Mission Statement

"Our mission is to create peace of mind and build enduring relationships."

Bob Lancaster Insurance's mission statement is the core of our culture. Our customers always come first, and we strive to provide them with the products and service that best respond to their needs. Building trust and fostering loyal, long-lasting relationships are the essence of who we are and fundamental parts of our company values.

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Our employees work hard to connect with our customers on a very real and personal level. Find out what Bob Lancaster’s mission means to them and how they carry it out every day.

Bob Lancaster Insurance, serving Florida's insurance needs since 1964. Contact us today at 321-725-1620 - see what we can do for YOU and YOUR BUSINESS!

Thursday, July 18, 2013

Commercial Property Insurance May Cover "Extra Expenses"

Many businesses buy business interruption coverage to cover a loss of business income in the event of a covered loss. Business income provisions generally provide benefits for an amount of time designated in the policy, typically termed the period of restoration, or until the business is able to resume operations.

Most commercial policies have additional business protections that might fall under the business interruption umbrella, such as "extra expense coverage" or other added coverages to cover specialized losses such as valued papers, electronic data, debris removal, etc. Generally, "extra expense" can cover relocation costs for a business or increased labor costs when a business uses best efforts to mitigate the business interruption and continues operation. "Extra expense" is often defined as the necessary expenses during the period of restoration that would not have been incurred without the loss. Typical commercial policies exclude or provide limited coverage for losses to valuable papers, electronic data, and records. In the age of electronic data, computers are necessary in almost every business and valuable records are kept on site on local computer terminals. Extra coverage for databases and other electronic media should be considered. It just may be such specialized coverage saves an insured extra headache and aids in a more complete and speedy loss recovery.

Contact us for all your Insurance needs! (321)725-1620
Bob Lancaster Insurance
Serving Florida since 1964

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