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Business Protection Bulletin

BUSINESS INTERRUPTION: ASSESSING YOUR NEEDS

By January 8, 2018 No Comments

Do you have the information you need to make an informed decision on buying Business Interruption (BI) insurance? Unfortunately, some companies only discover that they don’t have enough BI coverage to stay in business after they suffer a major loss. On the other hand, other firms over-insure, shelling out excessive premiums for protection they might not need.

We’d recommend that you review your Business Interruption policy. Check out the insured or reported values for your coverage, as well as the extensions that apply to the specific needs and operations of your business. For example, you might consider adding:

Claims Preparation Fees
Contingent Business Interruption
Expediting Expense
Extended Period of Indemnity
Ingress/Egress
Ordinary Payroll Coverage
Selling Price of Finished Goods Inventory
Service Interruption Power Outage

To help make sure that you’re getting the Business Interruption protection you need at the right price, we’d be happy to do a comprehensive evaluation of your coverage. Just give us a call.