Delaware Business Insurance Update by CNC Insurance Associates Inc. "Off Premises Power Outages a Big Risk In Today's Economy" 9-29-14

Most small businesses run very tight every month with cash flows. Very few small companies in this US economy can create cash cushions to withstand shut downs or major disruptions in operations. Small business insurance can cover replacing the lost income when damages prevent or reduce the ability to keep the doors open, but not every thing is routinely covered. One of the areas that small business is exposed to is large regional losses of power. Most insurance policies do not cover loss of income due to power outages in a regional area. This was very evident when hurricane Sandy hit a few years ago. Business owners who sustained no damage still lost big as they could not open their shops because there was no power and no insurance coverage.  If you do not have long term self generating power strategy ( ie generators) then endorse your small business insurance policy to cover loss of income due to power outages. Most insurance companies will add this coverage to your policy. As most businesses go month to month in order to keep the doors open, loss of income coverage due to power outage is a necessity. Call you insurance professional today and get this coverage added. Until next time be careful out there and know your risks.
G. Kevin Nemith Pres. CNC Insurance Associates Inc. & The Small Business Insurance Center
Serving DE, NJ, MD, PA & VA
www.cncinsurance.com
www.bizinsurancetv.org

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