Contingent Business Interruption

Contingent Business Interruption (CBI) stands as a crucial but often underestimated component of property insurance coverage. Typically functioning as an extension to the business income coverage within a property insurance policy, CBI plays a pivotal role in safeguarding businesses against financial setbacks stemming from disruptions in their supply chain. In essence, Contingent Business Interruption Insurance […]

Premises Liability Insurance Coverage

Premises liability is a legal concept typically associated with injuries or property damage resulting from hazardous conditions or negligence on a business property. Premises liability insurance is designed to assist businesses in covering expenses related to accidents involving visitors at their establishments. Various types of accidents may fall under premises liability claims, encompassing: Slip and […]

Business Interruption Insurance

Business Interruption Insurance, also known as business income coverage, provides compensation for lost business income when your business cannot operate temporarily due to a covered loss, such as fire or theft. This coverage is commonly included in a business owners policy (BOP). Business Interruption Coverage Business Interruption Insurance provides coverage for a business’s operating expenses when […]

Defamation Insurance

Defamation, as defined by the Legal Information Institute, refers to a statement that harms the reputation of a third party. This tort encompasses both libel and slander. To establish defamation, four key elements must be demonstrated: Presentation of a false statement as fact. Communication of the false statement to a third party. A level of […]

Contractual Liability Insurance

Contractual liability insurance (CLIP) is a crucial component often included in general liability coverage for small businesses. This insurance safeguards entrepreneurs from legal and financial risks associated with contractual agreements. In essence, a Contractual Liability Insurance Policy serves as protection when entering into contracts that impose legal and financial obligations. For instance, a lease agreement […]

Ecommerce Business Insurance Essentials

Ecommerce business insurance is a specialized type of coverage designed to protect online businesses from financial losses and liabilities associated with their digital operations. Like any business insurance, it acts as a protection against various risks in running an online store, helping you avoid significant monetary setbacks if something goes wrong. Do Ecommerce Businesses Need […]