Emergencies and disasters can strike without warning, impacting your business operations in unimaginable ways. That’s where business interruption coverage steps in, acting as a vital component of commercial insurance. Here’s what businesses in Fayetteville should know about this lifesaver, brought to you by Strickland Advisory Group.
What is Business Interruption Coverage?
Business interruption insurance is a type of coverage that compensates for income loss in the event of a disaster that disrupts the operation of the business. This can include a fire, flood, or natural disaster that physically damages your property and keeps your business from operating.
What Does It Cover?
This policy essentially covers the revenue your business would have made during the closure period, based on your financial records. Additionally, it may also cover business operation expenses like rent, utilities, and employee wages that continue even when your business isn’t generating any income.
Why Does Your Business Need It?
Business interruption coverage can help you get back on your feet without depleting your savings. It keeps your business afloat during a disastrous period, allowing you to recover and rebuild without the stress of financial loss.
How to Get Business Interruption Coverage?
Business interruption coverage is mostly not sold as a separate policy. It is generally added to your property insurance policy or included in a comprehensive package policy. At the Strickland Advisory Group, we strive to provide guidance and help you find the most fitting plans for your commercial insurance needs.
Contact Us Today
Safeguard your business against unexpected interruptions. Contact us at Strickland Advisory Group to learn more about how business interruption coverage can be a part of your commercial insurance policy in Fayetteville, GA.
