There are a number of risks associated with allowing your commercial insurance to lapse. Often times accidents may happen during the lapse in commercial insurance and business owners can have leverage working against them. Insurance companies are not obligated to offer back-dated insurance potentially leaving businesses exposed. If the insurance company does decide to honor the back-dated insurance, they may require a no loss letter, which guarantees that no one was injured, by the customer.

In addition to risk, there are

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With recent advances in both technology and the internet, even more people are running home-based businesses, full-time or part-time. But will your homeowner’s policy cover the risks of a home-based business? In nearly every case, the answer is no.

Exceptions exist, in the form of special endorsements, such as an endorsement to run a child-care operation from your home, yet fewer and fewer companies offer such endorsements. Even with a special endorsement, policies may give a very limited amount of coverage

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