Prof. Allan Manning
FEBRUARY 10, 2025
I recall the very first business interruption claim I did was for a risk in Toowoomba and to my horror found that the Insured had only declared 3 months insurable gross profit with a 3-month Indemnity Period. Where a client, sought to insure for less than 12 months they would offer a discount on the premium rate. of their loss.
Protect Commercial Insurance
JUNE 6, 2025
Such coverage is particularly crucial for businesses with high-value machinery or large volumes of stock that contribute directly to revenue generation. Support in Business Interruption Scenarios Sometimes, when the unexpected strikes, it doesn’t just affect your property; it halts your entire operation.
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Tosten Marketing
FEBRUARY 27, 2025
Preventive Measures To protect your business further, implement preventive measures such as: Regular maintenance checks of plumbing and appliances Installation of water detection systems Conducting regular plumbing inspections Some insurers may even offer premium discounts for businesses that take these proactive steps.
American Agents Alliance
MAY 26, 2025
Even personal lines customers and small businesses can benefit from a risk assessment. When risks are managed well, policyholders can save money on premiums. Indirect costs, such as business interruption losses, downtime, legal expenses, reputational damage, and others, can be even more expensive than the original loss.
Property Insurance Centre
FEBRUARY 10, 2025
Businesses in seismically active areas (such as California) must purchase earthquake insurance separately. Business Interruption Insurance If a covered peril forces a business to temporarily close, business interruption insurance covers lost income, operating expenses, and even temporary relocation costs.
Protect Commercial Insurance
APRIL 11, 2025
– Equipment Breakdown : Specifically focuses on essential equipment that supports your business. – Business Interruption : While your premises undergo repair or replacement, this helps cover lost income and operating expenses. Online reviews and ratings can give insights into customer satisfaction and reliability.
Distinguished
FEBRUARY 24, 2025
Food spoilage and contamination coverage: Compensates for losses due to spoiled inventory or business interruptions caused by foodborne illness. Location risks: Areas with higher crime rates or increased foot traffic face higher premiums.
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