Business interruption coverage, extra expense coverage, and contingent business interruption coverage are three types of commercial insurance that can support your business continuity plan. Here’s how insurance plays a vital role in keeping your business afloat after a burglary, extreme weather event, or another disruption to your operations.<\/p>\n
The loss of goods or equipment after a storm or burglary can leave your business vulnerable. Business interruption coverage provides funding for the areas of your business hit hardest, helping replace essentials needed for day-to-day operations.<\/p>\n
This type of coverage can help with rent, payroll, and creditor obligations, and can also help replace goods or repair equipment that was damaged or stolen.<\/p>\n
Extra expense coverage handles costs you wouldn’t normally face as a business owner. If your commercial building becomes temporarily uninhabitable, for instance, this coverage can help offset the cost of leasing alternate workspace while repairs are underway.<\/p>\n
Contingent business interruption coverage provides a safety net if your business is impacted by a third party’s disruption. In this case, you’d receive compensation to help offset the costs of continuing to operate. For example, if a key vendor shuts down unexpectedly, you may struggle to obtain materials or essential supplies during that time. This coverage helps keep your business running in the meantime.<\/p>\n
Contact an agent at Rowledge & Falvo Insurance Agency for further assistance. An agent can walk you through business continuity planning for your commercial establishment.<\/p>\n
Business interruption coverage, extra expense coverage, and contingent business interruption coverage are three types of commercial insurance that can support your business continuity plan. Here’s how insurance plays a vital role in keeping your business afloat after a burglary, extreme weather event, or another disruption to your operations. Business Interruption Coverage The loss of goods […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[27,25,21,14,20],"class_list":["post-84","post","type-post","status-publish","format-standard","hentry","category-commercial-insurance","tag-commercial","tag-insurance","tag-ny","tag-rowledge-falvo-insurance-agency","tag-scotia"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t