The Importance of Business Interruption Insurance (BII)

Here is an excerpt from a new blog post at GreggMarcus.com:

One of the most fundamental types of insurance that you can carry as a business is business interruption insurance, commonly referred to as BII. Business interruption insurance is purchased to reimburse loss of income if a covered event occurs that makes it impossible to carry out your normal business operations. It is not commonly sold as an individual policy, but may be a clause that you can add to your business property insurance. In this post, Gregg S. Marcus, a Long Island Insurance Executive explains the importance of Business Interruption Insurance for any business.

Business owners frequently receive quotes for liability, casualty and property insurance, but often neglect to look into business interruption insurance. Property insurance covers your business against damage from fire or flood, casualty insurance can cover against general loss and liability coverage can protect your business against negligence claims. Worker’s compensation coverage protects your employees when they are injured on the job.

To read this post in it's entirety, click here to visit the Gregg Marcus official website.