Home Advertise Contact Blog Advertiser Login RSS
Newsletter Signup

Business Opportunities to Own
Home-Based Businesses
Choosing a Business Opportunity Growth and Profit Marketing and Sales
Plans and Goals Running Your Own Business Start-Up
Working From Home Entrepreneur Exchange Feature Articles
Opportunity Community Opportunity Focus In The News

Everyone will be hearing a lot from the newest addition to our staff: Digital Marketing Manager Hired Margaret Mallonée! This hire was a strategic move to enhance our staff for the new digital media platform we will be introducing in the weeks and months to come. Chicago,...

Slammed last year by what will surely be one of the most expensive and devastating natural disasters to ever hit the Northeast, millions of individuals, many of whom are work-at-home or other small business owners, are only now years later truly beginning to recover from the damage that Hurricane...

Marketing pumps leads and buyers into your business. There are multiple types of marketing methods, from paid advertising to social media. One of the most efficient is called drip marketing.

Here is a quick guide to drip marketing, an effective way to nurture leads using the power of automation. What...

Sponsors

STARSCAPES®
Imagine making up to $500 to $1,800 a day! Call or click now see how you can get your business for FREE! (602) 679-0257
Promotional Products Home Business
Run Your Own Business. Be Your Own Boss. Earn Great Profit Potential. Start At A Low Cost. Try It For Free! Learn More.
Hurricane Recovery Resources for Business Opportunity Owners
in the wake of a crisis of this magnitude can be especially maddening, DisasterAssistance.gov is good place to start...
How Many Leads Does It Take To Close A Sale?
This article is now live on our blog and I know could be very insightful for many. Read On
Residual Income Business Opportunities
Residual Income is the way that you work once and get paid multiple times—sounds great!... Read On
Productivity Hacks — Our Top 50
Productivity Hacks will help you make more from less this 2016. Here at BusinessOpportunity.com we want to... Read On
Top 7 Reasons to Consider a CMS
The internet loves obscure abbreviations. You can skip over most of them, but not CMS. What is CMS? read on...
The Ideal Length of Everything Online, Including Social Media Posts
When one of your busiest marketing channels limits you to 140 characters, you know that the internet sets its own rules.
It Takes a Hot Voicemail to Land a Warm Lead
If you're a successful entrepreneur who provides others like you the chance to follow in your footsteps... Read On
Low Cost Business Opportunities to Own
Are your right for a Low Cost Business Opportunities to Own? The desire to own your own business... Read On
Sales Hack To Increase Your ROI and Productivity
Sales Hack to make you more money! Sales Hacks are not new, but how you use them is. We receive lots of emails.. Read On
The Top 10 Reasons to Buy a Business Opportunity or Franchise
Starting your own small business is part of the American Dream, right up there with owning your own home. Read On
7 Keys to Leading Highly Effective Sales Conversations
Most people's sales conversations could be better. Not a little better, significantly better. Read On
 
Resource Center > Article
Business Interruption Insurance
Share this Article:

When I sat down to write this blog post I didn't realize the varied types of companies that can actually obtain Business Interruption Insurance such as some Business Opportunities, Distributorships, Dealerships, Licensee Opportunity Owners and Franchises.

Business Opportunity and Franchise owners face a myriad of issues throughout the year, unforeseen circumstances that could cause you to close up shop for an extended period of time – whether that be weather related or some sort of other natural disaster like fires, floods, etc. You may have to relocate for an extended period of time taking you out of your market for instance if you own a territory or area.

Business Interruption Insurance

Business Interruption Insurance is a means to aid business owners just like you recoup some losses you may face if your business is shut down by some of these events. For instance, if you have business interruption insurance, you could be covered depending on your State, situation, type of business for lost profits while your business recovers to open back up again after say, a fire damaged it. This type of coverage is just as essential as business property insurance – the losses for a business owner could be too much while you wait for your business to reopen after a disaster.

This type of Business Interruption Insurance has become more and more important as of late since chaos has emerged from the shipping / dock issues tens of thousands of businesses have faced this past year or so. This type of interruption insurance is called a Contingent Business Interruption policy, which protects a business if say their supplier has troubles delivering their products to the business. If your supplier fails to deliver the products you need to fill your orders this type of insurance can be a Godsend.

From the time the loss occurs until your business is running again, Business Interruption Insurance can replace your lost profits, and provide a source of money to pay your necessary continuing expenses, like rent, payroll, taxes too. I bet you didn’t think of those expenses being possibly covered did you? All in all you need insurance to drive and many have health insurance to cover unforeseen health related issues and even some have jewelry insurance or a home or renters insurance policy to protect against theft, damage, floods and more. Yet, the lifeblood that makes this all happen, your business is often ignored and lacks the proper insurance to not only protect you, but in many cases your customers too. Many will say it is expensive and they will never be caught in a disaster.  But businesses may want to reconsider interruption insurance given the rising number of natural disasters. The annual total has increased from 400 major incidents in a typical year to more than 600, according to a recent survey from global insurer Allianz. This about Hurricane Sandy or the many, many storms, including snow storms that racked almost the entire country last year.  Still think you don't need Business Interruption Insurance?

Talk to your insurance representative about Business Interruption Insurance to see what might be right for your individual situation.

 

Carpe Diem My Friends

Related Blog Posts

Best Ways to Store Data - Do you backup data on your computer each day? If so, congratulate yourself! You’re one of the tiny minority that can sleep easy.

Best Ways To Store Data - According to a 2016 survey, fewer than 1 in 3 computer users back up files on a schedule, whether daily, weekly...

Create Engaging Presentations with making very little effort used to be pretty much, well harder than it is now.

The good people at Slidebot know that to create engaging presentations that are powerful takes up...

Business Opportunity Apps to make your life easier was the best title I could think of today my friends.  This is especially true if you work with images or you are a graphic designer.

Business Opportunity Apps and Sites have been on my mind as late.  Recently, I've been focused on image optimization...

The Business Franchise Opportunity Sales Tips 7 Part Series was an idea launched by Keith Shaffer Director of Personal at TheLocalProject.net two weeks ago after a coaching session.  The credit goes to him for this...

Getting More Out Of Life: Buying Getting More: How You Can Negotiate to Succeed in Work and Life was an easy choice. When you read that Google used it to train 30,000 employees, you gotta figure it’s got something going for it. I’m always on the lookout for helpful books and negotiation...

 
   

I had the pleasure of setting down with Edwin Shoffner, CEO with Mattress by Appointment for BusinessOpportunity.com's very first Podcast that will be released on our new Digital Platform very soon.  Here is the transcript from that call for...
Read More

Video Spotlight

Virtual Financial A Home Business in Financial Services You are going to want to see this Video!

Virtual Financial Group


Premium Sponsor