Business Interruption Insurance

We don't but it's a good idea. Be careful though as we had a location on the coast and tried to change our policy a week before a hurricane was coming and the insurance company refused to do anything until after it hit. Our change was not to try and safeguard us against a storm but just larger coverage increase do to new equipment arriving.

 

We do, but it's only for up to 30 days and 25% of our total coverage... It is expensive at $3,000/year for us.

 

We have it as part of our GL policy and it has paid for itself due to recent disasters. Be prepared to open your books to your insurance adjuster should the occasion arise where you need it. Also be prepared with plenty of lube as the adjuster will certainly bend you over and dry ram you on coverage exclusions. Yes, I am still sore.

 

Yes, I had it and when I went to file a claim I realized how much work and effort and detail I had to provide I gave up and figured it wasn’t worth the time I had to spend on the claim. I believe that it is only for a catastrophic event not your day to day issues.