Business interruption insurance is a type of commercial insurance and falls into two categories. There is standard business interruption insurance that covers direct loss, and there is contingency business interruption insurance which deals more with indirect business loss. Both are subject to specific terms and conditions, so be sure to read through your policy thoroughly. The bottom line is important when running a business and Access Insurance Services serving the city of San Antonio, TX is here to help you figure things out.
Business interruption insurance may seem like planning to fail, but any good business owner will tell you to hope for the best and plan for the worst. When assessing your business, it is a good idea to establish what could possibly interrupt your business and what the consequences of that are. Are losses likely to be more direct or indirect? This will help inform you regarding your choice of business interruption insurance. Never assume that it is part of standard commercial insurance. In Texas, there are several further subcategories of business interruption insurance including, for example, event cancelation insurance. Business interruption insurance can be a complicated beast and Access Insurance Services is placed to assist you to align your insurance with your business.
The answer to the original question, do I really need business interruption insurance, is an unequivocal yes. It is essential insurance. No matter what business you are in there is always the chance that there may be physical loss due to unusual weather patterns, freak accidents, or similar.
Take action today! Speak to Access Insurance Services serving the city of San Antonio, TX, and make sure your business is covered for any surprises.