Business Disruption/Bio-Terrorism
Nuts & Bolts: Venture Programs Inc. introduced a new type of business insurance coverage that protects against the loss of income due to terrorist-related Anthrax attack and other airborne diseases. The Airborne Disease Coverage supplements actual loss of income sustained as a result of closure of an insured hospitality business by order of the State Health Authority or the Center for Disease Control (CDC) due to Anthrax, Legionnaire’s Disease or Radon Gas. Venture Programs is first introducing the product within the country club and golf industries through its Preferred Club Program with plans to extend coverage throughout the entire hospitality industry as part of its Venture’s Preferred Hospitality Program.
Carrier: A well-known London-based carrier.
States Available: Available on a non-admitted basis in all states except Illinois where it is offered on an admitted basis.
Contact: Dave Callaghan, (800) 282-6247228, marketing@ventureprograms.com
- Report: Auto Insurance Total Loss Frequency Climbs, More Drivers Pay Repairs
- World’s Largest Retirement Community Set to Borrow $180 Million for More Homes
- EU Cyber Agency Warns Websites May Go Dark as PHP Prepares Critical Fix
- How Federal Ban on Intoxicating Hemp Products Will Reshape Risk, Coverage