Over the past week, protests against racial inequality have been held in dozens of cities across the U.S. While most saw large and peaceful assemblies, some—such as Los Angeles, D.C., New York City, and Minneapolis—included looting, arson, and other property destruction from a small number of participants. For many businesses, this vandalism follows months of… Continue reading Is Looting Insured?
Tag: business income
Insurers Say Riot Damage is Covered under Most Insurance Policies for Businesses
Fraser Ross, owner of the popular Los Angeles boutique retailer Kitson, has boarded up his three stores. The once-thriving business is one of so many retailers experiencing the fallout from the riots and civil unrest that has ravaged the U.S. in recent days. On the heels of the coronavirus outbreak and widespread business closures, now… Continue reading Insurers Say Riot Damage is Covered under Most Insurance Policies for Businesses
Ohio, Mass. Bills Join NJ in Aiming to Expand Companies’ Virus Coverage
Lawmakers in Ohio and Massachusetts have proposed bills that would retroactively expand business interruption insurance policies to cover companies’ losses attributable to the outbreak of the novel coronavirus, following on the heels of New Jersey legislators’ recent introduction of a similar proposal. On Tuesday, Ohio state Reps. Jeffrey Crossman and John M. Rogers, both Democrats,… Continue reading Ohio, Mass. Bills Join NJ in Aiming to Expand Companies’ Virus Coverage