what business interruption insurance can do for you

Why You Need Business Interruption Insurance

Here’s what business interruption insurance can do for your company.

Stop for a moment and imagine what would happen if your business was forced to temporarily shut down its operations. For instance, think about what would happen if you had to close as a result of a fire, extreme weather event, an act of vandalism, or so on. While you probably have the right business insurance in Plano, Texas to address any physical repairs you might need to take care of, do you have coverage for the income lost during your business’s closure? If not, then your business might not recover and you will be forced to close your doors for good. This grim reality illustrates why it’s so important for your company to have the protection that only business interruption insurance can provide. Here’s what business interruption insurance can do for your company.

What is it?

Business interruption insurance is a special type of policy that offers coverage for your business in the event that it must temporarily close as a result of a covered peril. This type of insurance will compensate your business for the revenue it loses during your temporary shutdown, offsetting your company’s financial losses to prevent it from closing permanently.

What does it cover?

Business interruption insurance offers compensation to make up for the revenue your business would have made if business operations continued as usual. Additionally, this type of policy can also provide coverage for your company’s normal recurring expenses, such as employee wages and rent. In some cases, business interruption insurance can even cover the costs associated with temporarily moving your business to a new location while your primary workspace is undergoing repairs.

Having the right business interruption insurance is the best way to protect against the losses associated with a temporary shutdown.  Interested in getting the right business insurance in Plano, Texas?  Then don’t hesitate to contact the professionals at Tri-Star Insurance/HUB International.  Our dedicated team is ready to assist you with all your insurance needs.