Have you planned for Continuing in Business after a Disaster?
1/25/2012 12:00:00 AM
Does the Mass insurance you have purchased to protect your business include coverage for business interruptions and extra expenses if your business premises are affected by a disaster? Carrying this type of insurance can help to ensure that your business can continue in spite of a major setback that forces you to relocate your business operations.
A disaster like a fire or extreme weather event that damages your workplace affects not only the physical assets of the business but also the way the business operates while the premises are being restored. Business interruption insurance can protect you from losing income if your business has to move, temporarily, to another location. To claim insurance compensation for business interruption your insurer will require you to provide records of business income before and after the disastrous event – another good reason for keeping your accounts up to date!
Having to temporarily relocate to alternative business location can be expensive. Additional costs could include rent, removal costs and utility connection charges. Keep receipts for any additional expenditure that is incurred to support your insurance claim for extra expenses compensation.
Recovery after a disaster, like a fire, can take some time, but insurance protection for loss of income and additional expenses can help to ensure business continuity. Being able to act quickly and resume operations without delay helps to avoid losing ground to business competitors. Ask your Mass insurance provider about these valuable business insurance products that will help you to put up the “business as usual” sign quickly.
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A disaster like a fire or extreme weather event that damages your workplace affects not only the physical assets of the business but also the way the business operates while the premises are being restored. Business interruption insurance can protect you from losing income if your business has to move, temporarily, to another location. To claim insurance compensation for business interruption your insurer will require you to provide records of business income before and after the disastrous event – another good reason for keeping your accounts up to date!
Having to temporarily relocate to alternative business location can be expensive. Additional costs could include rent, removal costs and utility connection charges. Keep receipts for any additional expenditure that is incurred to support your insurance claim for extra expenses compensation.
Recovery after a disaster, like a fire, can take some time, but insurance protection for loss of income and additional expenses can help to ensure business continuity. Being able to act quickly and resume operations without delay helps to avoid losing ground to business competitors. Ask your Mass insurance provider about these valuable business insurance products that will help you to put up the “business as usual” sign quickly.
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