Your business is your most important investment, and your livelihood is tied up in it. You plan to work hard and make a profit so you can support yourself and your family, and you make plans to take care of any problems.
However, sometimes there are problems which are completely beyond your control, that could force your business to be closed. Closing for a few minutes or hours can have in impact on your customers, but some emergencies such as a fire or natural disaster could cause your business to be closed for a much longer time.
You will still be paying for all your normal expenses, unless you can get a break. That means you are paying rent or mortgage, utilities, and even salaries while your business is closed and you aren’t earning money. What can you do to protect yourself?
If you have a business in Longmont, CO, you can talk to the agents at 1st American Insurance Agency about getting a policy to cover your business in case of a closure. If you don’t protect yourself ahead of time, a long closure could have a permanent detrimental effect on your business.
Business interruption insurance can cover your operating expenses, and you can choose wage replacement as an option to make sure that your loyal employees are take care of during this hard time. You may qualify for a policy no matter what the size of your business. Even home-based businesses may be eligible for business interruption coverage.
Nobody can predict a real emergency, and you can get peace of mind if you know you are covered. Call 1st American Insurance Agency in Longmont, CO today to discuss your options.