Can you afford to be closed for business while repairs to your building or personal property are being made after a loss? The answer is probably a resounding "NO!". Business Income is protection against loss of income or profits, in which a business has suffered a property loss or damage from a covered peril under the insurance policy, such as a fire or hurricane. This covers the time when the business is shutdown until the property is repaired or replaced. Business Income coverage should include Extra Expense coverage as well. Extra expenses are any extra line item on your Profit/Loss Statement that is not a recurring expense.

A well-prepared client can save significantly when an unexpected loss occurs. Commercial businesses should have a Business Continuity Plan (action plan for catastrophic disaster) and keep accurate records of prior year’s income and profit results, as well as storing a set of records offsite.

The need to protect your earnings is as important as insuring your equipment and stock. Please take an opportunity to examine the excellent forms of business income insurance that are available through our office. We can customize business income protection for your particular needs, including protecting the rental value of your property.

Call us today to ensure your business in properly protected.

big warehouse with forklift and boxes

Posted 1:22 PM

Share |

No Comments

Post a Comment
Required (Not Displayed)

All comments are moderated and stripped of HTML.
Submission Validation
Change the CAPTCHA codeSpeak the CAPTCHA code
Enter the Validation Code from above.
NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive
  • 2020
  • 2019
  • 2018
  • 2017

View Mobile Version
Facebook Twitter
Licensed In The Following States: Florida
Please Read Our Privacy Policy
Copyright © 2009-2019 Park & Associates, Inc.
All Rights Reserved.

Powered by Insurance Website Builder