As a business owner, you want to ensure all aspects of your company are covered with commercial insurance. However, one element that may not be included in some policies is business interruption insurance. Around 8 million commercial insurance policies include business interruption, but some don’t. If you’re unsure about selecting a plan, our agents at York Jersey Underwriters Inc. can assist you in choosing a commercial plan in Tinton Falls, NJ.
Understanding Business Interruption Insurance
Business interruption insurance is a component of commercial insurance designed to protect companies from financial loss due to unforeseen events. Not all commercial insurance policies include this, as it’s often considered an extra add-on. Before choosing a commercial insurance plan, discussing the finer details with an agent can help ensure your business is fully covered. Otherwise, you could find yourself in a situation where you have to cover additional expenses out of pocket.
The Importance of Business Interruption Insurance
Having coverage that can aid in income loss is extremely important, especially for small businesses. There can be unforeseeable instances such as theft, fires, or property damage where a business will be suspended until repairs are made. During this time, the loss can contribute to significant revenue losses. Having business interruption insurance, also known as business income insurance, can help cover lost revenue.
How We Can Assist
We aim to ensure that your business is adequately covered. Our agents at York Jersey Underwriters Inc., located in Tinton Falls, NJ, are here to help and can help you find a suitable plan. Call us, and we’ll be more than happy to discuss policy options with you.
