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Business Income / Loss
The fire was devastating. In a few hours, our entire warehouse was gone. But I knew I had business property insurance to help me rebuild. What I didn't consider was the loss of income that resulted from the logistical nightmare of being without a key facility in our business. Later, after I talked with my agent - I learned that I could've been better protected. It was then that I decided that not only did I need a complete review with my agent of all my current insurance needs - I needed to develop an ongoing relationship with my agent, to give him the opportunity to make sure that my insurance coverage keeps pace with the growing needs of my business. I only wish I had realized it sooner.
Business income coverage - If your business is interrupted temporarily by a covered loss, business income coverage can pay for the income you lose during that time.