NAS Insurance Services introduced a new regulatory business shutdown expense insurance that provides businesses with extra expense protection if they are shutdown by a regulatory agency such as a health or police department.
The coverage, which is available nationwide, includes terrorism, communicable disease, contagion, infestation, fungus, and others. The insurance covers up to $50,000 per day per location $1 million aggregate. The insurance also includes a sub-limit for contesting the regulatory shutdown. The minimum premium is $500.
Source: NAS Insurance Services, www.nasinsurance.com
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