Understanding the Benefits of Business Interruption Coverage for Metal ManufacturingBy Mike RichardsonJune 2, 20170 comments What is Business Interruption Coverage for Metal Manufacturing? Business interruption coverage is designed to protect a business’ ability to earn money in the event of an insured loss. This type of insurance provides additional peace of mind in the event that the business is not ...
Brokers Specializing in Business Interruption Coverage for Metal FabricationBy Andrea SmithJune 2, 20170 comments What if a fire caused your metal fabrication business to temporarily shut down? What would you do next? Best case scenario: you would move to a temporary location, but traditional property insurance doesn’t cover this move or loss of income. According to a recent survey, Canadian ...
Understanding Business Interruption Coverage for Machines ShopsBy Andrea SmithJune 2, 20170 comments If you run a machine shop you have a lot of different risk factors to consider. Since your specialty is based on your equipment, having the right insurance in place is crucial. You might get by with basic insurance coverage, but this will leave you open to major risks. According ...
Business Interruption Coverage for Auto Parts is Best for Smooth OperationsBy Andrea SmithJune 2, 20170 comments Consider the impact on your business if your equipment fails. Your operations are interrupted right away. If you don’t have backup equipment, you may need to find alternate facilities or rent equipment which will increase your production costs. Keeping your customers waiting can ...
Minimize Risks with Bid Bonds for General ContractorsBy Andrea SmithJune 2, 20170 comments What is the Purpose of a Bid Bond? As a contractor, there will be a time where you will need to apply for a bid bond. A bid bond is a debt secured by a bidder for a construction job to guarantee the project owner that the bidder will take on the job if selected. This ...