PROPERTY – BUSINESS INTERRUPTION
We are by your side to help you survive and continue your upward trend, despite any losses that may come to your business from damage or destruction.
Property Insurance
Property insurance pays for losses and damages to business personal property from a variety of “perils” (occurrences that result in damage or destruction). Insurance can be purchased in a package covering a different combination of causes of loss, or you may purchase components separately depending on your specific needs. While covered perils vary depending on the policy you purchase, generally it provides for repair or replacement caused by:
- Fire – including damage from smoke and water used to put out a fire
- Weather – lightning, windstorms, hailstorms, tornadoes, earthquake
- Damage from bursting of heating, plumbing or hot water systems
- Explosions
- Collapse of roof or walls
- Damage by vehicles
- Theft or burglary
- Vandalism and malicious mischief
Business interruption insurance
Business interruption insurance can be as vital to your survival as a business as fire insurance. Most people would never consider opening a business without buying insurance to cover damage due to fire and windstorms. But, too many small business owners fail to think about how they would manage if a fire or other disaster damaged their business premises so that they were temporarily unusable. Business interruption coverage is not sold separately. It is added to a property insurance policy or included in a package policy.
A business that has to close down completely while the premises are being repaired may lose out to competitors. A quick resumption of business after a disaster is essential.
- Business interruption insurance compensates you for lost income if your company has to vacate the premises due to disaster-related damage that is covered under your property insurance policy, such as a fire. Business interruption insurance covers the profits you would have earned, based on your financial records, had the disaster not occurred.
- Make sure the policy limits are sufficient to cover your company for more than a few days. After a major disaster, it can take more time than many people anticipate to get the business back on track.
BUSINESS INSURANCE SERVICES
PROPERTY INSURANCE - BUSINESS INTERRUPTION
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LIABILITY PROTECTION
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Insure your business. Secure your present and your future with the guarantee of Consensus Insurance Services.
Speak to one of our representatives and discuss your insurance needs.