Do You Need Business Interruption Insurance?

Could your New Jersey business sustain a devastating fire and keep on operating? Business interruption insurance may be the key to surviving such a challenge. It is important that you take safety precautions at your business to prevent fires and other disasters, but equally crucial that you have a contingency plan in place should a disaster occur in spite of your best efforts.

Business interruption insurance is designed to replace lost income in the event that your New Jersey business has to close down temporarily for repairs or reconstruction following a disaster.

You may also want to consider some additional coverage to financially protect your business following a disaster.

•Contingent business interruption insurance is designed to provide coverage in case a major client or key supplier suffers a loss that shuts their business down, thus impacting your company.

•Civil authority coverage is a policy intended to provide financial protection in case the government has to deny the public, and your potential customers, access to your business due to a disaster at a neighboring facility.

•Service interruption coverage may financially protect your business should your utilities be disrupted.

•Extra expense insurance may assist you with the cost of setting your business up at a temporary location while your regular location is being repaired.

It is important to consider your options should your business property be rendered unusable by a disaster. Your insurance agent may help you plan for that worst-case scenario.