The What and How of Business Interruption Coverage

The importance of having business interruption coverage is emphasized by commercial insurance consultants everywhere, such as Risk & Insurance Consultants in Atlanta. But first and foremost, what exactly does business interruption coverage entail? Business interruption coverage reimburses insured customers for loss of income resulting directly from interruption of other businesses. The term “interruption” may refer to damage to or destruction of real[...]

Should I Be Co-Insured?

If you currently have a policy for property insurance, it will generally include a co-insurance clause. But what exactly is co-insurance, you might ask? Here is the answer from Risk & Insurance Consultants. Being co-insured requires those insured to bear insurance limits equal to, at minimum, a designated percentage of actual cash value of the property. This being so, if a[...]