Find Best Rates For Business Interruption Insurance
A business interruption is not something you want to think about. But a disaster could close your doors in an instant. Are you prepared and protected if you have to shut down temporarily if a disaster strikes?
Flooding, weather damage, fires, power outages and even vandalism could force you to close. All of which could cause you to lose out on sales and revenue. Can you survive an interruption in business? Most can’t.
It is estimated that 40% of businesses don’t recover after a disaster. 25% fail in the first year after a disaster.
Business interruption (BI) insurance helps you cover loss of income. It helps you get back to business as usual when a disaster strikes.
What Is Business Interruption Insurance?
Business interruption insurance covers you against loss of income you may suffer. Coverage kicks in if you must close temporarily after a disaster event.
You will receive compensation to provide you with the revenue you would have received if you were running as normal. You will also have protection for normal day to day operating expenses.
It is also referred to as loss of business income insurance. It helps you recover lost revenue and cover expenses. You can add this to an existing policy or as an add-on. It may be part of a comprehensive plan.