Business Interruption Insurance

Business interruption insurance is often over-looked by business owners, until they find themselves in an unexpected disaster situation that prohibits them from conducting their day-today business.  This is a huge risk to take.  What if a natural disaster puts your business out for an extended period of time?  Are you adequately covered?  Your business property insurance may cover you for physical damages, but what about lost income?  How are you going to pay the bills and the employees if production has stopped?  Without monies coming into the business, there is no money to put out.

Business interruption insurance coverage protects a company’s loss of income at the time of disaster and keeps your business running.  These policies are sold as endorsements or added-on to the existing business policy.  It is a separate annual premium that pays out in the event of loss.  The policy clearly states the time frame of the coverage; the time which the coverage begins and ends.

Some of the items that are covered in a standard business interruption policy include:get_free_insurance_quote

  • Profits that would have been earned if the business was still operating as usual-based on financial records.
  • Moving the business to a temporary location where production can resume.
  • Monthly operating costs such as paying a lease, taxes, payroll, etc.

The lack of proper insurance coverage leads thousands of businesses to close up shop every year.  Don’t be a statistic.  LocalInsuranceQuoteOnline.Com will provide you with rates on business interruption coverage in your local area.  We have partnered with the top insurance carriers to help your company determine the most effective way to insure against lost business income.