Tag: Property

Coverage for Manufacturers of Large Vessels

Boat manufacturers face unique business risks, even among businesses that build and fix watercraft. Unlike the companies that build smaller vessels, including some light yachts, the builders of tankers, barges, and large yachts generally deal with vessels that need large crews, operating for commercial purposes. Even when a vessel is being purchased as a personal

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How Do Insurance Carriers Determine Commercial Property Premiums?

Many different factors affect how insurance companies evaluate what to charge to insure properties. Commercial property owners should be aware of these factors as they go about securing both property and general liability insurance. Property Value Carriers will look at property’s assessed values. They may also consider the value of comparable properties in the area.

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