As lawmakers finalize relief bills to stimulate a staggering economy, many business owners have looked for answers to avoid laying off employees as government mandated shutdowns have swept the nation. The common questions that has resonated with our clients: Does my insurance cover the coronavirus?
Business Interruption Insurance, also know as Business Income Insurance, pays for the actual loss of business income that you sustain due to the suspension of your business operations from a covered physical loss on your business insurance policy. This could include a storm, fire, or even a large theft if covered on your policy. When a business is unable to open due to a disaster, there is no revenue generated to pay rent, utilities, and other operating expenses that would still be required. This is where Business income applies. This coverage will reimburse you for lost income, extra expenses, and operating expenses during the period of restoration. In fact, it will even cover payroll for qualified employees so that you don’t lose your staff during an extended closure.
Cyber Liability Insurance: Why Your Business Needs It According to AI To demonstrate the power of technology, this entire blog was written by Artificial Intelligence. Thats right, not a single word was typed by a Moore Resources Staffer, or a human for that matter. If AI can write…
Go Brian Go! We are extremely excited to announce the partnership between Moore Resources Insurance and Brian Battie. Brian Battie is an accomplished Running Back at the University of South Florida. Last year Brian was named a 2021 NCAA Consensus All-American. After his impressive freshman year, among all…
A Sneak Peek into Our Annuity Products In a volatile economic environment, fixed annuities are a great way to protect your income while still growing your wealth. We wanted to highlight two of the Annuity Products that we offer through one of our carriers, Auto-Owners Insurance. Discount: With…
Buccaneers Final Roster Reactions We are eleven days from NFL kickoff, and our Tampa Bay Buccaneers have set their initial 53-man roster. It has been a rollercoaster of an offseason. Bucs fans have endured trades, retirements, unretirements, and injuries. But the season is finally back and the…
