Business Interruption Insurance in Kendallville, IN

Your business strives to maintain reliable and consistent operations, fulfilling the needs of clients, customers and partners promptly and without fluctuation.

However, accidents, errors and various circumstances beyond your control may inevitably occur, potentially leading to costly delays and difficult times.

Business interruption insurance can play a key role in offsetting financial losses arising from these situations, potentially enabling an ideal recovery.

What is Business Interruption Insurance?

Business interruption insurance, also known as business income insurance, is an integral component of most companies’ loss control measures. These policies can establish robust financial protection and cultivate peace of mind for your organization.

In exchange for your regular (e.g., monthly) premiums, your business interruption coverage can be tapped following covered incidents, such as fires, criminal activity and some natural disasters.

If approved, the resulting claim could play a critical role in limiting out-of-pocket financial repercussions.

What Does My Policy Cover?

Following an unexpected delay or disruption of normal business operations, your company may face various losses and expenses for which it did not budget. This can have devastating consequences for current operations and future aspirations.

Fortunately, a suitable business interruption insurance policy may help cover the following:

• Lost income your business would have earned if not for the disruption

• Employee wages or payroll

• Loans that must be paid despite the interruption

• Taxes

• Temporary relocation costs should you need to set up a different workplace during remediation or repairs

• Training expenses, such as if you need to purchase new equipment and educate staff upon resuming operations

How are Rates Determined?

Business income insurance carriers may look at a number of factors when quoting you a rate for coverage, including the following:

• Industry 

• Location 

• Assets 

• Revenue 

• Previous claims 

• Policy details (e.g., endorsements, period of restoration and coverage limits)

Get the Right Coverage

Contact SIA, LLC today to learn more about business interruption insurance or to compare personalized quotes.