Imagine what would happen if your organization had to shut down for an extended period due to property damage from a fire. Luckily, with smoke detectors and a sprinkler system, injuries and significant damage were avoided. However, the building still requires repairs, and your business will be shut down for at least a month. Most likely you feel confident your insurance policy will pay for the property damage. But what about the loss of income you’ll incur during this period? And how will you pay your employees without income? This is where Business Income insurance comes into play. Check out the video below to learn more about this important coverage along with three scenarios detailing how Business Income insurance can help organizations in critical situations.
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