What would you do if you couldn’t conduct business for an extended period of time? Would you be able to survive if damage occurred and you were out of business for several weeks or months?
The answer for most small business owners is no.
Business interruption insurance can be as vital to your survival as a business owner as fire, flood, or any other type of business insurance. Most people would never consider opening a business without buying insurance to cover damage due to these types of risks.
Unfortunately, too many small business owners fail to think about how they would manage if a fire or other disaster damaged their business premises to the point where they were temporarily unable to conduct business.
Business interruption insurance covers you for lost income if your company has to vacate the premises due to disaster-related damage that is covered under your property insurance policy, such as a fire.
It also covers the revenue you would have earned, based on your financial records, had the disaster not occurred. The policy also covers operating expenses, like electricity, that continue even though business activities have come to a temporary halt.
How much is Business Interruption insurance?
The price of the business interruption policy is related to the risk of a fire or other disaster damaging your premises.
All other things being equal, the price would probably be higher for a restaurant than a real estate agency for example because of the greater risk of fire.
Also, a real estate agency can more easily operate out of another location.
Call our office today to discuss your options, or head over to our quotes page to get the process started!
Yorba Linda
Yorba Linda is a suburban city in the northeastern Orange County, California, approximately 13 miles (21 km) northeast of Downtown Santa Ana, and 40 miles (64 km) southeast of Downtown Los Angeles.
As of the 2010 census, it had a population of 64,234. Its most famous resident was Richard Nixon, who was born there; however, his father moved the family away before Yorba Linda became a city. The Richard Nixon Presidential Library and Museum is therefore probably the most well-known and visited site in the city.
Yorba Linda is known for having large residential lots as well as 30 horse trails, which are 100 miles (160 km) in aggregate length.
Yorba Linda, city, Orange county, southern California, U.S. The area was explored by a Spanish expedition in 1769, and in 1801 Juan Pablo Grijalva received a Spanish land grant known as Rancho Santiago de Santa Ana; Grijalva’s descendants, the Peraltas and the Yorbas, inherited the land, and the Yorba family retained ownership until the mid-19th century. In 1907 part of the former Yorba land was sold to the Janss Corporation, which subdivided it and named the new city Yorba Linda (linda meaning “pretty” in Spanish). The city developed as a livestock, agricultural (citrus, avocados, tomatoes, and cabbage), and—with the establishment of the Pacific Electric Railroad line in 1918—transportation centre. Agricultural lands were retired with the post-World War II expansion of Orange county’s municipalities, and Yorba Linda is now a mainly residential community of the Los Angeles metropolitan area.
Nearby Cities:
Business Insurance Fullerton, Business Insurance Lake Forest