And Extra Expense
Could Your Business Practices Be Stopped Unexpectedly? Check that your policy can help you through rough patches.
Have you ever heard of a business that suffered a loss causing it to completely shut down? Business Interruption Insurance is necessary for all businesses. This coverage pays for the lost income to your business when it’s destroyed by an insurance sheltered catastrophe. Your policy can also pay for normal operating expenses that continue once your business comes to a halt, including rent, salaries, and a temporary operating location. Consider those expenses that would be necessary for you to stay on track. Your business will likely lose more than just income if it shuts down and you are not prepared for the windfall. You could lose your clients and employees to your competitors, lose your suppliers because of default on contracts, and have to sell off inventory or business assets to recover from financial disaster. Getting your business back on track after a severe accident will be necessary for survival. While your business continues to grow, you should ask yourself, “Does my business have enough protection?”
Best-in-Class Insurance at Unbeatable Pricing!
Boynton Insurance Group has partnered with best-in-class insurance providers to provide the best coverage at the best prices. See our partners here!
Businesses of all types have a need for property insurance, but not all policies provide coverage for the hazards that threaten your business specifically. Do you know if your current policy requires you to value your property with one of the above mentioned valuation methods? In many cases, if your policy has a coverage limit that is less than 80% of the accurate value, you could receive far less than you would expect at the time of a loss (coinsurance clause). As a prudent business owner, we welcome you to a personal consultation with one of our industry specialist insurance agents. Your agent will learn about your business, discuss your concerns, and identify the risks that could impact your business. Boynton Insurance Group will help guide you to an insurance carrier with a program specifically for your type of business, and an agent will help you customize your insurance coverage to best protect your company from major property loss and business interruption.