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What is the increased cost of working?
January 22, 2025
1:32 PM
- How can businesses determine the appropriate coverage amount for their Property All Risk insurance?
- What is property All Risk insurance, and how does it differ from standard property insurance?
- What types of risks are typically covered by Property All Risk insurance?
- Are natural disasters included in Property All Risk insurance coverage?
- What major exclusions should be aware of in Property All Risk insurance policies?
Increased Cost of Working (ICOW) is a type of business interruption insurance that covers the additional expenses a business incurs to continue operating after a loss or damage that disrupts normal business operations. This insurance helps cover costs like temporary rent, additional staffing, or expedited repairs to get the business back up and running.
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