Innovative Business Interruption Insurance Provides Income Protection Without Physical Loss
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"Our groundbreaking P.A.I.D. insurance program will be a distinct game-changer in the industry, the likes of which have not been seen since the advent of D&O and cyber policies," said
"The P.A.I.D. product is yet another timely example of the innovative solutions from Burns & Wilcox Brokerage that protects the bottom line of the insured," said
Traditional business interruption policies require physical property damage, such as a fire or windstorm, before a business can recover lost income. With turmoil occurring throughout the world from Ebola, political unrest leading to riots, mass shootings, food borne illness, natural catastrophes, and numerous other factors, businesses can sustain significant losses without experiencing any property damage. Lockton's P.A.I.D insurance program responds to all of these challenges.
"We've also made it easy for companies to provide their program submission with just four items: a completed P.A.I.D. application, a statement of values, a five-year property claims listing, and a copy of their current master property policy," explained Mitilier. "It's a simple submission that enables us to begin solving complex challenges."
Companies interested in solving their business interruption problems through Lockton's P.A.I.D. program can reach Mitilier at (949) 252-4424 or [email protected], or Bull at (646)-571-2353 or [email protected] for more information and to begin the submission process.
About Lockton
More than 5,300 professionals at Lockton provide 41,000 clients around the world with risk management, insurance, and employee benefits consulting services that improve their businesses. From its founding in 1966 in
About Burns & Wilcox Brokerage
Burns & Wilcox Brokerage is a distinct business unit of The
Founded in 1969 and headquartered in Detroit/
The description here is informational only, does not confer any rights or extend coverage and should not be relied upon as evidence of coverage or evidence of the terms, conditions or scope of coverage. The coverage afforded by any policy is subject to all the terms, conditions and exclusions of the insurance policy.
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SOURCE Lockton
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