Should your business be interrupted for any number of reasons, a business interruption insurance policy will replace your loss of income or profits until you are back up and running again. Business interruption insurance is important for many businesses, but especially those companies located in areas that commonly experience hurricanes, earthquakes, or tornados. Our professionals will answer your questions and explain your options for tailoring a protection plan that is right for your specific needs.
Consider Protecting Your:
- Income and net profit
- Ongoing expenses to run the business
- Extraordinary expenses due to major disasters
Protect Yourself From:
- Equipment breakdown
- Supply chain disruption
- Fire, windstorms, and natural disasters
- Loss of key personnel
- Vandalism and theft
- Cyber breach
- Local civil unrest
What is business interruption insurance?
Business interruption insurance helps protect businesses from the financial costs of operational slowdowns and stops that are caused by covered disasters.
What sorts of disasters does business income insurance protect against?
Business income insurance protects businesses from the same sorts of disasters as commercial property policies cover. Exact coverages can vary, but most business interruption policies offer coverage for perils like fire, windstorms, and theft.
What types of businesses is business income insurance for?
Any business that would struggle to remain financially viable if there was a temporary decrease in revenue should consider getting business income insurance.
Do businesses that have cash reserves need a business interruption policy?
Businesses that have significant savings may want to self-insure against potential decreases in revenue instead of buying a business interruption policy. There is a cost associated with self-insuring, though. By purchasing a business interruption policy, which is usually quite affordable, a business can free up the funds that would otherwise have to be saved.
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General Liability InsuranceLearn More: Business protection from third-party lawsuits
Employment Practices Liability Insurance (EPLI)Learn More: Protection from employment-related claims that arise from covered infractions
Commercial Umbrella InsuranceLearn More: Added protection for your business and reputation
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