Losing equipment, buildings and vehicles to natural disaster, fires, or theft happens every day to businesses around the world. Standard business property insurance can help replace the items over time, but what happens to the business in the period before facts and figures settle? Many businesses go under and employees move off to find new jobs. Your business can go under in a heartbeat. Business interruption insurance will help you stay in the black and functional.
Property and Interruption Combination Coverage
The best of both worlds is to have both property and interruption coverage for your business. Any covered loss can also be covered by the interruption policy. This will help you pay the utility bills, taxes and other incidentals until you can get back in business.
Employee Wages and Business Income
This type of policy will help you stay solvent and retain employees until a business re-start can happen. The policy will cover the employees wages and lost income you would have normally generated during the same period of time.
Relocation Expenses
This policy can help pay for relocation expenses if the business has to moved temporarily, or on a permanent basis. It helps provide options you may not have otherwise had.
Contact us right away about establishing a business interruption policy to complement your existing property insurance. We can help you find affordable solutions.
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