Do You Need Business Interruption Insurance?

9/29/2021 (Permalink)

Imagine this scenario:  You own a business in Fairfield County.  After a storm that brings heavy rainfall, your business suffers water damage.  The damage is significant enough that it displaces your employees and disallows you from serving your customers at your location.  This situation may cause loss of income, as well as adding unexpected costs to remediating the damage that has happened.

Over the past few months, as Fairfield County has experienced an unprecedented amount of rainfall, this is a situation that far too many business owners have found themselves in.  We have seen businesses struggle to get back on their feet when they don't have any sort of protection against loss of income.

From Allstate: “Business interruption insurance helps protect against lost income after a covered peril affects a business. Covered perils typically include theft, fire, wind, falling objects or lightning. Be sure to read your business insurance policy documents so you know which perils your insurer helps cover.”

Sometimes business interruption insurance is built into business insurance, and sometimes it needs to be purchased separately.  If you are unsure if you have this type of protection, you should read your policy, or contact your agent to find out.

It is important to contact a damage restoration professional as soon as you notice any damage. SERVPRO of Stamford has over 30 years of experience working with people who have had damage to their business property.  If you have any type of water damage, call us immediately at 203.324.1642.