How Does Business Insurance Protect Against Lost Business Income

July 2, 2019 | 141 views

Accidents and misfortunes occur to most businesses at various times. When something occurs that leads to significant loss for your company, you may face hardships. Can you keep the doors open? Do you need to let go of employees?Some forms of business insurance provide protection from business income loss. There are limits, and not all policies offer the same protections. However, this type of business insurance could provide a very important resource for you to keep the business open. Here s more on how it works.

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Beam Dental

Beam Dental is a dental benefits company that offers employers a fundamentally unique approach to dental coverage by incorporating dental hygiene behavior into policy pricing while delivering world class support and service. All of Beam's plans also include Beam Perks, a biannual subscription service with an electric toothbrush, replacement heads, toothpaste, and floss. Beam makes it easy to find and access dental services with the tap of a finger from a broad, nationwide network of dentists. Learn more about how the company is re imagining dental care at www.beam.dental.

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Spotlight

Beam Dental

Beam Dental is a dental benefits company that offers employers a fundamentally unique approach to dental coverage by incorporating dental hygiene behavior into policy pricing while delivering world class support and service. All of Beam's plans also include Beam Perks, a biannual subscription service with an electric toothbrush, replacement heads, toothpaste, and floss. Beam makes it easy to find and access dental services with the tap of a finger from a broad, nationwide network of dentists. Learn more about how the company is re imagining dental care at www.beam.dental.

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inredisputesblog | May 21, 2019

Typically, a fire insurance policy pays a policyholder for the actual cash value or the replacement value of the property destroyed. But in 20 states, if there is a total loss, the amount the insurer must pay is equal to the value of the property at the time the insurance policy was issued. What happens if the policy covers a multi-building complex and one of the buildings is destroyed? The Eighth Circuit Court of Appeals recently addressed this issue. In Norwood-Redfield Apartments Limited Partnership v. American Family Mutual Ins. Co., No. 18-2618 (8th Cir. May 16, 2019)(Unpublished), the appeals court affirmed a judgment in favour of the insurance company denying the policyholder’s claim to recover the full value listed on the policy of an entire complex of buildings when only one of the buildings was destroyed. The policyholder sued its insurance carrier after a fire destroyed one of the buildings out of 32 in the complex. The insurance carrier paid nearly $3 million for the loss, but the policyholder wanted the policy limits of over $31 million.

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