You work hard to build up your business, but circumstances beyond your control may cause a temporary shutdown. Business interruption insurance covers losses such as wages, operating expenses, and offsite operations until you can reopen your doors. The events covered by your insurance may vary. It often includes physical property damage from lightning, fire, vandalism, and civil unrest. Keep in mind that business interruption is an add-on to your commercial insurance policy. Your agent at Alta Vista Insurance Agency in Carlsbad, CA, can review all the details of your business.
What Are the Benefits of Business Insurance?
Business interruption insurance provides financial stability following a natural disaster or other covered peril. As you rebuild, you can continue to pay your overhead costs and employees without draining your reserves or personal savings. It can also maintain business continuity. You won’t have to worry about the payroll and ongoing expenses listed in your policy. That’s a key consideration for getting your business up and running quickly again.
If you need recovery assistance, your coverage gives you the funds to set up a temporary location. So you can make the necessary repairs and rebuild your original location without obliterating your revenue streams. Most importantly, you’ll rest easier knowing that this protection is in place. That keeps you focused on growing your business without having nightmares about unexpected interruptions.
How Much Business Interruption Insurance Is Enough?
Your agent can help you balance the right coverage and premiums. You’ll need enough to cover your earnings for at least a few months. Additionally, you can always adjust the coverage if your expenses grow. You don’t have to work out all the details alone.
Contact the team at Alta Vista Insurance Agency in Carlsbad, CA, today for more information or to purchase business interruption insurance for your business.
