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Fire-Damaged Cannabis Grower Loses $1.3 Million Business Income Loss Claim

Insurance Journal

million in claimed business income losses after a building fire damaged almost 1,000 of its marijuana plants and shuttered one of its “flowering” rooms. A cannabis growing company has lost its bid to have its insurer cover $1.3 A federal …

Damage 246
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Insurance Considerations When Expanding Your Business to a New Location

Mark Jackson Insurance Agency

Brick commercial office building by Binyamin Mellish Expanding your business to a new location is an exciting step toward growth, but it also introduces new risks. From property protection to liability coverage, ensuring your business insurance policies align with your expansion is critical.

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A Comprehensive Guide to Understanding Commercial Property Insurance

Protect Commercial Insurance

Types of Coverage Available Commercial property insurance usually provides several types of coverage, allowing businesses to tailor policies to their precise requirements: – Building Coverage : Protects the physical structure of your business, including fixtures and fittings.

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Does Builder’s Risk Coverage Differ for Residential vs. Commercial Construction Projects?

Distinguished

Project Type and Scale Residential construction typically involves building or renovating single-family homes , duplexes, or small multi-family units, while commercial projects are often larger in scale and can involve office buildings, retail spaces, multi-unit housing, or industrial facilities.

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What are the most important questions to ask when choosing business insurance?

Protect Commercial Insurance

Business Interruption Insurance : Compensates for lost income if your business operations halt due to a covered event. How does each type of coverage protect your business? – Inland Marine Insurance for transporting equipment and goods. – Product Liability Insurance if you manufacture products.