What is Business Interruption Insurance? Business interruption insurance is insurance coverage that replaces income lost in a disaster. The event that causes the interruption can vary, but generally, it is a fire or natural disaster. Business interruption insurance is not sold as a separate policy but is either added to a property/casualty policy or included in a comprehensive package policy as … [Read more...]
Flood Insurance 101
The risk of flooding can strike pretty much anywhere and everywhere. Even if you live outside of a high-risk area, your home is still vulnerable to these natural disasters. Now, if you live in these high-risk areas, you probably already have the required flood insurance protection. But what if you don’t? Well, we’re here to help clarify some information about flood insurance in another one of … [Read more...]
Cyber Security Liability Insurance
Doesn’t that only affect National Firms? Many years ago, concerns about hackers and security breaches were only something that the local business only read about in the newspapers or heard about by other media. This was something that only affected large national companies. But now as virtually every business has entered the digital age with their own websites, on-line data storage and vital … [Read more...]
Insurance for Business Owners: Are You Prepared for the Unexpected?
As a business owner, there are things that you plan for in the normal course of business operations. However, a disaster is not something that you ever truly expect. These unexpected events can leave your business devastated if you are not financially prepared. Part of disaster preparation includes making sure your business assets are properly insured against disasters through insurance for … [Read more...]
Why a Package for Your Business Insurance is Superior
As a business owner, one of the biggest challenges you will face is choosing the right coverage for your business. Deciding which coverages you will need, and at what levels, can be a daunting challenge, especially for new businesses with limited experience accessing insurance risks and limited financial resources. Fortunately, many insurance brokers can help take the confusion out of selecting … [Read more...]
Business Interruption Insurance
Owning a business is rewarding but is a great responsibility. As an owner of a business, you are responsible for everything that concerns the business. This can include physical damages, repairs and remodeling after a disaster has taken place. All of these things are great, but what happens when the operation of your business is out of commission for a while because of these factors? This is a … [Read more...]
Who Needs Flood Insurance?
Who needs flood insurance on their property? Isn't this covered in my insurance? The answer is that everybody may need flood insurance at some time or another. Most people may not realize that floods are not usually covered under property coverage. A flood is general defined as any rising water or overflow of a body of water from surface or tides or overflow. ; a lot of water in the wrong place … [Read more...]
Boiler & Machinery Coverage: I don’t have a boiler? Why do I need that?
When some people hear the old phrase "boiler and machinery" they think they have to be an engineer to understand it. But it also includes mechanical breakdown of your equipment including air condition and chiller and cooler equipment. Equipment Breakdown insurance, sometimes referred to as boiler and machinery insurance, covers the costly physical and financial damage that can result from an … [Read more...]
