| There is no denying the fact that success
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| | terrorist attacks are not covered in the
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| of a business depends on the hard work of
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| | business insurance.
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| the team but one disaster can wipe out
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| | Protection Against Flood Damage
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| your efforts and bring down the profits
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| | If your office is in the flood zone area,
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| to dust. So, to avoid such an instance,
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| | you must definitely go for a policy,
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| you need to insure your business, whether
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| | which provide coverage against flood. Try
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| it is a small enterprise or a large
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| | to find out whether the place had been
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| corporation.
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| | hit by flood in the past. Make sure you
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| There are insurance companies, which have
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| | do something in advance to make up for
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| policies that combine protection for all
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| | the loss. Otherwise you may face trouble.
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| major property and liability risks in one
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| | Protection Against Earthquake Damage
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| package. You can also opt for separate
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| | Earthquake is also not included in most
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| coverage. Such a policy is called a
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| | property insurance policies such as
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| business owners’ policy (BOP).
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| | homeowners and business owners’
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| Larger companies may purchase a
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| | package policies. Special Earthquake
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| commercial package policy.
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| | Insurance Policy or Commercial Property
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| BOPs include property insurance for
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| | Earthquake Endorsement can cover you if
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| buildings and equipments owned by the
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| | you live in an earthquake-prone area.
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| company. If there is any loss of income
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| | However, earthquake policies have
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| due to disruption of operation and
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| | different deductibles.
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| business because of accidents like fire,
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| | Business Interruption Insurance, which
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| it can be covered under the Business
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| | reimburses you for the lost income during
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| Interruption Insurance.
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| | a shutdown, applies only to the damage
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| There are liabilities, which cover the
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| | covered under your business property
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| company's legal responsibility for the
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| | insurance policy. There won’t be
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| harm it may cause to others. It is the
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| | reimbursement for the loss caused due to
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| result of your company’s failure
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| | the closure of business because of the
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| to do the business operations. It can
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| | earthquake. For it, you must have an
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| also be the bodily injury or property
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| | earthquake coverage policy.
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| damage caused due to defective products,
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| | Protection Against Terrorist Attack
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| faulty installations and errors in
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| | Losses
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| services provided.
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| | In the US, loss due to any terrorism is
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| However, BOPs don’t cover
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| | covered only for those businesses that
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| professional liability, auto insurance,
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| | have optional terrorism coverage. It
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| worker’s compensation or health
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| | comes under the Terrorism Risk Insurance
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| and disability insurance. Separate
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| | Act 2002. Still, there are exceptions in
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| policies are needed for professional
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| | workers’ compensation, which
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| services, vehicles and employees.
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| | include injuries and deaths due to acts
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| Generally, floods, earthquakes and
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| | of terrorism.
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