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Paying the Bills After the Storm

Paying the Bills After the Storm

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Quick Overview

What's harder on a business? The roof blows off (or burns off) or the lost income for the three months it takes to replace it?

Cash is the life of a business and when there's a property loss, the business often can't operate properly to generate income. That's where Business Income coverage comes in. Join us as Patrick Wraight brings us a session on the basics of Business Income coverage.


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Duration 1 hour
Location Online Webinar
Formats On-Demand
Instructor Patrick WraightPatrick Wraight

First comes a storm or a fire that damages the insured's building. That's where the building and personal property coverage form kicks in to get that building repaired and get the business back up and running.

But what about the money they couldn't make while the doors were closed?

That's the realm of the Business Income coverage form. In this session, we will discuss the Business Income and Extra Expense coverage form, what it is for, and how it can help the insured to stay in business while they are waiting on the building repairs.

By the end of this session, participants should be able to:

  • Recognize the insured's need for Business Income coverage.
  • Determine the losses that the Business Income and Extra Expense coverage form covers.
  • Analyze the coinsurance requirement and how an insured might avoid having to deal with it.
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