El Niño is Coming: Are You Prepared with an Insurance Claim?

09/19/2017

The hurricane season might come stronger than ever—or not.

According to meteorologists, the start of the season may face drastic changes due to the presence of El Niño. CBS Miami reported that the development of El Niño (the warming of Pacific waters) could lower the number of hurricanes but result in a stormy winter season.

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Business Interruption Insurance

04/03/2017

Business interruption insurance covers your actual business from the loss or damage to your income due to a loss at your business. Business interruption insurance is best explained with an example.
Sue and Mike own an ice cream shop in a leased space downtown. The income is generated through take out treats as well as some sit down business at their location. They have several freezers for storage and service, a storage area for paper goods, restrooms, and small retail area for their customers. The shop averages $700 a day and monthly income is about $21,000 in revenue. The shop nets about $1500 a month not including salaries paid to both Mary and Bob who both there together.

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