Scott Brookes

Loss of Business Income Due To Hurricane Sandy

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November 12th, 2012

A week after Hurricane Sandy/Super Storm Sandy, businesses and homeowners are working to figure out the impact of the storm on their property and their income.  There will be many questions regarding what losses are and are not covered. Two areas of potential uncovered claims include Flood Damage and Loss of Business Income. An article» Read Full Article

Buildings More Than 70% Vacant Are Most Likely Not Covered, Unless…

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October 25th, 2012

All commercial insurance policies have some type of vacancy clause limitation.  These clauses kick in when 70% or more of the building is vacant.  If the vacancy clause is applied to a location that has a loss it could mean a reduction in the claim payment by 15% or more or in the case of some» Read Full Article

Business Income from Dependent Properties

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April 16th, 2012

The Business Income from Dependent Properties portion of your property policy provides insurance coverage in the event the damage or destruction of non-owned property reduces or terminates the insured’s earnings. Dependent property coverage extends to protect the insured from business income losses emanating from the suspension of operations of non-related entities. You don’t want to underestimate the» Read Full Article

The Two Parts to Property Coverage-Direct Damage and Business Income

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April 16th, 2012

The first thing a business owner needs to overcome is that it is possible that their business could be subject to a loss.  Tempting fate is not a good idea when you have the fiduciary responsibility of so many people and families – not to mention a business to keep running! Don’t think it can’t happen to you –» Read Full Article

Business Income Extra Expense

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April 16th, 2012

Business Income Extra Expense coverage responds to the resulting financial loss & the additional expenses necessary to maintain the business, payroll for employees, and customers.  Business owners must also protect themselves against financial loss due to a slowdown or shutdown of their operations that can result from the damage or destruction to their property.  Some» Read Full Article

85% of Companies Experience Supply Chain Disruption

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December 6th, 2011

A recent survey indicates that a significant percentage of companies were affected by supply chain disruption over the last 12 months. In the survey sponsored by Zurich Financial Services Group and conducted by the Business Continuity Institute (BCI), 85% of companies say they experienced at least one supply chain disruption. Adverse weather was cited as the» Read Full Article