Indirect income loss from assemblers, shock loss from dropped boxes, or shipping loss even with F.O.B.: understand what the potential problems and solutions are.
Guest article by Gustav Widmayer – Let’s face it, when the winds die down, no company has any business braving the high seas. So, what should you do when bookings are scarce, billings are down, and backlogs are depleted? This captain is scouring his ship from stem to stern.
Technology manufacturing is the backbone of our New England economy. Our Massachusetts manufacturers have long exported nearly 1/3 of our technology products, making Massachusetts an important part of the global economy. Risks of the international marketplace naturally follow.
Your losses may not be covered. One lesson often learned very painfully is loss of property stored somewhere other than at your office premises.
A word on possible exclusions to your policy. You have been reading in the press about insurers difficulties with terrorism.
The peril of a $70 billion loss to a $300 billion industry has made insurers wary. That, exacerbated by an only slightly hardening…
As an editorial observation by this author looking back over 30 years of professional work in technology, I am compelled to draw some provocative conclusions. In the old days, when we re-wired boards to run IBM 80-column cards, we’d call Chris when things got tangled up.
In the wake of September 11th’s tragedies, insurers are quietly making good on their annual promises to pay losses. Interestingly, all policies exclude war related losses in a very broad way. However, America’s insurers are stepping up to the plate in the biggest way they ever have, declaring these losses as “terrorist acts” and not excluding coverage. Does that affect you? Absolutely!
Equipment Maintenance agreements are a major expense to every business and very profitable to manufacturers and venders. Experts generally agree that equipment maintenance contracts are mandatory for a smoothly running office.
In economically troubled times business risks take on increased weight. You need to understand what risk you can transfer and what risk you cannot.
Off Premises Property – Your losses may not be covered