Insurance Success Tip #7 – Review Your Business Interruption Insurance

Business interruption insurance protects your profits and pays those expenses that continue after an insured loss.

Your store burns. It will take 4 months to rebuild. Business interruption insurance (extra expense coverage) pays to rent a temporary location and to advertise that you are still open for business. It pays your lost profit and those expenses that continue beyond what you are able earn in your temporary location.

Meet with your insurance adviser to be sure you have enough business interruption insurance and that it is properly designed to meet your unique needs.