Three Things All Business Owners Need to Know
Three things all business owners should know about business interruption insurance and the claims process. One, make sure you can provide a financial statement showing what your business was making immediately before it was damaged or financials showing what the business was making for the last several months. Two, as a business owner, you’re entitled not only to business income loss when the business is not operating as usual, but you’re also entitled to income that relates to a reduction in the business after the business reopens. Three, as a business owner, you’re entitled to additional expenses incurred when trying to reopen your business after a business interruption or to get the business back and running after you’re able to operate again. Got questions? I suggest consulting with an experienced property claims attorney.