Select Page
Sewer or drain back up

Sewer or drain back up

Has your client’s property had water damage claims over the years that have affected their premiums and overall deductibles? According to a leading insurer’s claims data, water or liquid damage is a leading cause of commercial property loss from a frequency/severity...
Writing Business Income Coverage

Writing Business Income Coverage

Business Income coverage (sometimes referred to as “Business Interruption coverage,” meaning Net Income and Continuing Normal Operating Expenses, including payroll), is protection against loss of income or profits, in which a business has suffered a property loss or...
Peace of mind = extended period of indemnity

Peace of mind = extended period of indemnity

Businesses suffering damages due to a disaster (i.e., fire, quake, water loss) often take an enormous hit to their customer clientele – and their bottom line. A typical business interruption policy form provides the insurer will pay the actual loss of business income...
Getting it right: Market Value vs Replacement Cost

Getting it right: Market Value vs Replacement Cost

To get the right commercial property insurance, your client needs to make sure they understand the components of the coverage, and one of the most basic — and frequently misunderstood – concepts is around market value vs replacement cost. Valuation basics The...
Shake, Rattle and Roll

Shake, Rattle and Roll

With the vigorous shaking in Southern California over the past few days, including the mid-morning, main event Fourth of July quake (6.4), and a stronger, magnitude 7.1 aftershock the evening of July 5, it’s a good time to review your client’s insurance coverages for...
© 2019. Novita Insurance Solutions, California License # 0E08365.