Delaware Business Insurance Update : Loss of Business Income Coverage is Critical for Survival

It is becoming very apparent the value of business income coverage. As hurricane Sandy claims are being adjusted, many businesses are relying on the payments made by this coverage to continue operations. It is the nature of most business owners to think that the time to get back to business after a disaster to be in  months. In reality the time to get operations back to where they were before a catastrophe may be years. This is why business income coverage is so critical. The insurance company replaces the income you lose following a covered event. This coverage can be set up to cover a span of months or years depending on the need. A business owner can expect to be able to keep key employees, vendors, suppliers and customers with this coverage. Though it does not get the attention that property and liability insurance gets, business income coverage is vital to any business owners risk managment plan. Until next time be careful out there and know your risks. K

G. Kevin Nemith, Business Insurance and Small Business Insurance, Enterprise Risk Management Specialists, Serving Delaware, Pennsylvania, Maryland, & New Jersey
www.cncinsurance.com
www.bizinsurancetv.org

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