Business interruption insurance is critical if your business suffers a property loss that could cause the business to slow or close down while repairs are made. This may mean a complete or partial revenue loss depending on the time frame and the damage.
From the time the loss occurs until your business is running again, insurance can replace your lost profits, and provide a source of money to pay your necessary continuing expenses, like rent, payroll, taxes, etc. Additionally it may take some time after you reopen to get business back to the level it was prior to the loss. Business Interruption Insurance can provide for this difference in income until business gets back to normal.
Witkin Scott Associates, Inc offers free, comparative quotes on Business Interruption Insurance from multiple insurance carriers so you can get the best possible rate.
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