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 | The Show Must Go On ...
If there is a
fire, Property insurance policies do not cover loss of business
income. While your building and equipment are being repaired or
replaced, you still need to meet expenses such as mortgages, taxes,
salaries, utilities, insurances, etc.
Without business interruption insurance, your company and
your personal savings may be needed to maintain your business
during a loss.
What's covered?
- Net income, before taxes, and ongoing operating expenses
until you can repair or replace the damaged or destroyed
property. Non- management employee payroll is
usually insured separately.
- Lost income for a period following the resumption of
operations, until your business returns to normal.
Who needs it?
- Businesses that invest in buildings, equipment, stock and
inventory.
- Businesses in a competitive industry where customers and
suppliers can be lost quickly.
- Manufacturers, retailers, contractors, transportation &
warehouse firms.
For more information,
contact us or
e-mail us.
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