Is there insurance to protect a business owner from a strike?

Even if you only have a tiny bit of news savvy, you are probably aware of the breaking news on how politics is affecting a business. When an online company won a government contract to supply bedding to Texas detention centers, couldn’t anyone have imagined the commotion?

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

Despite the fact that the decision to do business with the detention center was based on the business advantage of making a profit and that instead of sleeping on the floor, 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 illegals attempting to illegally cross the border.

The outcome of the strike is neither fit nor good for business, and as employees’ refusal to return to work continues, it only gets worse and worse.

But while worker strikes occur within many industries, from teachers, hotel employees, and garbage collectors to nurses, hospital workers, and the elderly and other business employees, there is a common thread connected to the wide diversity.

It can bring big financial losses for the boss and his corporation.

And while there are a host 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 worker strike.

It’s called Strike Insurance.

A strike insurance policy can only be purchased separately from the business owners policy because it is considered specialized coverage.

It is 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 is concerned, the policy would cover financial losses related to an ongoing strike. If your company suffers the effects of an employee strike, you will be compensated for the daily loss of income and monetary damages related to the strike. However, keep in mind that policy limits apply and a strike that sees 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 leading insurance companies to find the most suitable option for your business situation, with the best quote.