Delaware Business Insurance Update From CNC Insurance Assoc. "Insured For Your Lost Income, I Bet Not!" 3-21-16

Most small business owners will insure their buildings and contents for loss. However studies have shown that nearly 60% do not cover their lost income after damage to their business. Many business owners are under the premise that they can get the business back on its feet in no time and start making money again. This is simply not the case. The recovery time will most likely be longer than expected. This means business owners will lose more income than they can afford.
The solution is to insure your loss of income with Business Income Coverage. This coverage replaces your net income so that you can keep yourself paid and your employees paid while your building or contents are being repaired or replaced. It also pays for the continuing expenses that your business would have due to contracts or utility services. This coverage is as important as insuring your building and contents. Ask your insurance professional to discuss this option and how to add it to your insurance portfolio. Until next time be careful out there and know your risks.

G. Kevin Nemith President CNC Insurance & The Small Business Insurance Center
Serving DE, MD, PA, VA, & NJ
www.cncinsurance.com
www.bizinsurancetv.org


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