Business Insurance Westminster

Westminster CA

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!

Westminster

Westminster is a city in Orange County, California. It was founded in 1870 by Rev. Lemuel Webber as a Presbyterian temperance colony. Its name is taken from the Westminster Assembly of 1643, which laid out the basic tenets of the Presbyterian faith. For several years of its early history, its farmers refused to grow grapes because they associated grapes with alcohol.

Westminster was incorporated in 1957, at which time it had 10,755 residents. Originally, the city was named Tri-City because it was the amalgamation of three cities: Westminster, Barber City, and Midway City. Midway City ultimately turned down incorporation, leaving Barber City to be absorbed into the newly incorporated Westminster. The former Barber City was located in the western portion of the current city of Westminster.

Westminster is landlocked and bordered by Seal Beach on the west, by Garden Grove on the north and east, and by Huntington Beach and Fountain Valley on the south.