Business Catastrophe Insurance

Your business and its customers rely on consistent and dependable operations. However, there may be times when accidents, errors or other unexpected circumstances disrupt your organization’s normal functions, potentially leading to significant financial losses. With this in mind, investing in appropriate business interruption insurance may be a crucial choice.

What Is Business Interruption Insurance?

Business interruption insurance coverage can provide critical financial security and peace of mind for your company. Also known as business income insurance, this type of coverage can often be added as an endorsement to commercial property insurance. This may help your physical assets be repaired or replaced following covered incidents. It may also help you recoup indirect financial losses from such incidents, including reduced revenue due to delays or relocation expenses, should your usual location become temporarily uninhabitable.

How Much Is Business Interruption Insurance?

Business interruption costs may vary significantly depending on your company’s unique characteristics. With this in mind, insurers must conduct a comprehensive analysis of your organization to determine risk levels and potential losses. Before providing you with a business interruption insurance quote, the following criteria may be considered:

• Industry
• Location
• Value of insured business property
• Estimated annual revenue
• Prior claims history
• Policy details (e.g., deductible, period of restoration and coverage limits)

Is Business Interruption Insurance Important?

After unexpected incidents and subsequent delays, business interruption insurance may make all the difference. Just because your company may be experiencing difficult times does not mean that certain bills and expenses, such as rent, taxes and loan payments, will cease needing to be paid. Furthermore, business interruption insurance coverage can help keep your employees paid despite a halt in operations. It may also play a crucial role in relocating your company to a secondary location or otherwise getting it back up and running as soon as possible.

Learn More

As a knowledgeable and experienced business interruption insurance broker, Bruening Insurance Agency is well-equipped to help your company secure optimal coverage. We have over 50 years of experience serving businesses throughout Florida and will work with you to explore your options and procure an ideal business interruption insurance quote. Contact us today to get started.