Four Examples of a Business Interruption Claim

Business interruption insurance comes into play after a commercial property loss. It is intended to add an additional level of protection to cover your business for things that other forms of insurance, like property insurance, cannot. It typically covers things like profits that would have been earned if business was not interrupted, operating expenses like employee wages for the duration of the closure, and the Read More

Loan Amount vs. Insured Amount: What Kind of Coverage Do You Need?

Insurance is a protective measure that safeguards you against permanent loss when a negative event occurs. This is why it is so important to insure your home as well as the balance of your home loan so that you aren’t stuck with the cost of rebuilding and maintaining the loan payments.  Loan Versus Insured Amount “Loan amount” refers to how much you borrowed to buy the property, but it doesn’t always represent Read More