business lady at computerDid you know that 80% of all small businesses fail within the first 18 months? In most cases, business owners cite a lack of revenue as the reason for the failure. Some businesses just weren't able to turn a profit.

However, even with revenue, a disaster can cripple your business financially. Fortunately, business interruption insurance can help you remain afloat.

What Is Business Interruption Insurance?

Business interruption insurance helps your business recover financially following a disaster. Business interruption insurance covers your business when you have to stop operations due to sustaining a loss.

How Does Business Interruption Insurance Benefit Businesses?

Without business interruption insurance, business owners have a difficult choice to make. They can choose to keep their business closed, or they can pay to have their business restored.

Sadly, many business owners don’t have much money on hand to cover a significant loss. Additionally, business owners don’t have many assets they can liquidate to get the cash they need.

Business insurance is the financial backing business owners need after experiencing a disaster. During a qualified event, business owners won't have to worry about coming up with the money they need to restore their business. Business interruption insurance could help with:

  • Lost earnings
  • Damaged inventories
  • Operating expenses

With business interruption insurance, you don’t have to worry about paying your employees. As a business expense, the policy may cover their wages too.

How Do You Get Business Interruption Insurance?

In most cases, you get business interruption insurance when you have commercial property insurance. It’s part of the coverage. However, it’s in your best interest to make sure you have enough coverage. You can’t assume your cover is sufficient.

If you don’t have commercial property insurance, you can add business interruption insurance in a business owner package policy (BOP). A BOP is a package of commercial insurance products insurance companies offer to business owners.

Business interruption insurance is a must if you own a business. With the coverage, you don’t have to worry about your earnings while your business is recovering from a disaster.

If you are looking for business interruption insurance, look no further. The team at Buschbach Insurance can help you find the correct coverage for your business. If you have questions, don’t hesitate to call us at (708) 423-2350. Go online today where you can get a free online quote.

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