Insurance Insights: Back to Business
While most standard insurance policies cover loss or damage to material items (equipment, inventory, etc.), they may not cover lost profits if a business is forced out of operation. “Business interruption insurance” provides funds to cover the difference between a business’ normal income and its income during and immediately after a forced shutdown. This is very important because businesses must still meet their financial obligations even when a catastrophe forces them into a no-income situation. A company may also be faced with expenses related to the loss, such as moving to a new location, placing items into storage, and renting a temporary location. This coverage is designed to put businesses back into the same financial position that they enjoyed before the loss.
Let our professionals review your current situation and make the appropriate recommendations for your business. We offer innovative coverage in step with the times, coupled with good, old-fashioned personal service. We appreciate the opportunity to work with you, and for you. For more information or to schedule an appointment, please call us today.
Quick Tip: Business interruption insurance mirrors what is covered in the main business policy.