Los Angeles business owners suffered heavy losses after the Palisades and Eaton fires. Some saw their buildings and inventory reduced to rubble, while others lost their customer bases as communities ...

Business interruption insurance policies can help when unforeseen events shut down operations. Learn how business interruption insurance works and what it covers.

Any time a natural disaster or man-made crisis strikes, businesses often must suspend operations or operate at reduced capacity for a time. Business interruption insurance can protect business owners ...

At the same time, policyholders should preserve evidence of damage wherever feasible. Components such as burst pipes, failed sprinkler heads or collapsed roofing materials may later become central to ...

In June, the United States Bureau of Labor and Statistics reported the national unemployment rate is 11.1 percent. While this is an improvement from the 13.3 percent unemployment rate in May, many ...

When COVID-19 first disrupted the global economy in March 2020, businesses in Pennsylvania and New Jersey—like their counterparts nationwide—turned to insurance as a possible safety net. Many ...

Business interruption insurance is designed to compensate businesses for income lost during periods when their normal operations are disrupted by events such as fire, flood, or civil unrest. The ...

Most business owners prepare for the visible risks like insuring the building, equipment, and even insure against lawsuits. What far fewer business owners plan for is what happens to the business ...

Often, forensic accountants face practical challenges when calculating business interruption (BI) losses. These issues have been highlighted by recent claims following COVID-19 and the 2024 storm in ...

A New Jersey manufacturing company found itself in a jam when a third-party plastic packing wrap supplier went down. “Without the wrap, my client could not ship out its own goods,” noted Bill ...

Today’s unpredictable business environment poses risks that could disrupt operations. Property insurance does not cover earnings losses caused by downtimes and expenses used to resolve them. For ...