Protecting Your Business

2/10/2022 (Permalink)

Business interruption risk refers to the monetary loss a company suffers when its operations are disrupted. This loss includes both observable components, such as reduced sales and increased cost of working, and hidden components, such as loss of future revenue streams due to potential reputational damage.

Business interruption insurance is insurance coverage that is available to help replace a business’ income lost after a disaster strikes. The event could be, for example, a fire or a natural disaster. Business interruption insurance is not sold as a separate policy but is either added to a property/casualty policy or included in a comprehensive package policy as an add-on or rider.

It is impossible to plan for the unforeseen. But business interruption insurance is one sure fire way to protect yourself. Also referred to as “business income” coverage, it is the best way to keep your business moving forward. If you are a business whose location is vital to being profitable, you need this coverage. If a catastrophic loss causes your business to close temporarily, most business will not survive without this type of coverage.

Protect yourself and your business. Call your agent today and ask about Business Interruption insurance. Remember SERVPRO of Santa Rosa County is always here to help when disaster strikes. Call us 24/7 at 850-939-4700.