Delaware Business Insurance Update from CNC Insurance Associates, "Off Premises Power Outages Can Be Costly""

Many business insurance policies have coverage for loss of business income. If the property is damaged or destroyed and the business owner cannot open the doors, then the business income insurance coverage kicks in. However, one of the missed extensions of coverage that has to be added is off premises power outage. When the power goes out across a region, the business could lose income. This is important coverage that has to be endorsed on the business income insurance, it is not automatic. Loss of income when the power goes out can be very costly. In the winter, heavy snowfalls could knock power out for days. In the summer, thunder storms can do the same. Check your commercial insurance coverage and make sure your business income coverage also covers off premises power outage.  Until next time be careful out there and know your risks.
G. Kevin Nemith, President CNC Insurance. Associates
Serving, DE, MD, PA, NJ, and Va
www.cncinsurance.com
www.bizinsurancetv.org

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