Business Interruption Insurance Can Be An Important Part of Protecting Your Business!
According to a recent survey by Harris Interactive, 66% of small businesses don’t have Business Interruption coverage and almost 75 percent of small businesses do not have a disaster recovery plan, which could result in having to shut down their company for short or potentially longer periods of time following a disaster of some sort. Out of these companies, of those companies with fewer than 50 employees (about one in five), actually have a disaster recovery plan. Being prepared in case of a catastrophe to be able to keep your business up and running can help ensure that you and your employees are able to continue to thrive.
While small businesses are often those least likely to have business interruption insurance, they are also typically the ones most likely to be affected the most from a disaster. Of the 500 U.S. small business owners surveyed, more than half said it would take them at least three months to recover from a disaster. Business Interruption Insurance plays a vital role in helping to keep businesses running and should be an important component of any business owner’s insurance portfolio.
For all of your business insurance needs and to ensure your company has the right types of coverages, contact Randy Jones Insurance Services in Pleasanton, California. We will work with you to help you create the right insurance portfolio.