Needs dictate what kind of disaster policy is warranted

10/24/2008 | NYTimes.com

Businesses trying to decide between the two kinds of disaster insurance -- named peril and all-risk -- should assess their needs, the likelihood of a natural disaster and potential loss of property and equipment. All-risk policies are good for most businesses because they cover damages from any kind of disaster, unless the policy specifically excludes something. A peril policy is good for businesses in areas frequently hit by hurricanes, tornadoes, floods and other natural disasters.

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