Tag: business interruption insurance

18 May 2017
How Business Interruption Insurance Provides the Right Coverage

Learn How Business Interruption Insurance Provides You with the Right Coverage

What to know about how business interruption insurance gives you the coverage that you need.

When it comes to protecting your business, it’s important that you’re well-prepared. When disaster strikes, your business could be left with costly damage that can temporarily impact your ability to function. Such a business interruption requires the necessary insurance coverage to help you get back on your feet. Find out what you need to know about business interruption insurance so that you can keep your company as secure as possible.

About Business Interruption Insurance Coverage.

When your business is forced to close its doors temporarily due to a disaster, business interruption coverage helps to get you back on your feet. Such coverage provides you with the financial resources to cover your expenses like rent, utilities, and employee salaries, lost revenue, and temporary operating costs if you’re forced to relocate for a little while. It’s a necessary safeguard to help protect your business from ruin.

Choosing the Right Business Interruption Coverage.

When it comes to investing in the right business interruption policy, it’s important to be aware that this policy does not exist as a stand-alone policy. Instead, it’s offered as supplemental coverage to other commercial insurance. Usually, when adding business interruption coverage, it’s added to a commercial property insurance or business owners policy. These types of policies give you general protection for your business that can then be customized by adding on additional endorsements. That way you ensure that you have adequate protection for your business to stay afloat after a disaster.

Be ready for disaster with the right insurance coverage. Protect your company with the right business interruption insurance. Contact the insurance professionals at Moser Group Inc. Located in New York, our experienced, knowledgeable staff will help you meet all your personal and commercial needs.

18 Aug 2016
Determine Your Business Interruption Insurance Coverage Needs

Find Out How to Determine Your Business Interruption Insurance Coverage Needs

Learn how to evaluate your business interruption coverage.

When disaster strikes, it can be detrimental to your business. Damage left behind can force your company to close its doors temporarily. However, a temporary closure packs a bigger punch when it comes to your small business. Protect your business from harm and invest in business interruption insurance. Learn what you should consider as you get ready to invest in a policy.

Industry Needs:

When considering whether or not to purchase business interruption insurance, think about your industry demands. Since every industry is different, you have different coverage needs. For example, a tech company may require more cyber support while a clothing store may need more coverage for your merchandise. Evaluate what type of insurance your business needs so that you can supply it with the right coverage.

Coverage Limits:

In addition to determining what type of insurance you need, you also need to figure out how much coverage that you need. Evaluate how long it would take your business to get back on its feet and adjust your coverage accordingly.

Financial Situation:

Your business interruption insurance is intended to keep your business afloat after a disaster. You need to evaluate your total business expenses when it comes to figuring out how much coverage you need. Look at your regular operating costs and factor in expenses to rebuild your business from the ground up. That way you can rest easy knowing that your business is well protected.

Protect your business with the right business interruption insurance coverage. Contact the insurance professionals at Moser Group Inc. Located in New York, our experienced, knowledgeable staff will help you meet all your personal and commercial insurance needs.