If your business suffers damage that shuts down your operations, would you be able to sustain that loss of income? For many, the answer is no, and for this reason, business income coverage is available.
Business income covers loss of revenue that you would have received had there not been a loss. Many such policies also include “Extra Expense” protection, which provides coverage for costs you incur that exceed your normal operating expenses. Examples where extra expense protection could apply include increased rent at an alternative location or moving expenses to get there.
Business income is imperative for a business’s survival in the event of a loss. If this coverage is not currently a part of your insurance package, contact your agent or broker today.
