Delaware Business Insurance Update by CNC Insurance Associates Inc. " The Untold Story Of The Unrest in Missouri, Insurance ! " 11-27-14

The media coverage of the rioting and civil unrest in Ferguson Missouri, showed damage beyond imagination. Small businesses were looted, burned, and destroyed by protestors. This event is an ongoing problem for the business owners in the town. Rebuilding and getting back to normal will take a long time and will depend on insurance.  Commercial insurance policies will pay for the damage and also for many, the loss of  business income. Long term insurance issues could be down the road however. Once insurance companies pay millions of dollars of claims in Ferguson, the insurance industry then has to decide if they are going to continue to make insurance available for the town. Also underwriting standards and criteria may make rates skyrocket.  The insurance industry will have to evaluate if the town is still a high risk for future damage & losses. This will determine if Ferguson business owners will have adequate and affordable insurance down the road.  Let's hope that they will. Until next time be careful out there and know your risks.

By G. Kevin Nemith, President CNC Insurance Assoc. & The Small Business Insurance Center
Serving DE, PA, NJ, VA, & NJ
www.cncinsurance.com
www.bizinsurancetv.org


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