Damage to a business—whether because of a major storm, bad fire, or other natural disaster—can cause serious problems. Not only is rebuilding often costly, but the company may be required to temporarily suspend or at least dramatically cut back operations. As a consequence, the business can sustain additional losses. Business interruption insurance is a type […]
Business interruption insurance can provide much-needed protection for companies during challenging times. The National Association of Insurance Commissioners (NAIC) explains that business interruption coverage is a type of insurance that lets companies cover certain fixed expenses while their premises are closed for repairs or otherwise disrupted due to a covered peril. Unfortunately, some companies struggle to get […]
A natural disaster can cause serious damage to your business. Unfortunately, in some cases, that damage may force you to reduce or even temporarily suspend your operations. That means less money coming in during any already challenging time—and your weekly and monthly overhead costs can keep adding up. Business interruption insurance coverage can help to […]
Business interruption policies are designed to provide business owners like you with just compensation in the event a covered event thwarts the smooth operation of their businesses. Hurricanes are infamous for shutting down businesses – in addition to a host of other devastating effects – which makes better understanding your business interruption coverage paramount. If […]
When a natural disaster forces you to shut down your business, even for a short period of time, the consequences for you and your loved ones can be significant. Once you’re safe, the next step is filing a business interruption insurance claim. Unfortunately, this process can be complicated and frustrating, particularly for those without experience. […]