Most American’s have not seen a health emergency at this level in their lifetime. In fact, the last time anything comparable happened in the United States was in 1918. Many businesses did not expect the sudden crash to their clientele and to say most were unprepared is an understatement. After all, we know to prepare for storms, floods, even power outages in those cold winter months, but not a global pandemic that shut down much of the economy. At Martin Insurance Team we have been there for our clients through this new form of a storm, and we will continue to help businesses’ thrive in and around Evergreen Park, IL. Now may be a good time to ask yourself if your commercial insurance is enough right now, and how can you improve it to protect yourself if this particular event ever happens again. <\/p>\n
Business Interruption Insurance May Not Cover Virus and Pandemic Closures.<\/strong> <\/p>\n Many business owners across Colorado are discovering that their business interruption insurance does not include, or specifically excludes loss or closure due to a virus or pandemic. The reasons vary but the main one is that pandemic coverage is rarely underwritten, or considered when purchasing commercial insurance. <\/p>\n Colorado Division of Insurance spokesman Vince Plymell stated that “This particular insurance coverage is being discussed in all states right now, as well as at the Federal level”. We are all navigating these new waters carefully and pandemic specific insurance will likely be a clear add on in future policies. <\/p>\n Contact us at Martin Insurance Team to learn more about the exact coverage you need to protect your commercial assets in a pandemic, flood, storm, or other occurrences. We are also happy to discuss your current policy and find out if your commercial insurance will be enough. As we recover from this pandemic there will likely be changed to the wording of policies to clearly include or exclude events such as these. We serve Evergreen Park, IL. <\/p>\n <\/p>\n","protected":false},"excerpt":{"rendered":" Most American’s have not seen a health emergency at this level in their lifetime. In fact, the last time anything comparable happened in the United States was in 1918. Many businesses did not expect the sudden crash to their clientele and to say most were unprepared is an understatement. After all, we know to prepare […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[36,34],"class_list":["post-300","post","type-post","status-publish","format-standard","hentry","category-commercial-insurance","tag-evergreen-park-il","tag-martin-insurance-team"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t