What is Business Interruption Insurance?

What is Business Interruption Insurance?

manufacturer insurance in Orlando

If you’re looking for manufacturer insurance in Orlando, your agent may recommend business interruption insurance, which is also known as “business income insurance.” Perhaps you’ve never heard of this policy before, and maybe you think you won’t need it. However, it is one of the most important coverages your company can have.

As you probably know, property insurance covers the cost to replace your building and assets after a disaster, such as a hurricane. That’s important, but you may have to close your business during renovations. What will you do to recoup all those losses?

That’s why you should include business interruption in your manufacturer insurance in Orlando. This policy can pay what your profits would have been while your business recovers. Whether you must rebuild, move, or take on other expenses, your plan may cover it.

Of course, there are different types of business interruption insurance. Always be sure to speak with your agent about how much coverage your business should carry. Your premium may be determined by the amount of coverage, your company’s risk, and other factors.

While the types of policies may differ, one thing seems certain: your business is better off with this kind of insurance. While it may not feel important now, you can be glad you purchased this policy when disaster strikes, but your finances stay stable.