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Category: Commercial Insurance

What Does Commercial Umbrella Insurance Cover?

Your business is protected by your business insurance – but is it enough? A commercial umbrella insurance policy provides coverage when a claim exceeds the limits of your other policies. This type of policy is typically quite affordable and offers a critical level of protection against losses from substantial claims or lawsuits.  Do You Need Commercial Umbrella Insurance? A liability claim filed against your business...

Study: P&C insurers cannot absorb pandemic-related business interruption losses

A new study by The Geneva Association found that while the life & health insurance industry can absorb pandemic-related claims without issue, the same cannot be said of the P&C industry and the countless COVID-19 business interruption claims they handle. According to the study “An Investigation into the Insurability of Pandemic Risk” – co-produced by The Geneva Association and the University of St. Gallen –...

Car Wash Insurance Policy Information

Car Wash Insurance Policy Information Car Wash Insurance. Car washes provide facilities for cleaning automobiles and other motor vehicles. Some are drive-through with either partially or fully automated conveyance of the vehicle throughout the operation. Hand washing, waxing, or interior cleaning of the vehicle may be offered, with customers sent to a waiting area. Damage to the customers' vehicles is the primary exposure as machinery...

Business interruption can spell doom without proper insurance

What happens when you have to close your business for a period of time to have repairs done after insured events such as fire, water damage, theft, hail, a hurricane, a tornado or other disasters? Closing even for a few days can greatly disrupt income for the business that still has to pay its employees, the rent, utilities and other expenses. Business interruption might be...

Can I Still See My Own Doctor After Filing For Workers' Compensation?

There is no yes or no answer to that question. Each state has its own set of complicated rules for when you can see your own doctor for a work-related injury covered by workers’ compensation insurance. Generally, but with some exceptions, your employer’s insurance company determines which doctors you see when you have filed a workers’ comp claim. Workers’ compensation can be confusing, and the...