Protect Your Revenue Stream With Interruption Coverage

5/11/2022 (Permalink)

Interruption insurance can extend a lifeline to your company after a fire.

Protect Your Revenue Stream With Interruption Coverage

Whether you own a large company or a smaller one, your revenue stream is vital to your success. Anything that prevents your business from making or selling products and services can lead to a cascading series of problems:

• Inability to pay creditors
  
• Laying off of staff
  
• Inability to pay taxes and regulatory fees
  
  

Interruption insurance can extend a lifeline to your company after a fire. This is often a time when operations must cease for an indefinite period. Until your facility in San Jose, CA, is restored by a professional fire mitigation franchise, you will likely see a sudden drop in business income.

What Is Covered by Insurance for a Business Interruption 
Depending on your policy, it will likely last for the time your facility is shut down after a covered event such as a fire. Its purpose is to restore lost revenue at a critical time, and it can make the difference between a company surviving a fire and one that goes out of business. Typically interruption insurance policies provide payments for a variety of expenses:

• Money for commitments such as loans or taxes
  
• Payments for company payroll
  
• Money for lost revenue based on past earnings
  
• Payments for utilities
  
• Expenses for setting up a temporary operation center
  
  

How Rapid Fire Restoration Helps
Both your company and your insurance provider benefit from an efficient restoration of your commercial building. This reduces expenses across the board, allowing your company to get back to its core business. Successful recovery begins with a team of fire mitigation experts coming on-site and taking care of soot, smoke and water damage. The more efficiently this is accomplished, the quicker your employees can return to work in a safe environment.
Most companies will benefit from an appropriate interruption insurance policy. It will give you peace of mind and take care of expenses after a catastrophe.