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Peter Said:

is there any type of insurance to cover loose sales of a business?

We Answered:

No, sorry. There's no insurance that protects you from someone undermining your business.

You could always just not renew your lease, and terminate your partnership.

Enrique Said:

What is going on in the Gulf? I own a business I have insurance to cover accidents. Why all the talk that tax?

We Answered:

Everybody got your eyes open yet.This goes hand in glove with Obama's agenda.The oil spill was Obama's lucky break in furthering his agenda.

Zachary Said:

What's required of me to start a business in Insurance?

We Answered:

It sounds like you want to start an insurance company, offering cover. First get yourself a £20,000,000 bond, to satisfy Gov regs!!
If you just want to act as a broker, I'd asdvise against it as (a) there are very competitive companies out there and (b) it's obvious that you don't know what you're doing.

Ronald Said:

Purchased insurance policy for $420 to cover business assets.What accounts will be affected?

We Answered:

Prepaid Insurance and Cash

Dora Said:

Failing business has fire. Will insurance cover lost income based on recent earnings? Or will they pay more?

We Answered:

Any lost income payments would be based on current earnings.

The purpose of insurance is to put you back where you were before the loss. If you had a failing business that was not earning any money...then that's what the insurance company owes you. They do NOT owe to put you in a better place than you were in before the loss. This is counter productive to the purpose of insurance.

If insurance companies paid more for lost revenue than you were actually earning - it would create a hazard that encouraged business owners to burn their own businesses down.

And, as another poster pointed out, a failing business that suddenly bursts into flames will be looked at very closely by the arson investigator.