Good Risk Manangement
“Having a plan, notifying employees in advance to work from home, incurring expenses to prepare … for what could happen … there’s no coverage for that. That’s good risk management.”
鈥擟hris Behymer, director of marketing for Markel’s west region, explaining that business income insurance does not cover expenses for supplies such as for plywood to board up store windows in preparation for a civil disturbance, or for loss of income when businesses close voluntarily and send employees home. Once the guilty of involuntary manslaughter verdict of former BART officer Johannes Mehserle was announced, Oakland, Calif., officials had to quell protests in the city.
Paying From Small Business’ Pocket
“As America struggles out of this current economic downturn, [ILR’s] study shows that our lawsuit system continues to be a drag on job-creating small businesses.”
鈥擨nstitute for Legal Reform President Lisa Rickard noting small businesses shoulder a sizable burden of the nation’s tort liability costs – $105.4 billion in 2008.
Was this article valuable?
Here are more articles you may enjoy.
Florida Mobile Home Insurance Market Still Struggling With Premiums, Coverage 
Three Sentenced in Bear-Suit Attacks Insurance Fraud Case 
Albertsons Reaches $774 Million Opioid Accord, Records Loss 
Verisk: Insurance Claims Volume Fell to 5-Year Low in 2025 From This Issue
