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Your Guide To Business Income Insurance

Mar 09, 2015

Business

Your Guide To Business Income Insurance
How To Protect Your Business From Financial Burden As a responsible business owner, you have likely already secured the insurance coverage you need to ensure that should a disaster wreck your commercial property and the important information, materials, and equipment inside, you will be able to rebuild without significant expense. Have you, however, considered what you will do in the time that passes between the disaster passing and your being able to get back to business? During that period of rebuilding and recovery, will your business be able to survive without any income? Fortunately, with business income insurance (also known as business interruption insurance), you do not have to worry about being without income during that time. This type of coverage insures the net profit that your business would have earned had the covered loss not occurred. That means that paying your mortgage and your utilities, continuing to provide the services you are contractually obligated to supply, and retaining your staff will all be possible no matter what life brings your business’s way. Even if you have great coverage to rebuild your property and replace your equipment, going without income for a period could significantly damage your business. Rebuilding is never as fast as you would like it to be, so it is important to have a game plan in place for sustaining your business during that period. Carry business income insurance to ensure your business is safeguarded from financial burden. Would an expert insurance agent coming alongside you to understand your business’s exposure to risk and advising you on how to limit it be helpful? If so, contact Fuller Insurance. Serving businesses in Chino Hills, Long Beach, Seal Beach, Los Angeles, and all of California, our dedicated team is here to make sure your business has the protection it needs with great commercial insurance.
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