The East Village explosion caused panic among New York city residents, yet damage to insured properties are likely covered by standard property insurance policies.
Read MoreUnderstanding the Insurance Implications of East Village Explosion
business insurance
Insurance tips for smash and grab robberies
Onlookers paused to take pictures of the store front as police taped off the scene. The Grand Caravan came to rest a short distance from the store’s escalator. Shattered glass and merchandise littered the ground around the minivan.
Read MoreSummer update for amusement parks
The US amusement park industry generates over 12 billion in revenue and provides jobs to over 500,000 seasonal employees.
Read MoreWhy you should purchase product recall insurance for your business
With the growing number of product recalls, it is vital for a business to purchase product recall insurance to help protect their company if something were to be recalled.
Read MoreBusiness cyber insurance on the rise, but 60% still lack it
A survey of North American companies reveals companies they’re showing an increased interest in cyber liability insurance, yet many of them believe their own methods offer enough protection. Risk managers are reacting to the increasing threat of security and privacy breaches by considering how they secure their data, according to global professional services company Towers Watson. The survey examined how North American companies use outside resources, tools and frameworks to address their risk exposure across a…
Read MoreMost business insurance policies don’t cover floods
When a flood strikes a business, the damage it causes comes from more than the initial deluge. On top of wiping out inventories and destroying equipment, a flood disrupts normal business operations that are key to staying financially afloat. Since most standard commercial property insurance polices don’t cover flooding, it’s important for any sized business to consider a separate flood insurance policy, according to the Insurance Information Institute. “Ninety percent of all natural disasters involve…
Read MoreCompanies showing greater interest in cyber insurance
As news of cyber attacks seem to be on the rise, more companies and institutions turning to cyber insurance to protect themselves from the financial consequences of a data breach or cyber attack, according to a report issued by Marsh, the insurance and risk management firm. The number of Marsh U.S. clients purchasing cyber insurance increased 33 percent in 2012 over 2011, with those in the services and educational sectors leading the way. Companies also…
Read MoreWeather insurance covers income lost to Mother Nature
As unpredictable as the weather can be, there are those whose incomes depend on it. In the past a lack of snow, too much or too little rain could spell trouble for them—unless they had the option of buying weather insurance. Megan Green, assistant vice president at Vortex Insurance Agency, provides weather insurance to cover all kinds of mishaps caused by Mother Nature. Green says policies tend to be event-based, such as someone canceling an…
Read MoreFeatured
Oct 30, 2019
LA County residents forced to evacuate could tap insurance for cost reimbursement
LOS ANGELES, Calif. — Thousands of residents from Los Angeles
Health
Mar 17, 2020
The Essentials of Long-Term Care Insurance
When you’re young, long-term care insurance is not something
