Keeping your business going is the number one concern of every business owner. Reducing daily business risks, providing products that customers want at prices that are fair are two major elements to keep your business in the lead. However, from time to time a business suffers from certain events that cause interruptions for a specific amount of time. These interruptions may cause a business to lose money, and in some cases it may cause damage to their brand. The only way to safeguard yourself and your business during this time is to be protected by business interruption insurance.
What constitutes as a business interruption?
Any event that stops normal Business activities abruptly is a business interruption. This includes things such as: mechanical breakdowns, data interruptions, building damage, storm damage and libel or slander
How business interruption insurance can help
Unlike traditional Battle Creek business insurance that pretty much takes care of the business structure and any goods damaged, business interruption insurance provides a source of income for a specific amount of time. This is particularly good for those who have home based businesses or for those that manufacture products or provide an onsite service.
After a disaster such as a company-wide data breach or a storm that renders your business location un-salvageable, you could use business interruption coverage. This will help you rebuild as well as to help you continue marketing and running from a different location. After Superstorm Sandy, many businesses began to sign up for business interruption insurance for peace of mind as well as to tighten their business continuation plans.
When shopping around for a business interruption insurance, make sure that you sign up for a provider that doesn't exclude the things that you need, or one that allows these items to be added on as extra cover. If you have trouble finding a business interruption insurance or you have questions about the cover, give Allen Harmon Insurance a call at 269-441-5156 and we'll be happy to help.