Insurance Checkup: Do You Have The Right Coverage?

Your customers shape your business, and in order to survive our rapidly changing economy, you’ll want to respond to their evolving preferences. For instance, because of COVID-19, more people are relying on the internet to buy items. In fact, 32% of Americans have ordered food online from local restaurants. This means certain businesses can benefit from adding…

Do I Have Business Income Because of Coronavirus Closures?

Business Interruptions As many operations close due to COVID-19 fears, there’s a growing question of whether or not business interruption insurance can help policyholders make up for lost revenue. Business Interruption coverage is typically triggered under a commercial insurance policy when a covered risk/peril causes physical damage to the insured premises resulting in the need…

The Coronavirus – What We Know

As the headlines continue to show the effects of the Coronavirus worldwide, concerns of how a commercial insurance policy will respond are on the rise. Coverage varies greatly by carrier, but here is what we know: Virus is commonly excluded from coverage. Property and business income policies only provide coverage if there is first a…

Insuring Your Home for the Right Amount

Depending on the age and condition of your home, calculating the insurance value or reconstruction cost, can be a complicated process. These tips from The Cincinnati Insurance Companies provide you with information to better understand the valuation process. What is reconstruction cost? Reconstruction cost, or replacement cost, is the cost to hire a contractor to…

Understanding Installation Floaters

During the process of completing a project, a contractor faces a variety of risks. Materials, equipment, machinery and supplies must be purchased, stored, transported, staged, processed and installed before work can be accepted. For contractors, the property they rely on to complete their work can be compromised along the way. Most commercial property insurance policies…