Is There Insurance That Protects a Business Owner From a Strike?

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Even if you are just a tiny bit of the news, you are probably up to date with the latest news on how politics affects a business. When an online business won a contract with the government to provide bedding items to Texas detention centers, no one would have imagined the upheaval?

Employees at the online furniture company have expressed their disapproval via a totally disruptive strike.

Notwithstanding that the decision to do business with the detention center was based on the business advantage of making a profit and instead of sleeping on the floor the children in the centers would get real mattresses and beds , employees of the company determined that the transaction would make a declaration of approval for the detention of illegals who were illegally attempting to cross the border.

The result of the strike is in no form or good for business and as the refusal of employees to return to work continues it is only getting worse.

But as worker strikes occur across many industries – from teachers, hotel workers and garbage collectors to nurses, aging homeworkers and other corporate employees – there is a common thread tied to it. the great diversity.

This can lead to considerable financial loss for the boss and his company.

And while there is a plethora of insurance products out there that actually protect the business owner, there is only one type of specialized coverage that can protect a business. of the devastation associated with a workers' strike.

This is called Strike Insurance.

A strike insurance policy can only be purchased separately from a business owner policy, as it is considered specialty coverage.

It is best to sit down with an insurance specialist to determine if your business would actually benefit from this type of coverage.

As far as protection is concerned, the police would cover financial losses associated with a continuous strike. If your business suffered the effects of an employee strike, you would be compensated for the daily loss of income and monetary damages associated with the walkout. Be aware, however, that police limits apply and a never-ending strike would not be subject to an infinite term of protection either.

To find out more about this type of special coverage, contact an experienced insurance agent who has the know-how and network of leading insurance companies to find the right solution for your business situation – at best. quote.


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