Business Income Insurance: Don’t Get Burned
- Published on Monday, 15 April 2013 16:44
- Written by Mike McClain, Web Editor
Or blown away by a tornado or struck by lightning or any other calamity that interrupts business. A primer on business income insurance and how it can help.
Worst-case scenario: Your association’s building suffers a four-alarm fire. You lose all hardcopy records, merchandise, annual conference signage, and much more. On top of that, you have to move to another building for at least six months while the space is rebuilt, and you still have to pay the lease on the burned-out office. What’s your business income insurance going to cover? What about your extra-expense coverage?