Commonly Overlooked Types of Business Insurance
Posted: May 4, 2021
Commonly Overlooked Types of Business InsuranceYou already have business insurance, but have you overlooked a situation that could put your business at risk? We offer a list of the most overlooked types of business insurance, as well as a brief explanation of each type. Employment Practices Liability Insurance (EPLI): This insurance protects against claims filed against your business by an employee, such as wrongful termination, harassment, discrimination, and others. When...
How Long Does Business Interruption Insurance Coverage Last?
Posted: July 4, 2019
How Long Does Business Interruption Insurance Coverage Last?Most commercial property insurance policies include business interruption insurance. With this coverage, the insurer agrees to pay for loss of business income resulting from a covered peril. But how long does it last? In most cases, business interruption insurance coverage continues from the date of loss until property damage can be repaired with dispatch and due diligence. Period Of Restoration The length of time in...
Common Exclusions To Business Interruption Insurance
Posted: April 15, 2019
Common Exclusions To Business Interruption InsuranceBusiness interruption insurance is designed to cover income lost when an event beyond your control forces you to close your business temporarily. This extra layer of protection goes beyond common business insurance policies. For example, if a fire in your office forces you to shut down temporarily, property insurance will cover the damage from the fire, but not the loss of income. The lost income...
Guard Your Business & Employees From Winter Weather Hazards
Posted: January 17, 2017
Guard Your Business & Employees From Winter Weather HazardsAs cold weather swoops in for the season, you can protect your business and employees from winter weather hazards by having the right business insurance policies in place. Freezing temperatures, ice, and snow bring risks that can prove to be financially devastating. The III (Insurance Information Institute) reports that last year, winter storms resulted in an estimated $3.5 billion in insured losses. Business Insurance Protection Your...
How To Survive A Business Interruption
Posted: May 2, 2016
How To Survive A Business InterruptionWhile all business owners want their enterprises to be both productive and profitable, you may not have considered the costs associated with a business interruption. Business interruption coverage can be added to your property insurance; this form of insurance is critical in keeping your business fully protected. It is impossible to predict every eventuality, particularly the damage incurred when a heavy storm or other disaster damages your...