If you have a fire or water emergency, please call us now at (866) 779-1550

To have the optimal experience while using this site, you will need to update your browser. You may want to try one of the following alternatives:

Fire & Water - Cleanup & Restoration

Why You Should Consider Business Interruption Insurance

8/13/2019 (Permalink)

Fire damage in a commercial property in Rosebud, TX

Cleaning up in the aftermath of a fire on your commercial property in Rosebud, TX, can leave you with a lot on your plate. In addition to dealing with fire damage, water damage and reconstruction, you may also have to cope with lost revenue during the restoration period. However, business interruption insurance can make a huge difference when it comes to protecting your business in the event of a temporary, unexpected closure.

What Is Business Interruption Insurance?

Business interruption insurance covers lost income if your building is affected by a sudden disaster and forced to close its doors. Many policies will include coverage for:

Lost revenue



Employee wages

Loan payments

Rent or leasing payments

The primary goal of this insurance is to cover standard operating expenses and make up for the profits you would have earned if your business had not been affected by the disaster. In many instances, the policy may also cover the costs associated with temporarily relocating your business to a new building.

Choosing a Policy

Before deciding on a policy, there are a few things to consider. You must have complete financial records for your business, as your insurance payouts are based upon documented expenses and revenue. Also, make sure to check what documentation the policy requires to establish proof of loss. Furthermore, remember that clearing smoke damage and other aspects of a business fire is often a multi-day process. Thus, a good insurance policy should cover your company for more than just a day or two. Bear in mind that there might also be a two- or three-day waiting period before coverage takes effect.
To reopen your organization as quickly as possible, it is important to ensure that skilled fire cleaning and restoration experts attend to the property immediately following the incident. Nonetheless, a good-quality cleanup may still take some time, depending on the extent of the damage. Whether the business is closed for days, weeks or months, business interruption insurance can help your organization stay afloat during the recovery process.

Other News

View Recent Posts