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Do I Really Need Business Interruption Insurance? Yes!

Little & Sons Insurance Group / Commercial Insurance  / Do I Really Need Business Interruption Insurance? Yes!

Do I Really Need Business Interruption Insurance? Yes!

Business Insurance Calimesa CAFailing to Prepare is Preparing to Fail

Business owners around the world have one thing in mind – protecting their business so that they can maximize profits and limit losses. In doing so, you have sat down with an insurance agent to determine the right amount of coverage for your business. If you chose not to opt for business interruption insurance, you are likely making one of the biggest mistakes of your business career.

While you may think that your startup business can forgo business interruption insurance as the extra expenses seems unnecessary, this is one of the most important safeguards you can have. Imagine the terror and financial hardship if a fire hit your most important investment. Yes, your property insurance policy would cover the damages, but who would pay for the lost income while your business recovers? Often, major disasters leave an office space inhabitable for months, meaning your company suffers as a result without this form of insurance.

While you may think there is no harm in waiting until the last minute to purchase this policy, most business interruption insurance policies come with a 48-hour comfort period where you do not receive coverage. Therefore, just because you have fair warning of a disaster’s arrival, you may not have the opportunity to act fast enough.

If you are still going through the internal debate of whether or not to opt for this protection, think about how minimal the extra premium cost is in comparison to the cost of recovering after a fire or other common peril. Failing to prepare for the unexpected is preparing to fail.

Serving Banning, Beaumont, Calimesa, and all of California, contact Little & Sons Insurance Group for all of your business insurance needs. Allow us to add business interruption insurance to your policy to ensure that your biggest investment is receiving unmatched protection.

Little & Sons Insurance Services

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Little and Sons Insurance Services is your complete insurance resource. Since we were established in 1922, we assist individuals and business owners with all of their insurance needs, whether it be for auto, home, or commercial insurance. As an independent, full-service insurance agency, our duty is to our clients’ best interests.

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