At Shepard Walton King, we understand how much your business means to you. It’s the reason why it means so much to us. In a previous blog, we discussed some steps to being proactive about your business’s safety during the current hurricane season. But what happens after the storm? Business interruption insurance may be the difference between survival and closure.

Cover Your Bases

If a hurricane or other natural disaster strikes our state, there’s a high chance that your business may not operate for days, weeks, or even months due to power outages or damages. As a business owner, ask yourself if your operation could survive that. While business policies can cover physical damage to your structure, equipment, inventories, and other goods, what happens to your lost revenue?

Business interruption insurance can reimburse your operation’s lost earnings throughout its closure. This protection is typically a rider on your property or business owner policy. To secure business interruption insurance, you must first document your net income and the interruptions that need protection.

Evaluate Your Needs

To secure business interruption coverage, you’ll need to evaluate how your business will be affected by a hurricane or other natural disaster. Take loans, lease payments, taxes, and any other costs you’d incur while being operational into consideration. We also advise you to take your employee payroll into consideration. Will you cover their wages while your business recovers?

Get Covered Today!

At Shepard Walton King, we know business and what it takes to keep yours going. Don’t let the 2020 hurricane season affect your peace of mind! Contact our McAllen insurance agents for more information.