What is Loss of Business Income and Extra Expense Coverage?

Loss of Business Income Coverage By itself, Loss of Business Income Coverage provides protection from financial losses incurred by a farmer as a result of the occurrence of another covered cause of loss. It is not protection against changes in markets, commodity prices, or other economical variations that affect the cash flow and net income of the farm operation. Extra Expense Coverage Extra Expense Coverage provides a farmer with a claim payment when, due to a covered cause of loss, they incur additional expenses to keep their operations going during a loss. It will also provide assistance when restarting said operations after a covered cause of loss causes them to experience additional costs.

Insurance Information Blog | Ruhl Insurance

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Understanding Workers Comp E-Mods

September 26, 2019

An Experience Modification Factor or “E-Mod” can affect your insurance. Here are some basics to know for understanding workers comp e-mods:

7 Factors That Affect the Cost of Horse Mortality Insurance

September 19, 2019

Each situation is different & the total cost will vary. Here are several factors that affect the cost of horse mortality insurance:

What is Product Liability Insurance?

September 12, 2019

Product Liability Insurance is often overlooked by business owners, but it is often necessary. Here’s what you need to know:

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6 Times You Should Consider Shopping for Car Insurance

September 5, 2019

There are several times it may benefit you to check available options. Here are a few times you should consider shopping for car insurance:

4 Ways to Insure Your Seasonal or Recreational Property

August 29, 2019

The best way to insure a seasonal property depends on your situation. Here are a few ways to insure your seasonal or recreational property:

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How Farmers Can Avoid Frivolous Liability Claims

August 22, 2019

Farmers can use common-sense measures to help curtail problems. Here are a few tips for how farmers can avoid frivolous liability claims:

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3 Reasons Why Startups Need Cyber Liability Coverage

August 15, 2019

Cyber Liability is often overlooked, which leaves your business at risk. Here are a few reasons why startups need Cyber Liability Coverage:

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5 Common Risk Exposures for Startup Businesses

August 8, 2019

It’s important to properly define your business’s risk exposure. Here are a few common risk exposures for startup businesses to consider:

Loss of Business Income and Extra Expense Coverage: The Insurance Coverage Farmers are Forgetting

July 25, 2019

Loss of Business Income and Extra Expense Coverage are important coverages that should be on the radar of many farmers. Here’s why:

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How to Choose a Homeowner’s Insurance Policy for the First Time

July 17, 2019

Buying a home means a lot of paperwork. Here are a few things home buyers can do to choose a homeowner’s insurance policy for the first time:

What is a Business Owner’s Policy?

July 11, 2019

What is a Business Owner’s Policy? Here are some key features of a BOP that help make it one of the best “deals” in the world of insurance:

Do You Need Liquor Liability Insurance?

July 4, 2019

Do you need liquor liability insurance? If you sell, furnish, or serve alcohol, the answer is yes. Here’s what you need to know: