As a business owner, you might find a sense of relief knowing that your business’s future is secure even in the wake of disaster. While there are many types of insurance for businesses, most entrepreneurs tend to overlook one type that can potentially save you a load of heartache in times of unforeseen circumstances: business interruption insurance. Having business interruption insurance means lost income will be covered if ever events such as fire, storms or hurricanes interrupt your business. As with all types of insurance, not everything is black and white, so you will need the help of an experienced business insurance agent to understand coverage.
Business Interruption Insurance Basics
Business interruption insurance is not stand-alone; it must be added to your insurance policy. To get interruption insurance, you must first produce a record of your current income.