Business Interruption Insurance
Business Interruption Insurance – What does it cover?
In event of an incident that your business has to close because of an unforeseen event and possible loss of income does occur, business interruption insurance can assist you in rebuilding your business and getting it back up again. Typically, no matter the circumstances, whether your business needs to move to new location or simply close for an unforeseen amount of time, this insurance can help you cover the costs that may occur. It is an insurance policy that can help you rest assure and have the peace of mind that your company will still be operational once the moving process is over.
What is included with Business Interruption Insurance?
The name of the insurance really does explain what is covered. If there is an interruption in your business that was an unforeseen event, this insurance can assist you in getting it back up again. Here are some common ways that it can help:
• Moving expenses
• Payroll expenses
• Loss of income
• Lease/rental costs
• Operational costs
Who is Business Interruption Insurance for?
This insurance policy is for business owners that would struggle if any unforeseen event did happen and they had to continue with expenses for daily operations. Here are some common businesses that consider this policy:
• Outdoor based business
• Entrepreneurs that work from home
• Retail and storefront businesses
• Family-owned business
• Companies with large overhead
If you are ready to have the peace of mind that you will be taken care of in the event of something happen, then contact Hockley & O’Donnell Insurance Agency today. We can provide you with a free quote and help you better understand how you can benefit from a business interruption insurance policy.