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Lightning-related fires behind as much as 5% of commercial property claims
By Steve HalloCumulatively, lightning-related fires account for $2 billion in annual payouts to small- and medium-sized businesses.
News and information for property & casualty insurance agents and brokers on commercial lines insurance, including commercial property, D&O, E&O, Environmental, construction, employee practices liability, EPLI, business owners’ policy (BOP), general liability, crime, business interruption, cyber, equipment breakdown insurance, workers’ compensation, employee benefits, small business insurance, medical malpractice, fire and flood coverage, among other important types of coverage.
Cumulatively, lightning-related fires account for $2 billion in annual payouts to small- and medium-sized businesses.