What is Business Income Insurance and Why would I need It?

Think about. Suddenly your business is destroyed in a fire and your income stream crashes to a halt. Thank goodness no one was hurt and you do have property insurance. It will be months before you can hope to be operating again at your current location. Your property insurance will provide funds to rebuild, but where will your business expenses come form? Will your valued employees drift off if there are no funds for payroll? Will your customers return with their children when you reopen? How do you pay your bills while you are out of business? What if you business can't stop and you must find a temporary location?

These are all important questions and if you are properly covered with business income as part of your insurance package you will have the funds necessary to pay your bills and keep your business going untils repairs can be made. If business income and extra expense are selected, you will also have the funds to relocate to another building while work on yours is being done.

This coverage can be added for a very small cost to your insurance package. Give us a call at 805-238-1818 to discuss this very important coverage and how it can impact your business.If your business is in San Luis Obispo County we will be happy to visit you at your convenience to review the appropriate coverage's. We will provide a free assessment and put together a package for you.


Got something to say? Join the discussion ยป

Leave a Reply

 [Quick Submit with Ctrl+Enter]

Remember my details
Notify me of followup comments via e-mail

or call