In the event that a disaster strikes your business, you want to be protected. Business Income Interruption Insurance protects companies such as restaurants and bars from being left without a source of income in the event that your business experiences a temporary closure. If you are forced to shut down for months of rehabilitation, your business income interruption coverage will cover the costs of paying vendors, employees, and yourself. The last thing you want is to find that you did not properly protect your assets after a disaster occurs.
Business interruption insurance covers more than your standard property insurance and is one of the most valuable types of coverage a company can have. This type of insurance covers:
- Income your business would have made during the period of your temporary closure, based on your past financial records.
- Costs and expenses incurred even though the business is unusable, based on an analysis of past financial records.
- Costs incurred from moving and operation to and from a possible temporary location.
- Cost of paying vendors, employees and self.
- “Extra Expenses” that keep the location open such as renting a piece of equipment that allows the business to stay open.
Business Interruption Coverage is extremely important for businesses to have. No matter what kind of company you have, the last thing you want to see is everything you’ve worked so hard to achieve gone. It is important that you choose the right combination of insurance policies to give your business optimal protection.
Business Interruption Coverage is extremely important for businesses to have. No matter what kind of company you have, the last thing you want to see is everything you’ve worked so hard to achieve gone. It is important that you choose the right combination of insurance policies to give your business optimal protection. ISU Wissink Insurance Agency is eager to help you protect your restaurant or business. ISU Wissink Insurance Agency has been serving California businesses and residents since 1953. Contact the insurance professionals today so we can match you with one of our independent agents who can find the best coverage for your particular needs.