurance Reminder

| Earthquake Insurance.

A powerful earthquake rocked southern Alaska on December 30, 2018. The quake measured 7.0 magnitude and struck just north of the city of Anchorage, home to about 300,000 residents. As the most seismically active state in the US, Alaska was well prepared for a strong earthquake. Fortunately, it appears the damage to most buildings in… Read more »

Property Insurance Cause of Loss Form

| Business Insurance, Commercial Property Insurance, Insurance Claims, Insurance education, Landlord Insurance, Uncategorized.

Attached to every commercial property insurance policy is a cause of loss form that determines which perils are covered and which are not. There are 3 forms in common use: basic form (CP1010), broad form (CP1020), and special form (CP1030). It is critical that a policyholder understands the property insurance cause of loss form attached to their policy… Read more »

The importance of insurance to value

| Business Income, Business Insurance, Commercial Property Insurance, Home Insurance, Homeowners Insurance, Landlord Insurance.

Insurance to value, abbreviated as ITV, is an important concept in the world of property insurance.   It applies equally to personal insurance and business insurance.  Essentially, any insurance that is covering something tangibile like a home, renter contents, commercial building, business inventory or even business income, needs to have adequate insurance to value. What… Read more »

Nevada Lessors Risk Insurance

| Business Income, Business Insurance, Commercial Property Insurance, General Liability Insurance, Insurance education, Landlord Insurance.

Nevada Lessors risk insurance, also called commercial landlord insurance, is a specialized insurance policy provided to owners of office, retail, industrial and other tenant occupied commercial buildings.  These policies are designed to cover the exposures faced by a landlord including fire, vandalism and other damage to the buildings and premises liability claims. Owning a commercial… Read more »

Protect your Company with Las Vegas Business Insurance

| Business Insurance, Workers Compensation Rating.

Nevada has a well-deserved reputation for being a business friendly State.  Our relatively low tax structure and legal protections make us a haven for corporations located inside and outside of the State.   Just a few decades ago,  Las Vegas’s industry centered around gaming, tourism, and construction.  Today, our economy is much more diversified including tech and… Read more »

Commercial Landlord Insurance Basics

| Business Insurance, Commercial Property Insurance, Insurance education, Landlord Insurance.

Commercial real estate can be a great investment opportunity, providing property owners with stable cash flow and steady equity growth.   Las Vegas, with our generally depressed real estate pricing, has numerous opportunities for a savvy investor to purchase prime commercial properties at very low prices.   To properly protect that investment, a landlord needs specialized commercial landlord insurance,… Read more »