Live Insurance News

Ukraine cargo insurance stopped as Russia abandons grain agreement

July 25, 2023July 24, 2023 H. Cutner

Coverage is no longer being offered for shipments from the country as Russia quit the UN-backed deal. A cargo insurance company providing Ukraine grain shipment coverage through a safe sea corridor has now been suspended following Russia’s exit from the agreement backed by the United Nations, according to broker Marsh. Moscow announced that it was stepping away from the grain deal that was established a year ago. The grain deal was made between Russia and the United Nations to help reduce the risk of creating hunger around the world by…

Insurance For Builders: Everything you Need to Know

July 4, 2023 Guest Author

Builders and property owners can face massive monetary losses if things go wrong during construction and they don’t have the relevant insurance. Builder’s risk insurance and Contractors’ All Risks (CAR) Insurance are insurance policies that cover construction project risks. This piece covers both in detail, so read on for more information. Builder’s Risk Insurance Builder’s risk insurance covers construction materials and property. New projects and renovation work both qualify for this policy. The insurance covers property under construction from events like vandalism, fire, etc. Construction projects fall into two categories…

Firearm policy removed by two Iowa schools risking insurance policy loss

July 4, 2023June 30, 2023 H. Cutner

The schools have reversed their plan to let staff members carry firearms as they would have lost coverage. Two schools in Iowa had planned to let their staff members carry firearms but have now reversed that decision because they risked losing their insurance policy. Letters have been sent to the parents of the students in the schools explaining the reversal to parents. The Spirit Lake and Cherokee Community School Districts issued letters to the parents of their students explaining why they have decided not to follow through with their original…

Does Business Insurance Cover Shop Shutters?

July 3, 2023 Guest Author

business shop shutters covered by insurance

Business insurance, also known as commercial insurance, is a broad term that covers a range of different insurance types designed to protect businesses against various risks. This may include property damage, legal liabilities, employee-related risks, and losses resulting from business interruption. As a business owner, understanding the specifics of your coverage is paramount in ensuring the safety and continuity of your enterprise. Cover for Shop Shutters under Property Insurance The most direct insurance type that can cover shop shutters is property insurance. Commercial property insurance is designed to cover the…

What Insurance Is Needed for a Food Truck in LA

June 26, 2023July 7, 2023 Guest Author

Operating a food truck business comes with its own unique set of risks and challenges. To protect your investment and ensure the long-term success of your venture, it’s crucial to have the right insurance coverage in place. In this article, we will explore the essential insurance policies that food truck owners in LA should consider to mitigate potential liabilities and safeguard their business. Types of Food Truck Insurance * Commercial Auto Insurance Since a food truck is a mobile business, it requires commercial auto insurance to protect both the vehicle…