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Is there an insurance that protects an employer from a strike?

Even if you only have a little knowledge of the news, you are probably aware of breaking news about how politics is affecting a business. When an online company won a government contract to supply bedding to detention centers in Texas, would anyone have imagined the upheaval?

Employees of the online furniture business expressed their disapproval through a completely disruptive strike.

Despite the fact that the decision to do business with the detention center was based on the commercial advantage of making a profit and that instead of sleeping on the floor, the children in the centers would get real mattresses and beds, company employees determined that the transaction would be to make a statement of approval to stop those illegals trying to cross the border illegally.

The outcome of the strike is not good for business, and as the refusal of employees to return to work continues, it only gets worse and worse.

But while worker strikes occur in many industries, from teachers, hotel employees, and garbage collectors to nurses, hospital and nursing home workers, and other business employees, there is a common thread connected to the wide diversity.
It can bring huge financial loss for the boss and his corporation.

And while there are plenty of insurance products that truly protect the business owner, there is only one type of specialized coverage that can protect a business from the devastation associated with a workers’ strike.

It’s called Strike Insurance.

A strike insurance policy can only be purchased separately from a business owner’s policy because it is considered specialized coverage.

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

As far as protection goes, the policy would cover financial losses related to a continuing strike. If your business were to suffer the effects of an employee strike, you would be compensated for the daily loss of revenue and monetary damages related to the strike. Keep in mind, however, that policy limits apply and a strike that has no end would also not be subject to an infinite duration of coverage protection.
To learn more about this type of special coverage, contact an experienced insurance agent who has the knowledge and network of major insurance companies to find the right option for your business situation, with the best quote.

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