What Is Business Interruption Insurance?

2/6/2020 (Permalink)

When your business suffers any type of significant damage, the first thought is getting your business operational again.  While you may have insurance that covers the property and items inside, every day that passes represents lost revenue.  This can set a business owner back even more than the physical damage would ever do.

There is a step that you can take to protect yourself against the latter of these issues in the form or business interruption insurance.  This type of insurance covers the loss of income between the initial disaster and when the business is operational again.  It is designed to put the business in the same financial situation it would have been in had the damage never happened.

If this is something that you would like to the insurance that you carry on your business, contact your insurance agent to put it in place.  It could mean the difference between a temporary setback and an event that your business struggles to recover from.