The Lower New York Insurance Blog

Introduction:
Recently, there is much talk in the news about regulating the insurance industry at the federal level. This recent activity has been sparked by the current credit card account defaults, bank closures and financial institution failures. The AIG situation and this past fall financial melt-down has also pushed the consideration for federal regulation. Although AIG’s [...]

Recently, (December 5th) The Hartford held a New York Investment Meeting which reported a strong financial balance sheet. Although, it is apparent from their news release summary for this meeting that the insurance company does not require TARP funding, The Hartford several months ago applied for the funding. Possibly, …

The orders from civil authority that prevents access (egress/ingress) to the policyholders place of business are conditions for business interruption and with the proper policy provisions you can be covered for the resultant loss of income.
The actions of civil authorities, such as fire departments and police departments, may require a business to shut down, usually [...]

Business Interruption Coverage protects against loss of business income due to a peril causing damage to the premise where your business operates. Business interruption coverage is not sold separately. It is added to a property insurance policy or included in a package policy.
Business interruption insurance compensates you for lost income if your company has to [...]