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Cover Your Business with Business Interruption Insurance

Little & Sons Insurance Group / Archive  / Cover Your Business with Business Interruption Insurance
business interruption insurance in banning

Cover Your Business with Business Interruption Insurance

What are you to do when your business is damaged and you have to close the doors? Business interruption insurance in Banning can help recoup any losses during this time.

Standard business insurance covers physical damage and losses to your business. Things like destroyed furniture, equipment, and property that was damaged in a covered disaster are all protected. But what about the losses that come with disaster? While your business is not exactly Rome, it still won’t be built in a day, and that means you will lose revenue. Here is what you have to know regarding business interruption insurance and your business.

Coverage to Keep Your Business Alive

When your business must shut its doors because of a covered event like a fire, storm, or vandalism, you lose business revenue. Fortunately, if your business policy has business interruption insurance in Banning, you can be reimbursed for that loss. Business interruption insurance generally covers the following perils:

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

There are also additional coverages you can add that will cover further expenses. For example, advertising required to let everyone know you are operating from a temporary location.

For your business to get the right reimbursement during the closure, there has to be physical damage to the property that was the result of a covered disaster.

In order for an insurance company to determine the amount that you may have lost, they have to look through some paperwork from which they are able to determine patterns. They look at past tax returns, profit and loss statements, non-continuing expenses, and projected sales.

The only way to be covered when your business closes is to have the right commercial and business interruption insurance in Banning. Contact the insurance professionals at Little & Sons Insurance Services for all of your commercial insurance needs.

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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