Business Interruption Insurance coverage steps in after a disaster enabling your company to carry on necessary operations until ‘normal’ business resumes. This coverage is essential, something all business owners should seriously consider.
What is Business Interruption Insurance?
If anything were to happen to your business, such as a fire or natural disaster, business interruption insurance steps in to assist your company with any losses associated with being temporarily unable to operate. It provides your business with the additional protection needed to get your business back into operation including covering expenses, providing you with revenue for profit sales lost and it even covers moving the business to a temporary location while the business facility is being repaired (if required).
Cindy Gravelle, Vice President, Commercial Lines, Youngs Insurance Brokers Inc. explains;
“I cannot stress the importance of Business Interruption Insurance strongly enough. This coverage will allow the business to take the necessary steps to carry on with the operation of their company until such time that the “doors are opened” again for business. An Insurance Broker is the best source of information for this coverage, and can provide a quote for Business Interruption Insurance tailored to the needs of the client.”
Still considering if Business Interruption Insurance is for your business?
It is important to prepare your business for what could happen; with the coverage you require and a plan in place you will be prepared if something ever did occur. If your business operations were brought to a halt, what would you do? Consider the loss of revenue; that alone is a motivating factor to inquire about Business Interruption Insurance.Business Interruption Insurance provides you with peace of mind that your business is protected if anything were to occur. If you would like more information, please contact a Youngs Insurance Broker today!
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