The COVID-19 pandemic is just the latest culprit of increased business insurance premiums. Other recent events including extreme weather and diminishing capacity have also contributed to tightening or “hardening” in the insurance industry. As premiums continue to rise, businesses need to keep an eye on their coverage and their deductibles, or they might wind up…
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COVID-19 Pandemic vs. Business Income Insurance
Business Income Insurance – also referred to as Business Interruption Coverage – is a lifeline for many businesses impacted by the coronavirus pandemic. During the government lockdown, revenue for all “essential” businesses continued, however, countless non-essential businesses suffered from diminished, and in some cases, evaporated streams of income. What Is Business Income Insurance? The definition…
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Insurance Payments Deferred During COVID-19 Pandemic
When the lockdowns started and everyone was working from home, many insurance companies stepped up with options to ease the stress. Some insurance companies offered deferred premium payments for April and May. The deferments were an attempt to help business lower their expenses during the height of the pandemic when most businesses were hit the…
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Working from Home – Forever
As the stay-at-home restrictions begin to lift, it is obvious that many office environments and workplaces will not return to the way they were. A recent Gartner survey of 229 HR leaders and additional analysis revealed that “41% of employees are likely to work remotely at least some of the time.” Forbes reported that an…
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