Business Interruption Coverage 101: The Basics
Business interruption coverage could mean the difference between staying afloat, or sinking. Consider the following scenario: the business next door that specializes in fire extinguishers catches fire, and the fire reaches into your own business. Firefighters manage to put the blaze out before it causes any serious damage to your building, but it’s clear that you won’t be able to utilize this space for a number of months. In addition, your merchandise and equipment has been damaged! Setting aside the irony of your neighbor’s situation, how will you replace your earnings […]
READ MORE