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Cover Your Losses with Business Interruption Insurance

Cover Your Losses with Business Interruption Insurance

Cover Your Losses With Business Interruption Insurance in OrangeIf a disaster strikes your small business, how will it remain afloat while it keeps losing revenue? Business interruption insurance in Orange can help. 

Your property insurance covers the damage that was brought on by a covered damage, and that’s a good thing: You’re not paying those premiums for nothing. This coverage can help you pay for the cost of replacing or rebuilding your business. But cleaning and construction will take a while, and that means your business will have to close–at least temporarily–and that means your business will lose revenue. How will your business survive? You can count on business interruption insurance in Orange to come to the rescue.

Coverage That Helps Your Business

After your business is shut down due to a covered event like a fire, windstorm, or tree, you are going to lose revenue. To add to the already lost revenue, you will still be expected to pay rent and utilities, which can dig you into a deeper hole. Fortunately, having business interruption insurance can help reimburse you and keep your business afloat during this hard time. Business interruption insurance will typically cover:

  • Fixed expenses like rent and utility costs.
  • Expenses of operating from a temporary location.
  • Revenue that is lost during the closure.

How to Acquire Business Interruption Insurance

You cannot simply purchase business interruption insurance. You can, however, add it as a rider to your existing business insurance policy.

  • BOP (Business Owners Policy) – This policy includes coverage for property, liability, and business interruption insurance.
  • CPP (Commercial Package Policy) – A customizable policy for business owners that can include business interruption insurance.
  • Commercial Property Insurance – You can add endorsement policies which include business interruption insurance.

Our staff at Remland Insurance is experienced in all matters regarding business insurance and would be happy to answer any further questions you may have! We would greatly appreciate the opportunity to quote your California insurance coverage in 2016! Contact us today.

COVID-19

The COVID 19 virus has certainly changed our lives for the short term both at home and at work. Our office is working in compliance with state and local officials and their request to minimize contact with others for the short term so that we can shorten the life of this virus.
As such, our offices will be available by phone or by e mail 8-5 Monday thru Friday. If you need to make an appointment to come by, please call us before you drop by, so we can reduce risk, and take care of our staff and just be safe.
Please don’t hesitate to call us and if for some reason you can’t reach us, please look at our website for carrier contact information. Thank You for your continued business.

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