Delaware Business Insurance Update from CNC Insurance Associates Inc. "Think Twice Before Signing Terrorism Coverage Rejections" 6-13-16

The horrific events in Orlando emphasize a second look at your insurance coverage. Small business owners do not have coverage for terrorism events. However each renewal cycle, you as the business owner, have the option to buy or reject the coverage which is underwritten by the Federal Government.  Since September 9/11 this coverage has been available but most business owners will sign the rejection form to save premium. Unfortunately, today and going forward this coverage is going to be needed as we face the growing threat of terrorism in our country. For small business owners you can purchase terrorism coverage for your property, liability and work comp. The cost of the coverage will vary depending on values, limits, and exposure. Make sure you have a conversation with your insurance professional about how to protect your business from terrorism. Until next time be careful out there and know your risks.


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

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