“Catastrophe” in the property insurance industry denotes a severe natural or man-made disaster that is unusually severe. In the insurance industry, an event is designated a catastrophe when claims reach at least $25 million. But an event doesn’t have to…
Tag: Endorsements or Riders to Commercial Property Coverage
The Reschini Blog: Know What Your Equipment Is Worth
Life Happens: Business Interruption Coverage
When one thinks of “standard” insurance, it’s for damage or loss of property. Furniture destroyed by a fire, stolen equipment, building damage from a violent storm. You buy this insurance to help recoup the cost of rebuilding or replacing that…