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Have Your Business Insurance Policy Reviewed

Joseph Coupal - Wednesday, December 21, 2011

Give your business a gift this holiday season. The gift of a better comprehensive insurance policy. When was the last time you had your business insurance policy reviewed? It could be worth doing.

Every business should have an insurance policy custom-made to meet its needs. This is the advantage to using an insurance broker, we shop around. We can create a policy for your business that is the most economical way to insure your business while offering the best protection.  TriState Business Insurance teams with business owners within all industries to protect your business and your livelihood.

There is no cost or effort on your part to having your business policy reviewed. Simply call TriState Business Insurance and we’ll review your policy for you. If we can come up with a more efficient and comprehensive policy, we will, if not, either way is great for you and your business.

TriState Business Insurance designs custom business insurance solutions that provides business owners with both comprehensive and affordable business insurance coverage, contact us.  

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Irene Caused Less Damage than Expected, But Uninsured Damage is Big

Joseph Coupal - Thursday, September 01, 2011

The hurricane has passed; overall, damage was not as bad as expected. While many business owners dodged a bullet, others were not so lucky. Insured damage from Irene will range between $2 billion and $3 billion, and the total losses will likely be about $7 billion, according to preliminary estimates by Kinetic Analysis Corp. a consulting firm.

Both figures are less than had been feared, a bit of reassuring news for a fragile economy. However that is $4-5 million in uninsured loss; so the news isn’t that reassuring to the businesses who have to figure out how to cover that loss.
 
Also, the long-term costs of Irene will likely grow as storm-ravaged areas deal with lost business, insurance claims, dislocated workers and transportation disruptions. These costs will take months to fully calculate.

The preliminary estimate from Kinetic Analysis, based in Maryland, suggests that Irene will have caused far less insured damage than the $6 billion the industry paid out after Hurricane Isabel struck the East Coast in 2003.

Information from insurancenews.net

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