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Insurance Considerations When Expanding Your Business to a New Location

Mark Jackson Insurance Agency

Additionally, some commercial leases require tenants to carry specific insurance policies, such as liability coverage or business interruption insurance. Carefully reviewing lease agreements and local regulations will help ensure your business is properly insured. Each business location presents different liability risks.

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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 …

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Strike’s Duration Will Determine Impact on P/C Insurance Industry

Triple-I: Business Insurance

Another way the insurance industry would be affected is from losses from coverage protecting against adverse business costs of events, such as strikes. These coverages include, but are not limited to, business interruption, political risk, credit, supply-chain insurance, and some marine and cargo.

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Chicago Transit Faces ‘Doomsday Scenario,’ Regional Agency Says

Insurance Journal

The “doomsday scenario” for the future of Chicago’s transit system is coming into sharp focus: a $770 million budget deficit threatens thousands of jobs, sweeping service cuts and a crater in the local economy if a financial fix isn’t found …

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

Distinguished

In some cases, commercial projects may require additional coverage, such as loss of rental income, business interruption costs, and extra expenses if the completion of the project is delayed. Commercial construction can also involve higher total insurable value (TIV) and more complex coverage needs.

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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.