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What is business interruption insurance?
Business interruption insurance policies can help when unforeseen events shut down operations. Learn how business interruption insurance works and what it covers.
Any time a natural disaster or man-made crisis strikes, businesses often must suspend operations or operate at reduced capacity for a time. Business interruption insurance can protect business owners ...
“The definition of business interruption insurance is rather straightforward,” states Anderson. “This type of insurance covers income lost when a business owner has to close their doors due to a ...
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Why business interruption insurance can save your company
Most business owners prepare for the visible risks like insuring the building, equipment, and even insure against lawsuits. What far fewer business owners plan for is what happens to the business ...
No one wants to think about a business interruption loss, let alone plan for it. However, fire claims, water damage claims, and more frequent extreme weather-related disasters have made business ...
As wildfires have raged in areas across the country like California and the Smoky Mountains of Tennessee, it poses questions for the businesses that must close their doors and evacuate: If they’re not ...
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 ...
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 ...
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