When you choose a commercial insurance policy at  JC Demo Insurance Group, you get a lot of options. You know the obvious needs of your small business in Matthews, NC, such as property insurance and general liability. You may need business auto insurance or worker’s compensation.

You may not realize how vulnerable you are if you don’t also have business interruption insurance. Before making your final decision, you should consider the kinds of expenses covered by this sort of policy and when it comes into effect. 

When does a Business Interruption Policy start working?

Nobody wants to think their business could be the victim or a disaster, but it happens all too often. A fire, vandalism or a natural disaster could cause your business to stop operations.

During that time, your creditors, vendors, utilities, and others will still expect you to meet your responsibilities. Money won’t be coming in, but it will continue to go out.

What kinds of expenses your Business Interruption Policy will cover

Your policy will protect you for the amount of money you would have been able to earn, based on your financial records, if you were doing regular business. That means that if you have a Business Interruption Policy, you will still be able to pay

• Utility bills
• Employee wages and benefits
• Payments on your property, whether a mortgage or rent
• Taxes
• Other regular business needs.

Even a short outage could cause you to lose customers forever. In the meantime, you will be dipping into savings or scrambling to pay the bills.

You want to protect your Matthews, NC business from any serious losses. If you think this kind of policy could benefit you, feel free to call JC Demo Insurance Group today to discuss your options.