Disaster Insurance Keeps Your Business Running
If you suspected that a car had faulty brakes, would you feel safe behind the wheel? Probably not. Even the most skilled professional drivers will not trust their lives to something that may or may not work when it’s needed. The same holds true for operating a small business. When you’ve invested so much time and effort in your enterprise, it makes sense to have a sound business insurance policy to protect it.
Business insurance guards against the consequences of fire, theft and liability, and other risks. But your checklist for business protection should not be limited to the obvious. Special tools or equipment used in your business may require special coverage. In the event you had to close down your business for a period of time, business interruption insurance would help cover some of your ongoing expenses. At first, guarding against a highly unlikely occurrence may seem unnecessary, but remember that even a relatively minor event can cause disrupt a business and its surrounding economy for several weeks. A catastrophic event could just as easily threaten the long-term viability of your business.