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Home » Business Interruption Insurance

Business Interruption Insurance

Prepare for the unexpected to mitigate potential loss

By    Frederic A.  Mendelsohn 
July 25, 2004
More about:  Legal
Businesses must ensure they are protected from the dangers of having their own business, as well as key customers, vendors and service suppliers, shut down by any number of accidents and disasters. This article explains the ins and outs of business interruption insurance coverage.

Suppose one night you get a call that your warehouse and value added areas were destroyed by fire, and there's not much left in the ashes (even if the office was saved). What if some other natural disaster wipes out a key supplier, vendor or even neighboring business, blocking access into and out of your company?

Your distributorship will have to be closed (at least partially) until reconstruction is complete or other necessary repairs are completed. How can you pay your people, including yourself, ...

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Businesses must ensure they are protected from the dangers of having their own business, as well as key customers, vendors and service suppliers, shut down by any number of accidents and disasters. This article explains the ins and outs of business interruption insurance coverage.

Suppose one night you get a call that your warehouse and value added areas were destroyed by fire, and there's not much left in the ashes (even if the office was saved). What if some other natural disaster wipes out a key supplier, vendor or even neighboring business, blocking access into and out of your company?

Your distributorship will have to be closed (at least partially) until reconstruction is complete or other necessary repairs are completed. How can you pay your people, including yourself, ...







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