BUSINESS INTERRUPTION: ASSESSING YOUR NEEDS

Do you have the information you need to make an informed decision on buying Business Interruption (BI) insurance? Unfortunately, some companies only discover that they don't have enough BI coverage to stay in business after they suffer a major loss. On the other hand, other firms over-insure, shelling out excessive premiums for protection they might not need.

We'd recommend that you review your Business Interruption policy. Check out the insured or reported values for your coverage, as well as the extensions that apply to the specific needs and operations of your business. For example, you might consider adding:

Claims Preparation Fees
Contingent Business Interruption
Expediting Expense
Extended Period of Indemnity
Ingress/Egress
Ordinary Payroll Coverage
Selling Price of Finished Goods Inventory
Service Interruption Power Outage

To help make sure that you're getting the Business Interruption protection you need at the right price, we'd be happy to do a comprehensive evaluation of your coverage. Just give us a call.
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Further Reading
Do you have the information you need to make an informed decision on buying Business Interruption (BI) insurance? Unfortunately, some companies only discover that they don't have enough BI coverage to stay in business after they suffer a major loss....
Business Interruption (BI) insurance makes sense. Consider Allison Dorst, a New Jersey resident who operates three e-commerce web sites selling sportswear. Last fall, Superstorm Sandy brought a prolonged power failure that shut down Dorst's custome...
For many organizations, the loss of income coupled with continuing expenses after a fire or other disaster can be even more devastating than the damage itself. To increase the chances that a loss will not shut operations down permanently, organizati...
Business Interruption insurance is like Disability insurance for a business. Disability insurance covers some of a person’s lost income when they’re sick and unable to work. Business Interruption insurance covers a business’s lost income when a fire,...
Business interruption insurance can play a critical role in just about any business, yet many business owners fail to purchase it or wind up underestimating the amount they need. Why? Because compared to other types of business-related insurance like...