Two Reasons to Consider New Jersey Business Interruption Coverage

Two Reasons to Consider New Jersey Business Interruption Coverage

New Jersey business interruption coverage has much to recommend it, and business owners are increasingly becoming aware of its worth, particularly in the wake of Hurricane Sandy. This insurance coverage is particularly useful for two reasons: it can offer income stability and cover costs in the event of a business interruption.

  1. Income Stability – Should the unthinkable happen and a natural disaster or other unforeseen circumstance of similar seriousness occur, your business may have to close its doors for an extended period of time. Even if your business is not located directly in an effected area, many of your employees may be unable to get to work. This can mean thousands of dollars of lost income every day. Business interruption insurance can cover this very problem, providing you and your business with regular income when you must remain closed.
  2. Costs Covered – There is a wide range of different expenses that your business might incur during a prolonged interruption, including bills and the cost of renting temporary alternative real estate. With the right New Jersey business interruption coverage, these costs are taken care of, granting you peace of mind and allowing your business to stay afloat, even in the face of interruption.

If a business interruption of any kind should occur, the finances of your business can be greatly protected by business interruption coverage. All in all, New Jersey business interruption coverage is a worthwhile investment that just might save your business.