Tag: insurance

One fifth of Billboard Insider readers have filed a loss claim on a billboard

Yesterday we ran a post about the rising cost of out of home property insurance and asked readers about their insurance arrangements.   Here are the results. Approximately half (52%) of Billboard Insider readers insure some or all of their billboard plant against damage. Approximately one in five (21%) of our […]

Billboard Property Insurance Premiums Rising

Commercial property insurance premiums are rising due to losses from natural catastrophes.  Commercial property insurance premiums increased by 20% in the second quarter of 2023 and 17% in the third quarter of 2023 according to the Council of Insurance Agents and Brokers 3Q  2023 Property/Casualty Report.   Out of home […]

Consider Self Insurance

Billboard Insider ran an article last week about the high cost of digital billboard replacement insurance in the southeast.  We have heard of quotes of as high as $4,000/month for replacement insurance on a digital billboard in Florida.  At that cost it might make sense to consider self insuring at […]

Chris Bassler Says Digital Billboard Insurance is Getting More Expensive

Billboard Insider has heard that digital billboard insurance is getting more expensive, especially in coastal states in the Southeast US.    We talked with Chris Bassler of Bassler  & Co. Why is it so expensive to write digital billboard replacement insurance in Florida? Yes, this has become a major issue.  […]

Time To Start Watching Your Insurance Costs

From an insurance buyer’s perspective, it can sometimes feel as if premium prices change on a whim. But, according to Chris Bassler of Bassler & Co. Insurance, the truth is that the insurance market is cyclical in nature. Chris, how would you define tendencies in the insurance market? I would […]

More About OOH Subcontractor Insurance

Earlier this week Billboard Insider posted on how to use insurance to mitigate risks or using subcontractors.  Today Stu Lee and Chris Bassler at Baller and Co Insurance give their perspective. As an out of home operator you will most likely have many different subcontractors assisting you with maintenance.  If […]

Cone on Subcontractor Insurance

Last week Billboard Insider discussed how to compensate out of home subcontractors.  Cone Companies Brian Cone reminds Billboard Insider that you need to require subcontractors to carry insurance. What insurance should an out of home company require from contractors? An out of home advertising subcontractor should be required to carry […]

Brian Cone on Billboard Replacement insurance

Brian Cone is Vice President of The Cone Company which provides out of home insurance.  Yesterday Brian talked about why general liability insurance is a must and what perils it covers.  Today Brian talks about billboard replacement insurance.  You can reach Brian at BCone@theconeco.com, 334-272-4791 Why is Inland marine insurance […]

Brian Cone on why commercial insurance is an out of home must.

Brian Cone is Vice President of The Cone Company which provides out of home insurance.  Today Brian talks about which insurance is a must and what perils are covered by commercial liability insurance.  Tomorrow Brian talks about billboard replacement insurance and other kinds of coverage.  You can reach Brian at […]

Is coronavirus covered under OOH insurance?

Insider talked with out of home insurance expert Stu Lee about whether coronavirus is covered under policies. Stu, are coronavirus losses covered under a company’s business insurance or replacement insurance policies? Unfortunately, there is no coverage at this point in time. I would encourage the billboard operators to file a […]