The Risks for Businesses As We Emerge from Pandemic

Posted on: June 9th, 2021 by Leaders' Choice Staff No Comments

As the economy starts waking up from the ravages of the COVID-19 pandemic and more companies rehire workers or bring them back to the workplace, businesses will be faced with a number of risks that they may not have had to contend with in the past. That’s the conclusion of a new report, “New Emerging […]

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Supply Chain Disruption Lessons from Pandemic

Posted on: February 17th, 2021 by Leaders' Choice Staff No Comments

Besides the health and economic devastation that the COVID-19 pandemic has left in its wake, it has also caused supply chain disruptions that have affected a number of industries. The fallout for companies of all types illustrates the fragility of most businesses’ supply chains. The pandemic has left retailers with half-empty shelf space because product […]

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Courts Rule COVID-19 Business Interruption Claims Invalid

Posted on: August 19th, 2020 by Leaders' Choice Staff No Comments

As second court has ruled that an insurer does not have to pay business interruption claims by businesses that saw their revenues run dry due to the COVID-19 pandemic, which will further make it difficult for business to successfully file such claims. In the most recent case, a Superior Court judge in the District of […]

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What Business Insurance Policies Cover Rioting, Looting

Posted on: June 4th, 2020 by Leaders' Choice Staff No Comments

As protests around the country descended into rioting and civil unrest, many businesses that have been looted, or seen their shops damaged or completely destroyed, will obviously be turning to their insurance to file a claim. While many companies were unsuccessful in filing business interruption claims for the COVID-19 crisis, claims for damage and theft […]

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Coverage Disputes Over Online Attacks Grow

Posted on: February 26th, 2020 by Leaders' Choice Staff No Comments

A federal court has ruled that an insurer’s professional liability policy must pay out $6 million for a company’s losses from a business e-mail compromise scam, even though the business lacked cyber coverage. The ruling is part of a growing trend of businesses that haven’t purchased cyber insurance seeking coverage for cyber-related losses from other […]

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Struggling for Survival: Businesses That Went Thin on Insurance

Posted on: November 28th, 2019 by Leaders' Choice Staff No Comments

Imagine several small businesses located around the country. Each is well-established and profitable. Each of them bought business insurance – property, liability, automobile and workers’ compensation. They told their agents they wanted the lowest possible price for coverage, and the agents came through. But they didn’t also take their agents’ recommendations to purchase additional coverage. […]

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Property Coverage for Businesses with Changing Needs

Posted on: May 15th, 2019 by Leaders' Choice Staff No Comments

Some businesses have very stable property insurance needs as the value of their non-building assets, equipment and inventory doesn’t vary much during the year. Other types of business experience wide variations in the value of their property. Florists tend to carry more stock around Valentine’s Day and Mothers’ Day than they do on most days […]

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