Running a successful office business takes dedication, hard work, and the ability to adapt to unexpected challenges. But what if you were told that there’s a crucial aspect of protection you might be overlooking? Something that can protect your business from financial turmoil in the face of an unforeseen business closure? This is when business interruption insurance can help.
How can business interruption insurance benefit my business?
Coverage from business interruption insurance could help pay for some major business expenses that your business could incur during the rebuilding / restoration period after the claim. Below are some ways that business interruption coverage can help:
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Rent / Lease Payments
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Relocation
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Revenue
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Employee Wages
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Taxes
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Loan Payments
What is the business interruption insurance restoration period?
The restoration period of your business interruption insurance is the length of time your policy will help pay for lost income from a covered interruption.
In most cases, the waiting period is 48 to 72-hour before your policy starts to pay any income coverage.
Take Action
Don’t wait for disaster to strike. Be proactive. Ensure your business is fortified against business interruptions.
