Desmond Insurance Blog
The Business Interruption Insurance covers loss of income, in case the business suffers after adversity. It is different from property insurance that only covers the disaster’s physical damage to the company. This kind of policy is not a stand-alone, but an additional coverage on your business property insurance.
Business owners who tend to purchase commercial package insurance must also seek for additional policies to adequately protect the business. The following explains why business interruption insurance is necessary:
Business owners tend to look at every possible way to trim the budget without risking the value and safety of the businesses. Running a business might increase the reputational and financial risk of the company, so it’s necessary to protect the market and the employees. However, some mistakes cost business owners to pay a lot for their business insurance.
If you are a contractor, you will start to become very busy when the project begins, and being prepared is necessary to guarantee that everything will run smoothly towards completion. To avoid issues that can hinder you from fulfilling your undertaking, consider these five commercial insurance trends for contractors and trades for your convenience:
If you’re in the hospitality business, you provide the following to your customers: