Have you thought about what you would do if your business were damaged by fire? Since you have insurance, you’ll be able to rebuild. But, have you considered the impact on sales during the reconstruction? Depending on how long your business needs to be closed, will the revenue stream be stable enough to keep business going until the doors are reopened?

After a disaster, 40 percent of businesses don’t reopen at all and another 25 percent fail within one year, according FEMA. Business interruption insurance is essential to help cover the gap so operations can resume quickly. 

Types of insurance available

Business interruption insurance can be added to a property insurance policy or included in a package policy. Covered risks may include disasters such as fire, hurricane, hail, lightning, windstorm, explosion and vandalism. There are typically three types of coverage:

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