As the days go by, there seems to be new information regarding the coronavirus (COVID-19) disease everywhere we turn. With this new information, there is also concern over its potential to affect the welfare of our employees or our business operations. You may be wondering if it’s negative effect could be covered by an insurance policy you have?
Are your Client’s Properties Ready for Freezing Temperatures?
As we all know, water expands as it freezes, putting an extreme amount of pressure on whatever is containing it, including metal or plastic pipes.
Property Owners, Coop Boards and Landlords research and deal with many different types of insurance policies for their property. One of the most commonly overlooked (and one of the most important) types of insurance is the umbrella insurance policy.
It is no secret that Property Owners have a lot on their plates. It’s a tough job to manage the many variables required to keep properties running smoothly.
It is often overlooked that the insurance industry paid out between $25 and $40 billion in losses following the attacks of 9-11 according to estimates. In the aftermath of these attacks the unpredictability of terrorism resulted in reinsurers excluding coverage for acts of terrorism. The consequences threatened to potentially impact the economy by restricting both …
A General Breakdown of the Terrorism Risk Insurance Act (aka TRIA) Read More »
