Many businesses have insurance packages that include coverage for business interruption. Now, because of the coronavirus shutdowns, many of those insured businesses face an interruption of business of ...
Los Angeles business owners suffered heavy losses after the Palisades and Eaton fires. Some saw their buildings and inventory reduced to rubble, while others lost their customer bases as communities ...
Today’s unpredictable business environment poses risks that could disrupt operations. Property insurance does not cover earnings losses caused by downtimes and expenses used to resolve them. For ...
When COVID-19 first disrupted the global economy in March 2020, businesses in Pennsylvania and New Jersey—like their counterparts nationwide—turned to insurance as a possible safety net. Many ...
Modern travel is unpredictable. Flights are delayed, businesses face sudden disruptions, and personal emergencies rarely check your calendar before they arrive. For many travelers, these realities ...
Businesses large and small, including particularly retail tenants, hotels, and theaters (as well as their support services) have seen their revenue dramatically interrupted because of Covid shutdowns.
This article discusses A.B. 10342, a newly passed bill by Governor Kathy Hochul "which amended New York State insurance law to authorize, for the first time, stand-alone business interruption ...
Business interruption (BI) insurance can cover companies for losses for business disruptions that relate to events like fires and power outages. But will it protect your company from losses stemming ...
A London insurer gave hints of how the industry will fight a series of lawsuits in one of the first responses to business interruption insurance claims related to COVID-19. Certain Underwriters at ...
Business interruption insurance can help a business continue to pay its bills while it is closed or its income is down because of a disaster. The coverage can be valuable if your business has to ...