Stay updated with breaking news from Insured Perils. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Clearly the rains have set in and the negative effects on business operations cannot be underestimated. Regardless of whatever preventive measures that might be put in place, some businesses may still suffer a setback as their operations come to a halt temporarily due to flooding or fire affecting their business premises thus denying their customers access to their services, etc.
Mar.15.2021 Courts Dismiss COVID-19 Business Interruption Claims On March 8, 2021, the district court for the Southern District of California granted Travelers Property Casualty Company of America’s motion to dismiss a flower importer and distributor’s COVID-19 extra expense claim. The court found that the policy’s Acts or Decisions Exclusion which “bars coverage for property damage, loss, and expense that is caused by or results from any decision, act or failure to act or decide, by…any ‘governmental body,’” unambiguously excluded coverage. See Order at 13. Because Tra...
A premium and customisable option Receive up to $60 in e-vouchers when you sign up for a new Sompo HomeBliss policy. Valid till Dec 24, 2020. T&Cs apply. HL Assurance Home Protect360 1. AXA SmartHome Essential: High value coverage for reasonable costs AXA’s SmartHome insurance is ideal if you are looking for a high value coverage for a reasonable price. While there are different options depending on whether you are an owner-occupier, landlord, or tenant, this general rating still applies. For instance, building/renovation coverage can reach as high as $500,000 for HDB owners and $1.5 mil...