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BUSINESS INCOME

By September 8, 2014 Business Insurance

If you’re a business owner, what happens if you suffer a loss & can’t serve your customers? You lose income! What if you don’t actually have a loss, but an off-premises power supply is damaged so you have no electricity? Does your property policy respond? Maybe, maybe not; so again you could lose income. Business income insurance covers income lost during a period of restoration following a qualifying event that interrupts operations. It pays for anticipated income, ongoing expenses and wages. Check out this brief video from The Hartford for a simple explanation of how business income coverage may be right for you

Business Income Coverage Explained