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Insurance

Business interruption insurance

As a business owner, you may have heard of the term "business interruption insurance". This type of coverage provides reimbursement for lost profits and fixed expenses during the time your business is closed for restoration due to physical damage from a covered peril, such as a fire. Additionally, this insurance may also cover financial losses if civil authorities restrict access to your business premises after a disaster, preventing customers from reaching you. Keep in mind, the coverage may have a waiting period and can last for several weeks or longer, depending on your policy.

Per-cause deductible

A per-incident deductible is a fee that is charged for every new illness or accidental injury. This amount is paid by the insured party before their insurance coverage kicks...

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Mortgage insurance

Let's discuss a type of insurance that is specifically designed to cover the life of an individual who has taken out a mortgage. This form of insurance is known as decreasin...

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Hostile fire

A fire that breaks out beyond its designated boundaries is known as an external fire. This type of fire can be caused by various factors such as weather conditions, human ac...

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Insurable interest

Insurance is a vital concept in the world of finance, with legal principles that govern its application. One such principle is the requirement for an insured individual to d...

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