Business Interruption Insurance Can Help You Make Ends Meet
How would you make ends meet if a fire or storm caused you to suspend your business operations for an extended period of time? How would you make up the lost revenue your business would have normally earned? Your utility bills won't stop just because you've temporarily closed the doors to your business. The best solution may be to add business interruption insurance to your property insurance policy.
Add Business Interruption Insurance to Your Business Property Policy
Business interruption insurance provides compensation for lost income if your company is forced to vacate the premises due to damage caused by a disaster covered under your property insurance policy. However, only 35% of small businesses have business interruption insurance according to the National Association of Insurance Commissioners. Business interruption insurance is not sold as a stand-alone policy. Rather, it is an optional coverage you can add to your property insurance policy.
Business Interruption Insurance- What Does It Cover?
If your business is forced to close its doors while your premises is being repaired, you can lose business to your competition. Getting your business back up and running again as soon as possible is
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