We often pay attention to the property portion of the insurance policy and also the liability but what happens when 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 from? 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 your 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 funds necessary to pay your bills and keep your business going until repairs are made to the building. If business income with extra expense was selected you will also have funds to relocate to another building while work is being done on yours.
For a very low price this important coverage can be included with 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 located in San Luis Obispo County we would be happy to visit you in person at your convenience to review your package and discuss important coverage’s such as business income!