FGIB:Offering Business Interruption Insurance
There are many factors that can stop an operation in its track, temporarily closing the doors of a business and causing a firm to move its facility to another location while repairs or rebuilding takes place. A fire, for example, can cause significant damage to a portion of a retail shop or completely destroy it requiring rebuilding. Or, a natural catastrophe like an earthquake or hurricane can shutter a business forcing it to close while restoration takes place. Businesses purchase Commercial Property insurance and Earthquake coverage to cover the expenses involved to repair or rebuild, but equally important is covering the lost business that comes with such losses. That’s where Business Interruption insurance steps it.