Sumario: A commercial insurers typical profit and loss -- Commercial insurance jargon explained -- Profit and loss explained: public-products liability -- Profit and loss explained: property -- Profit and loss explained: motor fleet -- Profit and loss explained: employers liabilityZurich Insurance ...
Property damage Medical payments However, it is worth noting that his type of cover does not cover other risks such as professional services, pollution, and officers/director liability. In other words, the CGL does not cover professional negligence acts. However, there are separate insurance policie...
The Massachusetts Supreme Judicial Court has not been too kind to insureds these days. Forthe second time in 2 months, the SJC has upheld the denial of a property owner’s claim in connection with flooding, this time in the commercial setting. InSurabian Realty Co. v. NGM Insurance Co.,...
New UAE Commercial Companies Law: Objective From acknowledging the concept of a SPAC to permitting companies to convert into a public joint-stock company and licenced branches of foreign companies into a commercial company withUAEcitizenship to so much more, myriad legislative reforms have been done ...
Nuveen Real Estate is a real estate investment management holding company owned by Teachers Insurance and Annuity Association of America (TIAA). Nuveen Real Estate securities products distributed in North America are advised by U.K. regulated subsidiaries or Nuveen Alternatives Advisors LLC, an SEC ...
What is Non-negotiable Commercial Paper? An individual in possession of a non-negotiable instrument stands in the shoes of the original issuee. That is, she has the exact same rights in the instrument as the original issuee he...
Examples of reinsurance pools include the Registered Mail Insurance Association, which covers currency, securities and other valuables transported by registered and first-class mail, and shippers of property transported by armored cars; and the Excess Bond Reinsurance Association, which offers fidelity cove...
Taxes and Insurance Discusses who pays property taxes and insurance on the property. This section usually includes a requirement that the tenant provides proof of insurance on property and equipment in the leased space and liability insurance, to protect the landlord. Usually, the tenant is required...
Property managers of commercial spaces keep meticulous administrative and financial records, and keep all applicable maintenance, taxes, mortgages and insurance updated. They ensure rent is collected, and respond to tenant needs and issues. Managers also provide regular reports (ie. occupancy, rent roll...
This would include all utility bills, real estate taxes, and property insurance. On top of this, the tenant will also be responsible for regular area maintenance and repair for property damage. An NNN lease is the exact opposite of a gross lease....