small-business-healthcare

Business Interruption Insurance

According to a recent survey from global insurer Allianz, the annual number of natural disasters has risen from 400 major incidents in a typical year to more that 600. Now may be a good time for business owners to consider Business Interruption Insurance.

Business Interruption Insurance covers the loss of income that a business suffers after a disaster. This type of policy differs from property insurance. Property insurance only covers the physical damage done to a business structure, while Business Interruption Insurance covers the profits that would have been earned.

Already have Business Interruption Insurance but want to compare rates and coverage? Give McLean Insurance a call at 703-790-5770.

Business Interruption Insurance could be vital to the survival of a company. The following are generally covered under a Business Interruption policy:

  • Profits: Covers the revenue that you would earn based on financial records had the disaster not occurred
  • Fixed Costs: Operating expenses, like rent or electricity that are still being incurred by the property even though business activities have come to a temporary halt
  • Extra Expenses: Reimbursement for reasonable expenses that allow the business to continue to operate while the property is being repaired
  • Civil Authority: Government-mandated closure of a business due to street closures or issued curfews

After a major disaster, it usually takes more time to get back on track than what business owners anticipate. Investing in a Business Interruption Insurance policy will ensure that your business, profits and employees are adequately covered. To learn more or add this policy to your businesses property insurance policy, contact McLean Insurance at 703-790-5770.

Why choose McLean Insurance For Business Interruption Insurance?

  • Personalized Service – You will be treated as family at McLean Insurance Agency. Our advisors are local and easily accessible. They have a solid understanding of Business Interruption insurance needs for all companies
  • Trusted Advice – All McLean Insurance advisors undergo significant training. They are skilled at Business Interruption Insurance writing
  • Save Money – We will shop multiple providers to find the best rate for you
  • Save Time – Our experts will do all the work so you don’t have to waste time researching and understanding complex insurance jargon.