Business Insurance Archives - Knight Magee Insurance

Category Archives: Business Insurance

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Damage to Property from Riots or Civil Disorders

DAMAGE TO PROPERTY
FROM RIOTS OR CIVIL DISORDERS

People are human beings with so much more uniting us than dividing us. People have human personalities. As Martin Luther King once said: “When we value the human personality, we won't kill anybody.” He also said: “Injustice anywhere is a threat to justice everywhere. I have decided to stick with love; hate is too great a burden to bear.”

Many of our clients are concerned about damage to their property from the recent protests that have led to riots or civil disorders. Unfortunately, sometimes even a harmless gathering can turn into looting, vandalism, and fires leading to thousands of dollars in damage. There are coverages available to protect homes, businesses, and vehicles from most forms of civil commotion. It is automatically part of your personal auto or home insurance and depending on the selections made under your business insurance may also be included.

Auto Insurance:
Damage to cars would be covered under optional comprehensive coverage on your auto policy. Comprehensive provides coverage for damage to your vehicle caused by fire, falling objects, vandalism, or riot. If you do not carry separate glass coverage, damage to your windshield if shattered or cracked also falls under comprehensive.

Homeowners Insurance:
A standard homeowner’s policy will provide coverage for damage to property caused by fire, explosion, vandalism, malicious mischief, and riot or civil commotion. This includes both damage to personal property and damage to the structure.
Additional living expense provides coverage if you cannot live at your home while it undergoes repairs from a covered loss.

Business Insurance:
For those who own and insure their building under a Business Owners Policy (aka BOP), there is coverage for losses caused by fire, riots, civil commotion or vandalism. However, coverage for glass windows is often sold separately.

For those who carry business personal property coverage, business personal property would also be covered, as well as loss of income (aka business interruption) for those forced to suspend operations due to a direct physical loss at the premises.

A “civil authority provision” in a business policy provides coverage for lost income and extra expenses in the event the police or fire department bars access to a specific area as a result of the danger caused by a riot or civil commotion.

Please contact us if you have any questions regarding the coverage or benefits of your policy. We are here to help however we can!


Business Insurance - Knight Magee Insurance

Time to Review Your Business Insurance

Your operation is constantly changing and evolving as you find new ways to grow your business. That’s why it is a good practice to review your insurance annually to identify potential coverage gaps or adjustments to limits that can help assure adequate protection for your business.

Please take a few minutes to review the questions below to help you identify any changes needed to your business insurance coverage.

General Information

  • Have you made any changes to your business operation(s)?
  • Have you moved your business location(s) or changed your business mailing address?
  • Has there been an increase or decrease in your company’s sales?
  • Do you have additional certificate requirements or need to update certificate holder list?

Property

  • Have you made improvements or changes to your existing location(s)?
  • Have you purchased or sold any buildings?
  • Have you purchased, sold or replaced property (e.g., computer equipment, tools, etc)?

Workers’ Compensation

  • Have there been any changes in your staffing that could increase or decrease payrolls?

Automobile

  • Have you purchased, sold or replaced any vehicles used for company business?

Other Insurance Considerations

  • Has your business expanded overseas? If yes, consider International coverage.
  • Do you store customer or employee data, including private information (social security numbers, credit or debit card numbers?) If yes, consider Data Breach Liability coverage.
  • Are you concerned about being sued by employees for harassment, discrimination or wrongful termination? If yes, consider higher limits for Employment Practice Liability.

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