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Everything to Know About Business Insurance and Riot Coverage

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NEW YORK - eTradeWire -- AdvisorSmith, the specialist in small business and insurance research, released an article today illuminating how business insurance can help small businesses with riot coverage.

With mass protests happening all over the country due to the death of George Floyd, both large retail stores and small businesses have suffered from property damage due to a few individuals more focused on destruction than protesting the injustices many in this country face.

In situations like these, business insurance helps to protect these businesses from financial losses from specified disasters or accidents when they occur. These losses can result from fires, vandalism, looting, and more. Companies that are facing losses, property damage, or interruption of their business, and who do not have business insurance need to pay out-of-pocket expenses, which can cause serious financial problems.

AdvisorSmith highlights the types of insurance coverage for these types of damages and the types of claims which may be covered by business insurance policies. Some of the information that was explained are:

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• Why business insurance does cover property damage or losses from riots.
• How commercial property insurance covers damage to buildings from vandalism and looting.
• What to do if a business was damaged, destroyed, or looted.

"Business owners whose stores have been vandalized, looted, or damaged from rioting should know that their commercial property insurance policies will most likely cover their financial losses," said Adrian Mak, CEO of AdvisorSmith.

To view the original study and learn more, visit: https://advisorsmith.com/does-business-insurance-cover-riots-looting-or-vandalism/

AdvisorSmith is a leading information resource for small business owners. AdvisorSmith empowers small businesses with original research and insights into trends to help them succeed. For more information, go to https://advisorsmith.com or follow us on Twitter @AdvisorSmithInc.

Brenda Franco

Source: AdvisorSmith
Filed Under: Business

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